what would you like to see from secretary geithner? >> ( translated ): first and foremost i believe what is important for the united states to do is to depoliticize economic issues with china. during more previous conversations with secretary geithner, i often tell him that it was true that there was always a political dimension to economic problems and economic issues are closely related to political ones. it's dangerous to politicize economic issues. take the exchange rate it's an issue that's economical. it seems to me that somehow the americans believe that china's trade surplus is all caused by the manipulation of the exchange rate and china became a big trading countfully the world simply by manipulating its currencies. actually, this is a very politicized argument and for all those people who really understand what the exchange rate is really about, they would not say so. >> rose: we now come to the crux of the problem, don't we? >> i think the vice premier is right that you can't look at this economic relationship through the p

>> i have a question for secretary geithner. [inaudible] you had dinner with some chinese entrepreneurs. they're interested in investing in the united states. will the united states tried to trade more equally? [unintelligible] >> that was an important part of our conversation. we welcome chinese investment in the united states. i am confident that if you look over the next several years, you'll see chinese investment in the united states continued to expand very rapidly. that will be good for the united states, good for china and that is driven by the desire of chinese companies to have more access to u.s. technology and try to expend the opportunities in this market. we welcome that. where have they opened test non discriminatory regime. we treat chinese companies and chinese investment like we treat investment from any other country. we will continue to make sure we preserve that open investment policy because it is important to the basic strength and dynamism of the united states. to be fair, we also discussed the china inve

error. -- timothytimothy geithner air. more details have come out about the alleged victim. >> there is no way in which there is any aspect of this event which could be construed to be consensual in any manner. this is nothing other than a physical sexual assault by this man on this young woman. >> our correspondent gave us more details about the case. >> the 32-year-old west african immigrant living in the bronx with her daughter. we heard from jeffrey shapiro, her lawyer, and heard about the extraordinary trauma that she had been going through apparent 30 said that her life had been turned upside down. he said there is no way should not be telling the truth because her story is consistent. he also commented on the fact that his client did not even know who dominique strauss-kahn was. the fact that he was head of the imf before the incident took place. >> there is speculation growing about whether dominique strauss- kahn will resign as head of the imf. have we heard from them yet? >> we heard a statement saying that they

armageddon well not exactly but this may be why the treasury department has employed what timothy geithner has labeled quote unquote extraordinary measures so that the government can pay its bills until august second these include borrowing from the civil service retirement and disability fund and suspending investment in the federal employees retirement system and short borrowing from peter to pay paul and here peter sounds a lot like your average worker but here to talk about the debt ceiling and what this all means is raj joshi he's founder and president of many think this much for being with us now you know i want to ask you as an investor there is a debate going on now that we see you know beyond politicians and with politicians that one side saying if the u.s. doesn't raise the debt ceiling and ben bernanke you would be in a camp that this would be catastrophic to the world financial markets but then you have others on the other side including investors including analysts including average american folk i've interviewed that say you know this is hyperbole and this is continuing to pe

geithner actually is sort of product gal talent.from point of view of some of the people i spoke to who worked for him. >> charlie: what kind of role did you play in the making of the film. >> i started as a consultant. this is hanson and gould's film. >> charlie: screen writer. >> they were the remarkably inclusive. to tell you i was surprised but also thrilled that they involved me snarms what would they say when you would say, well, this character was more like this than this? >> look, when peter was writing the script we would talk on sunday for hours and go over it. i would say, you know, i'm not sure that this is going to come off right. you know, if you're going to do this, you probably need to do this. if you're going to make this point you probably have to go here. i wouldn't say they agreed with everything i said but they definitely took it under consideration and then curtis was very kind. i met all these guys early on in the process and spent a little bit of time on the set and later when curtis was out in l.a., you know

yesterday, the headline said tim geithner emerges as obama's indispensable man. it is not to say? -- it is my pleasure and honor to welcome the secretary of the united states treasury, tim geithner. [applause] >> thank you. that was gracious. nice to see you. i admire so much what walter did. when my uncle was the director, i was studying at dartmouth college. my parents were still living overseas than. i remember sitting on the floor of this office for many hours, sometimes standing, waiting for him to give me a ride down. what a great cause you are engaged in, which is trying to increase -- improved deep debate on policy questions of our time. i want to talk about the question of how we deal with our fiscal challenges to explain why this is so important. what should be done? the politics and economics and a credible solution. i choose this subject because -- not because it is the only challenge that we face. with unemployment still around 9%, millions of americans still uncertain about their economic future, we face very a formidable economic challenges, but our ability to deal

geithner telling me that we had to raise the debt limit in the next 60 days. they've pushed the date and they've pushed the date back and pushed the date back. so i understand the doubts and the questions. but at some point, it's clear to me that we have to increase the debt ceiling. as we do, we're going to do it in a way that addresses america's long-term fiscal challenges. >> smith: the other concern that is out there is this is going to turn into another soap opera. high drama. you know, countdown clocks down to the last minute, as we just went through last month with extending the government's ability to pay for itself. can this get done in a way, to take the drama out of it, because the higher the drama, the less the credit markets are going to like it probably. >> i'm ready to cut the deal today. >> smith: (laughing) >> we don't have to wait until the 11th hour. but i am not going to walk away from this moment.

the village of bur>>> timothy geithner has bad news about the national debt. >> tim geithner warned the government will have to resort to extraordinary measures as the u.s. there's its debt limit. thanks to stronger than expected receipts, they extended the default to august 2, three weeks after the previous estimate. he said in a letter that congress should use that time >>> we investigate the impact of a local college website. some students have said they have their experience ruined. >>> the killing of osama bin laden is forcing a new york man to make a painful ttrip to the dmv. he is hoping the dmv will approve new plates which will read "got osama". >>> saw the tracking -- tracking some showers and storms. we will watch those and there are more coming. there will be moving in a 9:00 p.m. to midnight west from -- west to east. ofwhat will update you of those those severe. more about the chilly temperatures. >> we look forward to that. >> see you at 11:00 p.m.. have a good night. captioned by the national captioning institute --www.ncicap.org--

are the consequences as dire as secretary geithner warns? will the republicans blame republicans or democrats who wouldn't give them the cuts? what's going to happen? >> the public will blame everyone. i think first of all, the congress and that means democrats, republicans, and also the president of the united states, needs to go out as the secretary of the treasury has and explain what the consequences are. it's clear from looking at that poll, that people may be saying, debt ceiling, we don't want to pay more money not sure -- >> you're right about that. >> part of the burden of leadership is explain iing is explaining these things. when you look back at votes on the debt ceiling they're always political votes. go back to 2006 none other than president obama and his fellow democrats. >> voted not to do it. >> 2004, unanimously all house democrats voted against it, george bush was in power. if it doesn't get done and problems in the economy the american public will turn very quickly and blame all of the members of congress and the presiden

this morning tim geithner sounding the debt ceiling alarm.re going to hear more and ask rebecca jarvis if that's bad for the country when the government can't borrow any more money. >>> also last night oprah winfrey saw the biggest sendoff from the biggest a-list celebrities. chances are you'll recognize them, tom hanks, tom cruise, who famously jumped on the couch. she prepares to say good-bye to 25 years on daytime tv. >> jeff glor. the chicago bulls had to reschedule their game because of oprah. >>> another big step for congresswoman gabrielle giffords. doctors will replace a piece of her skull removed to relieve pressure after she was shot in january. a plastic insert will be placed maneuver, inspection of heat shield tiles before docking with the international space station. >>> a journalist who spent more than two weeks in custody and syria, dorothy parvaz is released. >>> the middle east was already changing rapidly before the raid that killed osama bin laden and now, though, president obama sees an opportunity here to perhaps redefine

its debt ceiling of fourteen point three trillion dollars but thanks to treasury secretary tim geithner's clever maneuvering we're going to be able to extend our deadline until august second of this year however geithner has warned in order for the deadline to be extended he had to implement several extraordinary measures to ensure that the u.s. doesn't default so what extraordinary measures might be asking well let's look at this way back on may sixth the treasury stopped giving out state and local governments series treasury securities the government is also going to start investing in the civil service retirement and disability fund which is going to twelve billion dollars the u.s. is also going to slow investment in the government securities investment fund for federal employees' retirement so that's going to free up another hundred thirty three hundred thirty billion dollars another option geithner is considering as having the treasury stop reinvesting its exchange stabilization fund in trade he said carries so that would be used to buy and sell foreign currencies that's going to fre

i think he's got to quit. >> yeah, geithner gave him a push. and you talk about smoke signals here. this is a situation where the u.s. is puffing all this smoke out this week. the u.s. is being very careful. they're keeping the powder dry. they don't want to say what they want explicitly. they're not playing the name game because there are a lot of names floating around of who the next person should be there. but tim geithner came out today and said in very coded language, we're open to a european or we've also been talking to the emerging market countries as well. that plays into this giant geoeconomic political battle royale over whether this is going toad to go to a european country or these emerging markets. >> what does it matter? >> it matters desperately to the emerging markets, the so-called brick nations, brazil, india, russia, china. these are countries that feel like they've been excluded from the mainstream of the global economy ever since world war ii when the u.s. basically sat at a table with a bunch of defeated and crippled european nations and set the rules of the g

back the loans which is what throws the whole thing up crashed it and then bush and paulson and geithner and bernanke frankly made it worse because they wouldn't consider what had worked for roosevelt and what had worked for reagan and what did work for so many other countries which is basically just taking over the banks and breaking up i think we need to do that now. it's time for our daily poll your chance to tell us what you think here is that is question is the time for president obama to do a recess appointment of elizabeth warren for consumer protection your choices are yes can't think of any reason not to or no let the republican war on bank customers continue so far one devoted yes you can log on to tom harkin dot com and let us know what you think the poll be open until. after the break our guest will explore why police are so often the bad boys in blue creating a sense of fear and distrust.

are the consequences as dire as secretary geithner warns? is the public going to blame republicans who voted no or democrats who wouldn't girlfriend them the cuts? what's going to happen? >> the public will blame everyone. i think first of all the congress, and that means democrats, republicans and also the president of the united states needs to go out there as the secretary of the treasury has and explain what the consequences are. it's very clear from looking at that poll that people may be saying debt ceiling, we don't want to pay more money -- they're not quite sure. >> you're right about that. >> part of the burden of leadership is explaining these things. but i would also say that this is really a test of leadership because when you look back at votes on the debt ceiling, they're always political votes. go back to 2006. none other than barack obama and his fellow senate democrats, 2004, unanimously, all house democrats voted against it. why? george bush was in power. so this again is another test. and if it doesn't get done and there

secretary of the treasury, timothy geithner. the imf will designate an interim head.his comes as more details about the 32-year-old that he is alleged -- the 32-year-old hotel maid that he is alleged to have assaulted sexually. her lawyer say she is traumatized. >> there is no way this event could be construed as consensual in any manner. this is nothing other than a physical sexual assault by this man on this young woman. >> i asked about the latest information about the case. and mcvet is right, a 32-year- old west african immigrant living in the bronx with -- >> that is right, a 32-year-old west african immigrant living in the bronx with her daughter. i asked someone who knew her about it and he said her life had been turned upside down. he said there would be no way she would not be telling the truth because her story is consistent. he also commented on the fact that his client did not even know who domenick stress, and was -- domenick -- dominique strauss-kahn was before the alleged attack. >> have we heard from the imf, an official word from them yet? >> they ar

washington's treasury secretary timothy geithner here is the high-profile figure to make his feelings clear. >> he's obviously not in a position to run the imf, and i think it's important that the board of the imf formally put in place for an interim period someone else. it's not the constitutional order of success but the leader. >> on the other hand lipski's temporary position won't please other finance ministers. some agree that strauss-kahn needs to go. she says the fact that he's being detained without bail could damage the imf. but others were refusing to speculate on strauss-kahn's guilt. any successor must be drawn from european ranks. this man thinks the u.s. has quite enough influence within the imf. >> i don't want to say nothing about the candidates. i repeat. i want to say something about the necessity for europe to maybe keep this position. >> it's not just the u.s. challenging europe's dominance of the imf. economists also want more of a say. china is calling for fairness, transparency of the funds' next managing director. >> it certainly does. all of the speculation wi

geithner also urged them to make domestic firms more competitive with foreign companies. >> hello and welcome back to your weather update. we're still keeping an eye on the northern philippines as our tropical storm system has moved away. big clouds actually finally moving away from the country so that at least is good news. it is now moving toward the north at about 20 kilometres an hour, so picking up its pace a bit more. heading northward, it should move quite a bit of that organization as it hits cooler waters. it is still expected to become a tropical depression by the overnight hours of wednesday or through wednesday. but it will still likely bring quite a bit of rain and rough sea conditions to the area here in okinawa islands. we'll need to keep a close eye on the system. rainwise, still a lot of precipitation impacting the philippines. so already hearing of a lot of flooding, landslides, and further flooding will continue to be a concern with all of that rain. taiwan too will receive some of that rain today, but it's not going to be lasting for too long. meanwhile, ahead of t

the treasury department on monday released a letter from timothy geithner saying that the government has reached the borrowing limit set by the legislature. the limit prohibits the government from issuing new bonds to secure funds. in an aim to free up borrowing capacity, geithner says he is suspending payments into two government pension funds in the short-term. he said he will use public servant pension money to compensate for the shortage until august 2. he warned congress that failure to raise the debt limit could bring catastrophic economic consequences. the republicans controlling the house of representatives say they will not agree to raise the ceiling unless the obama administration agrees to reduce the deficit via spending cuts. experts are concerned that confidence in u.s. government bonds may decline if the democrats and republicans cannot reach an agreement. moody's investors service has cut tepco's credit rating by two notches, citing uncertainty over the burden of compensating people affected by the utility's disaster stricken fukushima daiichi nuclear plant in northeas

without these moves, geithner says the country will hit its debt limit in two weeks. the bookkeeping measures allows the government to keep borrowing money until early august. nasdaq o.m.x. and the intercontinental exchange hope the third time's the charm when it comes to its bid for the n.y.s.e. nasdaq has taken its $11 billion offer directly to new york stock exchange shareholders. n.y.s.e.'s board twice rejected that offer in favor on one from germany's deutche bourse. >> susie: still ahead, warren buffett says he made mistakes in the david sokol episode. my interview with the oracle of omaha, coming up. >> tom: the death of osama bin laden after a decade-long manhunt strikes a strategic blow to al qaeda, so says the white house. that's just one way the events of the past 24 hours alter the world's national security landscape. it is also changes how the u.s. government thinks about and budgets for its security. darren gersh reports. >> reporter: even before an elite team of navy seals attacked this fortress-like compound in pakistan, the u.s. defense establishment

then we will hear from treasury secretary geithner and r, and later, a hearing on will and gas legislation. >> history as you know is much more than just politics and soldiers. it is also medicine, science, and art, and music, and theater and poetry and ideas, and we should not love things into categories. it is all part of the same thing. harriet beecher stowe, thomas edison, henry adams, said tonight on q&a, on americans that may the journey to 19th century paris. tonight on c-span. >> general james jones said the u.s. strategic relationship with pakistan is changing, following the death of osama bin laden. general jones testified at the senate foreign relations committee. this hearing is two hours. >> this hearing will come to order. i apologize for being a little late. today we continue the series of hearings which we are engaged in, the fourth, actually, with respect to afghanistan and pakistan. and having just returned from the region, i would simply convey to everybody that at every stop and at every conversation, everybody has a sense that how -- has a sense of how critical this is

[applause] >> secretary clinton and secretary geithner. we are gathered today for the third round of the dialogue. on behalf of the chinese population, i would like to express sincere concerns that are important. and i am asked and the state capital to convey to president obama and vice president biden and secretary clinton and all of those who work on the u.s. side. we highly appreciate the role of those and housing strategic and mutual trusts and strengthening two countrys on all levels. he hopes that both the chinese and u.s. side will make the most of the dialogue to have indepth exchange of views of ways to further have mutual trust and deepen practicical relations. he looks forward to the agreement he reached with president obama and the advancement of the china partnership based on mutual respect and benefit. dear colleagues, last january president paid a visit to the united states, it was a historic have the that achieved great success. with vision and foresight, the two presidents opened a page of relations. and over the past 22 y

now i would like to invite secretary geithner to address you. [applause] [inaudible conversations] >> i want to start by joining secretary clinton and my u.s. colleagues in welcoming the chinese delegation, vice premier wang and counselor dai, it's good to see you in washington. when the strategic and economic dialogue first met in washington two years ago, president obama said the united states and china share a mutual interest. if we advance those interests through cooperation, our people will benefit, and the world will be better off. because our ability to partner with each other is a prerequisite for progress on many be of the most pressing global challenges. now, we have worked carefully and deliberately sin then to demonstrate that -- since then to demonstrate that basic truth. and our economies are stronger today because of the commitment of president obama and president hu the deepen our economic relationship even as we each confront significant economic challenges at home. i want to compliment vice premier wang for his leadership in th

and secretary geithner and i signed a u.s.-china comprehensive framework promoting strong sustainable economic growth. and the two countries will carry out expanded closer and more extensive economic cooperation. we agree that in today's extremely complex economic environment, our two nations should further step up macroeconomic policy coordination and the communication and contribute to steady and economic sound in both countries. we discussed the implications of u.s. the crisis and the nuclear endeavor triggered by the japan earthquake, the turbulence in the middle east for the global economy. we highlight the international community issued and work together to ensure strong and world economic recovery to effectively have a reform of global economic structure, to gradually build a fair and reasonable international economic order. the two sides agree that in the transformation of our respective gross models and the economic restructuring, we will use respective strength and expanded cooperation and how the structure programs

of three hundred sixty degrees of fraud they don't see that there is a currency manipulator tim geithner you're the currency manipulator maxes central banks around the world i would disagree that if anyone unique when i'm we're in disagreement on that one because china's m two. is that fifteen point three percent in april alone so they're doing a darn good job printing money and in response to this limit down regulators expanded the range in which gasoline and oil futures control. but again they're they're appeasing the speculators going back to the year two thousand in the commodity futures modernization act when they remove position limits which are there for a good reason to prevent any one bank from dominating the entire market in manipulating prices but they're a move that piece of the regulation and every time now that the markets get out of control they simply remove all manner of regulation or framework or any any way to buffer the rampant manipulation so the response of regulators should be to regulate not to in continuously deregulate well but it's also not a free market pay ha

hikes that we see well shanghai also joined in a member you seem to differentiate you think tim geithner and ben bernanke you are somehow more powerful and uniquely corrupt than the rest of the world but if you look at china they're doing the same thing money supply a fifteen point two percent in one month alone and then we see this headline shanghai and third silver margin hike in month right and what what's happening is things you have heard is that the margin it's going to go up to one hundred percent which means that you've got people owning the precious metal for one hundred percent cash which is the same as having a gold or silver standard so the c.m.e. in trying to dissuade people from precious metals by raising the marginal rate is actually creating a de facto global precious metal standard that's why i say there is the alternative you talk to me about the price of silver but i say to you there is no alternative paper is complete nonsense there is. i think this is the second amendment issue because you talk about all those guns behind me in connecticut but i think this is the sec

timothy geithner and they demanded they spend the money to be don't have and the american people are the ones. we will pay this money want to use they want to use the effect that they want to be ever was if we don't. but again we don't know how to the. three years after. my. recovery about. the reporting with. them what do you think is the alternative let the united states hit that debt ceiling default and not be able to fund its activities with countries like china losing all faith to get paid back. well you know i think china are you know that you know not even two weeks ago or they decided they were going to take a two thirds of the dollar to do that and get rid of that they understand that. you know depending that we can to keep our own body i can pay for them or a program or completely nothing more than a way just because they borrow the money to pay for it doesn't need was a nickel and i love that they you know if you look at. all period i call that a ninety eight trillion dollars adjusted for today's dollars with the debt limit and that'll get one point eight trillion if you b

debt, treasury secretary timothy geithner has given lawmakers more time to negotiate.a letter to congress monday, he extended the default deadline from may 16 to august 2. exiting today's budget session, biden told reporters progress had been made. the bipartisan team will meet again next tuesday. lori montgomery is covering the story for the "washington post" and joins us now. lori, what was the headline coming out of today's meeting? >> i think the headline was that these guys are coming into the room prepared to work together. i mean, there's been a lot--. >> sreenivasan: that is a headline, isn't it? we don't hear that too often. >> we don't hear that too often, and we have had partisanship sniping over the. ing resolution that keeps the government running through the year, relatively small potatoes. but now these guys are come both room to do the big stuff, to talk about big changes over the next 10 years, to actually bring down borrowing, and certainly you hear a very different tone, people talking about finding common ground, leaving the big issues for later. >>

it's a farce it's a sideshow and it really should at what price i'm so curious you know timothy geithner is going to meet with chinese officials on monday needs to ask them to let their currency raise an increase allowing the dollar to it would essentially lower the value of the dollar and make us tax sports and u.s. trade more competitive how insulting is it to ask chinese officials to do to something ok can still continue to do it's been a hot topic for a while when chinese officials who are the largest creditor to the united states they don't even have complete confidence that the united states is going to raise the debt ceiling well the chinese they really have to worry about their own problems the reality is is that you know if the chinese have paid their currency at a specific rate to the u.s. dollar in order to export to the u.s. the u.s. community then they're going to have to receive dollars in return for that their current account surplus is a definite you know result of their having a very low currency you know until recently the u.s. dollar was falling so if the chinese don't

but geithner says he will run out of options in early august. many believe they must act by then.rs will be watching every step of the way. creditors like china, that holds more than $1 trillion worth of u.s. treasuries. and japan. over the years, the u.s. has been forced to raise the debt ceiling 74 times since 1962, to pay for tax cuts, foreign wars and other spending increases. in fiscal year 2000, the debt has tripped since. not defaulting on debt would trigger a spike in borrowing rates and the confidence in the u.s. government to honor obligations. a high-stakes game is under way. and the debt clock is ticking. >> the deadline is closing in on bp today, as it tries to salvage its oil ambitions in the arctic sea north of russia. we'll be live in moscow. >>> and examining the potential foulout from the arrest of head, dominick strauss-khan. from my worst allergy symptoms. so lily and i are back on the road again. with zyrtec® i can love the air®. glowing. -smooth. -flawless. [ female announcer ] it's more than just one thing. now aveeno brings all five factors of radiance toge

timothy geithner is expected to temporarily dip into funds from the federal retirees program to keephe government going. if congress does not vote to raise the debt limit by august 2nd, geithner says the government will likely default on some of the obligations. that would cost enormous economic harm and suspension of government services. >> sony says the playstation network should be restored by tomorrow. network has been down since april 22 when was attacked by hackers. they exposed user information of the hundred million customers. operations will initially limited to certain services. they believe credit card information was not breached but they can't be absolutely sure. >> eric: tens of thousands of victims in japan are about to get much needed help. how one company and millions of volunteers are proving a japanese legend by turning it into clothes. >> right now these fill the stockroom in milpitas. a company called cranes for kids. they would make them at home and send them in. the company would donate money to the victims in japan for each crane received. they got far more th

one of the reasons is treasury geithner has the power to decide. even if they are not to raise the debt ceiling and be done with selling assets and everything, it has the power to prioritize first pay the interest on the debt and the principle that has come due. second, pay for social security, medicare, medicaid, and these checks will be going out. they should not be -- i actually think this country will come through for the people who really need it first. host: joe gagnon, to the people part of this -- savings -- the worry and that person pa's voice. what do you say to the average person? guest: i agree with veronique, that this person should not be worried personally. host: marietta, florida. joe, good morning. republican line. caller: the public, the constituency always has comments and questions, but we never really hear from the people who influence the senate and the congress, the lobbyists. i know the shows on tv and radio are trying to get somewhere, but it does not seem that the public has ever heard. host: richmond, texas, richard on th

secretary geithner and 63 clinton for all the work you've done for the successful economic dialogue. thank you. >> translator: it's a great pleasure to meet with you. china u.s. strategic and economic dialogue have continued for each and every round we invite friends from the media to come here to join a successful conclusion so i would like to thank you. with a lot of dialogue both held as president hu jintao earlier this year we agree to build the partnership based on the respect and mutual benefit. i want to tell you the following. first, on the strategic track, secretary clinton and i focused on the agreement of the two leaders and exchanged views on how to deal with china u.s. cooperative partnership based on the mutual respect and the mutual benefit that we had in the practical exchange of views. >> our dialogue covered many issues including china's u.s. bilateral relations, major issues, international and regionally, and we had a group conversation. we agreed that we must act in accordance with the chinese u.s. joint statement to increase the strategic mutual trust and post ex

>> treasury secretary tim geithner said he is suspended investments into federal retirement funds sogovernment can continue to borrow money to pate bills that congress has already signed. >> jon: i'm going to rip that (bleep) soundtrack out of that network. basically the way we've avoided the debt problem is we're taking the money out of old people's pensions. so even if saturday armageddon guy is wrong, he's still (bleep). we'll be ri [cheers and applause] >> jon: my guest tonight the professionor of history at the university of pennsylvania. his book "plain, honest men: the making of american constitution is out in paperback. please welcome back to the program richard beman. [cheers and applause] -- richard beeman. [cheers and applause] thank you so much for joining us again. we're delighted. let me explain to you why you are here. you are an accredited historian, a constitutional scholar. am i correct, sir, in saying that? >> i hope so. >> jon: yes. you've written how many books, seven? >> seven, yes. >> jon: seven books. i had this fellow on the program a couple weeks ago. his na

treasury secretary timothy geithner has added his voice to growing calls for dominique strauss-kahn's resignation. emerging economies like brazil are pushing for a say on who becomes the new head. >> the european central bank is taking a hard-line stance on agrees, saying that the restructuring of its debt is not an option. some restructuring may be required. raese will have to redouble its reform efforts if it wants to get its finances in order. greece is struggling to meet targets. >> with no end to greece's debt woes, students in athens are becoming increasingly concerned about the future. at the economic forum in brussels, experts admitted for the first time that raese may have to restructure its debt. -- that greece may have to restructure its debt. >> if they do not get back on course and run in line with the original plans a time soon, i do not think we can wait until 2013 to act like many in politics are thinking. >> and europe's political leaders are slowly coming around to the idea. crescive stability cannot be confirmed, -- >> if stability cannot be confirmed, private secto