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Feb 27, 2013
02/13
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lew. my objections arise primarily and first from his performance as director of the office of management and budget. it is in many ways a key position in our government. that is the office through which the president controls all the departments and agencies of our government, which he is required to supervise. normally, and necessarily, the o.m.b. director is a single office that drives efficiency and demands accountable on behalf of the president and the american people throughout our great bureaucracy. in that aspect of his job, i've seen little leadership, and at this time of surging debt i would rate that performance as an f. i have never seen a consistent, determined, effort from the director of office of office of management and budget to make more productive this government of ours. indeed, his primary it effort consistently seems to have been to defend any program under attack, scrutiny, or question, rather than examining vigorously to save every single dollar that can be saved f
lew. my objections arise primarily and first from his performance as director of the office of management and budget. it is in many ways a key position in our government. that is the office through which the president controls all the departments and agencies of our government, which he is required to supervise. normally, and necessarily, the o.m.b. director is a single office that drives efficiency and demands accountable on behalf of the president and the american people throughout our great...
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Feb 28, 2013
02/13
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lew.mr. lew promised the president if confirmed he will work to make at least one letter legible in order to not face america's currency and we will hold them to that promise. in addition to the signature of america's secretary-treasurer the front of every u.s. dollar bill has the seal of the united states treasury. look closely. you will see the symbols of balancing skills to represent justice. there is a chevron and 13 stars which represent the 13 original colonies and underneath the emblem is a key which notes treasuries of official authority. if confirmed, we will be entrusting mr. lew with the authority to oversee america's financial system and economic policy. he will play a critical role in the upcoming debates on spending priorities. we will be relying on him to ensure government and finances are sound. we will be asking him to work with us to return stability and confidencconfidenc e to our economy. we will be asking him to work with us to ensure the united states remains a great
lew.mr. lew promised the president if confirmed he will work to make at least one letter legible in order to not face america's currency and we will hold them to that promise. in addition to the signature of america's secretary-treasurer the front of every u.s. dollar bill has the seal of the united states treasury. look closely. you will see the symbols of balancing skills to represent justice. there is a chevron and 13 stars which represent the 13 original colonies and underneath the emblem...
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Feb 27, 2013
02/13
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lew will live up to. madam president, 224 years ago, this body, the united states senate, approved the first cabinet position for this young nation when they unanimously approved alexander hamilton to be the first secretary of the treasury. i ask my colleagues to confirm mr. lew today to th as the natis 76th treasury secretary, so he can get to work and help strengthen our commitment of thank you, madam president. i yield the floor. the presiding officer: the nuclear from utah. mr. hatch: madam president, i rise to speak about the nomination of mr. jacob lew lou to be secretary of the treasury. with our growing economy, the next treasury secretary will going to have a lot on his plate. we've worked on the finance committee to vet mr. lew, to examine his background and cree exdids, and provide a complete picture of his qualifications for this post. i would like to offer a few comments about our review process, what we learned and ane reservations about the nominee that remain with me now that this process
lew will live up to. madam president, 224 years ago, this body, the united states senate, approved the first cabinet position for this young nation when they unanimously approved alexander hamilton to be the first secretary of the treasury. i ask my colleagues to confirm mr. lew today to th as the natis 76th treasury secretary, so he can get to work and help strengthen our commitment of thank you, madam president. i yield the floor. the presiding officer: the nuclear from utah. mr. hatch: madam...
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Feb 14, 2013
02/13
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lew.or this very important job. >> reporter: the white house declined our request for an interview with lew, and by all indications the president will get his wish and he will sail through confirmation. >> i've practiced law, i've worked at a university, i've worked at a financial institution. i think if i hadn't had a set of experiences like that, i wouldn't be sitting here today speaking with confidence that i could undertake the responsibilities of secretary of the treasury. >> it should be noted that not only did the treasury department fully recover the $45 billion it invested in citi, it made an additional return of more than $13 billion. >>> next up, the role that almost wasn't. how sally field fought for the role of mary todd lincoln and earned a shot at oscar number three. and earned a shot at oscar number three. when she's sad, she writes about goblins. [ balloon pops, goblin growling ] she wrote a lot about goblins after getting burned in the market. but she found someone to tal
lew.or this very important job. >> reporter: the white house declined our request for an interview with lew, and by all indications the president will get his wish and he will sail through confirmation. >> i've practiced law, i've worked at a university, i've worked at a financial institution. i think if i hadn't had a set of experiences like that, i wouldn't be sitting here today speaking with confidence that i could undertake the responsibilities of secretary of the treasury....
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Feb 13, 2013
02/13
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the lew testimony will begin momentarily.e house, john boehner, with his own presser today, in the wake of the state of the union last night. we'll take a brief listen in to that. >> the president laid out no blame to the sequester. republicans have twice passed bills to replace the sequester. it is incumbent on the president and senate democrats to show us their plan to stop the sequester from going into effect. >> house republicans this year are going to be about making life for -- >> there's eric cantor as well as headlines as a result of that presser. in the meantime, joining us with perspective on the democratic agenda, florida congresswoman and dnc chair debbie wasserman schultz joins us on the set. thank you for being here. >> thank you for having me. >> we talked about the big efforts he's trying to couple cities with manufacturing, trying to bring jobs back to people and the cities that have lost them. i just wonder what was new about last night? >> i was really proud of the president's speech, because it highlighted
the lew testimony will begin momentarily.e house, john boehner, with his own presser today, in the wake of the state of the union last night. we'll take a brief listen in to that. >> the president laid out no blame to the sequester. republicans have twice passed bills to replace the sequester. it is incumbent on the president and senate democrats to show us their plan to stop the sequester from going into effect. >> house republicans this year are going to be about making life for...
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Feb 3, 2013
02/13
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FOXNEWSW
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let's get to jack lew?e the most interesting job in early 2008 he takes the helm of alternative is investments that ran hedge funds and exotic balance vehicles. it was basically a unit if it wasn't the inspiration for the volcker rule that wanted to stop banks from gambling with taxpayer's money. >> paul: the defense of him would be he came on in 2008 and all the bad decisions had already been made. you can't blame jack lew for other bankers did? >> he is now setting himself up. he is now --. >> paul: is that a fair point in his defense? >> it is fair because a lot of bad bets were already made. whether they could have made some different decisions starting in early 2008, possibly, but i think the key issue for them, his job as secretary of treasury would basically be in charge of spotting risks in the financial marketplace. he is running something called the financial stability oversight council. this is deeming certain companies and identifying risks. was he able to identify any risks at citigroup? >> pau
let's get to jack lew?e the most interesting job in early 2008 he takes the helm of alternative is investments that ran hedge funds and exotic balance vehicles. it was basically a unit if it wasn't the inspiration for the volcker rule that wanted to stop banks from gambling with taxpayer's money. >> paul: the defense of him would be he came on in 2008 and all the bad decisions had already been made. you can't blame jack lew for other bankers did? >> he is now setting himself up. he...
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Feb 13, 2013
02/13
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jack lew to be the next treasury secretary.e has talked about his bank account in the cayman islands, he has addressed this tenure at citigroup. rich@is following it very closely. rich will join us a little bit later on this hour. dagen: it is now time to make money with charles payne. charles: monster energy drinks. there are a lot of allegations. people are dying and hospitalized. it has had a serious impact. the margins were under a little bit of pressure. relatively great evaluation. acting great today. dagen: i have one thing, though, the fda increasingly looks very eager to regulate the energy drink business. if that happens, even years from now, what will the impact be? charles: it depends on what the impact and regulation will be. this stock goes significantly higher, i think it takes off. i am looking for a trade. it is at a downtrend. a close above 50 would be a bicycle. dagen: thank you. i am not saying how many energy drinks i have had in one day. connell: today, for example. dagen: not today. my most consumed in a
jack lew to be the next treasury secretary.e has talked about his bank account in the cayman islands, he has addressed this tenure at citigroup. rich@is following it very closely. rich will join us a little bit later on this hour. dagen: it is now time to make money with charles payne. charles: monster energy drinks. there are a lot of allegations. people are dying and hospitalized. it has had a serious impact. the margins were under a little bit of pressure. relatively great evaluation. acting...
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Feb 16, 2013
02/13
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FOXNEWSW
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when we come back, jack lew's cayman island investment. president obama once called it a notorious tax scam and mitt romney paid a political price for his accounts there. but will jack lew? ♪ [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums >> jack lew, president obama's pick for treasury secretary faced questions on capitol hill this week about his tenure as a top executive at citigroup, the too big to fail bank that received a 45 million dollar taxpayer bailout. members of the finance committee pressed the former white house chief of staff about an almost 1 million dollar bonus he took home from citi in early 2005. as well as his investment in a venture capital fund registered in the cayman islands. >> why is the investment in the cayman islands? >> senator, i actually don't know why it was organized. i was not involved in setting up the fund. >> did you pay taxes on
when we come back, jack lew's cayman island investment. president obama once called it a notorious tax scam and mitt romney paid a political price for his accounts there. but will jack lew? ♪ [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums >> jack lew, president obama's pick for treasury secretary faced questions...
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Feb 17, 2013
02/13
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FOXNEWSW
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but will jack lew? [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort ... individualized. right now, queen mattresses start at just $599 . and save 50% on our limited edition bed-plus special offers through monday. >> jack lew, president obama's pick for treasury secretary faced questions on capitol hill this week about his tenure as a top executive at citigroup, the too big to fail bank that received a 45 million dollar taxpayer bailout. members of the finance comm
but will jack lew? [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs...
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Feb 14, 2013
02/13
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lew appreciates it. thank you. ok, mr. lew. our usual practice is that statements will be submitted for the record. to summarize -- if you want to speak longer than five minutes, take your time. this is an important decision. >> thank you, mr. chairman and members of the committee should it is a privilege to be considered by this committee as the nominee to be treasury of the sect -- secretary of the treasury. thank you for the kind introductions. it has been my great fortune to work with them over many years. i'm honored that they were here this morning. i'm thankful to my family and my wife and my daughter who are here today. my son and my grandchildren. my public life divides -- demands much from the family. i appreciate the sacrifice and the missed family time. while my parents are only with me in spirit, i sit here because they instilled in me lasting values and the commitment to serve our country. .'m grateful to president obama it has been honored to serve and his cabinet and as his chief of staff. i'm humbled by his fai
lew appreciates it. thank you. ok, mr. lew. our usual practice is that statements will be submitted for the record. to summarize -- if you want to speak longer than five minutes, take your time. this is an important decision. >> thank you, mr. chairman and members of the committee should it is a privilege to be considered by this committee as the nominee to be treasury of the sect -- secretary of the treasury. thank you for the kind introductions. it has been my great fortune to work with...
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Feb 14, 2013
02/13
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yesterday, during a confirmation hearingm lew was questioned by lawmakers. lew addressed the upcoming sequestration cuts set for march 1st, and said tax reforms should be at the top of the agenda for capitol hill. the q&a also focused on lew's role at citigroup, where he served as chief operating officer before leaving in 2008. when asked about receiving a million- dollar bonus, lew had this to say: "senator, in 2008 i was an employee in the private sector. i was compensated in a manner consistent with other people who did the kind of work i did in the industry, and i was compensated for my work. i'll leave that for others to judge." a vote on lew's confirmation is expected toward the end of the month. the u.s. postmaster general is now pleading with congress to take steps that will stablize the struggling postal service. "we need your help to pass legislation that allows for more revenue generation and efficient, effective cost control and fundamental changes to our business model." u.s. postmaster general patrick donahoe made that argument at a hearing wed
yesterday, during a confirmation hearingm lew was questioned by lawmakers. lew addressed the upcoming sequestration cuts set for march 1st, and said tax reforms should be at the top of the agenda for capitol hill. the q&a also focused on lew's role at citigroup, where he served as chief operating officer before leaving in 2008. when asked about receiving a million- dollar bonus, lew had this to say: "senator, in 2008 i was an employee in the private sector. i was compensated in a...
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Feb 26, 2013
02/13
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today's "wall street journal" questions the big bonus citi paid lew.s a lot like revolving door crony capitalism. that's right. back with us now is mike ozanian, steve mcmahon, and kay bailey hutchison. mike, i don't know this guy. i don't know. i don't know why nyu had to give him a special severance payment. he left voluntarily. i don't know why citigroup had to give him a bonus. he went to the federal government. the stipulation was if you go work for the federal government, we will guarantee you a bonus. not if you go work for the red cross or a non-profit. this sounds to me like crony capitalism revolving door. >> you know what? i have so much respect for tim geithner, that to me this seems like such a downgrade. it's very disturbing to me. it bothers me even more than the nomination of chuck hagel. it just seems like the president is totally disengaged. no one vetted this guy. it's just crony capitalism, as you said. and the president spoke so vehemently for so long that this was something he was going to put a stop to. >> that's a key point. he
today's "wall street journal" questions the big bonus citi paid lew.s a lot like revolving door crony capitalism. that's right. back with us now is mike ozanian, steve mcmahon, and kay bailey hutchison. mike, i don't know this guy. i don't know. i don't know why nyu had to give him a special severance payment. he left voluntarily. i don't know why citigroup had to give him a bonus. he went to the federal government. the stipulation was if you go work for the federal government, we...
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Feb 27, 2013
02/13
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lew was saying. so i ask my colleagues to consider this, and i ask them not to reward the fern who participated so calculatedly in a plan to misrepresent the financial condition of america to cause the american people to believe we have some sort of plan that had the country on a sound path when we remain to this day on an unsustainable path that endangers working americans. i thank the chair would yield the floor. a senator: mr. president? the presiding officer: the senator from maryland. mr. cardin: i would yield back all remaining time and ask for the yeas and nays. the presiding officer: is there a sufficient second? there appears to be. there is a sufficient second. the clerk will call the roll. vote: vote: vote: the presiding officer: are there any senators in the chamber wishing to vote or change their vote? if not 9 yeas are 71, the nays are 26. the nomination is agreed to. mr. reid: mr. president? the presiding officer: the majority leader. under the previous order the motion to reconsider i
lew was saying. so i ask my colleagues to consider this, and i ask them not to reward the fern who participated so calculatedly in a plan to misrepresent the financial condition of america to cause the american people to believe we have some sort of plan that had the country on a sound path when we remain to this day on an unsustainable path that endangers working americans. i thank the chair would yield the floor. a senator: mr. president? the presiding officer: the senator from maryland. mr....
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Feb 13, 2013
02/13
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FBC
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rich: lew says it should be reformed. he talked about a minimum worldwide tax rate but didn't get specific on that. also says and comes to clearing out tax deductions, the federal government and congress must consider what business tax investments in with business tax loopholes can be closed but don't necessarily give an advantage to companies for coming here. basically said oil and gas is an example of that because oil and gas companies will not move overseas because the resources underneath u.s. soil. back to you. melissa: rich edson, as always, thanks. u.s. postal service has wrapped up with a record loss of over 15 early in dollars. for 2012. no more saturday mail, what more can the postal service d due to save themselves? in washington now with the committee findings. what did they say? >> melissa, the postmaster general made a strong case for himself begging congress to untie his hands, allow him to make the post service more competitive and says major changes aren't made by congress, taxpayers may have to pick up a
rich: lew says it should be reformed. he talked about a minimum worldwide tax rate but didn't get specific on that. also says and comes to clearing out tax deductions, the federal government and congress must consider what business tax investments in with business tax loopholes can be closed but don't necessarily give an advantage to companies for coming here. basically said oil and gas is an example of that because oil and gas companies will not move overseas because the resources underneath...
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Feb 14, 2013
02/13
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lou: quite a statement from jack lew.alone economists will be going through that one for awhole. the president renewing his calls for immigration reform during the state of the union address. the department of homeland security today add mything, however, it has not kept track of illegal immigrants dependent on welfare after beginning entry. dhs was responding to an august request from four republican senators, and they admitted they initiated -- they being dhs, initiated one case against an illegal imgrant on welfare last year, but it was later dropped making it 11 years without pursuing a case. there was a letter released on immigration reform today. fox news correspondent has our report, doug? >> that's right, lou. today's hearing on immigration reform was the first such comprehensive hearing since a bipartisan group of senators for republicans and for democrats reported progress in crafting comprehensive immigration reform. that package is gaining broad support and not a moment too soon. there was an earlful from pane
lou: quite a statement from jack lew.alone economists will be going through that one for awhole. the president renewing his calls for immigration reform during the state of the union address. the department of homeland security today add mything, however, it has not kept track of illegal immigrants dependent on welfare after beginning entry. dhs was responding to an august request from four republican senators, and they admitted they initiated -- they being dhs, initiated one case against an...
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Feb 13, 2013
02/13
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can expect the committee will move jack lew.e'll soon be in office as the treasury secretary, maria. >> john harwood with the latest there. we've -- >> heading towards the close. >> heading to the close. 15 markets left. this market has been steady for the last hour or so with the decline of 55 point. >> the question is the individual investor back in this market. >> when we come back the ceo of put number investments will be joining us and are we heading for a correct of some kind? >> and we'll also hear from cisco ceo john chambers moments after the numbers are out and we'll speak with the analysts. [ laughs ] now this is a test drive. whoa! you really feel all 335 foot-pounds of torque. it's chevy truck month! silverado was also recognized for the lowest cost of ownership. hey, what are you gonna do with it? end table. oh. [ male announcer ] it's chevy truck month. now get 0% financing for 60 months, plus trade up to get $1,750 total allowance on a silverado all-star edition. or trade up and choose customer cash plus option p
can expect the committee will move jack lew.e'll soon be in office as the treasury secretary, maria. >> john harwood with the latest there. we've -- >> heading towards the close. >> heading to the close. 15 markets left. this market has been steady for the last hour or so with the decline of 55 point. >> the question is the individual investor back in this market. >> when we come back the ceo of put number investments will be joining us and are we heading for a...
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Feb 13, 2013
02/13
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FBC
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lew did quite well today. thank you very much, rich. adam shapiro on ebook world and how competitive it is. >>> barnes & noble say the nook losses liz in 2013 will be greater than the losses in fiscal 2012. they say nook revenue in fiscal 2013 will be less than they expected. of course they had the announcement not too long ago they will be closing stores nationwide. more bad news for barnes & noble. >> we need our bookstores. thank you, adam. >>> he left the rest of the competition barking mad. we'll tell but the 5-year-old dog that took the westminster show by storm. guess what? he speaks four languages. ashley: that's impressive. ♪ ( man ) legs up ! ( man ) legs up ? legs up, legs up, legs up ! red hot deal days are back. let nothing stop you. good job ! it red hot deal days. get the nokia lumia 822 in red for free and discover all the things to do on the go with city lens. or the droid razr m by motorola in pink for $49.99. everything droid does in an edge-to-edge display. hurry in, because the sale ends f
lew did quite well today. thank you very much, rich. adam shapiro on ebook world and how competitive it is. >>> barnes & noble say the nook losses liz in 2013 will be greater than the losses in fiscal 2012. they say nook revenue in fiscal 2013 will be less than they expected. of course they had the announcement not too long ago they will be closing stores nationwide. more bad news for barnes & noble. >> we need our bookstores. thank you, adam. >>> he left the...
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Feb 14, 2013
02/13
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KCSMMHZ
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lew spoke to senators on wednesday. he's seeking their approval for his appointment to obama's second-term cabinet. lew said he's resolved to reduce the nation's huge budget deficit. he asked both democrats and republicans to work together to avoid automatic spending cut march on defense and other programs. >> we must put our nation back on a path of fiscal sustainability. we cannot allow the series of harmful automatic spending cuts known as the sequester to go into effect. these cuts would impose self-inflicted wounds to the recovery and will put far too many jobs and businesses at risk. >> lew also responded to concerns the yen's rapid decline might encourage governments to lower the value of their currencies to boost domestic exports. >> the treasury has had a long-standing position through administrations of both parties over many years that a strong dollar is in the best interest of promoting u.s. growth, productivity, and competitiveness. if confirmed i would not change that policy. >> and as for markets, u.s. st
lew spoke to senators on wednesday. he's seeking their approval for his appointment to obama's second-term cabinet. lew said he's resolved to reduce the nation's huge budget deficit. he asked both democrats and republicans to work together to avoid automatic spending cut march on defense and other programs. >> we must put our nation back on a path of fiscal sustainability. we cannot allow the series of harmful automatic spending cuts known as the sequester to go into effect. these cuts...
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Feb 14, 2013
02/13
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KQED
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on capitol hill today, jack lew, president obama's nominee for treasury secretary, urged lawmakers to avoid the sequester from kicking in. he said those steep automatic spending cuts set to take effect in just two weeks, could be damaging to the economy. during his confirmation hearing at the senate finance committee today, lew said those cuts, coming march first would impose quote self-inflicted wounds on economic expansion. some senators were more interested in investments lew made in the cayman islands while working at citigroup, several years ago. >> i was not involved in setting up the fund. >> did you know at the time it was cayman? >> at the time i invested, i was aware that it was an international fund investing in emerging markets. i knew that much of the personnel was based in london. i actually didn't know at the time what the address of the partnership was. >> susie: lew said he received no tax benefit on that investment, and sold it at a loss. despite the tough questions, it is expected lew will win senate backing. >> susie: americans barely increased their spending last
on capitol hill today, jack lew, president obama's nominee for treasury secretary, urged lawmakers to avoid the sequester from kicking in. he said those steep automatic spending cuts set to take effect in just two weeks, could be damaging to the economy. during his confirmation hearing at the senate finance committee today, lew said those cuts, coming march first would impose quote self-inflicted wounds on economic expansion. some senators were more interested in investments lew made in the...
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Feb 15, 2013
02/13
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CNBC
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unfortunately, jack lew is being hoisted on barack obama's class warfare pi tard. we'll talk about that a little later in the show. please stay with us. s. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> it looks like the cruise from hell is about to end for the 4,200 people aboard the carnival "triumph." it should make land in a few more hours but this will not be the end of the story for the company. we have a live report on this still developing story in just a few minutes. please stay with us. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero he
unfortunately, jack lew is being hoisted on barack obama's class warfare pi tard. we'll talk about that a little later in the show. please stay with us. s. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> it looks...
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Feb 13, 2013
02/13
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FOXNEWS
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jack lew began his confirmation adventure today.s the president's pick to be the new treasury secretary. but questions persist about his old job. and his role during the night of the terror attack against the u.s. mission in libya last september. >> i did speak with the president that evening. national security staff worked on the issue on nonstop basis. >> who was briefing the president? were you? >> i was in the room when the president was briefed but i was not briefing the president. >> john brennan testified yesterday it wasn't him. secretary panetta said it wasn't him. in hearings, the odni clapper said it wasn't him. morrell said it wasn't him. we have eliminated a lot of people who had contact within the intelligence community that knew firsthand-hand what was going on in benghazi. who briefed the president on what was happening in the seven-hour period? >> in the conversations i was in. the national security staff was present. some of the people -- >> would brennan have been included that? >> you are asking who did a briefin
jack lew began his confirmation adventure today.s the president's pick to be the new treasury secretary. but questions persist about his old job. and his role during the night of the terror attack against the u.s. mission in libya last september. >> i did speak with the president that evening. national security staff worked on the issue on nonstop basis. >> who was briefing the president? were you? >> i was in the room when the president was briefed but i was not briefing the...
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Feb 26, 2013
02/13
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KICU
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if confirmed, jack lew replaces tim geithner. italy's elections for prime minister contributed to market moves in the u.s. the stock market was shaken by yesterday's news from italy that italian democratic leader pier luigi bersani shot ahead in exit polls. bersani's party opposes austerity measures, which brought fear back into the minds of u.s. investors, many concerned that italy's current debt load poses a threat to the eurozone and global economy. bersani is the secretary of the democratic party of italy. italy's outgoing prime minister, mario monti, accounted for just around 10% of the vote. "bp was blinded by greed" and the castrophe was preventable. that's what attorneys figthing against the company had to say opening their remarks in the bp trial. bp attorneys contend multiple parties are responsible. the oil giant is on trial for thde explosion in the gulf of mexico back on april of 2010. 11 workers were killed and oil gushed into into the ocean for 3 months. behind the scenes, the department of jusitice reportedly has
if confirmed, jack lew replaces tim geithner. italy's elections for prime minister contributed to market moves in the u.s. the stock market was shaken by yesterday's news from italy that italian democratic leader pier luigi bersani shot ahead in exit polls. bersani's party opposes austerity measures, which brought fear back into the minds of u.s. investors, many concerned that italy's current debt load poses a threat to the eurozone and global economy. bersani is the secretary of the democratic...
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lew is expected to eventually win confirmation. we're going to be speaking to veteran senate finance committee member charles grassley coming up at 8:00 eastern time. yes, the situation with cayman island accounts could make for an interesting debate today. >> max bachus back in 2008 said that this ugland house that has a lot to do with tax evasion which we know is a felony. but then yesterday -- >> we've had treasury secretaries that haven't paid their taxes before. >> that's not -- that's not a disqualifying -- >> geithner's gone -- >> it's better than average. you don't have to be perfect. >> look, you can go to the cayman islands or use turbo tax. it's complicated. >> he used turbo tax. that was the problem. >> is that what secretary geithner -- >> yeah, it was -- >> is that evasion? >> he didn't pay part of the taxes. >> he didn't pay it. then he paid it later. >> sounds like a mistake if it was related to turbo text. something got lost in the computer. >> do you want someone running the irs -- >> not like he set up his own pr
lew is expected to eventually win confirmation. we're going to be speaking to veteran senate finance committee member charles grassley coming up at 8:00 eastern time. yes, the situation with cayman island accounts could make for an interesting debate today. >> max bachus back in 2008 said that this ugland house that has a lot to do with tax evasion which we know is a felony. but then yesterday -- >> we've had treasury secretaries that haven't paid their taxes before. >> that's...
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paid my taxes. >> lou lou lost money on the investment -- lew lost money on the investment. they attacked him for sheltering of money in the caymans. >> on the second term priority, key republican said president obama must lead. >> to me if you get economic growth you get revenue. >> jeff sessions are angry about lew's testimony in 2011 when he served as budget director. >> senator, i think it's accurate statement that the current spending will not be increasing the debt. we have sat spending money we don't have. we can't wish the national debt away. >> sessions is so mad he sent a letter to colleagues. it might not be enough to stop the nomination in the committee but it could lead to fireworks on the senate floor. bret? >> bret: we will follow that. mike emanuel live on the hill. thank you. most of the president's "state of the union" address last night centered ways he believes to pump up the economy. today he took the ideas on a sales trip. here is chief white house correspondent ed henry. >> back on the road for president obama at a canadian owned auto parts factory bri
paid my taxes. >> lou lou lost money on the investment -- lew lost money on the investment. they attacked him for sheltering of money in the caymans. >> on the second term priority, key republican said president obama must lead. >> to me if you get economic growth you get revenue. >> jeff sessions are angry about lew's testimony in 2011 when he served as budget director. >> senator, i think it's accurate statement that the current spending will not be increasing...
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lew, it's basically a long list of denials of things he had responsibility for.o figure out what he actually did. david: well, as treasury secretary, god help us, he may be called upon at some point to initiate other bailouts. who knows what crisis we may or may not get into over the next four years. if he does so, could he be charged by people who don't agree with that with conflict of interest? >> i think that is what you worry about. we come through this period where big banks were bailed out. there's kind of a simmering anger among americans still about crony capitalism. there's a guy from a bailed out bank, thework actors on wall street, amazingly up for the job of treasury secretary four short years later. i -- david: at the time of the initial bailouts in 2008, i was questioning hank paulson's connection with goldman sachs, former head of goldman sachs, benefited from the bailouts. it's a fair criticism. he may actually have to rescue himself from the decisions, no? >> ideally in a treasury secretary, you want an understanding of finance. you want someone
lew, it's basically a long list of denials of things he had responsibility for.o figure out what he actually did. david: well, as treasury secretary, god help us, he may be called upon at some point to initiate other bailouts. who knows what crisis we may or may not get into over the next four years. if he does so, could he be charged by people who don't agree with that with conflict of interest? >> i think that is what you worry about. we come through this period where big banks were...
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republicans are accusing jack lew of breaking federal law. eight senate republicans signed a letter saying lew failed to warn congress about a medicare funding problem when he was mr. obama's budget director. alabama senator jeff sessions leading the fight against lew says he also lied when he said the 2012 budget would not add to the nation's debt. the administration defends lew's claim that the president's budget would not add to the debt. saying it's accurate if you don't count the interest on the debt. republicans didn't buy that argument then and they're not buying it now. democratic senator robert menendez of new jersey is firing back at claims that he engaged in parties with prostitutes during trips to the dominican republic. just before election day this past november, a conservative online publication cited three unidentified sources who claimed menendez flew on private planes to the caribbean and had sex parties with prostitutes during the trips. menendez tells c-n-n those claims are all false. buddy can find them nobody ever met th
republicans are accusing jack lew of breaking federal law. eight senate republicans signed a letter saying lew failed to warn congress about a medicare funding problem when he was mr. obama's budget director. alabama senator jeff sessions leading the fight against lew says he also lied when he said the 2012 budget would not add to the nation's debt. the administration defends lew's claim that the president's budget would not add to the debt. saying it's accurate if you don't count the interest...
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jack lew had to answer questions about his personal finances.the job of treasury secretary. he was also grilled today about what happened the night of the benghazi terror attack. "state of the union" address, president calling for infrastructure and education. marco rubio gave the president response and said the president is obsessed with tax increases. "special report" from washington starts at 6:00 eastern now. back to new york and "the five." ♪ ♪ >> andrea: tomorrow is valentine's day. tricky holiday. some love it, some hate it. hard to find the perfect thing to do. i asked folks in new york city about their dos and don'ts for valentine's day. >> be in touch with their significant other. you know, know their likes and dislikes. >> don't be late to dinner. >> do not not send something. >> don't ignore your wife. >> happy wife, happy life. >> go out with the boys. >> don't do what you think is right. do what she thinks is right. >> do you like valentine's day? >> i love valentine's day. >> what should a guy never do? >> get a gift card. >> how
jack lew had to answer questions about his personal finances.the job of treasury secretary. he was also grilled today about what happened the night of the benghazi terror attack. "state of the union" address, president calling for infrastructure and education. marco rubio gave the president response and said the president is obsessed with tax increases. "special report" from washington starts at 6:00 eastern now. back to new york and "the five." ♪ ♪ >>...
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lew is dealing with. plus the would-be treasury secretary took questions have he had investments in the cayman islands where people try to typically go to avoid paying certain taxes. listen. >> why is the investment-- >> senator, i don't know why it was organized i wasn't involved in setting up the fund. >> did you pay taxes on that investment. i reported all income related to that investment on my tax forms. i paid all my tax. >> and explain why it would be morally accessible to take close to a million dollars out of a company that was functionally insolvent and about to receive a billion dollars of taxpayer support. >> senator, in 2008 i was an employee, in the private sector, and compensated in a manner consistent with other people who did the kind of work that i did in the industry. >> joining me now chris stirewalt, host of power play on fox news live. and he gets a bonus, a million bucks for work in 2008. it's not like it was back in 2000 or 2010, 2008 the year in which we had the collapse. so he ge
lew is dealing with. plus the would-be treasury secretary took questions have he had investments in the cayman islands where people try to typically go to avoid paying certain taxes. listen. >> why is the investment-- >> senator, i don't know why it was organized i wasn't involved in setting up the fund. >> did you pay taxes on that investment. i reported all income related to that investment on my tax forms. i paid all my tax. >> and explain why it would be morally...
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. >> brian: jack lew wants to be next treasury secretary. sit down for questioning.e cayman island accounts? number one. number two, what were you doing in the recession that lasted so long? number three, who was the chief of staff, where was the president and was he interested to find out information when the benghazi attack was going on? here is the interchange with jack lew and the senator. >> john brennan testified yesterday that it wasn't him. secretary panetta said it wasn't him. acting dci said it wasn't him. ambassador kennedy said it wasn't him. let me ask you again. who briefed the president on actually what was happening throughout this seven-hour period? >> well, in the conversation, that i was in, the national security staff was present. some of the people -- >> brennan had been included that? >> you are asking who did a briefing? that is different than who is in the conversation? >> brian: i am so confused. that's like trying to find out why you are getting a "d" in the subject. just answer the question. it doesn't seem like to president was curious yet
. >> brian: jack lew wants to be next treasury secretary. sit down for questioning.e cayman island accounts? number one. number two, what were you doing in the recession that lasted so long? number three, who was the chief of staff, where was the president and was he interested to find out information when the benghazi attack was going on? here is the interchange with jack lew and the senator. >> john brennan testified yesterday that it wasn't him. secretary panetta said it wasn't...
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he didn't follow up to see what happened. >> bob: we didn't listen to the rest of lew's testimony.sive. he got through the whole set of questions and never did say in the end who did the briefing. my guess is the national security council, maybe tom donilon did it, but somebody ought to come up with a name. it ain't that hard. >> kimberly: thank you. >> bob: unfair and balanced. >> brian: he will be secretary treasury. he has a cayman island account. >> kimberly: i feel left out. >> andrea: the president, lew is the guy behind pushing the sub prime mortgages. >> brian: i can't get yelled at anymore. i have to go. the clock is ticking. few hours left until valentine's day. my favorite holiday. no pressure, guys. want advice on what to get your loved one? andrea went out and got tips for us. valentine's day dos and don'ts only on "the five." take them as your own. ♪ ♪ :00 eastern now. back to new york and "the five." ♪ ♪ >> andrea: tomorrow is valentine's day. tricky holiday. some love it, some hate it. hard to find the perfect thing to do. i asked folks in new york city about their
he didn't follow up to see what happened. >> bob: we didn't listen to the rest of lew's testimony.sive. he got through the whole set of questions and never did say in the end who did the briefing. my guess is the national security council, maybe tom donilon did it, but somebody ought to come up with a name. it ain't that hard. >> kimberly: thank you. >> bob: unfair and balanced. >> brian: he will be secretary treasury. he has a cayman island account. >> kimberly: i...
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lew, welcome. as you following secretary gallatin's footsteps i urge you to embrace this in the treasury pending your confirmation. secretary, the great responsibility you have and to our government finances are sound and healthy man a great power in the competitive economy. senator hatch. >> thank you mr. chairman and welcome, mr. lew. senator domenici, we are happy to see you here and all the great work that you do here. of course, senator schumer, one of the great leaders in the united states senate and i want to welcome the new members of the committee on both sides to the i think you're going to enjoy this committee. it's very important and we look forward to working with all of you. thank you, mr. chairman. i want to thank you for joining us today and i want to hear the testimony today to find out more about his knowledge, his background and qualifications for this position in the cabinet to the and i agree with you it is an extremely important position. as we know the secretary is charged wi
lew, welcome. as you following secretary gallatin's footsteps i urge you to embrace this in the treasury pending your confirmation. secretary, the great responsibility you have and to our government finances are sound and healthy man a great power in the competitive economy. senator hatch. >> thank you mr. chairman and welcome, mr. lew. senator domenici, we are happy to see you here and all the great work that you do here. of course, senator schumer, one of the great leaders in the united...
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lew is expected to be easily confirmed. back over to you. >> all right. thank you. >>> after being wounded in the line of duty, servicemen and women often spend months and even years recovering right here in our area. the families of those injured also end up here spending countless hours nursing their loved ones back to health. this week we have a special treat for some of those. a valentine makeover. today a look at how lisa harris enjoyed her experience. >> reporter: after learning about the surprise makeovers, some of the wives and mothers headed over to pr partner salon. where they were first treated to lunch from z burgers. the owner invited them and other wounded warriors families to visit the restaurant any time for a free lunch. then it was time for hair consultations. lisa harris met with pr and partner stylist jackie davis. they talked about some of the options that would be easy for lisa to manage considering all the responsibilities she has in caring for her son army specialist charles harris who is become treated at walter reed. >> my son wa
lew is expected to be easily confirmed. back over to you. >> all right. thank you. >>> after being wounded in the line of duty, servicemen and women often spend months and even years recovering right here in our area. the families of those injured also end up here spending countless hours nursing their loved ones back to health. this week we have a special treat for some of those. a valentine makeover. today a look at how lisa harris enjoyed her experience. >> reporter:...
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. >> treasury secretary nominee jack lew finds himself in th >> welcome back. live pictures inside the vatican. pope benedict xvi making his first public appearance since announcing his resignation. he will take the podium shortly. thousands of people expected to fill the vatican hall. this will be his second live appearance until he steps down due to health concerns. he's been living with a pacemaker scant recently had surgery to have the battery replaced. he's sitting in the white share in the center of the stage. when he steps down, he will live in a monastery near the vatican and will have no duties related to the church. >> looking at our top stories the investigators searching for the gunman behind a deadly shooting in fort washington. one person was shot and killed late tuesday night on rose marie drive. they have not identified the victim. the massive manhunt for a former los angeles police officers suspected of killing four people may not be over. authorities say that star and human remains were found in a burned out mountain cabin where christopher do
. >> treasury secretary nominee jack lew finds himself in th >> welcome back. live pictures inside the vatican. pope benedict xvi making his first public appearance since announcing his resignation. he will take the podium shortly. thousands of people expected to fill the vatican hall. this will be his second live appearance until he steps down due to health concerns. he's been living with a pacemaker scant recently had surgery to have the battery replaced. he's sitting in the white...
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jack lew is expected to face questions about his track record and his tenure at citigroup during the financial crisis. lew, who has been serving as the president's chief of staff, is expected be easily confirmed by the democratic-controlled senate. he would succeed timothy geithner. president obama is in north carolina this afternoon seeking support for the plans he laid out in the state of the union address. >> working americans, specifically in manufacturing, have president obama's attention today. he is in asheville, north carolina visiting an engine parts supplier. he said job creation with his north star. >> is our generation's task to reignite the true engine of economic growth, a rising, thriving middle-class. >> the president called on congress to raise the minimum wage, help homeowners refinance, promote early education, and create jobs by promoting energy and manufacturing. but first, he said that congress passed to agree on a balanced budget that cuts the deficit. >> cannot just cut our way to prosperity. >> gop is responding with this whether video. >> doesn't add a dime
jack lew is expected to face questions about his track record and his tenure at citigroup during the financial crisis. lew, who has been serving as the president's chief of staff, is expected be easily confirmed by the democratic-controlled senate. he would succeed timothy geithner. president obama is in north carolina this afternoon seeking support for the plans he laid out in the state of the union address. >> working americans, specifically in manufacturing, have president obama's...
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. >> it may put lew's nomination in jeopardy. very unusual for a cabinet pick.nd joining us live from capitol hill. doug, what do we know. >> reporter: and they say that jack lew has been confirmed in various posts and no reason why he shouldn't be again. republicans beg to differ and mounting sentiment his nomination for treasury secretary may be blocked. at the heart of his trouble. a cayman island investment for citigroup. and while they say that lew paid all taxes associated with that account president obama has repeatedly criticized off shore accounts as you just saw during the campaign of 2012, mitt romney's investments in such an account. leading the charge against lew up here is ranking member jeff sessions of alabama and he also criticizes lew for being the architect of two failed obama budgets which garnered absolutely zero votes up here in the senate, sessions says, quote, he made a series of outrageously false statements about these plans to congress and the american people. and mr. lew's budget and egregious disregard for the truth for fiscal reform
. >> it may put lew's nomination in jeopardy. very unusual for a cabinet pick.nd joining us live from capitol hill. doug, what do we know. >> reporter: and they say that jack lew has been confirmed in various posts and no reason why he shouldn't be again. republicans beg to differ and mounting sentiment his nomination for treasury secretary may be blocked. at the heart of his trouble. a cayman island investment for citigroup. and while they say that lew paid all taxes associated...