treasury secretary jack lew.h pointing out that after a cancellation yesterday for meeting with pierre moscovici. so when mr. lew has finished in pa germany, he will fly to paris. they are just beginning that press conference. if we can get some sound or perhaps allow them to start. it is worth pointing out that germany had 7% of gdp account surplus yesterday. one wonders whether mr. lew might have pressed the german toes reflat their economy rightly more. let's listen in. >> the german finance minister scheubler, you know the rule. we will have two statements of the ministeres and then there will be time around about for questions. i would then like to really ask you to stay seated so that the delegation can leave this room. after that, of course, you're more than welcome to leave this room, as well. i give the floor to minister scheubler. >> swob ladies and gentlemen, i've had the great pleasure to be able to welcome any american colleague, to receive him here in berlin today. we've already spoken a few times o

treasury secretary jack lew landed in europe. he wrapped up talks with european commission president jose manuel rosso just a few minutes ago at a round table in brussels. the reason i'm on my own today is because kelly is in brussels looking ahead on that. kel, do we know sort of the message that he's going to bring? >> well, ross, we have a sense of the message he wanted to bring, and it hits on a couple different themes, none of which will be entirely surprising. one of course is generally boosting growth .making sure the financial markets stay functioning. no small feat, by the way. we also know they're likely to discuss this transatlantic free trade agreement and the prospects for that. regulation, as well, that's obviously a concern. especially the financial transaction tax. you can expect when he turns his discussion to barney in a couple minutes time, that's likely to be one area of focus. now, ollie rehn, that's who he has meetings with currently that he should be wrapping up, this goes back to an issue that is not just

newly appointed treasury secretary jack lew is in europe this week. lew is set to meet with german and french officials today to discuss a pending free-trade agreement between the u.s. and europe. lew said this week that europe should focus on growth policies and ease off austerity measures. meanwhile, portugal's prime minister is searching for budget cuts after a court ruled that proposed austerity measures were unconstitutional. " at the end of the day, the social unrest and the political unacceptance of these type of measures is going to have a say in whatever decision is going to be made regarding portugal." that was alexander mirtchev of the krull corporation. portugal's government now says it will cut spending on education, health and welfare. don't let investing's terrible two-some--greed and jealousy push you into investing based on emotion. it's especially tempting if you look around and see a bull market rally that have yet to get in on. be strong---that's the advice from brad glickman of bernard r. wolfe and associates who says it also appl

treasury secretary, jack lew. lew was in berlin for talks ahead of the imf meeting in washington. >> 5 the u.n. peacekeepers were killed. >> the rebels backed by sudan are believed to be responsible. south saddam broke away after decades of civil war. -- south sudan broke away. >> uhuura cannot has been sworn in. he praised kenyan of voters for rejecting what he called "the tents -- "attempts to influence the election." is accused of crimes erupting after the 2007 election. >> meeting with benjamin netanyahu to revive middle east peace talks, secretary of state john kerry says he will be working with israeli and palestinian leaders to improve relations. he warned against seeking a rushed resolution saying it's important to first seek trust. >> the german justice minister in china for annual talks on the rule of law, part of the meeting. >> has been barred for leaving the city because it allegations of tax evasion that he has never faced formal charges. >> we have more on a man stuck in a legal limbo. it has been o

jack lew is on his first trip to europe, meeting with the leader of the european union in brussels. lew says that struggling european countries should try to ease up on austerity measures and adopt instead more growth-friendly economic policies. >>> the white house is preparing to release its 2014 budget proposal with thousands of copies coming off the printing press today. the republican controlled house passed a different version. last week the president offered to consider reductions in entitlement programs as part of a long-term budget deal. >>> the senate got back to work today after a two-week recess and it confirmed mary jo white as america at top cop. white received a lot of bipartisan support in the senate thanks to years in the senate in new york. >>> one week from today, federal taxes are due, so chances are you've already filed this year's forms. but today we kick off a week-long series of tax tips to consider ahead of next year's filings. some big changes in tax laws going into effect in 2013 might force many top earners to consider making significant changes right now

lew, great to have you on the program.ciate your time. >>> we have 20 minutes before the closing bell sounds for today, a market nears the highs again, up 140 on the dow. >> and after today's decline from that fake terror message on twitter, the market bounced back, of course. coming up, bob pisani on where the market may go from here. >>> and after the bell, will apple's earnings spark a turnaround or send the shares is even lower? back in a moment. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients to software, to nurses to the right people and machines. ♪ helping hospitals treat people even better, while dramatically reducing waiting time. now a waiting room is just a room. [ telephone ringing ] [ static warbles ] [ beeping ] red or blue? ♪ >>> welcome back. we have breaking news right now. let's get to kayla tausche with the story. over to you, kayla.

adam: turning to new treasury secretary jack lew meeting with leaders and he is one message for them.of austerity. liz: beer bars joining us from washington with more. he is saying this because every nation at least that has really implemented this is suffered some economic problems. adam: europe is in a recession. he has been hopscotching across the continent for a couple of days. he just arrived in frankfurt, germany, for talks there. unemployment is rising in europe, the recession does not look like it is getting any better. and europe is a little bit more concerned because it is one of our largest trading partners and imports of $300 billion of american products last year. but that number could be at risk if europe's economy continues to weaken it could cost american jobs. >> we have an immense stake in europe's health and stability. in this context i was particularly interested in the partners plan to strengthen sources of demand at a time of rising unemployment. >>peter: his biggest challenger with the germans, they have been ounmoved with plans from 10 better. insisting they wi

welcome secretary lew. we have to get used to that title. since we've always known you with other titles, but mostly by your first name. i'm tempted to ask you when is the first time you appeared before this committee? >> first time i was in this room is probably 1973 on hr-2 pension reform. >> all right. ly go on. well, we have enjoyed so much working with you in the past. only one of us i think goes back that far. and we all look forward to working with you in the days ahead. you're appearing today to discuss the administration's 2014 budget. that's why you are here. which follows those presented earlier by house republicans, house democrats and senate democrats. clearly the administration's budget reflects an effort to open up a search for some common ground. unfortunately, this has been rebuffed in the responses of the house republican leadership. administration made clear that any search for common ground requires a balanced approach. my guess is the president has used the word balanced perhaps more than any other word for good reason.

jack lew had been previously confirmed by the senate two times in the obama administration.s is someone that had been through the vet, if you will. one other point i want to make which we haven't got an chance to make. if you look at the judicial nominees currently sitting on the floor of the united states senate and you want to talk about uncontroversial there are 15 of them sitting on the floor of the united states senate right now. 13 of them actually passed through the senate judicialry committee unanimously. that means conservative republicans like orrin hatch from utah, jeff sessions from alabama and chus grassley from iowa didn't raise objection to those 13 nominees. they're still on the floor of the u.s. senate, waiting for a vote. even though the republicans didn't raise any objections. >> josh, maybe they just need to actually physically sit on the floor of the senate and remind, remind senators that they have not yet been confirmed. >> they should actually be witnessing on the floor. >> they should be sitting on the floor for hundreds of days. >> a sit-in. occupy

treasury secretary jack lew is in europe today. this is his second international trip since taking office. he's going to be talk about the recent deterioration in the eurozone and prospects for boosting global economic growth. kelly evans is covering lew's meeting in brussels today. kelly, this is a big deal to see lew's first trip going over to europe. >> becky, good morning. what's important about this is it's his second trip. the first one was to china. there couldn't be more urgency just in terms of growth. tim geithner came here and carried the message jack lew is likely to carry, in other words, you have to put up these fire walls and make sure markets don't dissipate. at the time, though, geithner was more or less sent packing and there were a lot of cheeky comments even saying to the u.s., why don't you get your own situation in order first and then come and tell us what to do. you can expect a slightly different tone this time around because you were just discussing the unemployment figures in the u.s., but 2.6% is better

he recently picked the new treasury secretary, jack lew.f the president ever has to let him go, he can say, it is not lew, it's me. [laughter] the quote a city must but the president is that he is always the coolest guy in the room. that is what everyone says. he is the coolest guy in the room. here is my question. who else is in that room? it is not hard to be the cool one when the other guys in the room r biden, hagel, and carry. i would be cool to if i was in a room where steve ville sackett showing someone how to do the harlem shake. i have made some jokes about the president this evening. i am looking forward to my audit. [laughter] it is coming. i know. i would like to take a moment here and change gears and say some into the president. regarding the events of the past two weeks. some of you may not know this. i grew up in boston. but parents still live there. my brother, luke, raised his family in watertown. i would like to take this opportunity to thank, you mr. president, for visiting that great city and helping people begin to hea

adam: treasury secretary jack lew saying european countries should ease off austerity and adopt moreh friendly policies as he kicks off his first trip to europe. peter barnes is in washington, d.c. with the latest. is he being received warmly? >> he is being received. he is hopscotching across europe for a couple days pushing countries, as you said, adam to fox their economies and europe's banking system. europe is in recession. unemployment is rising. it is one of our largest trading partners with imports of more than 300 billion in american products last year, but the figure could fall if europe's economy continues to weaken, which could cost american jobs. >> the united states has no bigger, no more important economic relationship than it does with europe. and we have high expectationses that can be achieved. >> secretary lew is pushing for more economic growth through europe through a little less austerity. his big meetings come tomorrow in germany where officials will likely tell him to take a hike. exactly what they told his predecessor tim geithner on numerous occasions. the g

ktvu's carol lew will tell us about the cause that brought hundreds into the streets but we begin with ken wayne south of market. i understand the president is already calling it a night. >> reporter: well, it's 1:00 a.m. east coast time so at the present time might be pretty tired right now, frank. if you look behind me you can see 5th street is closed down to howard. that's because the president is staying at the intercontinental hotel down the street. mr. obama's motorcade left pacific heights an hour ago after the president attended a fund-raising dinner at the getty mansion on broad way. despite the high price tag those would attended didn't get a lot of time with him. he was there only about an hour. this is as close as we could get to the getty mansion from a block away you can see the president's limo arrive at the broadway avenue home but the view was blocked before the president left the vehicle. inside the home people paid about $32,000 a plate to dine with mr. obama and raise money for democratic congressional campaigns. >> time and time again the force that is blocking tha

. >> traveling is stressful enough, when you don't know how long it will take you to get lew the line, you have -- through the line you have to add extra time to get through point@to point b. >> i believe if you want to prove a point, aggravate the average american. >> delays are just the beginning they say of what could be a nightmare for airline travelers. >> here in laguardia, it means that a delay means you miss your connection in chicago. everyone will get hit. >> the major airlines claim about a quarter of the 27,000 commercial flights per day, could be impacted, their trade association is suing the faa to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for drivers. price

ktvu's carol lew will tell us about the cause that brought hundreds into the streets but we begin with ken wayne south of market. i understand the president is already calling it a night. >> reporter: well, it's 1:00 a.m. east coast time so at the present time might be pretty tired right now, frank. if you look behind me you can see 5th street is closed down to howard. that's because the president is staying at the intercontinental hotel down the street. mr. obama's motorcade left pacific heights an hour ago after the president attended a fund-raising dinner at the getty mansion on broad way. despite the high price tag those would attended didn't get a lot of time with him. he was there only about an hour. this is as close as we could get to the getty mansion from a block away you can see the president's limo arrive at the broadway avenue home but the view was blocked before the president left the vehicle. inside the home people paid about $32,000 a plate to dine with mr. obama and raise money for democratic congressional campaigns. >> time and time again the force that is blocking tha

it's not lew, it's me.e's always the coolest guy in the room. that's what everyone says, he's the coolest guy in the room. here's my question, who else is in that room? it's not hard to be the cool one when the other guys in the road are biden and hagel and kerr i didn't. showing steven chu how to do the harlem shake. now i made jokes about the president this evening and looking forward to my audit. . it's coming, i know, sir, it's coming. but i would like to take a moment and change gears and say something to the president regarding the events of the past two weeks. i grew up in boston, my parents still live there. and my brother luke raised his family in watertown. i would like to take this opportunity to thank you, mr. president for visiting the great city and helping its people to heal with your inspiring words. it made a huge difference. it's been said recently that you don't mess with boston. as someone who grew up there i would like to echo that sen. it's simple, if you pick on a city, don't choose w

he recently picked the new treasury secretary, jack lew. if the president ever has to let him go, he can say, it is not lew, it's me. [laughter] the quote i hear the most about the president is that he is always the coolest guy in the room. that is what everyone says. he is the coolest guy in the room. here is my question. who else is in that room? it is not hard to be the cool one when the other guys in the room r biden, hagel, and carry. i would be cool to if i was in a i would be cool to if i was in a room where steve chu shows tom vilsack how to do the harlem shake. i have made some jokes about the president this evening. i am looking forward to my audit. [laughter] it is coming. i know. i would like to take a moment here and change gears and say some into the president. regarding the events of the past two weeks. some of you may not know this. i grew up in boston. but parents still live there. my brother, luke, raised his family in watertown. i would like to take this opportunity to thank, you mr. president, for visiting that great cit

move there we're losing and decided to take this campbell but there were the only slave holding class lew did it. the cubans with holders cover brazilian, why did these guys do it? >> i tried to explain what was the mind-set? it is completely fascinating to get inside the mind of this incredibly powerful and political power and they were used to running the united states and did not doubt their ability to do this. the confidence is there and a big piece of the story. >>host: was their overwhelming support for secession? >> no. an interesting political campaign. when i have written about it three or four times it is as interesting as any campaign and karl rove would have been impressed. most of the political elites, only one-third of adults white men own slaves and most did not own any but that was orchestrating this was confident they could do this and believed they could pull off and did not have trouble lining each other but the challenge was it was but there were no property qualifications left so they had to sell it to win the election. there were not at all confident with incredible

speaking of the cabinet, the president recently picked his new treasury secretary jack lew.reat joy to know if the president has to let him go he'll get to say, it's not lew, it's me. >> the media landscape is changing so rapidly. yo up with it. i mean, i remember when buzzfeed was something i did in college around 2:00 a.m. >> some people say print media is dying, but i don't believe it. and neither does my blacksmith. >> i'm also hard at work on plans for the obama library and some have suggested that we put it in my birthpla in the united states. >> some in this room have even accused the president of being distant and aloof. when i asked the president about it earlier, he said oh and then walked away. >> i'm taking my charm offensive on the road. a texas barbecue with ted cruz. kentucky bluegrass concert with rand paul. and a book burning with michele bachmann. >> as you all know the president is hard at work creating jobs. since he was first elected, the number of popes has doubled. >> one senator who has reached across the aisle recently is marco rubio, b i don't know

his old college buddy, lew , move the a's to san jose. he sure di e astros to the >>> so bud selig hasn't been able to help his old college buddy lew wolff move the as to san jose but he sure did the as a huge favor when he moved the astros to the american league west. it was a rough day for houston before the game started. the bullpen coach jeff murphy hit by a screen during battle practice. he would only suffer a knee injury. his staff would suffer even worse. novato native bud norris did not enjoy this homecoming. reddick off a slump with a double off the wall. six runs in the 1st inning for the as and for the second time in the series a houston starter is knocked out in the 1st inning. 9th inning as lead down to two. game ending double play. they win 6-5. >> they are in a rebuilding phase so we took care of business. that's what it does. you have to beat the people you're supposed to beat. >> norris came in with a nice e.r.a. but playing in front of family and friends a bay area guy, when you played for the giants played in front of a

lew? >> 2001. >> what were you doing? >> how many times after world war ii were reran up a massive wartime deficit, but before the clinton administration, before the clinton administration did the budget balance? >> there were years of merritt island, but there is no other. her three consecutive account surplus. >> how do we get through that time. without technically balancing the budget? the entire time? >> is that marshak, finagling the numbers? >> the truth is our economy was growing faster teradata says. we were able to hurt growth very much reduced, almost eliminate the deficits built up to pay for world war ii. >> dynax question and then i go back to 2008 we have a choice, 2009. when they had no growth, to continue insisting that we were doing and i was not being trying to improve the job market and the economy. i was at the folks on the other site to tell me, we have this great deficit in 2009, 2010. and they're absolutely right. but are we suggesting that we should have done that they comment is that what they're

. >>> new today, treasury secretary jack lew was on capitol hill testify being the 2014 budget proposal. >> we removed much of the wreckage from the worst economic crisis since the great depression. the damage left in its wake is not fully repaired. families across the country are still struggling and unemployment remains high. economic growth needs to be faster and while we made progress we must do more to put the fiscal house in order. at the same time, political gridlock in war wash continues to generate a separate headwind. including harsh indiscriminate spending cuts from the sequester and that will be a drag on our economy and in the month ahead if they are not replaced with sensible deficit reduction policies like the ones we are proposing. >> the proposal includes $1.8 trillion in deficit reduction over the next ten years. tax increases for the wealthy and raising the minimum wage to $9 an hour. lew will testify before the senate budget committee at 3:00 this afternoon. >>> maryland governor martin o'malley's trip to the super bowl was an expensive one. according to "the baltimo

of all shills around the world hundred twenty one in the caymans a load you treasury secretary jack lew is the fifth you'd think they're at least fifty three thousand dollars fifty trying to suppress this chilling internal report called income inequality quote perfectly natural but worries americans still have a vote. the u.s. is a plutonic me and it's hard income inequality the exceptionally rich drive the appallingly low savings rates overextended consumer and unsustainable current accounts all our friends in academia politicians consider imbalances perfectly natural we want to examine how to make money from this this is not without its risks political enfranchise ment remains as was one person one vote and n.g.o.s compiled all the walls official investigations into all shows for the way the biggest illegal in. three but every page is blank because there hasn't been a single official investigation the u.s. justice system as the conviction rate of ninety million pathetic that includes an estimated ten thousand wrongful convictions a year when it comes to catching criminal money that fu

. >>> and later on treasury secretary jack lew gets down to business overseas this week. meetings with his european counterparts in brussels, berlin and paris. >>> gas prices are still falling. down another 6 cents in the past two weeks to about $3.65 a gallon. the latest airline quality report finds when it comes to size on the tarmac, size does not matter. in 2012 hawaiian airlines delivered passengers without delay more often than its 13 largest rivals. alaska airlines came in second. airtran third. delta and us airways rounded out the top five. >>> at the bottom of the heap, american airlines ranked worst for being on time preceded by expressjet, united, frontier and jetblue. >>> "the wall street journal" reports michelin has joined the company hit with health care penalties for having high blood pressure or waistlines over 40 inches. the high-stakes courtroom battle for martha stewart's home home goods line resumes between macy's and jp penney. and lasagna made with moose meat passed a recall. >>> and a sign of tough economic times in rhode island. the so-called supe

cyprus will be high on the agenda for lew and his counterpart. cyprus's central bank some some depositors could face hefty losses and this is unbelievable. as part of the nation's bailout, accounts with more than 1100,000 euros which are uninsured will lose 37.5% of their value after they convert it into classic bank shares. banks of cyprus will freeze an additional 22.5% until the bailout terms are met. that pone will be placed in a fund that will not earn any interest. >>> the latest bank bailout controversy in cyprus has sparked fierce of contagion. while the cyprus story has weighed heavily on some investors' minds, it hasn't been enough to stop investing. dap, one thing that struck me last week was this back .forth over the sa maptices of what the dutch minister said. was this a template where the depositors are being taxed, effectively, or was it not? regardless of what he said, i think it's being taken as such. >> right. listen, cyprus is more important than the relative size of its economy. okay? that's the first point. i think the second

treasury secretary jack lew is headed to europe next week to discuss that situation. richard, back to you. >> all right, thank you, jackie. >>> also overnight, a major setback for drug company novartis. india's highest court denied a patent petition for a cancer drug. this will surely impact the stock today. >>> this morning exxon mobil continues to clean up thousands of barrels of heavy crude oil that's been leaking in the town of mayflower, arkansas. the pipeline carries 90,000 barrels from illinois to texas every day. it was shut down on friday, and its residents from 22 homes were evacuated. >>> check out this vintage sergeant pepper's album color autographed by john, paul, george and ringo. it was sold at auction for a record $290,500. it's believed the fab four signed the album in june of 1967. >>> employers beware. better expect more than a few people calling out sick today. it's not an april fools' joke, but little opening day for baseball armed the country. >>> plus, bottoms up. a professional golfer drops his drawers on the green. >>> other stories that caug

homeland security secretary janet napolitano, secretary of state john kerry and the treasury's jack lew joined defense chief chuck hagel. >>> and beyonce and jay-z caused a big stir in cuba thursday while on vacation to celebrate their fifth wedding anniversary. they were mobbed by crowds while touring old havana but still managed to find time for a dinner featuring fish, chicken, black beans and rice. all good stuff. >>> now for a look at what's moving your money, cnbc's brian shactman. good morning, brian. >> thank you, richard. good morning, everybody. investors are awaiting the march jobs numbers. we'll find out if it was another month of steady hiring. >>> also, president obama's but which comes out on wednesday reportedly would cut the deficit by $1.8 trillion over ten years. "the new york times" says the plan includes cuts to social security and medicare and uses the new metric to cal indicate annual cost of living increases. >>> it's a big day for jc penney because the struggling department store launching the first of its new home goods boutiques including some martha stewart b

lew wolff is not about to dish out the money but he isn't about to stop this beard brigade either. >>ike them. others don't. i'm not gonna ask them to remove them. >> reporter: this beardoff has crossed over to reddick's other love, professional wrestling. >> we can have daniel bryant challenge me to a beardoff at the end of the year. of course i'm gonna say yes. everybody knows i'm a huge wrestling guy. no shaving throughout the year no matter what goes down. >> reporter: this is not part of the a.s' fear the beard cam -- as fear the beard campaign. it's just a fun loving bunch to unite. >> sure. why can't it be? we had such a close clubhouse last year. anything you can use in bringing each other together, i think is big. >> reporter: not every player is on board with this idea. but josh reddick, well, he hopes it keeps growing every day. it's pretty clear to see that whereverrer the as finish this year, they are gonna have a good time getting there. they have the attitude, they've got the talent, the oakland as got the talent, the oakland as 2013, yes, they are [ man ] i got this ci

lew wolff is not about to dish out the money but he isn't about to stop this beard brigade either. >> like them. others don't. i'm not gonna ask them to remove them. >> reporter: this beardoff has crossed over to reddick's other love, professional wrestling. >> we can have daniel bryant challenge me to a beardoff at the end of the year. of course i'm gonna say yes. everybody knows i'm a huge wrestling guy. no shaving throughout the year no matter what goes down. >> reporter: this is not part of the a.s' fear the beard cam -- as fear the beard campaign. it's just a fun loving bunch to unite. >> sure. why can't it be? we had such a close clubhouse last year. anything you can use in bringing each other together, i think is big. >> reporter: not every player is on board with this idea. but josh reddick, well, he hopes it keeps growing every day. it's pretty clear to see that whereverrer the as finish this year, they are gonna have a good time getting there. they have the attitude, they've got the talent, the oakland as 2013, yes, they are [ man ] i got this citi thankyou card and started

sylvia served under jack lew as part of o.m.b. later she helped the gates foundation grow into a global force for good, and then she helped the walmart foundation. so sylvia knows her way around a budget. as the granddaughter of greek immigrants, she also understands that our goal when we put together a budget is not just to make the numbers add up. our goal is also to reignite the true engine of economic growth in this country, and that is a strong and growing middle class. to offer ladders of opportunity for anybody willing to climb them. sylvia's mom is here. sylvia luse loves to talk about her parents, growing up in west virginia and the values that they instilled in her as educators. i think that reflects everything that sylvia now does. so i am absolutely confident that she is going to do a great job at o.m.b. those values are event especially important to remember now as we continue to try to find a way forward in light of the budget cuts that are already starting to cost us jobs and our economy. as i said bhf, the american

. >>> jack lew gets down to business meeting with counterparts in brussels and paris. >>> gas pricesre falling. down another 6 cents to about $3.65 a gallon. the latest airline quality finds when it comes to timeliness on the tarmac size does not matter. hawaiian airlines delivers more often. alaska second, air tran, 3ird, delta and us airways, five. american airlines ranked worse for being on time. "the wall street journal" reports michelin has joined the companies of hitting overweight employees for health care penalties for -- get this -- $1,000 for having high pressure or waistlines over 40 inches. >>> high stakes courtroom battle resumes between macy's and jcpenney and another recall at ikea. lasagna made with moose meat is being recalled for containing portions of pork. not kidding there. >>> a sign of tough economic times in rhode island. the so-called superman building that towers over providence will no longer be lit up at night. bank of america, its 85-year tenant is moving out. >>> louisville university is just one step closer to capturing two national titles, plus ravens'

. >> at the same time, jack lew, our treasury secretary is over in europe saying this austerity thing you are on is not good. you ought to focus more on outgrowing the economy than cutting. over here, the obama administration is on an austerity kick. don't we have a contradiction here? >> i noticed the same thing in reading lew's commentary in europe and his message to various european leaders about their insistens that these peripheral countries continue to cut budgets and implement austerity in order to, you know fix their long-term fiscal picture. it's saying don't do that. more growth, less cuts. obama is still -- that's what is vexing about this particular budget proposal. they seem to shift back and forth between giving up on the austerity argument and siding with those who say it's all about growth right now stimulate the economy, add more spending. we've already reduced debt to gdp, on a downward trajectory. the long-term path to social security, no real urgency short-term to do that. the white house has chosen to stick with the school of thought, you could do both jack lew te

lew! we need to talk. peterman: elaine what did you want to talk to me about?ell, i see what's going on here. i am smack-dab in the middle of a good old-fashioned cat fight. mr. peterman this is not a cat fight. this is violent, psychotic behavior directed at me all because i told her to swing her arms. woof. do you mean meow? yes! that's the one. good day, elaine. oh, no, please mr. peterman. she's crazy! ♪ crazy for feelin' ♪ ♪ so...lone...ly ♪ jerry: i can't believe how much we did this afternoon. i have a friend, today would have been his whole life. now, what time are you picking me up tonight? huh? you got reservations at sfuzi, didn't you? oh, yeah. sfuzi. i gotta do that. should i wear the outfit i bought today? sure. which one? the one with the... [mumbles] if i'm gonna get my hair cut, i'd better go now. call me when you get home. i won't be there but leave a message so i know you called. ok, ok. hey. i've done that today. whew. what, did you lose your remote? no, cable's out. what's with you? you look, uh, dead. it's lanette. i need like an assistant

well i mean with billionaires we're talking about a whole the media aspect as well jack lew he was also a former clinton official went to the private sector big wall street k.-street guy and now is back yet but he was at the o.m.b. he was sylvia burwell would actually be his replacement he was just confirmed at the treasury department another incredibly powerful position and during his confirmation hearings this was pointed out by bart naylor of public citizen during his confirmation hearings they actually addressed the fact that ok so when he was working for city he wasn't just working for citi group he was in charge of what's called their alternative investments those are the kinds of funky mortgage mortgage backed securities other kinds of securities these strange sausages that ended up getting traded and ultimately bankrupted our economy he was briefly in charge of that citi group which was one of which was one of the banks that has been found time and again to have committed wrongdoing during this time period and when he left the city they said that they would give him a big bonus

it's far from certain that big coin is going to be a big deal said lightspeed venture partners jeremy lew has made two investments in the space but the potential for disruption is enormous if bitcoin realizes its full potential you're talking about disrupting visa first data master card a lot of banks western union these are huge multibillion dollar companies it's far from certain but if it happens a lot of value will be destroyed and a lot of value will be created that's when venture capitalist should be looking right i mean bitcoin you have to compare to bit torrent bit torrent made piracy so-called of intellectual property like music and films a reality for millions totally transformed that industry to the point now where the makers of game of thrones have said that we welcome the pirates pirating game of thrones it's our marketing. at a g. and we haven't stopped making money so they finally got the religion they got it so chris dodd to. stop killing kids like guarantors meanwhile on bit coin similarly mastercard wall street will have their come to bit christ moment and they'll say you

while visiting brussels on his first trip to europe as treasury secretary jack lew reminded his european counterparts that they should focus first and foremost on solving unemployment not budget cuts if they want to regrow the continent struggling economies austerity has been a disaster for the eurozone thus far since greece first came clean about its budget troubles in late two thousand and nine the e.u. led by german chancellor on hold merkel has pursued a policy of savage cuts to social services and government spending that has pulled the entire eurozone down into what seems like a never ending recession but european leaders aren't the only ones talking budget cuts as a solution to the worldwide economic downturn the united states has a pair of austerity evangelist of its own their names are alan simpson and erskine bowles appointed by president obama to head a commission tasked with finding solutions to the american budget crisis simpson and bowles here concluded that the federal government needed to make hefty cuts to social security and medicare if it wanted to head off fiscal disa

findings rebuttals have fallen on deaf ears the tide is turning just last month treasury secretary jack lew called on his european counterparts to abandon their foolish budget cuts and focus instead on solving that con continents ongoing unemployment crisis even global markets agree in italy this week because of the election of an anti austerity coalition government confidence was restored worldwide in italy that southern european nation can now borrow at the lowest rate since twenty eight. it should be as obvious to washington as it is to the rest of the world austerity is a complete and total failure on friday just in time for john boehner and company to fly home for recess cus admitted as much by passing a bill that provides funds to rehire those air traffic controllers furloughed by our off austerity are seaquest ration cuts this is the right thing to do as the dearth of air traffic controllers is cause numerous point delays across the country recent weeks but if congress can find a way to protect itself and the richest americans from the effects of the failed policies you can also find