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Jan 21, 2013
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treasury and you can see that, and that is where we will have the more heated battles with the new treasury secretary designate, jack lew, who will take over from a guy who took on a lot of controversial initiatives and john roberts is on the flatbed truck. john, much has been said about this president's approach, coming out as he did early on the route. can we expect him to come out again? >> it is timing. timing is everything. you talk about jack lieu and we are going past the treasury department. the president get out between 7th and 12th but you can see there is movement here among the staff and there are secret service on the pickup truck behind us and it is expected as
treasury and you can see that, and that is where we will have the more heated battles with the new treasury secretary designate, jack lew, who will take over from a guy who took on a lot of controversial initiatives and john roberts is on the flatbed truck. john, much has been said about this president's approach, coming out as he did early on the route. can we expect him to come out again? >> it is timing. timing is everything. you talk about jack lieu and we are going past the treasury...
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Jan 11, 2013
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>> his name is lew. >> reporter: very good. >> new treasury, right. >> reporter: new treasury secretary. >> secretary. >> reporter: would you trust a man whose signature, turn this around, would you trust a man with that signature in. >> no. >> no. >> reporter: you trust a guy who signs his name like that. >> gobegged-gook there. >> ooh. >> oh, my. >> is that for real? >> noooo. >> it looks like something a two-year-old could have drawn. >> it looks like a two-year-old. he should have been back in penmanship. >> i think he might want to consider doing what geithner did and change it and make it more official looking. >> reporter: you are the most informed washingtonian here. you knew that geithner changed his signature. there is hope. someone knows all the right answers. [laughter] >> greta: this is a fox news alert. the colorado movie massacre suspect will go to trial. a short time ago, a colorado judge ruling there is enough evidence for james holmes to stand trial on all 166 counts. he is accused of opening fire in a midnight showing of a batman movie. 12 people were gunned down and
>> his name is lew. >> reporter: very good. >> new treasury, right. >> reporter: new treasury secretary. >> secretary. >> reporter: would you trust a man whose signature, turn this around, would you trust a man with that signature in. >> no. >> no. >> reporter: you trust a guy who signs his name like that. >> gobegged-gook there. >> ooh. >> oh, my. >> is that for real? >> noooo. >> it looks like something...
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Jan 10, 2013
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lew. >> i cannot think of a better person to continue tim's work at treasury than jack lew. >> reporter: president obama nominating a new to head the treasury department but signaling plans to continue with the fiscal policy the administration relied on in the first term. white house says lew has a keen understanding of domestic and international issues that impact the u.s. economy and point to the track record. >> under president clinton he presided over three budget surpluses in a row. with the talk of deficit reduction, making sure the boog are balanced this is the guy who did it. three times. >> reporter: republican opponent, senator jeff sessions chief among them say jack lew is the wrong man for the job and without then house speaker newt gingrich refusing to allow more government spending the budget achievements would never have happened. sessions without qualification, accuses lew of lying to congress when testifying about the president's fiscal policy and plans. >> he is consistently and deliberately misrepresented the facts of the president's plan. as the budget director for the president. >> reporter: in his
lew. >> i cannot think of a better person to continue tim's work at treasury than jack lew. >> reporter: president obama nominating a new to head the treasury department but signaling plans to continue with the fiscal policy the administration relied on in the first term. white house says lew has a keen understanding of domestic and international issues that impact the u.s. economy and point to the track record. >> under president clinton he presided over three budget...
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. >> the president is set to announce his new treasury secretary this afternoon. the likely nominee could set the stage for more confrontation for republicans over debt and deficit. karen travers has more. >> new year, a new cabinet. the obama administration shuffle continues. today president obama will nominate jack lew for treasury secretary. currently the chief of staff steps into the job at a very critical time. his experience as an administration insider and budget grew will be quickly put to the test. -- budget guru will quickly be put to the test. lawmakers me to address the automatic spending cuts they put off in order toch a last- minute fiscal cliff deal. lew may be getting a lot of attention for this his signature that will soon be put on newly-printed money. >> are you working on his signature? >> not that i am aware of. >> this is also drawing criticism. for the first time in years, all the cabinet positions will be held by men. john brennan at the cia and john kerry secretary of state. "the new york times" published this photograph yesterday. only men
. >> the president is set to announce his new treasury secretary this afternoon. the likely nominee could set the stage for more confrontation for republicans over debt and deficit. karen travers has more. >> new year, a new cabinet. the obama administration shuffle continues. today president obama will nominate jack lew for treasury secretary. currently the chief of staff steps into the job at a very critical time. his experience as an administration insider and budget grew will be...
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treasury secretary. the biggest impact would be from his signature. look at what the newecame treasury secretary. that is a very squiggly signature. not exactly a john hancock. i maintain that is the biggest impact of all. the treasury secretary, no impact on policy at all. >> i went to catholic school for years and penmanship was taken very seriously. i would have been in a lot of trouble. as a former teacher i have to say he needs some handwriting classes. stuart: in the old days if you started to write with your left and the teacher stop you and you had to write with your right hand so you never wrote properly in your life. look like jack lew was originally left-handed. charles: i was going to write someone a note a week ago and forgot how to write in cursive. it has been that long. but jack lew never knew. stuart: more serious regarding spending and your dollar. the government's very alan bean calendar, the congressional budget office have numbers that show many more cuts could be made. look at this list. cut funding for non-defense agencies by 1%. that is a cut, how
treasury secretary. the biggest impact would be from his signature. look at what the newecame treasury secretary. that is a very squiggly signature. not exactly a john hancock. i maintain that is the biggest impact of all. the treasury secretary, no impact on policy at all. >> i went to catholic school for years and penmanship was taken very seriously. i would have been in a lot of trouble. as a former teacher i have to say he needs some handwriting classes. stuart: in the old days if you...
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Jan 4, 2013
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president obama may need to find a new treasury secretary much sooner than expected. >> timothy geithner plans to leave his job after president obama is. there was speculation he would stay on the job longer with fiscal cliff negotiations only half done and another debt ceiling site on the horizon. the white house chief of staff jack lew is the front runner now to succeed him. >> secretary of state clinton is ready to get back to work after three days in a hospital. her spokesman says she will be back on the job next week. she was treated for blood clot she suffered on sunday that stemmed from a concussion and she suffered a last month when she fell. >> the house and senate will convene a joint session of congress today and to count electoral ballots from the presidential election. a federal judge in california rejected a challenge by birthers in their latest attempt to overturn the presidency of president obama. the judge rejected a request to allow a florida man to testify about alleged inconsistencies and the typeface on the birth certificate? that the president released. the presiden
president obama may need to find a new treasury secretary much sooner than expected. >> timothy geithner plans to leave his job after president obama is. there was speculation he would stay on the job longer with fiscal cliff negotiations only half done and another debt ceiling site on the horizon. the white house chief of staff jack lew is the front runner now to succeed him. >> secretary of state clinton is ready to get back to work after three days in a hospital. her spokesman...
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Jan 11, 2013
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. >> that is president obama talking about his new treasury secretary. president obama introduced him nominee jack lew. he served as white house chief of staff. he has experience working on balancing budgets during the clinton an illustration. he will replace treasury secretary timothy geithner our who led the department to the economic turmoil of the first term. investigating emergency 911 calls during last june. pretty harsh words tonight. verizon and other phone carriers. the federal communication commission says large scale 911 outages occurred because the company did not follow their own safety procedures. four states lost their 911 service. they are calling for backup power plants and audits of the 911 circuits. now, a fairfax county team who is battling brain cancer received a super surprise, a trip to the super bowl. that is in new orleans. this story tonight, he was there when a young man who tends the high school found out about the surprise. >> these are the shirts folks were wearing. what they did not know is there was much more to this gathe
. >> that is president obama talking about his new treasury secretary. president obama introduced him nominee jack lew. he served as white house chief of staff. he has experience working on balancing budgets during the clinton an illustration. he will replace treasury secretary timothy geithner our who led the department to the economic turmoil of the first term. investigating emergency 911 calls during last june. pretty harsh words tonight. verizon and other phone carriers. the federal...
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Jan 25, 2013
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mcdonogh would replace jack lu, who has been nominated to be the new treasury secretary. the press is standing by waiting for president obama to make an appearance and to officially announce the new selection. so we will go back to that when the president enters. >>> let's take a bump. snow is on the way. how much is expected, the full forecast in just a moment. >>> starting in mountain airy and lovettsville, the cacoctin mountains over the next hour. j.c., back to you. >>> there's the president. let's go to the white house. >> thank you, everybody. please, everybody have a seat. good afternoon. welcome to the announcement of one of the worst kept secrets in washington. as president i rely on an extraordinary team of men and women here at the white house every single day. and i rely on my chief of staff to keep up with them and our entire government making sure we're all moving in the same direction. making sure that my priorities are being carried out and policies are consistent with commitments i made to the american people and we're delivering progress to the american p
mcdonogh would replace jack lu, who has been nominated to be the new treasury secretary. the press is standing by waiting for president obama to make an appearance and to officially announce the new selection. so we will go back to that when the president enters. >>> let's take a bump. snow is on the way. how much is expected, the full forecast in just a moment. >>> starting in mountain airy and lovettsville, the cacoctin mountains over the next hour. j.c., back to you....
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tough fiscal fights with congress and his choice is raising questions about how independent the new treasuryef will be from the white house. steve liesman taking a close are look at this. steve, how independent are they and when they get too independent as paul o'neill did, they get fired. >> very good point. one is how much independence they exercise in office but the other is the chief criticism of jack lew so far is how much independence he brings to the job before he takes the office. the issue is when you think about the past seven treasury secretaries they've all come to the office in their resume with a bit of intendens, which leads you to something other than politics at the white house. let's go through it now. lloyd benson back in 1939 appointed by clinton, he was politically right of center of president clinton. that was the one thing. robert rubin came from goldman sac sachs. it was something other than political. larry summers, appointed by clinton an academic economist. how about the past three in john snow, if you look at him, there he is right here, came from csx corporation.
tough fiscal fights with congress and his choice is raising questions about how independent the new treasuryef will be from the white house. steve liesman taking a close are look at this. steve, how independent are they and when they get too independent as paul o'neill did, they get fired. >> very good point. one is how much independence they exercise in office but the other is the chief criticism of jack lew so far is how much independence he brings to the job before he takes the office....
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Jan 9, 2013
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new treasury secretary, nearly record u.s. debt record, ex world war ii. this is an incredibly crucial time. yet we are playing games in d.c., how do you see this shaking out? >> it is like wall street and washington are in parallel universes. i was just down in d.c. >> separated by delaware. >> exactly and you don't want go there. >> i was down in d.c. talking to new congress mman and every is pessimistic about the next round of debt talks. i don't think it'll go smooth by, i don't think the fiscal talks went smoothly, but i don't think it'll be very good this time around. >> if you look at jack lew's past, there is of an implied assumption that jack lew is not going to talk it pch whether you agree or not, the money has to come from somewhere. which may mean more tax raises but the republicans said no way. >> i agree. one more factor is that a public is widely defeated in the fiscal cliff discussions. they have to make it up in the fiscal debt ceiling increase. they have to insist on spending cuts. what it means is having lost once on december 31st, they
new treasury secretary, nearly record u.s. debt record, ex world war ii. this is an incredibly crucial time. yet we are playing games in d.c., how do you see this shaking out? >> it is like wall street and washington are in parallel universes. i was just down in d.c. >> separated by delaware. >> exactly and you don't want go there. >> i was down in d.c. talking to new congress mman and every is pessimistic about the next round of debt talks. i don't think it'll go smooth...
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Jan 11, 2013
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barack obama announced he is nominating the white house chief of staff as america opposing new treasury secretary. saying he has his complete trust. he will replace timothy geithner that does not wish to serve a second term. the vice president continued his meetings on how to curb gun violence in america. he wants to give his proposals to president obama by tuesday of next week. he said why it is important act now. >> nothing that has gotten to the heart of the matter more than the visual image of six year-old kids riddle. not shot with a stray bullet, but rattled. >> of the comments came on the same day that a student was shot and wounded at a california high school where another was taken into custody. for more, the vice president was meeting in the white house as we were getting news that there was yet another school shooting, and there is a real sense of urgency that is still there. >> we saw president obama after the shooting a visibly upset, saying he would use the power of his office to act on gun- control and do it quickly. he asked joe biden to convene with a sense of urgency.
barack obama announced he is nominating the white house chief of staff as america opposing new treasury secretary. saying he has his complete trust. he will replace timothy geithner that does not wish to serve a second term. the vice president continued his meetings on how to curb gun violence in america. he wants to give his proposals to president obama by tuesday of next week. he said why it is important act now. >> nothing that has gotten to the heart of the matter more than the visual...
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Jan 14, 2013
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president obama did not have to look very far to find his new treasury secretary, jack lew. at the announcement, the president and outgoing treasury secretary timothy geithner. >> our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. i understand that tim is ready for a break. obviously, we are sad to see him go, but i cannot think of a better person to continue tim 's work at treasury than jack lew. >> unlike most treasury secretaries, jack lew earn his stripes and a washington and not wall street. he worked for tip o'neill in the 1970's and 1980's, and was clinton's: the director in the 1990's. evan, what does this tell us about the physical fights ahead? >> the good newss that he knows washington bit bad news is that he will do exactly what obama tells him, and from all indications, obama will not do much about fiscal restraint. >> nina, your sense of jack lew and what lies ahead? >> i think i agree with evan, but lew really does know the b
president obama did not have to look very far to find his new treasury secretary, jack lew. at the announcement, the president and outgoing treasury secretary timothy geithner. >> our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. i understand that tim is ready for a break. obviously, we are sad to see him go, but i cannot think of a better person to...
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Jan 28, 2013
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new treasury secretary coming? >> i don't know him, maria, so it's hard for me to have any personal judgment. i was surprised by it. it's not something i was expecting. i'm a complete outsider. a little bit of a feel that president obama knows what he wants to do and is looking for someone to get it through congress, to fight these battles and not so much for to give him new direction. >> ken, it's good to have you on the program. >> pleasure. >> thank you so much. >>> up next, we're "on the money," how would you feel about take an $11 million pay cut? >> i think it's appropriate and the board had a very tough decision to make. >> my conversation with jpmorgan chase ceo jamie dimon about his compositi composition, the housing market, and the u.s. economy. >>> and is the world big enough for two oprahs? i'll talk to the woman known as china's oprah who is a media mogul in her own right. as we take a break, look at how the stock market ended the week. >>> make no mistake about it, jamie dimon says what he says and me
new treasury secretary coming? >> i don't know him, maria, so it's hard for me to have any personal judgment. i was surprised by it. it's not something i was expecting. i'm a complete outsider. a little bit of a feel that president obama knows what he wants to do and is looking for someone to get it through congress, to fight these battles and not so much for to give him new direction. >> ken, it's good to have you on the program. >> pleasure. >> thank you so much....
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very good. >> new treasurer. >> the new treasury secretary. would you trust, turn this around. trust a man with that signature. >> no. >> trust a guy who signs a name like that? >> a little gobbledygook there, oh, my. >> huh. >> is that for real? >> oh. >> no. >> well, wait it looks like something a two-year-old could have drawn. >> it looks like a two-year-old. he should be back in penmanship when they had to teach you in third great. >> i think that he might want to consider doing what geithner did and change it and make it a little bit more official looking. >> you're the most informed washingtonian, you know that geithner changed the signature. there's hope, someone knew the right answers. >> hi greta. >> this is a fox news alert. the colorado movie massacre suspect will go to trial. just a short time ago, a colorado judge ruling there is enough evidence for james holmes to stand trial on all 166 counts. holmes is accused of opening fire during a midnight showing of a batman movie. 12 people were gunned down and murdered. 70 injured. holme
very good. >> new treasurer. >> the new treasury secretary. would you trust, turn this around. trust a man with that signature. >> no. >> trust a guy who signs a name like that? >> a little gobbledygook there, oh, my. >> huh. >> is that for real? >> oh. >> no. >> well, wait it looks like something a two-year-old could have drawn. >> it looks like a two-year-old. he should be back in penmanship when they had to teach you in third...
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Jan 10, 2013
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the president giving penmanship lessons to the new treasury secretary nominee. >> i was betting to makethe jack lew reference in the introductory remarks. i find it fascinating. both tim geithner and jack lew speaking, tim geithner never i think his default position is his face it looks he never looks happy to be there. he may have been but he didn't look that way. jack lew i think got a very nice description from the president, low-key, someone that gets things done and what we hear about him. >> well, thanks to you, chris, our great thanks to ruth marcus and susan paige and elizabeth bue-miller. it was fun today. that does it for this edition of "andrea mitchell reports." tamron hall is here with a look at the next hour. >> we are following several big stories. coming up, the minister set to deliver the benediction at the president's inauguration withdraws after comments in the '90s of gay rights and referred to as the homosexual lifestyle. the inaugural committee said it was unaware of the minister's past. right now, vice president biden is meeting with the nra. the vice president sa
the president giving penmanship lessons to the new treasury secretary nominee. >> i was betting to makethe jack lew reference in the introductory remarks. i find it fascinating. both tim geithner and jack lew speaking, tim geithner never i think his default position is his face it looks he never looks happy to be there. he may have been but he didn't look that way. jack lew i think got a very nice description from the president, low-key, someone that gets things done and what we hear...
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that's how jack lew, the president's nominee to be the new treasury secretary, that's how he signs his name. he says he has no plans to brush on on his penmanship. he previously served as budget director and was an executive at citigroup. >>> why police are saying this guy's wife set him up. >>> a legal loophole in some rape cases. why the senate refused to change the law because it didn't want to put anybody else in prison. every time someone chooses finish over cascade, it sparks a movement. because people can't keep it to themselves. look ! no ugly spots ! awesome! incredible shine. i'm switching for good. love, love, love finish! over a million people have switched to finish. visit us on facebook. lysol believes no toilet is complete, until it's completely clean. lysol toilet bowl cleaner kills 99.9% of germs and removes stains better than clorox toilet bowl cleaner with bleach. so if you want to do the whole job, lysol's got you covered. lysol believes no toilet is complete, until it's completely clean. lysol toilet bowl cleaner gives you maximum coverage from the rim down to the
that's how jack lew, the president's nominee to be the new treasury secretary, that's how he signs his name. he says he has no plans to brush on on his penmanship. he previously served as budget director and was an executive at citigroup. >>> why police are saying this guy's wife set him up. >>> a legal loophole in some rape cases. why the senate refused to change the law because it didn't want to put anybody else in prison. every time someone chooses finish over cascade, it...
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Jan 28, 2013
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in today's cover story, it's good-bye geithner, as a new treasury secretary prepares to fill his shoes. economic healing: a look at how far we've come since the financial crisis, and how much further we have to go. and, it's a landlord's market. is it time for renters to buy? plus, why america's love of football could create a new national holiday. and as stocks soar, is it time to sell? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, january 28th. i'm angela miles. in today's first look: the s&p 500 winning streak. the s&p closed above 1,500 friday. that's the first time since 2007, and it caps off the longest winning streak since 2004. as investors disconnect from apple stock, the tech giant is losing its status as king of the stock market. exxon is back on top with a $417-billion market cap versus apple's $412. apple dropped $76 last week. the federal reserve begins a two-day meeting tomorrow on monetary policy and interest rates. and reports say u.s. air and american airlines may soon have
in today's cover story, it's good-bye geithner, as a new treasury secretary prepares to fill his shoes. economic healing: a look at how far we've come since the financial crisis, and how much further we have to go. and, it's a landlord's market. is it time for renters to buy? plus, why america's love of football could create a new national holiday. and as stocks soar, is it time to sell? first business starts now. you're watching first business: financial news, analysis, and today's investment...
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Jan 10, 2013
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that's how jack lew, the president's nominee to be the new treasury secretary, that's how he signs his name. he says he has no plans to brush on on his penmanship. he previously served as budget director and was an executive at citigroup. >>> why police are saying this guy's wife set him up. >>> a legal loophole in some rape cases. why the senate refused to change the law because it didn't want to put anybody else in prison. >>> and spakooli to the rescue. his >>> we told you last night about the life and death struggle after a man discovered a burglar inside his apartment. investigators are now telling us these four people were behind the scheme to scare the man. one of the partners in crime ended up getting stabbed to death in the process. christin ayers back where she was last night at that apartment complex in pittsburg. christin, what's the latest? >> reporter: well, this story has definitely taken a bizarre twist. when this all happened yesterday, it sounded pretty straightforward. police told us a man stabbed an intruder who was breaking into his home. today police are saying th
that's how jack lew, the president's nominee to be the new treasury secretary, that's how he signs his name. he says he has no plans to brush on on his penmanship. he previously served as budget director and was an executive at citigroup. >>> why police are saying this guy's wife set him up. >>> a legal loophole in some rape cases. why the senate refused to change the law because it didn't want to put anybody else in prison. >>> and spakooli to the rescue. his...
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. >>> the debt ceiling, new treasury secretary, will washington be an on stockles to the market and the economy or will washington be a help? joining me now is geg i and author of "the economist" and jerry webman, chief economist at oppenheimer funds. thanks for joining us. >> hi. >> greg, let me kick this up with you. president obama's pick for treasury secretary, chief of staff, jack lew, will take over for timothy geithner. is this a missed opportunity to be friendly to business, the business community, or is this a new call since it appears that nobody on earth knows this better than mr. lew. >> well, i think jamie dimon would build business between the community which feels a little bit alienated by the administration's first-term policies and mr. obama. but what they got is a guy -- not one of them, but does know the budget really well and the clearly the main challenge on the economic front for the first year is going to be on the fiscal front. insofar as jack lew has the trust of the president is in power to make deals, i would say that is is a positive. you do have to keep in m
. >>> the debt ceiling, new treasury secretary, will washington be an on stockles to the market and the economy or will washington be a help? joining me now is geg i and author of "the economist" and jerry webman, chief economist at oppenheimer funds. thanks for joining us. >> hi. >> greg, let me kick this up with you. president obama's pick for treasury secretary, chief of staff, jack lew, will take over for timothy geithner. is this a missed opportunity to be...
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Jan 21, 2013
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you say he brought tim geithner he new treasury, out of tne ne york fed. you write, 'tim played a staff role, and had been the mechanic of the bailout programs. hank and ben treated him like staff. he had been elevated for all the wrong reasons and had every expectation tim would continue his citigroup friendly policy." did he continue the citigroup friendly policy and did they make out better with him as secretary? >> there is no question. the government was quite generous. just about every mistake in the book -- >> bob rubin was worth millions and never punished in any way. >> i don't get it. he shows up in conferences and in -- i can tell he never real ly accepted responsibility for any of this. he helped create the beast and he was secretary of the treasury and to go become the chairman or executive chairman -- a beneficiary of this major change, it was terrible. >> another piece you were involved in, suzie ormann and sheila bair. >> ever lose one of these? everyone has except those whose money is in the fdic. good to know in times like these. here's t
you say he brought tim geithner he new treasury, out of tne ne york fed. you write, 'tim played a staff role, and had been the mechanic of the bailout programs. hank and ben treated him like staff. he had been elevated for all the wrong reasons and had every expectation tim would continue his citigroup friendly policy." did he continue the citigroup friendly policy and did they make out better with him as secretary? >> there is no question. the government was quite generous. just...
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president obama is expected to nominate his new treasury secretary today. jack lew with replace geithner. he is currently the chief of staff. he previously served as budget director and was an executive at citigroup. >>> a crazy new signature will be on our money if the president gets his way of this is how jack lew signs his name. the white house says he has no plans to improve his penmanship so start checking the ones. >>> vice president joe biden will meet today with the national rifle association and executives from walmart one of the nation's biggest gun retailers. cbs reporter susan mcginnis says, this is part of a series of meetings this week in an effort to change gun control laws. >> reporter: customers outside washington, d.c. say they are keeping a close eye on gun cell talks taking place inside the beltway. >> i don't think restricting, you know, people's right to -- second amendment rights would be a solution here. >> reporter: cbs news has learned the white house is looking at several new laws including reinstating the assault weapons ban that
president obama is expected to nominate his new treasury secretary today. jack lew with replace geithner. he is currently the chief of staff. he previously served as budget director and was an executive at citigroup. >>> a crazy new signature will be on our money if the president gets his way of this is how jack lew signs his name. the white house says he has no plans to improve his penmanship so start checking the ones. >>> vice president joe biden will meet today with the...
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Jan 14, 2013
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. >>> the debt ceiling, the new treasury secretary, so will washington be an obstacle to the markets actually be a help? joining me now, greg ip, u.s. economists editor of "the economist" and author of "the little book of economists" and jerry webman. gentlemen, good to see you. thank you so much for spending the time. >> hi, maria. >> president obama's pick for treasury secretary we learned officially this week. his chief of staff, jack lew, will take over for timothy geithner. is this a missed opportunity to be friendly to business, the business community, or is this a good call, since it appears nobody on earth knows the budget better than mr. lew? >> well, i think wall street and the business community would indeed have liked somebody who was perhaps of their own ranks. somebody like a jamie dymond or larry fink, who could build bridges between the business community, which feels a little bit alienated by the administration's first-term policies. and mr. obama. but what they got was a guy who, while not one of them -- at least does know the budget really well, and clearly the mai
. >>> the debt ceiling, the new treasury secretary, so will washington be an obstacle to the markets actually be a help? joining me now, greg ip, u.s. economists editor of "the economist" and author of "the little book of economists" and jerry webman. gentlemen, good to see you. thank you so much for spending the time. >> hi, maria. >> president obama's pick for treasury secretary we learned officially this week. his chief of staff, jack lew, will take...
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Jan 12, 2013
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first, new treasury secretary jack lew -- a veteran of the clinton and obama white houses - who will succeed timothy geithner. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, "having lew on your team is the equivalent as a coach of having the luxury of putting somebody at almost any position and knowing he will do well." gwen: so what does lew's appointment tell the senators who must confirm him about what comes next in our epic budget fights? david? >> i think it tells us that the president anticipates that this year will be a year dealing with taxes and spending and deficits. it will be the fifth year in which we have a trillion dollar deficit and jack lew has been budget director in two administrations. unlike timothy geithner, he has very little experience in finance. that was geithner's strong point. he has very little experience in international. that was geithner's background. this is a guy who knows budget and knows congress. it sort of marks a punctuation point in the financial rescue. geithner was part of the rescue at the ne
first, new treasury secretary jack lew -- a veteran of the clinton and obama white houses - who will succeed timothy geithner. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, "having lew on your team is the equivalent as a coach of having the luxury of putting somebody at almost any position and knowing he will do well." gwen: so what does lew's appointment tell the senators who must confirm him about what comes next in our epic...
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Jan 9, 2013
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we learned today that president obama will nominate white house chief of staff jack lew as the new treasurytary. and his signature will appear on every bill in our wallets. but when we looked up that signature, there it is. one person described it as a slinky that lost its spring. lew says if confirmed, he'll try to improve his penmanship. >>> and, what is your monopoly identity? do you go for the dog, the hat, the thimble? today, monopoly announced they'll retire one of those tokens. and we, together, get to choose which one. so, you can vote online. the betting pros, by the way, say the wheelbarrow is the most likely to go. you can also vote for a new token, either a cat, a robot, a helicopter, a guitar or a diamond ring. i like the wheelbarrow. oh well. if you see something out there for our "instant index," be sure to tweet it to me, @dianesawyer. >>> and, coming up next here, we saw her take home gold in london. so, why was missy franklin so nervous for a high school swim meet? hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity ira. man: okay, no problem. i
we learned today that president obama will nominate white house chief of staff jack lew as the new treasurytary. and his signature will appear on every bill in our wallets. but when we looked up that signature, there it is. one person described it as a slinky that lost its spring. lew says if confirmed, he'll try to improve his penmanship. >>> and, what is your monopoly identity? do you go for the dog, the hat, the thimble? today, monopoly announced they'll retire one of those tokens....
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attention for a different reason jack lew is president obama's pick to replace timothy geithner as the new treasury secretary it's a name you've probably heard a lot about as of late here's why in the only do you what this you you could be seeing a lot of but everyone still talking about treasury secretary nominee jack lew's look be signature new york magazine says it has been called the worst autograph in washington jack assures me that you're going to work to make at least one letter legible one of our producers found what could be the true inspiration for the treasury secretary nominee is unique signature so here's a few things you didn't know about the man as c o n y u he helped bust graduate student worker unions he was the c.e.o. of citi group swells and management group an alternative investment groups and told congress he didn't personally know the extent to which deregulation drove the financial crisis but i don't believe that deregulation was the proximate cause that's a quote from jack lew now president obama is sure to face some contention when it comes to chuck hagel nomination for def
attention for a different reason jack lew is president obama's pick to replace timothy geithner as the new treasury secretary it's a name you've probably heard a lot about as of late here's why in the only do you what this you you could be seeing a lot of but everyone still talking about treasury secretary nominee jack lew's look be signature new york magazine says it has been called the worst autograph in washington jack assures me that you're going to work to make at least one letter legible...
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. >> with a new treasury secretary who will drive a hard bargain. that does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. next. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now y
. >> with a new treasury secretary who will drive a hard bargain. that does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. next. [ male announcer ] where do you turn for legal matters? at legalzoom, we've...
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Jan 12, 2013
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. >> with a new treasury secretary who will drive a hard bargain.does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. three balanced budgets. next. you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. lori: our next guest will talk about the pick to replace treasury secretary tim geithner we will talk about jack lew who has served at the treasury department under clinton and obama. is great to see you again. jack lew claim to fame to create a surplus bet americans are up in arms? >> nobody has a better resonate and jack lew who was an aide to tip o'neill during the reform of social security. republicans are
. >> with a new treasury secretary who will drive a hard bargain.does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. three balanced budgets. next. you get personalized and affordable legal protection. in...
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. >> with a new treasury secretary who will drive a hard bargain. that does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. cook it safe! challenge. in this round, teams must read and follow package cooking instructions and know your microwave wattage. 1,100 watts. you can find the wattage in the owner's manual, on the appliance label, or by contacting the manufacturer. each team has been given a frozen entree to safely prepare. oh, wait, what is the wattage of the microwave? whatever! ooh, sorry, team 2, you get a red card for not checking the cooking instructions and not knowing the wattage. wattage? it won't just cook? microwaves have different wattages. i told you we should have checked the package instructions and checked the wattage of the microwave! it's not cooked saf
. >> with a new treasury secretary who will drive a hard bargain. that does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. cook it safe! challenge. in this round, teams must read and follow package cooking...
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Jan 17, 2013
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he would replace jack lew who the president nominated to be the new treasury secretary. >>> and following a new lead in the jimmy who have that case -- jimmy h o f a. he spent a lot of years tied to organized crime. he disappeared from a detroit restaurant but he was told where jimmy's body was buried after he was released. >>> well police in berkeley are searching for a man who was robbed at gunpoint. it opened 25 minutes after they opened for business and -- it happened 25 minutes after they opened for business. he got away with an underdisclosed amount of cash. >>> james is being charged with the murder and they were seen leaving together and one man's body was later bound and gagged and his home had been burglarized. sal, i know it is early, how are we doing? >> we are okay and in fact this is the time when you are having a little bit of a break, dave if people want to get into the city for an important meeting or drive into the valley, let's look at 280, we are starting on the peninsular in fact from 380, the drive time there is 8 minutes from 380 down to san mateo and right now it i
he would replace jack lew who the president nominated to be the new treasury secretary. >>> and following a new lead in the jimmy who have that case -- jimmy h o f a. he spent a lot of years tied to organized crime. he disappeared from a detroit restaurant but he was told where jimmy's body was buried after he was released. >>> well police in berkeley are searching for a man who was robbed at gunpoint. it opened 25 minutes after they opened for business and -- it happened 25...
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recession the kinds of things that are being talked about by congress and the white house and the new treasury secretary point the jacob lew are going to make a recession more likely because they're talking about on this very austerity that will take more money out of the economy at the exact like bleeding the patient. in old malpractise it's we need to the opposite this country is a collapse is still going on we need to move toward more stimulus we need to be building the economy up not taking money out insuring it we're going to see an obama recession if that's the path they pursue and it's a path that's going to undermine the elderly and the poor because they're talking about cuts to social security medicare and medicaid as well as social programs are much needed some of it on to some international relations issues how much of an obstacle is obama's asian pivot to u.s. china relations. well that's you know the asian pivot is a massive change in policy of united states moving many resources into the asian pacific area certainly in circling china in not just on land but also on the sea pickin
recession the kinds of things that are being talked about by congress and the white house and the new treasury secretary point the jacob lew are going to make a recession more likely because they're talking about on this very austerity that will take more money out of the economy at the exact like bleeding the patient. in old malpractise it's we need to the opposite this country is a collapse is still going on we need to move toward more stimulus we need to be building the economy up not taking...
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Jan 14, 2013
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. >> with a new treasury secretary who will drive a hard bargain. that does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. three balanced budgets. next. this is $100,000. three balanced budgets. next. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. music i want some more. what's he doing? but he can't. look a
. >> with a new treasury secretary who will drive a hard bargain. that does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. three balanced budgets. next. this is $100,000. three balanced budgets. next. we...
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Jan 14, 2013
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. >> with a new treasury secretary who will drive a hard bargain. that does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. three balanced budgets. next. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. and i wished it would just go away. [rock music playing] it was my adhd. and like many kids with adhd, i didn't outgrow it. one of the issues i had was not being able to focus. i would read and i would reread the same sentence. you'd read it over and over and over again. and then, five minutes later, i wouldn't know what i just read. it wasn't sticking with me. it wasn't s
. >> with a new treasury secretary who will drive a hard bargain. that does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. three balanced budgets. next. you know how painful heartburn can be. for fast, long...
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Jan 11, 2013
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and yesterday president obama named his new treasury secretary, jack lew.k lew who has one thing in common with president obama's last three presidential nominations, john kerry, chuck hagel and john brennan they are all white males. does the president have a diversity problem? hey, we'll get into that. afterall, he is the first african-american president. but first the latest out in los angeles, here she is with today's current news update, lisa ferguson. hi, lisa. good morning. >> hey bill. good morning everyone. vice president joe biden continues his talks on gun control today. he's meeting at 2:15 this afternoon with representatives from the video gaming community along with researchers who study the effects of simulated violence on young kids. last night's meeting with the hollywood entertainment industry went relatively well according to representatives at the meeting. they said the industry appreciates being included in the dialogue and looks forward to doing its part in seeking meaningful solutions. it still is not quite clear though what more washi
and yesterday president obama named his new treasury secretary, jack lew.k lew who has one thing in common with president obama's last three presidential nominations, john kerry, chuck hagel and john brennan they are all white males. does the president have a diversity problem? hey, we'll get into that. afterall, he is the first african-american president. but first the latest out in los angeles, here she is with today's current news update, lisa ferguson. hi, lisa. good morning. >> hey...