she oversaw a $50 obama portfolio of -- she oversaw a $50 billion portfolio. at a time when support was desperately needed, she took a smaller staff and grew annual lending from $2.5 billion to over $10 billion. she as served for a year now as acting commissioner for f.h.a., where she's worked to weed out bad lenders, ensuring greater stability and increasing counseling, resources for borrowers because as we look over what happened in the housing sector, we know people bought homes who shouldn't have bought homes, lenders took advantage of them, and everybody was in the mix in terms of why things went so sour. carol's accomplishments have been recognized through numerous honors, including inductions into the hall of fame by bay area business leaders in california. she's been recognized by the california home building and the california housing suprem conso, so she gets support from everybody, from the builders, from the homeowners, from the renters. she has strong support of a broad coalition, and i'd ask unanimous consent to place in the record a letter from

obama administration, i really thought that she was qualified for this. >> governor o'maley, this, as the governor said, wasn't even in her portfolio. president obama said today in a statement while i deeply regret the unfair and misleading attacks on susan rice in recent weeks, her decision demonstrates the strength of a character and an admirable commitmented to rise above the politics of the moment. now, you and i certainly may admire what she's done and say that it is certainlyly that it is certainlyl showing a stateswoman-like quality. but it's certainly doing an unfairness to her and may never address it to those who never had it in her purview and correct it if they felt it needed correcting. >> well, i think, sadly, ambassador rice was a target of opportunity for a party that tends to spend a lot more time and a lot more energy on obstruction. so i think her statement was very, very mag nam mousz. i think she showed the true content of her kashlgter. and i believe that she's going to continue to serve our country. but i do think it's a sad day for the public when these sorts of falsehoods and unfair attacks can tie up a senat

[laughter] part of the obama administration push all of the above strategy does not matter if it works. we should have a diverse portfolioor those that are viable. the view is not winter solar but in the shale revolution the subsidies are 10 times greater. why we neglect oil and gas? full-court press to get extended and and now the subsidize more than 20 years and then they could produce on their own without some cities thank you for being here. good times on a friday night. - big week forrganized labor a stunning defeat in michigan and the right to work a lot that part was look covered but was largely ignored was this. union members desperately a clinging to power violence violence, assault and destruction of private property. will anybody be charged? why are some looking the other way? lou dobbs joins us tonight. this infuriates you? >> at the same time we should get used to the fact that daschle liberal media will make choices that are inexplicable other than their own by as. what we watched it was conservative comedian being punched and he shows that he could take a pretty good punch but cbs, nbc left this part of th

portfolio? >> susie: and sprint agrees to pay just over $2 billion to buy the rest of cellular technology company clearwire it doesn't already own. >> tom: that and more tonight on "n.b.r."! >> susie: president obama and house speaker boehner met for new negotiations today. after the 45 minute meeting, the white house said "more needs to be done," and boehner's camp said the president is receptive to the new concessions. they include, dropping opposition to the president's demand for higher taxes on the wealthiest americans and an automatic extension of the federal debt limit. it was the third face-to-face meeting between the president and boehner in eight days. darren gersh has the latest. >> reporter: house speaker john boehner wasn't talking after meeting with the president today. but his offer to raise taxes on those making more than a million dollars a year was taken as a sign that some progress is being made to avoid the fiscal cliff. former clinton budget director alice rivlin expects the final deal will play out in two steps. first the president and the speaker agree on some numbers. >> how much do we need over ten years from taxes and some specifics about how we get them. but not too many

president obama takes center stage as he nominates john kerry to be his next secretary of state and then as the fiscal cliff follies continue i'll tell you how you can protect your portfoliore turning out to be trying times. power lunch at the top of the hour. back to you. >> thanks so much. we'll see you in about 15 minutes. the fiscal cliff stalemate is the driving force behind today's big selloff but what is your best strategy if you're investing for the long run? michael fred ricks has more than $15 billion under management as head of retail asset allocation for black rock's multi asset group. great to see you on the show. welcome to "halftime." >> thanks for having me. >> it is a great day to have you. you told our producer yesterday you've been adding to your risk exposund t get out of core bonds and into stocks. feeling a little shake by about that call? >> this impasse isn't a big surprise to our team. we've been running very low levels of risk in our funds for the better part of the last several months. and took advantage of very low levels of volatility to do things like buy put protection on the s&p for selloffs just like this. so i'm sure that this tap dance i

were out there, president obama couldn't lead his way out of a paper bag with a fist full of 20s and a tank. then right after the storm was i need to rethink the core of my portfolio i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> the week before the storm, you were out there, president obama couldn't lead his way out of a paper bag with a fist full of 20s and a tank. then right after the storm was over, you were like this man is a leader. doesn't that -- doesn't that tell you something about the game? what does that tell you about the game? >> what it tells me is people have different skill sets at different times. that's what it tells me. >> i see. so he wasn't a leader until you needed leadership? >> when it comes to his relationship with president obama, new jersey's republican governor chris christie is st

obama promising a veto. we will be live on capitol hill where the situation is changing by the minute. dennis: what ifs for your stock. three scenarios facing your portfoliom the fiscal cliff. to not mrs.. cheryl: it is looking like a very white christmas in the midwest and retailers are worried it will take a bite out of last-minute sales. dennis: and coming up on our week-long series stocking up for the holidays, how you can cash in on teen retail. cheryl: we are coming up on the top of the hour. stocks every 15 minutes, nicole petallides standing, stock exchange. really a mix trading day, not a lot of direction. how is volume? nicole: volume at two thirty-nine million shares changing hands, the fear index slightly to the upside, the dollar, same thing slightly stronger, commodities pulling back, gold is the story when you look at the big board because it is down $28 but we focus on these equities, you can see the dow holding above 13,200, one of the names that was weighing in the dow was merrick because of the cholesterol drug, with stock about j. b. holmes growing exponentially over the last 52 weeks. the fourth quarter net was going to fall 44% in th

portfolios. >> a credit picker's market. sounds like it, anyway. allen capper, thank you so much. >>> still to come on the program, it's wheels up for air force one as president obama jets back to washington early from his hawaiian holiday. the we expect any real progress to be made on the fiscal cliff? >>> welcome back to "worldwide exchange." i'm kelly evans. these are your headlines from around the world. president obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff. meanwhile, the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen is hitting a two-year low against the dollar as the new japanese battle vows to lower deflation. exports rise pushing the nikkei to its strongest gain in seven years. >>> and shares in toyota trading higher after the japanese carmaker settles a major u.s. class action lawsuit. it said the $1 billion payment is already priced in. >>> treasury secretary tim geithner says the u.s. will hit the $16.4 trillion debt ceiling on monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $

obama's first inauguration and the one being planned for next month. details when we run. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfoliolly need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical condi