workforce are going to be key drivers of future gdp growth. >> you worked at goldman sachs when steve mnunchin there. what can you tell us about the new treasury secretary designee? >> i'll decline to comment about political appointees other than to say i know steve and got along with him and worked with him for many years. >> do you think he'll make a good secretary? >> he's an outstanding person and i've always thought highly of him. >> kayla? >> as the fed raises interest rates, it obviously becomes more expensive for the country to issue and service its debt. as congress begins to consider and write new policy, new spending programs, what should it consider when trying to budget for our own interest in this country? >> i will not be so presumptuous as to advise congress on what they should consider, but i would say that in thinking about it, what i think about is the big secular drivers again. they should think about the workforce and the fact that it's impacting the dependency ratio, meaning 30 years ago workers were here, dependents were here. today it's shifting. as we age, there are a

will name steve mnunchin as treasury secretary. donald trump is having a prive dinner with mittomney tonight. discuss the secretary of theo ate he met with bobker, chairman of the senate foreign relations committee. and he picked elaine chao to be of senator majority leader mitch mcconnell of kentucky. what i have proposed, the use of drones in the city to change public safety. ben: some say using john's for public surveillance is going to far. jc: and mario but tally has for staurants and re care of that. anchor: downpours now. the timing of the rain m help somewhat with the evening commute. ben: another award for rick porcello. see what new hardware he will adding to his trophy shelf. anchor: a half hour of news at the top of the hour. j.c. monahan. ed hardy. jc: fighting crime from above. a city councilor in new bedford wants police there to use drones in high-crime areas. new at 6:00, newscenter 5's todd kazakiewich reports the proposal is raising privacy concerns. >> y are looki at one of the two drones in the w bedfd police a

among those in the building were ted cruz and jeff sessions and steve mnunchin. >> we are making sure we get the biggest tax bill passed. may already be showing signs of turmoil. just days after new jersey governor chris christie was removed from his role as transition chair, former republican congressman mike rogers announced he was quitting the effort. in a tweet, elliott cohen, a former state department official under bush 43 called trump's team angry and arrogant and urging colleagues, quote, to stay away. back on capitol hill, democrats kept up calls for the bannon as chief strategist. >> as long as a champion of racial division is a step away from the oval office, it will be impossible to take trump's efforts to give a nation seriously. >> reporter: the republican governors gathered in orlando had a different view. >> he gets to choose whoever he wants to select. >> reporter: inauguration day is a little more than two months away. the trump transition did clear one hurdle last night. vice president-elect mike pence spent a letter of understanding detailed briefings be sent to th

among those in the building were ted cruz and jeff sessions and steve mnunchin. >> we are making sure we get the biggest tax bill passed. >> reporter: trump's transition turmoil. just days after new jersey governor chris christie was removed from his role as transition chair, former republican congressman mike rogers announced he was quitting the effort. in a tweet, elliott cohen, a former state department official under bush 43 called trump's team angry and arrogant and urging colleagues, quote, to stay away. back on capitol hill, democrats kept up calls for the president-elect to fire steve >> as long as a champion of racial division is a step away from the oval office, it will be impossible to take trump's efforts to give a nation seriously. >> reporter: the republican governors gathered in orlando had a different view. >> he gets to choose whoever he wants to select. >> reporter: inauguration day is a little more than two months away. the trump transition did clear one hurdle last night. vice president-elect mike pence spent a letter of understanding the trump administration going

. >> on that note, let's listen to steve mnunchin. here's what he said this morning on this very network on squawk. he is the pick for treasury. >> we want to strip back parts of dodd frank that prevent banks from lending, and that will be the number one priority on the regulatory side. >> that's what he is talking about. >> regulatory, and they also got into -- >> there's a rally today, right? >> absolutely. he talked about the simplifying everything essentially is what they were talking about. whether it was taxes or going over to the regulatory side. it was all about what we could do as a country and how could we do a better job as a business side of our country. that's what really -- >> take that even broader, and here's what has me really excited. the banks i agree. b of a and schwab, went back into it. luk, which chris was talking to me about. under followed. great, great story. here's what's got me really excited. the banks haven't been able to lend. i'm with hedge funds all day long. one of the biggest strategies that's grown

. >>> now back to the news of the morning -- donald trump picking steve mnunchin and wilbur ross formmerce secretaries. listen to mnunchin on interest rates earlier this morning on "squawk box." >> i think that interest rates are going to stay relatively low for the next couple years. and we're in a period of time of low interest rates and i think we'll stay there. and interest rates have come up a little bit, which i think makes sense. and i think we'll be looking at the treasury all different types of opportunities. we'll look at potentially extending the maturity of the debt, because eventually we are going to have higher interest rates, and that's something that this country is going to need to deal with. >> and on that note, let's go out to rick santelli in chicago with a special guest. hi, rick. >> hi! a special guest and a mets fan all in one! my buddy, mohamed el erian, in person. mohamed, comment on that sound bite. >> he's right, interest rates will be lower than they have been in the past, but they will be going up as the market prices in the prospect for higher growth and

. >> a lot of hard work going on chairman steve mnunchin visited ved and is recommended as treasury secretary. goldman sachs and democratic fund-raiser, mnunchin is favored as one of trump's top campaign officials. mnunchin said this when asked by charlie rose if he would be treasury secretary. >> i'd be honored to serve this country and serve donald trump in any role that he wants me in. >> reporter: president obama who knows plenty about white house echo criticism of steve bannon's appointment as a top white-r white house aide. bannon standed criticized as being anti-semitic. >> it will be up to him to set up a team that will serve him well. >> reporter: mr. obama had this to say -- >> federal government and our democracy is not a speed boat. it's an ocean liner, as i discovered when i came into taken calls from several heads of state, among them russian president vladimir putin during that call, he said he hoped to forge a strong relationship between the russian people and it's government. >>> and cbs news has learned mr. trump's transition team is exploring how some of his kids could get