the white house timothy geithner on capitol hill today. he went there empty-handed to meet the party leaders. house speaker john boehner who has already offered to raise tax revenue finds himself not in a negotiation, but rather competing in the white house media campaign. this is how speaker boehner reacted earlier today to the demands of the white house that were laid out by timothy geithner in a closed-door meeting. the treasury secretary reiterating the president's call for $1.6 trillion in new tax revenue and timothy geithner rrently offering nothing in return. in lieu of federal pending. >> first, despite the claims that the presint supports a balanced approach, democrats have yet to et serious about real spending cuts. secondly, no progress has been made in the talk between the white house and house over the last few weeks. this is not a game. lou: press secretary jay carney doesn't understand what speaker boehner sid. jay carney said the president is open tideas as long as those ideas include a tax hike on the top 2% of the nations

one scored from the treasury treasury over foreign exchange swaps during this transition out for timothy geithner bob english is here to talk about it all from studies out feet plus third quarter g.d.p. growth was revised up to two point seven percent up from the two percent gain previously reported by the commerce department and just short of expectations now reports are that this gain could reverse but more important than that should we put stock in g.d.p. as a measure of the economy's health at all we'll discuss and earlier this week we asked the natural commentator peter schiff about his hyper inflation calls. i know that you're saying you can't predict when this is going to happen but why haven't we seen that happen well you know i guess i still say the hyperinflation is the worst case scenario. that interview received traction from a certain new york times economist will discuss in loose change let's get to today's capital account. today we'll forget about the fiscal cliff for a moment and talk about some other deadlines approaching that may create a potential regulatory cliff for

calling a regulatory cliff of sorts big banks are able to crawl back from the ledge with the help of timothy geithner's treasury geithner is making some major moves before he has for the door and one which we've seen recently is the final word that foreign exchange swaps from dodd frank derivatives regulation are exempt for context according to bloomberg big banks like u.b.s. and deutsche bank lobbied for this exemption and here is a sense of why foreign exchange contracts were the second largest source of derivatives trading revenue for u.s. bank holding companies in the second quarter the company's reported three point one billion dollars in revenue on trading of foreign exchange derivatives foreign exchange swaps and forwards are part of a four trillion dollar global daily market for foreign exchange but is that really all because actually it could be more than that our guest put together this chart showing outstanding over the counter derivatives take a look ok so making up the largest swath of that is interest rate swaps three hundred seventy nine point four trillion dollars there but d

>> timothy bradley has scored an unset split decision victory over manny pacquiao.nows how. >> i said, am i in boxing? what is -- what sport is this? because i've been in boxing 21 years, and this is my first time to encounter on that one sided fight where my opponent hop the fight. >> in the dressing room afterwards, fighter and trainer could only chortel through their bewilderment. [ inaudible ] [ inaudible ] >> in the days and weeks that followed, conspiracy they ares abounded how the judges reached their decision, with calls for investigation from any number of quarters. nowhere was the result more controversial than in the fi philippines, where even the fighter's mother fainted when she heard the decision and weighed in on television. >> at first, a rematch seemed the only next step. but as serious discussions begap for pacquiao's next fight, the boxer saw a different familiar foe as an even more satisfying fit. >> what i need to prove to bradley? i don't think that people will be interested in the fight. i decide to fight again with marquez for the fourth time

i think timothy geithner. could use some poker talks he was hardcore on the fur but having to stick to the gutter has to speak no one that's what i was just like getting back to defer yeah we'll so be it with the president i know i think yeah not a good idea well turbo tax what he. what he can do if he so chooses if it comes to this if the president and congress fail to come to an agreement is he can evidently affect what is withheld from people's paychecks you know what even if we go off the fiscal cliff of a deadly timothy geitner can say oh you know what don't withhold is much from their paychecks as these tax cuts that just expired would have us typically do but he doesn't want you know it's you know this is interesting because it's a star and i just have to say though that this is an example given as like a look we're not totally in trouble if the u.s. goes off the fiscal cliff i think we are in trouble if the treasury secretary says this much authority over what's withheld for like a good for the treasur

timothy johnson. >> you can get the latest health news anytime you want on abc2news.com/health. today you'll find information on a pepsi product that fights fat and does a $1 pregnancy test really work? check it out. >>> start off with a look at maryland's most powerful radar, still some showers toward salisbury, worcester county. other than that we have dried out. those morning rains pretty impressive. the rainfall totals, you'll see over quarter inch of rain. wind dpufts up around 20. it will be blustery and brisk. here's some of the rain totals, a half an inch plus in towson, harford. two thirds in bowie. a fifth of an inch from the eastern shore. a little more west of the d.c. area. all right. take a look at the current setup. it's a clear sky as the sun goes down in baltimore. 46 degrees right now. winds are northwesterly at seven. it's a cold north breeze. sunset occurring at 4:53. weather in motion showing dunn duck, sunshine dominating after that morning rain and cloud cover. pretty nice looking finish but that breeze blowing, beautiful shot at ccbc and the u.s. naval ac

treasury secretary timothy geithner. different things doesn't work and we've had several periods now where there was a choice made to defer. and this political system again. with all the to safer america decides to defer again in the hopes that americans give us more time to come together i think you. mistake. i think timothy geithner could use some poker talks he was hardcore on the for the with the guy has to speak no one that's what i was just like getting back to defer will so be it with the president i know i think you know not a good idea well turbo tax what he. what he can do if he so chooses if it comes to this if the president and congress fail to come to an agreement is he can evidently affect what is withheld from people's paychecks you know even if we go off the fiscal cliff of a deadly timothy geithner can say oh you know what don't withhold is much from their paychecks as these tax cuts adjusted expired would have typically do but he doesn't want you know it's you know this is interesting because it's a sta

, i'm curious, did you ask michael and timothy what happened to their own homes?> reporter: that's funny, while they were in the heart of midtown manhattan working on this, on the other side of the city, of course tim lynch's home was caught in the blackout. he's got no power at all. and michael alacha, his house is where you are in rockaway, and his house was flooded. so while they were focused on the city's problems, they didn't have time to think about their own. >> pelley: john, thanks very much. the hurricane, of course, has overshadowed the presidential election. but it is coming just the same in just six days. polls show president obama and mitt romney in a virtual tie nationally. in swing states that will tip the balance, a new quinnipiac university cbs news/"new york times" poll finds the president ahead by two points in virginia, 49% to 47%. he leads by five points in ohio, 50% to 45%. and the president is ahead by a single point in florida. 48% to 47%. mitt romney took his campaign to florida today, and he was joined by senator marco rubio. he refrained

>> timothy bradley has scored an up set split decision victory over manny pacquiao. >> i said, am i in boxing? what is -- what supports this? because i have been in boxing 21 years and this is my first time to encounter on that one-sided fight and my opponent won the fight. >> in the dressing room afterwards, fighter and trainer could only chortle through their bewilderment. >> good fight, huh? >> you fought a very good fight. you gave the 11th round away. >> yeah. i gave the 11th round. >> and then, so, but you fought smart. angles. >> some round i gave to him. >> but he did not want to fight you after a while. he told me, he would run. >> boom! >> he doesn't want to exchange. >> i told him before, i always told you, he is going to run. >> you said that. >> i said he is going to run. >> and i said no. >> 100%. i will listen next time. >> in the days and weeks to follow, conspiracy theories followed with calls for investigations made from any number of quarters. nowhere was the result more controversial than the philippines, when even his mother fainted when the deci

we begin with darren gersh reporting even a visit by treasury secretary timothy geithner did little to change the mood on capitol hill. >> reporter: house speaker john boehner emerged from his sit- down with the president's negotiating team to declare he was disappointed. two weeks after the election, the speaker said democrats have yet to show what he called "adult leadership." >> right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they are really willing to make. >> reporter: that's not how the white house sees it. the administration called the republican position that tax rates should not change implausible after the election. and the white house warned republicans against using the debt limit as leverage to force agreement. >> asking for... that a political price be paid in order for congress to do its job, to ensure that the united states of america pays its bills and does not default for the first time in its history, is deepl

i would think that timothy geithner s not the man we met i would agree with you.s is actually shocking. i'm going to say that the president won, no contest there. can we get past the campaigning? are really just shows a lack of seriousness. gerri: all right. i would like you to hear eric cantor today. everyone is reacting to the president's plan. here's what he had to say. remap when he won his reelection, we won our reelection. this is not a game. gerri: it was only a matter of time before somebody said rope a dope. you have to bring out all the hyperboles come all the saints. you know, i'm thinking that it's very possible. if you look at the media coverage that republicans are going to get blamed for any mistakes that happen, any deal that is not stuck. when you think? >> here's the thing. you have to remember, for this to happen, you have to have two opponents. so far, we only have one guy in the rain. republicans have come to the table and said let's discuss what we can do moving forward. what we have from the president of him blaming republicans after he laid

timothy geithner arriving on the hill moments ago. geithner is on the senate side then on the house side. art laugher who won the show nor reagan with so many ideas in the 1980 is our guest in 35 minutes. we'll talk to him about it then. martha: yes we will. in the meantime how about those two winning tickets? are they in your hand? they are not in mine. well, the record powerball jackpot was won last night. one person was in missouri, the other one in arizona. no word on whether the tickets belonged to individuals or the big office-type pools who are always so agreeable when dividing things up. what did folks say they would do with all the money out there. >> really, really big house, a couple of cars, motorcycles. 64 mustang. >> lots to the church. lots of money to church to help others. >> quit my job for sure. yes. i will be out of here. i won't even tell anybody. i'll just disappear. martha: that's great. i like the 64 mustang idea myself. adam housley is live in los angeles, so, adam for everyone in the grand canyon and show me

i expect timothy geithner to stay through most of the negotiations and i hope they conclude soon. i think this is an area where the president works extremely closely with the treasury secretary. so that relationship is important. social security also important for the treasury secretary to be able to represent the interests of the financial community and the interests of the administration. i mean when i say interest of the financial community, i mean when he speaks or she speaks and i think it would be great if we e had a woman in this role, when he or she speaks in capitals on the war in china and europe, they speak for the united states economy. so i think of that having some skill to do that is significant. and i think the president this will be one of the most important decisions the president makes. >> we'll all be watching very closely. great to talk to you. thank you. >> gabrielle giffords's says facing the man who tried to kill her was intense. jared loughner was sentenced to life in prison for the shooting in tucson. he told loughner, you may have put a bullet through he

tipped off to be worried about this i mean let's look at the issue of foreign exchange swaps with timothy geitner just gave the final word that he is exempting from dogs frank derivatives regulation the new ones and look at this from from j.p. morgan's complaints are concerns about volcker rule they said in their letter foreign exchange swaps and forwards are the means by which foreign investors convert local currencies into u.s. dollars so that they can purchase u.s. government debt obligations as such liquidity in those products affects liquidity in the u.s. government debt obligations that we believe may reduce liquidity in those products and that in turn may reduce the quantity and u.s. government debt obligations so there is kind of a banking bankers case saying hey better exempt these or else the ability in the liquidity in your debt is going to dry up. yes and it's pretty interesting that almost recollects the so-called paulson's bazooka when he was threatening that the entire financial system would collapse if we do. tarp of course he ended up using tarp for different reasons and

of the year and that even can be awarded but with timothy geithner at least back in the day when that when the ai g. counterparty news came out dimitri i remember going to hearings where members of congress were asking jamie to our excuse me timothy geithner why shouldn't we have you resigned you know why should you even have your job and neil barofsky in his book and we interviewed him he said that congress was some of the members were good allies for him in fighting the fed when he was the treasury when he was sig tarp but look what happens when jamie diamond goes to the hill and sits before members of congress. you're obviously renowned rightfully so i think is me one of the most you know one of the best c.e.o.'s in the country for financial institution jus miss this it's a blip on the radar screen i really appreciate you voluntarily coming in to talk with us but i would like to come away from the hearing today with some ideas on. what you think we need to do. what we maybe need to take apart that we've already done to allow the industry to to operate better where you gamble and i

author timothy egan joins me now. welcome to you. >> thank you, great to be here. >> brown: i think a lot of people will know some of the famous paragraphs, but not the scope of the project. give us a sense of how big this was, what he was after. >> i think a lot of people know something about curtis. but he ended up being the largest traffic odyssey in american history, more than matthew brady, the civil war photographer. he started out wanting to do native american life that was still somewhat intact. he thought it might take him five years. it took him more than 30. he took 40,000 photographs and took them on glass plate negatives, 14 x 17 inch plates that he carried around in his pack and on horse back. he reported more than 10,000 native songs. he ended up doing 2,200 pages of text telling life stories, mythologies, diets, habits, sex lives. it's documentaries of lives and nations and people and one man did it all. >> brown: he had this sense that it is of a vanishing history, right? where did that come from, tho

the treasury secretary timothy geithner, hillary clinton, and leon panetta will leave sometime next year. >> the former democratic committee chair said he will make a second attempt to become governor of virginia. he ran for governor in 2009 but lost in the primary. the lieutenant governor is also seeking the republican nomination. >>d.c. police looking for five men behind a shooting in southeast. it was in the 3100 block of bueno vista terrance. turning now to a developing story coming in from dulles airport. a united airlines flight had to make an emergency landing. >> passengers said the man was yelling and would not sit down and started crying in the aisle. >> they had to restrain his hands. there was a pilot he went back there and basically held him down in the aisle while we landed. >> we are told one person was evaluated by paramedics. we do not know if that was the unruly passenger. a >> twitter might have reset your password by accident. >> good morning. >> if you are a bargain hunter, you already know about black friday. there it is also cyber monday. in recent years small busi

i'll talk about timothy thomas. he was one of the outstanding soldiers have benefited from this partnership. timothy was laid off in 2008. he was having difficulty finding employment. he joined the army reserve in 2010. he took advantage of the employer partnership offered. you probably cannot tell, but that is antonio banderas. you probably cannot tell, huh? [laughter] he took the opportunity to leverage the partnership office and is working for kanai drilling and they're happy to have him. it were extremely happy to have him. he was a soldier who was an asset to the company. uh, i never got to meet antonio. [laughter] there are other companies. a major partner in the employer partnership office is a national trucking company. schneider trucking,they have hired 1800 veterans. they have 180 in one of their programs. -- their apprenticeship program. think about it. you have someone driving an 18 wheeler. they are driving a route in afghanistan or i ran. there is no reason they cannot come here and navigates. -- the k

what about tara lee and timothy ryan? [ laughter ] >> steve: yeah!ntioned their names! >> steve: the escobar family just got a hold of those dudes. >> jimmy: "how to rip off a drug dealer." >> steve: do you know what's a good way to make money? >> jimmy: what's that? >> steve: rip off a drug dealer. yeah. they're not well -- >> jimmy: oh, god. well, this one -- we're down to our last book here. >> steve: aw. [ audience aws ] >> jimmy: this is from our friends across the pond. england, to be exact. >> audience: hey! >> jimmy: hey, very good. >> steve: hey! >> jimmy: you might have read this. "british tits" by christopher perrins. [ laughter and applause ] that's all we have for this edition of my "do not read list." [ cheers and applause ] if you have a book you think should not be on the next "do not read list," i wanna see it. send your titles to our blog at latenightblog@nbc.com. we'll be right back with "night news now." [ cheers and applause ] ♪ [ male announcer ] good news: men use soap. bad news; men use soap that can really dry their skin. fea

timothy johnson. >> teeth whitening treatments will cost you a small fortune to use.e are cheap at home if you like red wine, try snacking on a cube of cheese. it coats the teeth to guard against stains. fruits and vegetables like apples, celeries and carrots can whiten your teeth. they scrub the teeth clone with their crunchiness. >> they stimulate saliva. the saliva will wash away plaque landis coloration. >> and orange peels help remove tartar and baking soda and lemon juice make a great whitener but should be used sparingly because of the acid. you'll find stories on an app that can predict your child's weight and mental health problems for bullies. >> don't for get to floss. >>> here's a new feature that may have you wanting to change your relationship status to it's complicated on afternoon. facebook is taking information about users who are in a relation and creating a page for you as a couple whether you want one or not. the page details your shared posts, events, photos, you were both tagged. is this a good idea or is it over the top? are you going to rethink your facebook stat

new details on the fiscal cliff deal that timothy geithner put on the table today during his meeting with congressional leaders on the hill. these details just coming in. jessica yellin has that and what have you learned about what geithner took you know, listed out with the numbers and put on the table? >> hey, erin, here are some of the details i'm getting from senior officials on both sides. the headline is that he put out a number of $1.6 trillion in new taxes. that was at according to republican officials, a surprise. they expected a much smaller number and that has some republicans crying foul. he proposes extending unemployment insurance. continuing the dock fix. that's approving additional spending on medicare to pay doctors. the amt patch protecting middle income americans. $50 billion in stimulus next year and in return, the administration would offer $400 billion in additional medicare and other entitlement savings next year to be spelled out as they negotiate. there would also be an agreed mechanism for allowing a vote on a debt ceiling increase for perpetui perpetuity. r

trustees grand timothy white's request -- granted timothy white's request for his state pay to be cut 10%. he will make $380,000 about $40,000 less than what he was supposed to get. white takes over at the end of the year. >>> members of a marching band in the south bay are about to have a once-in-a-lifetime experience. they are getting the chance to perform in front of millions and they are sharing the spotlight with another band halfway around the world. valley christian high school is this week's "cool school." >>> reporter: it's quiet in the hills of san jose. ♪ [ music ] >> reporter: but do through the doors of valley christian high school and there's a whole lot of noise. ♪ [ music ] >> reporter: the marching band is hard at work practicing for their next gig. >> we rehearse a lot, and these students are very, very dedicated to the program and more importantly they are dedicated to each other. >> reporter: and their dedication has paid off. they were selected to perform in the tournament of roses parade in pasadena. the parade, watched by 40 million people worldwide, is competit

secretary of state hillary clinton and treasury secretary timothy geithner have expressed the desire to step down. today, u.s. attorney general eric holder spoke with students at the university of baltimore. he said he will have to speak with his family and president obama before deciding to stay on as attorney general. before the election, he indicated he did not know how long he would continue to serve. he told students today he had to ask himself, do i have enough gas in the tank? seven members of seal team 6 have been punished for supporting the development of a video game released last month. u.s. military officials say they paid consultant for electronic arts. nbc news reports they received letters of reprimand and for the half their pay for two months. u.s. army private bradley manning may plead guilty to some offenses. he is offering to take responsibility for some of his less serious charges. that does not include government charges, which are aiding the enemy, which is punishable by life in prison. he opted to be tried by military judge instead of a jury when his call begin

. >>> john boehner and other congressional leaders met with timothy giethner. it appears no progress was made in striking a compromise. boehner says he was quote disappointed with the white house officer. >>> the online gaming company zynga is indy skating it is scaling back its partnership with facebook. facebook says it will not retain what has been called an exclusive deal with zynga. >>> a number of americans filing for job claims has dropped to 393,000. it was the second straight drop after superstorm sandy caused a shark spike in unemployment applications. the four week average rose to 405,000. >>> vets can apply for jobs for up to 30 employees including toyota, home depot and the local police department. >> we're good people. we want to -- we want to work hard. we want to serve that organization. we want to better it. we want to bring in those organizations. >>> there was also a workshop to help veterans polish up their resumes. they've helped more than 14,000 veterans find jobs nationwide. >>> hostess brand says it has a bounty of potential buyers for i

timothy geithner has been closely involved in the eurozone crash crisis, but there may be others as timeoes on, without dramatic changes, that is how it would have wanted it in large part. it is so default -- involved in dealing with its own problems, they would want an extra level of certainty. on key foreign policy issues, those are some of the things that mitt romney has been talking about. the prospect of a possible trade war with china and its currency manipulation, this was sending shivers in to the european capital. they do not agree about everything, but i think it all comes down to the economy. david cameron mentioned that he would like to see much more work done on european union trade deals. these are practical issues that will be the focus over the next four years. >> thank you. heading to tehran, this is a crucial area, of course. do i even need to ask what is being made of another four years of barack obama? and what might happen in the coming months? >> many people in iran are concerned that the republican win would mean war. simply because they think that obama will move

when i looked at the video of everyone at the table at the end of the week, i saw timothy geithner there. he's not talked about very much now. what role can he play in all of this? >> i think he's going -- you get into the nitty gritty details of the tax code, this is probably his last hurrah. likely not staying on as treasury secretary. there's been strained relationships between geithner and john boehner at one point calling for his resignation but they realized they have to get a deal. it's in the best interest of the president to get a deal to use his political capital on immigration reform. but when you get a deal, do you get a big deal in december or just a downpayment then the big deal comes in january? democrats want -- they have the political capitol and leverage after the election. they want a big deal now. john boehner wants the congress to be seated, put a down payment on then a major tax reform in january, february, maybe march. >> i hadn't thought about that. paid it out in payments before it was approved. great to see you, bob. thank you very much. >> thanks. >>> the brand

republicans were very much offended that timothy geithner brought to them a deal some of them had seen about three weeks ago and they thought was absolutely ludicrous, saying this was not a good faith effort by the white house, that in fact it was a completely illogical approach when you have a conservative house republican consfrens. what i'm hearing more than anything is that house republican aides are saying look, we have had a pathway to get to a deal before. it was apparent in 2011. why won't the white house look more at the things we could agree on back then as a practical way forward. democrats are saying look, that was the summer of 2011. that is off the table now. we won the election we're going to do things our way. so until that issue is sort of figured out and until republicans move on entitlements, democrats saying okay, we're open to entitlement reform, you got to tell us what you want, there is going to be this stalemate in place. there has been this sort of sense of optimism among the chattering class in washington, that oh they're going to come together, the tax rates

again, it will be timothy geithner taking the leading role. we expect behind the scenes the president himself is actively involved. we don't know of any additional meetings that will be taking place. yes, you know, you do hear from some republicans who are saying you know, where is the leadership from the president. they want to see the president more actively involved. the president will be hitting the road this friday to make his case for these middle-class tax cuts being extended for middle-class americans. for wealthy americans that pay more, sort of pushing his case. and as you pointed out, the president meeting with business leaders here at the white house tod today. harsh criticism coming from capitol hill, from senate leadership, republicans who say the president should be spending time negotiating with them, not campaigning on the road. listen to what mcconnell had to say today. >> it was with some concern that i read this morning that the president plans to hit the road next week to drum up support for his only personal approach to t

. >> tom: treasury secretary timothy geithner will stay in his position through president obama's inauguration next year to help with fiscal cliff negotiations. but geithner has said he will not stick around for the rest of the president's second term. treasury secretary is a demanding job and a key assignment in the upcoming negotiations over tax reform and budget cuts. darren gersh details the likely candidates for treasury secretary. >> reporter: jack lew is the name most-mentioned to replace tim geithner at treasury and he is by far considered the man to beat. lew was twice head of the office of management and budget and he's now the president's chief of staff. >> he is an incredibly hard worker. he is very bright. he has a very deep experience base. he is extremely honest. if you are negotiating with him, you will get nothing but the truth and you can take that to the bank. all those things, you put them together it's not the most common package in washington. >> reporter: republicans are wary of lew, believing he bested them in budget negotiations last year. but the president trusts him