to mess with the other side much more effectively. the cards are with the minority in the senate in a way that they are not in the house. but the function of the senate has frustrated americans. filibuster after filibuster. and the president doesn t deserve, that especially after being elected twice, you know, by arguably a mandate. the electoral college and also in the popular vote as well. so why wouldn t harry do this to give the president some latitude to get some things done? because he has been in the minority and because he worked it very effectively against president bush. that s the pure, simple, cold hard truth of it. and you know, there s a fear element to it, which is frankly stymieing the will of the people and the congress. richard wolffe, great to have you with us. happy new year. and to you too. thanks for coming in. you bet. next the house will vote on just a small part of the hurricane sandy relief package tomorrow. but is it too little too late? i ll talk w
layoffs. assistant labor secretary jane oates posted this notification. as we first reported, 46 days ago, the law called the warn act, requires that mass layoffs be announced to employees 60 days beforehand. we re talking about mass layoffs threatening the defense industry. since tt sequester cuts take effect on january 2 snd. what that initially meant that announcement at the big defense contractors would go out november 3rd, as you can see that s three days before the presidential election. obviously those are not headlines that obama wants. so enter the labor department. here s the letter. oates writes, quote, the warn act notice to employees of federal contractors including in the defense industry is not required 60 days in advance of january 2, 2013 and would be inappropriate. yes. the administration is reinterpreting the law on the sly. because after all this was sent out and they declined to make anyone available to interview this tonight. of course this was a manna f
as we first reported, 46 days ago, the law called the warn act, requires that mass layoffs be announced to employees 60 days beforehand. we re talking about mass layoffs threatening the defense industry. since tt sequester cuts take effect on january 2nd. what that initially meant that announcement at the big defense contractors would go out november 3rd, as you can see that s three days before the presidential election. obviously those are not headlines that obama wants. so enter the labor department. here s the letter. oates writes, quote, the warn act notice to employees of federal contractors including in the defense industry is not required 60 days in advance of january 2, 2013 and would be inappropriate. yes. the administration is reinterpreting the law on the sly. because after all this was sent out and they declined to make anyone available to interview this tonight. of course this was a manna from heaven for the republicans. the president doesn t want people readin
everyone. i m erin burnette. is the president hiding up to 200 layoffs. assistant labor secretary jane oates posted this update. now, it was quietly posted to the labor department s website just yesterday. as we reported 46 days ago the law called the warn act calls for employers to announce layoffs of employees 60 days before hand. we re talking about ones like the ones related to the defense industry thanks to the 2 hnt $1 trillion in sequestration cuts. since they take effect on january 2nd, here s a calendar. layoff announcement that the depence contractors would go out november 3rd. as you can see, that s three days before the presidential election. obviously those are not headlines barack obama wants. enter the labor department. here s the letter. the warn act notice to employees of federal contractors including defense industry is not required 60 days in advance of january 2nd 2013 and would be inappropriate. yes, the administration is reinterpreting the law on the sly
outfront tonight, losing money, rewarded big time. today, jpmorgan s stock was up like a july firework. surging 6%. in fact, it brought the whole market along. for a friday the 13th surprise. it was the best day for stocks this month. and it doesn t add up. so, jpmorgan shares popped in reaction to the bank announcing that losses from that high-profile trading blunder we ve been talking so much about now top $5.8 billion. now, that $5.8 billion is about three times more than the company said it would lose on this trade just weeks ago. today, the ceo of jpmorgan, jamie dimon, took questions on an earnings conference call, and he said he s earned a lesson. we ve learned a lot. i can tell you this has shaken our company to the core. the truth is no one is sure if other banks have trades like this going on or whether it will happen again at jpmorgan. the truth is, we do not know very much about our banks. jamie dimon didn t know about the now infamous trade for so long that