geithner steered the major economic moves in the first term and now he is stepping down. president obama s pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country s long term fiscal problems. this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in the second term. what he cannot do going into the term is go from economic crisis to economic crisis. that is not leadership. he has to figure out how to
if lawmakers fix the country s debt burden. geithner warned that the u.s. will reach the credit limit between mid-february and early march. mark zuckerburg released a new graph search. ate louz users to mind their friend s data for information they may otherwise google or yelp. they re talking about the strange name and the limited function within the social network. william and kate are sifting through applications for a super servant to do just about everything, cook, cleaning, drivinging, walking dogs and polishing silver. so just how close are you to your virtual assistant? apparently if you made a personal connection to iphone s siri or google s now, you re like 57% of one group of smart phone owners who name their virtual helpers but they also enjoy their sass and sense of humor. and finally, google is wishing a happy 112th birthday
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 murdered. 70 injured. his arraignment is set for tomorrow. but his lawyers may ask for a delay. stay with fox newschannel on the latest on this breaking news. and now, to sex, lies and an accused of savagely murdering her ex-boyfriend in the shower caught in more lies today?
reporter: others said he has been difficult to deal with and not independent enough. bottom line we are waiting for the president to make a call and jack lew will have a chance to make a case for why he should be the next treasury secretary. what would that potential documents mean for the budget fight. it s another day, another fight? it will be noisier because you are going to have newly appointed for treasury-secretary before you sit down at the table here. not the ideal way to do it. but we did now that geithner was not be for the job. shep: what is the problem? it s one of tone or attitude. it doesn t seem if he is advocating a position you were going to hear anyway. potentially, perhaps there were things right around the table
i m quite optimistic about the u.s. economic recovery. i think the united states economy has very strong fundamentals. geithner is a friend and i want to thank him for tightening the economic sanctions on iran. we have to look forward to see what else can be done in order really to make it even more effective. it is already quite effective as it is today and also to discuss the future economic cooperation between our two countries. does israel face a fiscal cliff of its own? we are facing the global crisis as everybody else. so far we did relatively we are in relatively good shape, economic hope in israel is quite significant and the level of investment in the economy was going up by almost 40%.