there s an expectation the president has to name a new fed chair. the question is timing, peter. when you think about january is when bernanke s term expires, it was in august when he reappointed hip, august of 2009. so it s going to be probably a july/august announcement, because they are going to want to get confirmation hearings out of the way before the debt showdown that takes place in november. one more backdrop for debt ceiling that will renew this summer and fall. chuck todd in ireland, safe travels. we ll visit with you tomorrow at grmds. see you at the brandenburg gate, my friend. we bring things back closer to home, third and final debate in the massachusetts race tonight, before ed markey and republican nominee, former navy s.e.a.l. gabriel gomez face off. the following, markey widening his lead to 13 points ahead of
particular, weight on greece, they are effectively preventing a run on these countries. help us out. analysts are concerned some will see this as a free pass to continue their free spending ways. where is the learning curve. in grmds they work long hours, long days, in greece, southern europe, they are living the life. they have have great islands. but we have the same problems in the united states, right, with the t.a.r.p. program. effectively we re bailing out people who probably shouldn t be bailed out, who have been reckless and fiscally irresponsible. that s a problem. this creates a disincentive for creeks, spaniards, italians to clean up fiscal houses. if you look at greece the last weeks ago they are making draconian cuts. you see that with social unrest. spain, 20% unemployment, a serious problem. now that the risk of default substantially reduced they are probably not going to make as many tough decisions as they
thousands of flights that have been canceled and thousands of passengers stranded around the world. lufthansa to fly 50 planes back to grmds with passengers aboard. president obama will be traveling to new york city on thursday we re learning. he ll deliver remarks on financial reform. the president to call for swift senate action on financial regulation. he ll remind americans what s at stake if we don t move forward with changing the rules of the road as a strong wall street reform package. again, the president to discuss financial reform in new york city thursday. and we want to go back to the breaking news that we started the hour w the leader of al qaeda in iraq. according to military reports now to official, al masri has been killed. this happened over the weekend. we re waiting for more information on exactly what happened. again, the leader of al qaeda in iraq, al masri has been killed. flights may be starting to get off the ground in europe as we just reported with lufth