Government shutdown threat. And in Foreign Policy today president obama talks tough on syria and dovish on iran and iran snubs him later on in the day. All those stories and more coming up in the kudlow report beginning right now. Evening, everyone. Im larry cuddly. Were here live at 7 00 p. M. Eastern and 4 00 p. M. Pacific. Breaking news from washington tonight as texas republican senator ted cruz enters his fourth hour speaking out in protest against obama care funding despite his efforts this evening, Senate Leaders say it will delay a cloture vote. Kelly odonnell joins us live with all the details. What we have here is a talkathon trying to put pressure on fellow republicans, that coming from ted cruz who was sort of a man on an island because inside a private meeting other senators told him not to stake this step. Whats on the world in real funding terms is funding the government behond the end of the fiscal year next week and paying for the new Health Care Law. All republicans d
Traders say that the vix illustrates the central bank as backstopping the markets so that means theres less demand for downside protection. Speaking of Central Banks, we have two key decisions to watch today. The bank of england is expected to withhold fresh monetary stimulus as the start of the new year gets under way. Forecasters say that the Economic Data is still too mixed to try and trump inflation worries. The ecb also expected to stay steady, holding its key rate at. 75 . Policymakers are seeing refraining as the eurozone economy shows signs of stabilizing. We are going to bring you both decisions as soon as they are announced. And the ecb reports comes out 45 minutes later. First, breaking news out of washington. Today, president obama is going to be announcing his plans to nominate jacob lew as the next treasury secretary. The president will be making that announcement at 1 30 eastern time in an event in the east room of the white house. John harwood joins us now with more on
The numbers are out. It could be good news for the white house. The congressional Budget Department says this could be lest than first thought. Libby casey is joining us from washington. Let the spending begin. What are the new numbers from the cbo . It expects lest numbers, when it deals with the obamacare, says the insurance cost provision are expelle expected t about 36 billion. 5 billion less than a few months ago. When we look at subsidies the cbo says theyre expected to cost lest than expected because the Insurance Companies are using tighter cost control. And are insurance premiums, how much you have to fork over, there was a real concern that premiums would skyrocket and americans would pay more out of pocket based on who was joining these health care exchanges. The cbo thinks it might go up slightly but perhaps 100 per year for standard plans and may go up in subsequent years, 2016, theyre talking about 6 but not the huge skyrocketing that was feared by many in the obama admin
Follow me on twitter. And power lunch begins right now. Halftime is over. Power lunch and the second half of the trading day starts right now. An unhedged hour of power lunch. An hour filled with breaking news. In 30 minutes time we expect president obama to name jacob lew to replace Timothy Geithner. It the white house really getting serious on gun control . Under way right now, Vice President biden, at the chairs seat. We should have answered very soon. And new rules on mortgages. Being announced today. We will highlight changes and explain how they could affect you. First though, sue at the new york stock exchange. Sue . Ty, as you mentioned, president obama will announce jack lew as his nominee for secretary of treasurer. He staffers believe it will be approved. Analyst say the president s pick is a sign he will move forward with planned Economic Reforms and do so aggressively. Mr. Lew served as coo of nyu and worked at citigroup and served as White House Office of management and b
Thordering separatists in ukraine out of th out of governt buildings. This was the scene this donesk this morning as protesters dug in maintaining occupation of several government sites in that city. And pro russian demonstrators attacked supporattacked today. Stephanie moore has more on the crisis that is getting worse by the minute. Reporter these this is the first line of defense against any attempt by Ukrainian Security force toss retake this police station. Sunday losing one officer in the clashes. To the south protesters demand to join russia as they fortify the entrance of the Mayors Office they seized sunday. And heavily armed men believed to be backed by moscow were carrying weapons similar to those used by special force whence they took crimea. Ukraines president implemented a deadline that ran out this morning for all protesters to lay down their weapons or face a large scale offensive to bring order. It prompted an emergency meeting sunday night at the u. N. Security counci