And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Brown battle lines were drawn at either end of pennsylvania avenue today over the National Debt and government spending. The opening shots came from president obama at his white house News Conference. I thought it might make sense to take some questions this week as my first term comes to an end. Brown the questions were dominated by the looming debt ceiling fight. The president sternly warned republicans not to balk at raising the nations borrowing limit. They will not collect a ransom in exchange for not crashing the american economy. The financial well being of the American People is not leverage to be used. The full
Captioning sponsored by Macneil Lehrer productions brown in the final News Conference of his first term, president obama said he will not negotiate with Congressional Republicans on raising the nations debt ceiling. Good evening. Im jeffrey brown. Woodruff and im judy woodruff. On the newshour tonight, well examine what the president said about tackling the government deficit and reducing gun violence. Brown then, we turn to the west african nation of mali, where french troops have launched air strikes on islamic militants. Three jihaddist groups now deemed a clear and present danger to the capital and beyond, a threat to africa and europe. Woodruff Margaret Warner has the story of the suicide of a young internet wizard who was facing federal charges for hacking and distributing online data he thought should be made public. Brown ray suarez updates the changes in cuba, where travel restrictions were eased today for citizens hoping to come and go. It is still one of the most repressive
400,000 a year. These democrat critics fear that obamas second term instead of being quote, unquote bold will be quote, unquote cautious as his first term. And on the right, republicans moan and grown and say that groan and say that obama is demeaning in the way he deals with House Speaker john boehner. Hold on, says columnist rockman. We expect too much of obama he says because in the United States, we subscribe to the quote, unquote myth of the imperial presidency. Other transformational democratic president s such as fdr and lbj, rockman says, have substantial democratic majorities in both the senate and in the house to enact their landmark legislation. Obama in contrast has had to work with a narrow democratic majority in the senate and with an opposition party, the republicans in control of the house for the two years since january 2011. Well, what about Ronald Reagan . President of the United States two successful fouryear terms. On the domestic front, he enacted a Major Economic
Now expected to return to private corporate practice, one more government appointee spinning through the lucrative revolving door between washington and wall street. That door could be a big reason why government treats the banks with kid gloves. A man who once worked for citigroup, jack lew, the president s chief of staff, has been picked to be the new treasury secretary. And Mary Jo White, the newly named head of the securities and exchange commission, is a chief litigator at a top law firm representing big investment banks like morgan stanley. With all this happening, its time to talk with journalist matt taibbi. Youve seen him on our broadcast before. A contributing editor at rolling stone, hes been tracking the high crimes and misdemeanors of wall street and washington for years. Welcome back to the show. Thanks for having me. Youre working on a story right now thatll come out in a couple of weeks on the hsbc settlement. Tell me about that, why it interests you. Well, the hsbc set
A new renaissance had come into place at the time of my first job in the industry. Several thousand barrels of water on each trip and was used trip was used. 50some years ago. The power of propaganda is not be dismissed. One not terribly honest image, a guy in colorado lighting is faucet on fire, could put this multitrillion dollar industry out of business. Or practically out of business. That is a very graphic attack on natural gas occurring in south the kidnadakota, the have a flame burning. I said, you waste a lot of gas out there. They said, we have wasted gas for hundreds of years. That is natural. It comes out of a natural formation there with the water. There is no oil in the area of south dakota at all. 47 places in United States called Burning Springs because the of naturally occurring methane in the water. In pennsylvania, the first case they had of water catching on fire was in 1670. It is been happening for a while. They have had documented cases in colorado of wells catchi