For a while Larry Summers withdrew his nomination. Janet yellen was the odds on favorite. Larry summers was in front in the summer and now its back to janet yellen. Now its official. At 3 00 tomorrow president obama in the east room will make the announcement. Ben bernanke will be there. Janet yellen will be there and theyll announce that janet yellen is the first female ever nominated to be the fed chair. Im glad of that. Steve, let me ask you. I know its right off the top of your head. Will there be any changes in a janet yellen fed . I dont think so. I dont think there will be a big change, larry. I think janet has generally supported the policies that the fed has. I think shes felt for a long time that high levels of unemployment have necessitated high levels of Federal Reserve stimulus and i also know that she would probably be a person to run the committee very much like a committee and not a very strong leader in terms of imposing her will on the committee. Ive seen her basicall
I saw tour in hong kong twenty thousand poultry killed amid fears of a spread of bird flu. As china. As for traditional new Year Celebrations. Us president barack obama has pledged to picasa divided congress and take action on these and to bolster americas middle class in these lakes the state of the union address. The annual policy statement reflected his frustration with republican lawmakers who fees awarded down on corrupt cost initiatives. Or i offered my tv set of concrete practical proposals. The speed of growth. Strength in the middle class and build a new ladder of opportunity in to the middle class. Some require congressional action and im eager to work with all of you. America does not stand still and neither will i so wherever and whenever i can taketeps without legislation to expand opportunity for more american families. Thats longer than that the old sign that says that as this man two was gifted to the chl has once again congress came into the creepy morning that he woul
Republicans that would say they would join democrats. Speaker boehner said it is not true and its open to interpretation if it went on floor. A lot on capitol hill think it would be true and the president offering that challenge. Where you see the both sides now, toure, they are staking out positions, president obama says he will not negotiate on a grand bargain or large scale compromise until the government is funded and debt limit is raised and Speaker Boehner saying thats not a position to have. Take a listen to what he said on the house floor. The president s refusal to negotiate is hurting our economy and putting our country at risk. American people expect when their leaders have differences, were in a time of crisis, that well sit down and at least have a conversation. Really, mr. President , its time to have that conversation before our economy is put further at risk. So here we are on monday, toure and back to where we started last week. Both sides holding firm in their positio
Its cutting hundreds of Million Dollars of aid towards the country moves towards democracy. The u. S. Has been spending 1. 5 millions of aid. President obama says hes got the Federal Reserve and today janet yellen was officially nominated to help the feds at the white house. Thats the news at this hor. Ill see you back here at 11 00 eastern t 8 00 pacific time. The government shut down. Anxiety ego an growing and a far number of say i still support my congressman. They are doing whats contusionly allowed and doing it because of their convictions. I respect that. Also tonight, sick of it. A major samonella out break. Why the cdc warns, were not safe. And the summer leads to a fall facing more violence. Capturing images in baltimore. A journalists tries to understand why. Thats someones dna and Somebody Just approved or washed away. So,. Thank you for being with us. The public keep says it will happen and it will be reasonably believe. Law makers at the helm will start caring for the job
The friend o slowing music sales, why c. D. Es are on the rise there. Good morning, and welcome to al jazeera, america. 11 days after the government shut down begang, president obama and House Republicans are finally talking. No deal was struck, but it appears that progress is being made. Republicans say they are willing to raise the debt ceiling for six weeks moving any threat of default while a budget deal is worked out. That marks a significance shift toward the g. O. P. Which seems committed to using the shut down and to default to undermine the healthcare law. More on what may be a break in the stalemate. Returning to the capital after the meeting tat white house, republican leader eric can tar was upbeat. It was a very useful meeting. It was clarifying as to where we are, we will have more discussion, the president said that he will go and consult with the administration voaks and hopefully we can see a way forward after that. No deal yet, but in a statement the white house sited