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So secretary lew would have to make a decision. He could recommend the president continue business as usual ignoring the debt limit, borrowing money and paying the bills. As justification, lew could say the president had to choose between conflicting Laws Congress has passed requiring him to spend money and not spend it at the same time. At that point, i assume someone who would claim to be an injured party would bring suit and the federal government, if you can imagine this and the congress wou...

Employee pay, is less clear. So secretary lew would have to make a decision. He could recommend the president continue business as usual ignoring the debt limit, borrowing money and paying the bills. As justification, lew could say the president had to choose between conflicting Laws Congress has passed requiring him to spend money and not spend it at the same time. At that point, i assume someone who would claim to be an injured party would bring suit and the federal government, if you can imag...

Day live in a nation where they will not be judged by the color of their skin but by the content of their character. I have a dream today. 50 years after Martin Luther king, jr. s most famous speech, americans descend on the capitol to keep his dream alive. Californias wildfire raging out of controlled and moving further into Yosemite National park today, a fire so menacing, a state of alert has now been declared by governor jar brown for all San Francisco. The flames are tearing through acres o...

Robbery and beating during pride weekend in San Francisco has been arrested. The attack caught on tape and the video is graphic. Three people seen here snatched a womans purse then one of the suspects kicked the victim in her face so hard, that she fell unconscious. Police say that man is 23year old christopher porterbailey of oakland. He was arrested earlier this week. His companions were arrested shortly after that attack. A 22yearold man is in the hospital after someone attacked him at san jo...

At the roadways today. And well, along the coast you will see the clouds continuing there as you head inside the bay. Well see some sunshine a little into the afternoon. Slow clearing right now temperatures mainly in the 50s outside. By the afternoon, this fog is going to pull back to the coast but you can see a pretty good sea breeze overnight bringing that fog well onshore this morning. Still, by the afternoon, temperatures going to be running below average for this time of year. Usually in th...

Points below fair value. We have some different nebs going on at the top of the screen than we do on that fair value board. Well check on that, as well. Dell is said to be in talks with private companies in reports of a possible guyout. The journal says jpmorgan is involved in the negotiations. Dell shares have been soaring near an eightmonth high on first word of this news yesterday. You can see up about close to 2 to the premarket sales. 64 is the last dip. In other technology news, facebook i...

Whats happening with the nikkei. Down 4 . Heres whats happening across europe. The bank of england saying it plans to keep Interest Rates at record lows until unemployment falls to 7 or below. So a mixed trading session. We will have plenty more on that later in the program. Also in our road map this morning, disneys Third Quarter results top estimates but its movie studio takes a hit on the lone ranger flop. Morgan stanley, facebook saying that video ads constitute a good chunk of revenues by n...

Senate confirmation, Jacob Jack Lew will take over a treasury that is rapidly running out of cash. The federal government has already hit the debt ceiling. And the only way the government can pay its bills is by using accounting gimmicks to move money around. Those tricks will only get the government through midfebruary. At that point lew might have to take the unprecedented step of deciding he has the Legal Authority to pick and choose which bills the feds will pay. Even if it were clear that t...

Today, thursday, august 1, 2013. Good morning. Welcome to today. 7 00 a. M. On the west coast. Im Savannah Guthrie. And im matt lauer. We will take you live to cleveland in just a moment. But first, Edward Snowden almost a year after receiving asylum in russia. Good morning to you. Well, Edward Snowden was expecting a permit to leave the airport and get some space really while he waited months, he thought, for a possible temporary asylum. But he got something much better than that. An official t...

Months. Has it finally turned a corpser . Speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. A mucky day. Not since 2008 has it been so high. More evidence the housing recovery is taking root. Prices rising in the big cities but a warning we may head into a recession next year if the u. S. And europe dont solve their fiscal messes. Right now the dow indus...