Kt mcfarland, and pull eutsy Pulitzer Prize medalist, judith turner. And also, stepping down, eric holder faced with a defeat in federal court. We begin with that new terror warning out of iraq, a warning that caught Obama Administration off guard. Reporter as president obama wrapped up 3 days in new york new fears about a potential terror plot in major subways like this one, iraqi Prime Minister claiming his intelligence operation uncovered a imminent ballot by isis to attack systems in paris, and key american cities, possibly as retaliation for u. S. Air strikes. Our subways remain the most vulnerable of infrastructure in new york. Reporter whitwhite house officials quickly downplayed the claim. National Security Council spokeswoman said that white house taking ought threats seriously, but added we have not confirmed such a plot, would have to review any information from the iraqi partners before making further determinenition, Vice President biden joined push, to Grow International
Kt mcfarland, and pull eutsy Pulitzer Prize medalist, judith turner. And also, stepping down, eric holder faced with a defeat in federal court. We begin with that new terror warning out of iraq, a warning that caught Obama Administration off guard. Reporter as president obama wrapped up 3 days in new york new fears about a potential terror plot in major subways like this one, iraqi Prime Minister claiming his intelligence operation uncovered a imminent ballot by isis to attack systems in paris, and key american cities, possibly as retaliation for u. S. Air strikes. Our subways remain the most vulnerable of infrastructure in new york. Reporter whitwhite house officials quickly downplayed the claim. National Security Council spokeswoman said that white house taking ought threats seriously, but added we have not confirmed such a plot, would have to review any information from the iraqi partners before making further determinenition, Vice President biden joined push, to Grow International
Rather than selling empty foreclosed homes in the market to rent them for a period if thats appropriate. Part of the outcome of that is that banks have been working hard to increase their modifications to reduce foreclosures to assist homeowners who are unfairly treated in the past and so on. From a supervisory, regulatory perspective, we are trying to help, but in that republic, we are like other regulatory agencies who are addressing this issue. Finally, and i dont want to underestimate this part. Analytically. Analytically, we studied the issues from the beginning of the crisis to before, influential in talking to other agencies, the treasury, and talking to the congress in providing ideas and approaches. For example, you put out a year ago, a white paper describing the key issues and approaches and provided analysis for things that can be done to improve mortgage lending. Weve also been very supportive of steps like those taken by the financial the housing oversight, gse oversight
Lining is in sight and that gave us a boost here on wall street. 12,471. Our heart of the day was 12,602. Not far off from yesterdays. You are seeing some financials here. They are trying to move along. Jpmorgan was in the red earlier today. Bank of america. Some of the financials are still in the red. Citigroup, goldman sachs, casebycase. It is not a blanket of of arrows across the board. It still remains. It is something they have to contend with sooner than later. Melissa breaking news right now. The fire is now out at the offshore oil platform. That is in the gulf of mexico. There was an explosion just after 9 00 a. M. Eastern. It was about 20 miles off the coast of louisiana. At this time, the coast guard, look at that, the coast guard cannot confirm any deaths. Two people are missing and nine people have been flown to local hospitals. We will bring you the very latest just as soon as we learn it. Lori bp is so fresh in everyones memory still. President Obama Meeting with congress
Captioning sponsored by wpbt this is n. B. R. Tom good evening. Im tom hudson. With the fiscal cliff in the rear view mirror, raising the debt ceiling is washingtons next big drama. We look at why its so important. Susie im susie gharib. That drama, could have a new cast member, were learning the president will nominate jacob lew as his next treasury secretary. Tom and with its reputation already on the ropes, a. I. G. , the big bailedout insurer, decides against suing uncle sam. Susie th and more tonight on n. B. R. tom there could soon be a new signature on the dollar bill, Jacob Jack Lew is said to be the president s pick to replace treasury secretary timothy geithner. That nomination is expected tomorrow. Should he be confirmed by the senate, one of lews first challenges will be dealing with the rapidly approaching debt ceiling. Darren gersh reports. Reporter assuming he wins senate confirmation, Jacob Jack Lew will take over a treasury that is rapidly running out of cash. The fede