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 as unemployment, growth and budget concerns continue, the man who will lead president obamas new Economic Team was formally nominated today. The announcement came this afternoon, the latest in a series of major cabinet changes. One reason jack has been so effective in this town is because he is a lowkey guy who prefers to surround himself with policy experts rather than t. V. Cameras. Brown with that, the president introduced his nominee to be the next secretary of the treasury, jack lew, the man he made his chief of staff, a year ago yesterday. Lew would succeed tim geithner, who drew fulsome praise from the president. When the history books are written Tim Geithners going to go down as one of our finest secretaries of the treasury. Our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. The tough decisions tim made and carried out deserve a lot of credit for that. Brown at 57, lew is already a 30year veteran of washington. He was a principal domestic policy advisor to House Speaker tip oneill in the 1980s, and negotiated with the Reagan White House on Social Security and tax reform. Later, he served two stints as the countrys budget director, first under president clinton, then under president obama, before becoming white house chief of staff. Today, in the east room of the white house, the nominee voiced his gratitude. Thank you mr. President for your trust confidence and friendship. Serving in your administration has allowed me to live out those values my parents ensiled in me and i look forward to continuing with the challenges ahead. Brown lew, and other Top Administration officials, face the immediate task of negotiating with republicans on raising the National Debt ceiling, and agreeing on major spending cuts. Some republicans have complained that lew has been unyielding in past negotiations. But the president said today over the years hes built a reputation as a master of policy who can work with members of both parties and forge principled compromises. Brown the announcement came a day after labor secretary hilda solis announced shes stepping down after four years on the job. Solis was the first hispanic woman to serve in a top cabinet position. And, shes the latest of several highprofile women to depart, including secretary of state Hillary Clinton and lisa jackson, administrator of the Environmental Protection agency. Along with the president s earlier nominations for state, the pentagon and the c. I. A. Thats raised questions about a loss of diversity in the cabinet. But yesterday, white house spokesman jay carney said the president s record on diversity should speak for itself. I mean, the increase in the representation of women in senior positions is dramatic its consistent with or greater than president clintons staff as well. Brown whatever the criticisms, the lew nomination is an early favorite to win senate confirmation. Theres no word yet on when his confirmation hearings will begin. Woodruff for a closer look at jack lew and what his selection says about the president s economic agenda, we turn to two guests who have followed his career. Jared bernstein worked with him in the white house as the economic adviser to Vice President biden. And Juliana Goldman has long reported on his role as White House Reporter for bloomberg news. Juliana, you describe jack lew as the president s consummate aide. What did you mean by that . Hes one of the president s most trugsed advisors, he encapsulates the idea of no drama obama. Hes a tough negotiator, hes pragmatic and hes been around washington, as weve just heard, for the last 40 some years. Hes one of the preeminent budget experts in this town and has had a street at the table for some of the biggest budget fights over the last three decades. So the president wanted to have somebody at the treasury who he was very close to and who was going to be armed for the fiscal fights ahead. Woodruff you at one point in your profile today, you quote david plouffe, the Senior Advisor to the president saying lew has a quiet ferocity to him. And you cite an incident during the 2011 debt limit fight with the republicans. Thats right. It was sort of the 11th hour of negotiations and lew came up with the idea of the sequester and at the last minute the republicans came back and said they wanted to attach medicaid cuts to the automatic spending cuts that would be in place if they werent able to come up with a long term fiscal solution that we now know is the sequester and lew, he hadnt slept in days, he was on speakerphone and he sort of yelled no were not doing that. And he hung up the phone on the republicans and ultimately those medicaid cuts werent included but also telling about jack lew, he was pretty embarrassed by the incident because for him that kind of rare outburst was something you dont often see from him. Other people in the room said that for jack lew thats angry but its not necessarily how other people display their anger. Woodruff jared bernstein, whats he like to work with . Very insightful, deep knowledge of fiscal matters. Hes been working, as you heard, on budgetary issues for about three decades and these are issues that get more and more complicated. Jack keeps that all in his head. Extremely good listener, very reasonable person but one of the things you always hear that reminded me in listening to juliana, a constant in my work with jack and his career has been a recognition that one of the important roles of government is the to protect economically vulnerable people. You heard hit in the medicaid story but you can say the same thing about protecting the social safety net, about medicare. This isnt a guy who wont put spending cuts on the table or wont even entertain hes a guy who would entertain cutss to entitlements but they have to be structured in a way that protect economically vulnerable retirees people who have been hurt by recession, people have been hurt by income inequality. Deep values held by jack lew. Woodruff juliana, if hes prepared to entertain cuts by entitlement programs, the social programs, Social Security and medicare, why are republicans already being critical . Jeff sessions, ranking republican on the Budget Committee saying he doesnt want to see him confirmed. Because their criticism is less about jack lew the individual and what jack lew has stood for historically in his career and more about this administrations fiscal policy you can expect to see these confirmation hearings will be a proxy for the looming debt ceiling debate and other debates Going Forward about the administrations fiscal plan. Woodruff jared, whator all does this choice say about what the president s priorities are when it comes to the economy . I think it says two things. One is that the president wants jack lew there for these upcoming fiscal deadlines. The sequestration, the debt ceiling, things like that. He knows that jack is not just a tough negotiator and i think this next point has gotten mixed hes a successful negotiator. I know republicans are complaining because he took a tough line back in 2011 with a lot of Tea Party Folks but in fact hes been closing deals for 30 years the second thing is jack understands what it means, a very important part of the president s second term agenda. He understands what it means to get our debt on a sustainable trajectory. Theres a lot that has to happen for that to occur. Weve gotten a good chunk of the way there but in order to complete the deal so that our debt stabilizes over the budget window thats something jack lew knows how the do and i think the president wants the treasury secretary with that on his agenda. Woodruff juliana, its been pointed out by republicans and others that his experience on wall street and the Business Community is minimal. He only spent a few years most of his adult life has been in washington. What does the white house think about that . Do they view that as a strength . Are they concerned . Theyve been hearing from top Business Executives that its a concern that he doesnt have particularly the International Financial experience that tim geithner has. Some to deal with europe and to deal with china so thats something where you could look to see a deputy named who would have that kind of experience to fill that void but on the other hand it does send a signal to the europeans, to other countries around the globe that the president does want to see somebody who does have that sense of fiscal discipline and a budget expertise as the United States confronts the looming spending fight. I think all of that is very much a part of his job and important but one thing that needs to happen and soon thats right in the treasury secretarys bailiwick is to do the financial reform that is part of implementing the doddfrank legislation. The next treasury secretary must implement those rules in such a way as to provide the overnight, the regulation that our Financial Markets have lacked for so many years and if we dont do that, well be right back in the soup sooner than later. Woodruff do you think jack lew is the person to do that . I think hell be a very effective regulator. I think we have to see how tough hes going to be as a Financial Market regulator. Thats a bit of an unknown at this point. That is a concern and the concern express one hears from the left that not enough focus on creating jobs, theres a lot of focus on cutting, on fiscal stringency. What about that angle of this appointment . One of the things you hear from Administration Officials and the president said it today is that for jack lew the numbers have people behind them and so of course youve got budget issues, the regulation implementing doddfrank but confronting unemployment is going to be a top priority and jack lew as the president said hes a man of deep faith and thats somethat that will motivate him and hell be able to apply to the Unemployment Crisis that this country is still facing. Woodruff do you expect hell have a difficult time with confirmation, jared . It wont be a cakewalk but hell be confirmed. He has people hes worked with over the years who recognize him as someone they can deal with this is a man who remembers the word compromise. We cant move forward without that and jack nose that. Woodruff juliana, whats the white house saying about that the . It wont be as smooth as they would have liked but jack lew, his issues with republicans are more on the house side and less on the senate side but the confirmation hearings wont be as smooth but they wont be as difficult as for defense secretary nominee chuck hagel. Woodruff Juliana Goldman with bloomberg news, jared bernstein, thank you. Brown still to come on the newshour bombings in pakistan claim more than 100 lives; the new ability to pay mortgage lending rules; Political Uncertainty in venezuela and hollywoods take on the hunt for Osama Bin Laden. But first, the other news of the day. Heres hari sreenivasan. Sreenivasan Vice President biden will send his recommendations to curb gun violence to president obama by tuesday. The Vice President held another round of meetings on the topic in washington today. This time, including sporting groups as well as the powerful National Rifle association and others. Mr. Biden said a consensus is emerging for tightening background checks and banning highcapacity ammunition magazines. Theres got to be some Common Ground here to not solve every problem but diminish the probability that what weve seen in these Mass Shootings will occur and diminish the probability that our children are at risk in their schools. Sreenivasan late today, the n. R. A. Issued a statement saying it was disappointed that the discussions focused mainly on what it called an agenda to attack the second amendment. The group said it hopes to have an honest conversation with members of congress. Theres been new border violence between india and pakistan in the disputed territory of kashmir. Today, indian troops shot and killed a pakistani soldier in the mountainous region. Kashmir is divided, but both countries claim it in its entirety. Pakistan claimed the shooting was unprovoked, but the Indian Military said the pakistanis fired first. In all, two Pakistani Soldiers and two indian troops have been killed since sunday. In kenya, wildlife rangers in kenya kept searching for a gang of ivory poachers who killed a dozen elephants and hacked off their tusks. It was the worst single poaching incident the country has ever seen. We have a report from Rohit Kachroo of independent television news. Reporter corpse after corpse scattered across a National Park victims of a gang which struck over the weekend. But what future for the orphans that we saw today . Theyre the young of a generation hit hard by an explosion in demand for ivory. This elephant orphanage in nairobi has rarely been so busy. Some are very young, others old enough to have the tiny tusks that may someday make them as valuable as their parents were. This is a terrible reflection on the state of elephant poaching right around east africa. Whilst the populations in the wildlife sanctuaries and National Parks are falling, here in the orphanages, theyre rising and fast. The woman that rescued them is searching for solutions and wants governments to do much more. They better start thinking about elephants rather than trade. Theyve got to vote to ban the sale of all ivory, whether its legal or illegal. Forever. Everybody can live without a trinket. Reporter governments will meet at the cites conference in march to discuss the ivory trade, but they know that somehow they need to cut consumer demand. In the 1980s, people in Europe America didnt think twice about buying ivory, it was a normal thing for them to do and through a lot of campaigns, attitudes were changed. Quite quickly. How quickly that can happen in other countries, im not sure. Reporter but it is a change that they desperately need. Sreenivasan word came later that Kenyan Police killed two suspected poachers in a gun battle today. It was unclear if they were part of the gang being sought in last weekends attack. The debate over head injuries in pro football took a new turn today. A brain analysis found former n. F. L. Great junior seau was suffering from c. T. E. , a degenerative brain disease, when he committed suicide last may. The National Institutes of health said there were abnormalities widely linked to repetitive blows to the head. Seau had been a star linebacker for 20 years before retiring in 2009. In economic news, American Express announced its cutting about 5,400 jobs as it restructures. The reductions will come mainly in the companys travel business. And on wall street, stocks had a good day, after reports suggesting the economic outlooks in china and europe may be improving. The Dow Jones Industrial average gained more than 80 points to close at 13,471. The nasdaq rose nearly 16 points to close above 3,121. The standard and poors 500 hit another fiveyear high, topping 1,470. Those are some of the days major stories. Now, back to judy. Woodruff a series of bombings across pakistan killed over 100 people today and injured scores more. A short while ago, ray suarez talked by phone to New York Times reporter declan walsh in islamabad about the attacks. Declan walsh, welcome to the program. Lets begin with the second quetta attack because it was the most deadly of the three. What was the target and whos suspected to be behind it . Earlier this eve New York Stock Exchange suicide bomber walked into a club in an ethnic part of quetta, thats the community which immigrated from afghanistan about a century ago and has suffer add series attacks at the hands of sunni death squads over the last couple of years. So the suicide bomber blew himself up inside the hall killing a number of people then five minutes later just after the police and media and rescuers arrived, a second bomber exploded his car just outside the club that was a much larger explosion. It collapsed the roof of the building and took the majority of the casualties. As things stand now the police are saying 81 people have been killed in the attack and at least 171 injured. Suarez pakistan has been such a tense place for so long. How much does the sectarian divide contribute to the overall violence and death . Theres been a serious sectarian problem in pakistan for several decades now but it has theres been a marked increase in those attacks over the last couple years. The Hazara Community in quetta who are a minority that are distinguished by their physical features as well as Everything Else has suffered the brunt of attacks over the last year in that particular city but there also have been horrific attacks on shiite minori