Larry Summers announced he was withdrawing his name from consideration to lead the Federal Reserve after weeks of heavy opposition by Republicans and three Democrats on the Senate Banking Committee. Charlie Herman, Business and economics editor for WNYC Radio, and Todd Zwillich, Takeaway Washington Correspondent join The Takeaway to discuss who might be next in line.
In just a few short weeks, the current fiscal year ends. For now, there is no consensus on how government operations will be funded after September 30. GOP lawmakers are refusing to pass any spending bill that keeps funding for the Affordable Care Act intact. Takeaway Washington Correspondent Todd Zwillich explains how this might be resolved.
Earlier today, France said it would put forth a proposal that would secure and destroy Syria's chemical weapons stockpiles in the form of a binding U.N. resolution. But that's not something Russia would support. To see how President Obama may navigate the Syria puzzle, we're joined now by Nicholas Burns, former Under Secretary of State for Political Affairs under President George W. Bush.
Tonight President Barack Obama will make his case for U.S. intervention in Syria. The speech follows a week of ramped-up pressure for support of the President’s measure. Joining The Takeaway to explain how the U.S. may navigate the Syria puzzle is Jeremy Shapiro, a former advisor to Secretary of State Hillary Clinton on North Africa and Syria and now a visiting fellow at the Brookings Institution.
As late as 1978, half of all radio listeners tuned in to the AM dial. But by 2011, AM listeners had fallen to just 15 percent of total listeners, an average of 3.1 million people. These days, consumer electronic devices often interfere with AM signals, causing static and other interruptions. Some say we should let the AM frequency die, but Ajit Pai, the lone Republican on the Federal Communications Commission, is on a mission to save the AM signal.
Back in the late 1960s, when the first female traders were allowed on the floor of Wall Street, they were treated more like the butts of jokes than like trailblazers. Today, the finance and business sectors have come a long way, but they still struggle to put women in the ranks, or keep them there. Malli Gero and Rachel Sklar are two people who are trying to change that.
As President Barack Obama and politicians on both sides of the aisle debate whether to intervene in Syria, the humanitarian crisis in the region continues to grow. More than two million Syrian refugees have now fled their home country for neighboring Jordan, Turkey, Iraq and Lebanon. Dr. Hammam Akbik is a Syrian-American working with refugees near the capital of Ammam, Jordan.
What if you could see a movie of cosmic history? Amazingly, a collaboration of research institutes and universities have begun to do just that. The project is called the Dark Energy Survey and it is employing the use of a giant digital camera to snap pictures of far out galaxies and exploding stars. Joshua Frieman is director of the Dark Energy Survey and a scientist at Fermilab. He's also a professor of Astronomy and Astrophysics at the University of Chicago.
In May, Missouri's state legislature passed a bill that would nullify all federal gun laws, which Gov. Jay Nixon vetoed. But on Wednesday, the legislature convenes again—and it looks like there are enough votes to override that veto. Republican Representative Jay Barnes voted against the bill in May. He joins The Takeaway to discuss why he voted against it and the consequences it could have if passed.
Secretary of State John Kerry said Monday that if Syrian President Bashar al-Assad wants to avert an attack on his country, he should hand over all of his chemical weapons—and do it quick. Today Russia, Syria's most important ally, has welcomed the idea. Joseph Cirincione, president of Ploughshares Fund, a global security foundation, and a member of Secretary Kerry's International Security Advisory Board, joins The Takeaway to discuss whether this plan might work.
Basma Akbik left Syria for the U.S. 20 years ago with her husband. Her family and her husband’s family remain in war-torn Syria, and many of them are in Damascus awaiting an end to the bloodshed and fear of chemical warfare. Basma Akbik joins The Takeaway to weigh in on how the rest of the world should respond.
Five years ago this month, global markets were stunned when Lehman Brothers collapsed. Anat Admati is the author of “The Bankers’ New Clothes” and a professor of finance and economics at Stanford’s graduate school of business. She discusses the climate that led to Lehman’s collapse and the security of the financial system today.
Today is the first day of school in Philadelphia, which is facing some of the nation's worst educational budget cuts. Karen Thomas is principal of Cook-Wissahickon Elementary, which has lost four full-time staff members. Robin Dominick is the parent of two children at Powell Elementary, which will see its student body increase by nearly 20 percent. Charles Zogby, Budget Secretary for Pennsylvania Gov.Tom Corbett, weighs in on what the government is doing amidst the budgetary crisis.
When Margo Epprecht worked on Wall Street in the 1980s, she noticed that after women rose through the ranks they left. She writes about the phenomenon in a new piece for Quartz. Ginny Clark, a broker at Beech Hill. She was the first ever female trainee at Salomon Brothers, where she was also the first female trader in 1967. She was also the first female block trader at Merrill Lynch in the late 1970s.
As Congress contemplates another potential conflict in the Middle East, the next few days will be a moment for you to hear from your elected representatives. Senator John McCain (R-AZ) speaks with Takeaway Washington correspondent Todd Zwillich. Senator Robert Menendez (D-NJ) discusses his perspective on potential U.S. involvement in Syria. Congressman Charles Rangel (D-NY) also weighs in on the Syrian conflict, and calls for an international response to the country's civil war.
The Obama Administration has decided that the U.S. must take military action in Syria, though not before seeking congressional approval. Joining The Takeaway to discuss the next steps for the U.S. Congress and the vote on U.S. military options in Syria are Congressmen Frank Pallone, Gregory Meeks, and Tom Cole. Lara Setrakian, journalist and founder of Syria Deeply, joins the program to discuss the implications of action in Syria and the humanitarian crisis on the ground there. David Sanger, Chief Washington Correspondent for our partner The New York Times, fills us in on what to expect around the capital.
The 113th Congress begins its summer recess tomorrow. It has a lot of unfinished business that it probably won’t manage to address before the recess starts. Congress can at least mark one item off the agenda. Yesterday, the House passed a student loan compromise. Takeaway Washington Correspondent Todd Zwillich explains the new law, and what Congress didn't get done before its summer recess.
Congress is at war again, but this time the fighting isn't between Republicans and Democrats. With just a few days to go until August recess, the GOP is deeply divided over whether to threaten to shut down the government unless the Affordable Care Act is repealed. Todd Zwillich, Takeaway Washington correspondent, explains.
Congress is undertaking broad reform of the tax code—potentially to the tune of trillions of dollars. As Senators prepare their input for tax code reform, they are promised complete confidentiality for their proposals. All records of suggestion will be stored under lock and key in a National Archives vault for the next 50 years. Takeaway Washington correspondent Todd Zwillich explains.
Yesterday, President Obama gave his first address, in what will be a series of major speeches centering on the economy. Takeaway Washington Correspondent Todd Zwillich translates the president's speech for us, including plans, intended audience, and the future of the sequester.