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Treasury Sells Remaining 6% Stake in Chrysler

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  • Description

    FBN’s Sandra Smith discusses the latest on the government’s stake in the auto maker.

  • Duration 2:37
  • Date

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-- at 830 and the markets are gearing up for that Connell it's going to be all about the workforce for the government jobs report coming out this morning it will give us a better indication of how the US economy is faring -- congress right now expecting 150000.

Jobs to have been added in May.

Now that would be down from the average the past three months and recent weak numbers have some economists lowering their estimates.

For job creation even more even as of this morning unemployment rate.

Is right now expected to fall to eight point 9%.

There.

Are a lot of discouraged workers out there and drop -- that REIT would mean those people still don't feel confident that they can find a job if they were to start looking again we're gonna -- -- Peter -- you'll be live at the Labor Department with this report when it breaks at 8:30 eastern time this morning Treasury Secretary Tim Geithner -- he says that he is confident at this point that the US will avoid a debt crisis.

He's also says that he sure the president congress will agree on a long term fiscal plan.

Well Moody's isn't so much convinced of that the ratings company saying the US could eventually lose it's perfect credit rating.

That's -- Geithner met with 87 freshman Republican congressman yesterday.

Many of them refused to raise the debt ceiling without trillions of dollars of spending cuts in return.

And President Obama today will be at.

US is officially getting out of Chrysler once -- buys out its remaining state taxpayers losing approximately one point three billion dollars on that Chrysler bail out.

And coming up at 7:45.

Eastern time this morning mr.

Connell McShane will be talking to -- -- marsh Leone Chrysler's CEO himself to look.

Forward to that little bit later on in the meantime cleanup efforts continuing in Springfield and other towns in Massachusetts this morning 200 homes destroyed across the state.

By at least three tornadoes on Wednesday night thousands still without power today.

The Governor Deval Patrick says it's remarkable more people weren't killed but residents had plenty of warning about the storms in many.

Were able to take precautions.

House speaker John Boehner trying to reach a compromise.

On Libya.

Dennis Kucinich tried to pass a resolution ending guess support for NATO the NATO bombing campaign there.

And Boehner delaying that from congressman Kucinich and -- -- offering his own plan.

Keep up support for NATO but force President Obama to clearly lay out the goals of the mission.

Former presidential candidate John Edwards.

Could be indicted today sources say Edwards could also reach a plea deal with the Justice Department he's accused of using campaign donations to provide financial support.

To his mistress Edwards is -- says the money in question should not be considered to be.

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