"A friend of mine, Derek Simmons, who's been on the podcast, said, "If more information were the answer, we'd all be billionaires with perfect dads." It comes down to motivation and incentives. If it isn't a punishment or a reward, then it's just talk."

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The president-elect Donald Trump moved a bit closer to getting his Cabinet in place with another round of confirmation hearings. The most contentious was for his treasury secretary pick, Steven Mnuchin, a billionaire banker who worked at Goldman Sachs and owned a hedge fund. There was important news that came out during the hearing. Mnuchin said that he would support raising the debt ceiling sooner rather than later, and not risk the country defaulting.

— Judy Woodruff