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4:00 in new york. happy friday. it is a very busy day of news here with the disgraced twice impeached ex-president subpoenaed today, and donald trumps efforts to overturn the 2020 election that he lost. also in the news today, trump ally steve bannon has been sentenced to four months in prison behind bars for his refusal to comply with the subpoena from the january 6th select committee. a member of the committee, democratic congresswoman zoe lofgren will join us in a few moments. we ...

Time for joe and kamala could be taking over. as it turns out, nobody really -- the loud voices, nobody is really that confident in the vice president. so thats why we have seen these trial balloons floated in big northeastern papers about well, if its not her, who will it be? will it be pete buttigieg or whomever. jerry me hunt army vet, yale law student describes exactly whats been going on in the vice presidents office and why so many people might be saying, you know what? we are almost a yea...

Therefore that makes the value on particular things worth more. you have some members of congress who have this crazy theory. modern monetary theory that a lot of the socialists have bought into in congress. people like aoc. since you can print as much money as you possibly want. its not going to affect peoples lives. thats how we can pay for things. thats nonsense. i used to cover emerging markets. latin america, eastern europe, stuff like that, i did it for "the wall street journal." every tim...

Not necessarily because you think that this person, whether its you or john kasich or ben sasse or whomever, would be able to defeat the president. its just the point of taking a moraled and principled stand, right? >> well, wicertainly right now, nobody would defeat the president. but two years from now, we could have a completely different scenario. nothing focuses the mind like a big election loss, and what might happen in the midterm is a big loss. like charlie dent said, this is a five-alar...

>> but just to be clear, its not necessarily because you think that this person, whether its you or john kasich or ben sasse or whomever, would be able to defeat the president. its just the point of taking a moraled and principled stand, right? >> well, certainly right now, nobody would defeat the president. but two years from now, we could have a completely different scenario. nothing focuses the mind like a big election loss, and what might happen in the midterms is a big loss. like charlie de...

Even trumps first campaign manager, corey lewandowski when he said there had been voter fraud in new hampshire said that was no true. there was no evidence of that. >> here is not what is fake, i think is important. weve been doing a lot of reporting on reporting investigations team how to prevent russian interference in 2020. we heard back from dozens who almost all of whom said the administration has not been proactive telling them much how to make sure the next election is not messed with by ...

Here is a good test case. >> lets bring in our panel. president for the center of american progress and kevin maddon, republican strategist. kevin, this crisis has really brought governor perry back into the spotlight in a way that -- i knew he was thinking about possibly running for president again in 2016 and he likes to remind people that it took three times or two times for other candidates in the past, reagan or whomever. how do you see this actually helping him, if it does? >> i look back ...

Actually necessary. we seem to be unable to keep secrets anymore when it comes to the actual specifics of threats. but, you know, now theyve been talking about this, and so what theyre trying to do is develop a liquid explosive that would not be detectable -- what they understand as being standard procedures and capabilities right now. and that could include either liquids in the form of a bottle posing as a drink, it could be liquid, interestingly enough, that they actually put clothing or othe...