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The rich are getting richer. the top 400 taxpayers made $336 million on average each in 2012. compare to $221 million a year earlier. they paid $56 million in taxes. that comes out to 17% of their income. some paid taxes below 10%. that average tax rate is 16.7%. the war escalating in yemen. united states and iran taking sides, opposing sides. secretary of state john kerry has a new warning for iran this morning. we will tell you what it is after the break.

Ravine on saturday and quickly burst into flames. a preliminary report could determine the cause next week. stocks were down yesterday as all three indices were in the red. however, there was good news for the auto industry. steve sedgwick is live in london with more. good morning. >> this is really good news. the biggest car sales we've seen since february 2007. all the auto makers did well. gm 6% in terms of sales. ford 3% higher. chrysler 16.7% higher. gm's mary barra is a subject of an internal investigation into the recall problems that the company has had. according to "the new york ti...

The unemployment was 7.6% and the white unemployment was 6.9% and latino was 6% and now hit a high of 16.7%. last month over all was 7%. white jobless has come down seven-tenths of a point to 6.2%. latino is down to 8.7% but black employment is down two-ten jz at 12.5%, double the white unemployment rate. >> we are never satisfied as long-term as the unemployment rate is double-digits. that is not okay for any community. and until we put more stimulus and more money back into the economy, instead of cutting and cutting and cutting, we're going to see high rates of unemployment in african-ameri...

$16.7 trilli $16.7 trillion borrowing limit or risk de faults that could happen a few days later. investors are anxious. interest rates on short determine at the time are urge something with 3 month treasuries at a 2 year high. investors are not confident. they will be paid back by the united states which is long perceived as the safest place to invest. we cannot believe this is happening. when the market does open in about three hours from now one thing is guaranteed volatility. when stocks closed at the lowest of the session take a look at the dow falling 133 points. it was actually believe ...

Premise. he's actually given up 100% of the position to the republicans. the c.r. is a republican document. the republicans wanted 988 billion. he said we will give you 100% of what you want on the budget. where do you negotiate after giving people 100% of what they want? >> tom tom tom. >> emily, please educate tom. >> former congressman, first of all the number we're talking about in the c.r. spending levels was negotiated in 2001. this was agreed upon. because i think on all of our sides we agree that $17 trillion is just a little bit high, the debt to have, that we need to start bringing i...