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Floating to the 10-year treasury yield plus another 2.5%. so right now the 10 year yield is at 2.1%. you're looking at more than -- here comes the president and he will be speaking in just a moment on this and his plan. but with the republicans they put in a cap, highest would be 2.85%. bill: 2.85%. so that is a max. >> right. bill: the white house says we're cool with that or not? >> the white house has another plan. they want to fix it to the 10-year, stafford loans, fancy way of saying federal student loans, but it would be .93% or 2.93%, depending what kind of loan you have. i don't want t...

Barrel of oil. only way to do that and only tool in the box is to convince them we are prepared to fight it by letting loose of the oil reserves. >> emac, would it work in >> drill baby drill was send a more powerful message than draw baby draw. and so you know, we saw it, mike is right. we saw it with george w. with gas at 2.93 and same story under clinton when he did and george h. w when he did it. democrats even admit it there is not a supply issue it is fear and iran and strait of hormuz. >> it didn't work in the past according to emac and will not work now. >> set aside a fuel guide. and ...

The issue we're hearing from oil traders is most of iran's supply heeds to asia and not to europe. jon: isn't the problem refinery capacity? that's what's been boosting the price of oil or gasolin especially in the northeast. releasing more oil isn't going to help much if you can't refine it. >> reporter: that's right, jon. the letter writers say george h. w in 91. and george w bush in 2005 after hurricane katrina gas prices rose after hurricane karina to $2.98. after a year they were pitting $2.93 after hurricane katrina hit. treasury secretary timothy geithner out recently saying there could...

But i'm steady, i'm solid, i'm not going to go out and do things you're going to worry about. >> these are not cogent thoughts, something's going to pop. pretty good attack. generally mark haleprin gave newt an "a" plus on his performance last night. did it make a difference in voting? >> sure, it did. he could win, nate silver, the "new york times" also saying that newt gingrich is 62% chance of winning -- >> not 61%, not 63%, but -- >> 62.93%. >> he's got a super computer. i think the more important question is how does the "new york times" sunday magazine give him a front-page story? go ahe...

To the gallon. i was making nothing. i remember counting the change out. i'd like $2.93 of gas, please. that is tough. that is tough. it's not about gas, big cars, big houses. it's about pursuing your dream. not a guaranteed outcome. i'm living the american dream. not because i have a nice house or a nice car. my dream was always just to do radio. i wanted to work at rockefeller plaza. i wanted to work in radio city. when i first moved to new york city, this time around, i built my studios. i was about to build my studios in radio city. then somebody said we can make that happen for you. oh, y...