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The rich very hard. a code in which you're either not funding the government in an efficient or foul way but you also are starting to get more progressive taxes. what you want to see i think is the level up here. the big player here is the capital gains tax. we have a very low tax on capitol hill gains. that is where very wealthy people make most of their money. it's taxed at a much lower rate than normal income. there are reasons for that. but i don't think at this point they're tremendously good ones. definitely not in the context of the current tax code we have now. the wealthy could get mo...

Cutting our climate change programs instead? senator james inhofe of oklahoma says yes. and he joins us right now to break down the numbers. good morning to you, sir. >> good morning, steve. >> it is startling given all the things that are going on in the world right now that we're talking about gutting our military to preworld war ii levels. >> yeah. let me put this in perspective 'cause i remember i was on your show five years ago. five years ago when obama first came out with his first budget, i went to afghanistan so i could respond to his disarming of america. in that first budget he did ...

Credit suisse is apologizing. slowdowns in china's economy are worrying investors. stocks down 2.2%. that's a big move. hong kong sharply lower. european markets off to a rocky start as well. stocks in the u.s., dow down 67 points yesterday. futures are flat right now but really watching the red arrows overseas. fannie mae and freddie mac, both of those stocks tumbling, tumbling on news of a bipartisan deal to close them. no time line of when that will happen. no concrete details president obama gave a speech back in august where he mentioned winding down the nation's top two mortgage lender...

Allison is joining us now with details that taxpayers spend billions bailing out. what's the bottom line now? >> it's been more than five years. taxpayers are finally getting their money back and then some with the deal. after taxpayers shelled out $187 billion, fanny today is saying it's going to go ahead and pay the government 7 billi$7 billio profit. it was the taxpayer who is had to shoulder the heavy cost of bad decisions happening in the mortgage market. fanny's reimbursement means they would have recouped $192 million coming out $5 billion on top. it was the bursting of the housing bubb...

Time to take a bite there your morning dish of scrambled politics. mashing the fifth anniversary of the $787 billion economic stimulus, remember that? yeah, president obama signed the bill on february 17th, 2009. the white house is on the defensive now after a barrage of criticism from republicans saying in part, quote, the economy has now grown for 11 straight quarters and businesses have added $8.5 million jobs since early 2010. but hold up, senate nine ority leader mitch mcconnell is not convinced. writing in a reuters op-ed, he says five years later, the stimulus is no success to celebrate...