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P.m. in washington and we are expecting two events at the white house this hour. a briefing with sarah huckabee sanders. there she is. taking the podium right now. also, a debrief with the president about rolling back regulations. let's go to sarah huckabee sanders. >> ten days of taking office president trump issued 13771 instructing the office of management and budget to remove two government regulations for every new one created. washington scoffed but the administration acted and under a year we have unleashed the american economy, businesses and job creation. these efforts and the rest of...

Reporting on weeks and weeks on this bill it is so important to the republicans politically to get this passed so to play chicken on a personal priority on this bill at this very late stage in the game, is a pretty big gamble and i think not a lot of senators will want to take. >> megan, first off, the president's going to speak at 2:30, talking about rolling back regulations. we've got a camera in the oval waiting for him right now. we're going to go there when he comes out. in the meantime -- i'm sorry the roosevelt room, my bad. sorry about that. >> in the meantime this tax bill, you're tak...

This is one thing when trump is going to take the voters in 2018 and 2020. they may not get the big legislation and they have done things to change the way washington works or undermine the previous administration. they said please disregard any instruction from her presumed capacity from this acting director. any form related in any way to the function of her actual or presumed duties, please inform the general counsel. house of cards. >> i see it as defaming the protection bureau and as part of the trump administration's larger efforts to roll back regulations. i think it's an under cover st...

Now enough to keep that going? >> certainly investors and business people are expecting a tax cut in the corporate rate. that is probably going to stay. 20% is where the president said his red line is in terms of the corporate rate. it will be positive for this market. they will get this done but no doubt about it, if you see a tax plan that falls short we could see some of this movement in the market come out. 5.3 trillion in market gain since election day. let's not underestimate what the president has done in terms of rolling back regulations. this has been the least regulatory president of...

Vocal about the deal. he has dealt a blow to barack obama's health care legislation. let's talk about this with scott lucas, professional of international politics at the university of birmingham, england. scott? >> we knew he was going after barack obama's legacy. and in the past week he's undermined what were arguably mr. obama's two most significant policies internationally and domestically, iran and health care. >> yes. i mean, the first rule of thumb for donald trump is if barack obama did it, rip it up. the question is what affect that has. we're talking not only about health care and ir...