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in about a year and a half, still high. >> bill: that would normally mean another rate hike on the horizon, but the fed could be forced to rethink that. >> dana: the moves are designed to protect the u.s. financial system and make sure customers do not lose their deposit. >> bill: the president insisting this is not a bailout, some folks beg to differ. >> well, it is a bailout, we give a lot of support to banks. banks pay a premium for insurance, capped at 250,000. if we change the rules and give them more coverage than anybody else gets, i think that's a bailout. >> the think you ha...

200 people here in times square, last year there were health workers and frontline workers and this year it was about 15,000, capped at 15,000. a grim statistic right now is that is 10,000 fewer people than a testing positive every day right now here for coronavirus due to this 0micron variant. it was a festive crowd. people came from different parts of the world as they always do. i spoke to someone from south london, from argentina, brazil, colombia and japan. people told me they were still joyous to colombia and japan. people told me they were stilljoyous to be here despite covid. they had ...

We have to rethink it. i believe that presumably at-risk republican members of congress in those states should say, look, i voted against tax bill, i tried to protect this, now we have got to fix our own and put the blame back on democrats in those states. paul: in the house, james, they eliminate state and local tax except for property tax exception, capped at 10,000, most of the country don't have more deduction in 10,000 in property taxes. the senate eliminates entirely. is this going to pass, what do you think? >> yeah, i don't think you are going to get much of anything of state and local...

We have to rethink it. i believe that presumably at-risk republican members of congress in those states should say, look, i voted against tax bill, i tried to protect this, now we have got to fix our own and put the blame back on democrats in those states. paul: in the house, james, they eliminate state and local tax except for property tax exception, capped at 10,000, most of the country don't have more deduction in 10,000 in property taxes. the senate eliminates entirely. is this going to pass, what do you think? >> yeah, i don't think you are going to get much of anything of state and local...