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Former florida governor refuses to sign no new taxes pledges something his father was famous for breaking in the '90s. the s&p 500 was up 13. also a record close. the nasdaq finished ahead 45 to close above 5,000 for the first time since the peak of the dot com bubble. here is what some of our fox affiliates are covering. fox 47 in madison wisconsin where lawmakers are debating right to work legislation. wisconsin seeking to join 24 states that have passed bills prohibiting businesses and unions from requiring all workers to pay union dues. fox 5 in new york with a guilty verdict for a w...

After that, i think there are more similarities than differences on their economics. the context is totally different. bill clinton actually benefitted from a bubble, the dot-com bubble that drove the economy in the latter '90s. president obama took office after the collapse of the worst bubble since the great depression. let's face it, i can't remember a president who's faced a worse congress than obama. i'm not saying it was an easy ride for clinton, but he certainly faced a much more facile congress. >> alex, the question to richard's first point, which was the road ahead here and where bil...

For. how do you reckon with what happened when he raised the taxes and the deficit reduction. >> there's a lot of points to make about that. first of all, we don't have clinton levels of spending. that's the biggest problem. we have obama levels of spending. if we are going to pay for that, some democrats are admitting, taxes have to go up on not just the top 2%, it has to be everybody. during the bush years from 2000 to 2007, the top 1% paid $84 billion more in revenue in 2007 than 20006789 their share of the overall tax burden went up. the bottom half of the country, their share of income ta...

Unfavorable 30%. what about that? effective? >> when i saw the ad i thought it was made in 2008. it sounds as if obama is the outsider, running for the white house. trying to blame everything on george w. bush. as i said earlier, he not only is president, his party ran both house of the congress in the first two years of the administration. belied by that ad. i don't think it helps them. >> bret: president clinton did what he did and there was significant growth in the economy. he also cut cap tap gains taxes -- capital gains taxes we don't talk about. it's a different environment. >> huge dif...

bottom of the hour now. welcome back, i'm randi kaye. here are the stories we are watching. visa, mastercard and the biggest banks agreed to a historic settlement that totals $7.25 billion. it centers around credit card swipe fees. credit card companies were fixing the price of the fees. retailers will see the fees reduced temporarily. this settlement may cost you more when you swipe your credit card to pay. they will tack on a surcharge for credit card purchases. there's a but to that, too. let's bring in a lawyer for the national association of convenience stores. he's on the phone...