Page 4 - May Third News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Value-added tax. listen. >> i know that there's been a lot of talk around lately about the value-added tax, that is something that's worked for some countries, it's something that would be novel for the united states, and before i start saying this makes sense or that makes sense i want to get a get a better picture -- get a better picture of what our options are. >> mark levine, steve, let me start with you, the president, inch by inch, it feels like the door may be opening to the value-added tax, is that not fair, steve? >> oh, that's more than fair. i mean, especially when time geithner say...

Fannie aren't in this bill. i mean, it actually all began with them. >> fannie and freddie's role was extraordinarily important in the financial crisis. in fact they were one of the major reasons we had a financial crisis. >> reporter: actually, that was supposed to be senator collins who said that if in fact they had underwriting standards that were stricter there wouldn't have been a market for mortgage brokers and banks who off load the low quality mortgages. freddie and fannie encouraged the risky loans then and that, said senator collins, was the house of cards that eventually collapsed. ...

Going to be the same, so mccabe also, who face an assault charge, a more serious charge of assault, might also be off the hook but we won't know that until that trial begins may third. he's the one accused of actually punching the prisoner in the stomach, but in any case, many say the trials are miscarriages of justice, one of them is indiana congressman dan burton. here he is. >> i think it's a sad state of affairs when we're in a world war against terrorism, that our young men and women have to be subjected to this kind of thing when they're doing their job, protecting what we value here in ...

Maneuvers. they come as iran faces the threat of new sanctions over its suspect nuclear program. fox news alert, we are now getting reports that an oil rig on fire for days now in the gulf of mexico has sunk. that platform has been burning since an explosion and fire tore through it late tuesday night. authorities have been trying to prevent the rig from sinking all together, but dow jones news wires now reporting that the rig is completely submerged. many of the 115 survivors, now reunited with their families today in louisiana. while the coast guard continues to search for 11 workers still...

Made the region unstable. so there has been finger pointing back and forth. but it was a small amount of highly enriched uranium. u.s. officials say it has been secured. the georgians are saying they are look into who may have been involved in smuggling it. it is something that's high on the agenda in terms of the danger to the united states and a lot of countries around the world. megyn: you think about even riched uranium in the hand of the wrong people -- we are not talking necessarily an organized government like iran. we are talking about god knows who, terrorists who get their hands on t...