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Negates are internal policy. it stresses federal employees shall not participate in any gamb gambling opportunity. any one who wants to use the lottery machine will have to resist. >> thank you ashley. to find ashley you can find him on fox business network. log on to foxbusiness.com/channel finder. >> you can now have a slice of the royal wedding, a piece of cake from prince william and kate middleton's wedding up for auction today in beverly hills. opening bid was at $5,000. now it is at almost 500. now it is at 4,000. >> for cake? >> yes, their own cake. >> the auction will feature five dre...

The consensus right now in washington, and i was cheered to see the president's opening bid, but the consensus in washington is that we have to come up with a grand bargain, dot dot dot we have to do something with entitlements. this is the big thing. something about entitlements. i just don't understand why that's the case. the reason i don't understand why that's the case is the big problem is the rate of growth of health care costs. i think we can all agree on that, right? >> yes. >> now medicare -- the rate of growth in medicare is significantly lower than the rate of growth of health care...

Is the president's opening bid. and essentially comes after he's feeling emboldened by his re-election knowing there's not a whole lot in here that republicans will like off the bat. so just to take a look he it specifics, $1.6 trillion in new taxes, $400 billion in entitlement cuts. $50 billion in new stimulus. and then a proposal to end congress' control of the debt limit. republicans on the hill are essentially calling this plan a nonstarter. house speaker john boehner saying this is not serious. cantor echoing those remarks. they say they want to see fewer taxes and deeper cuts to entitlem...

their fair share. >> that brings me to what's being called the buffett rule, named for billionaire who says the super rich are undertaxed. the president is insisting people who earn is million a year or more pay as much in taxes or more as ordinary wage earners do. republicans are up in arms but the president says it is not class warfare -- it is math. gloria, does the president's math actually add up? >> well, what he did today really was lay down a political marker. this is a president who's been accused by his base of not participating enough in his own health care reform plan or ...

about this for years and under the president's plan anyone making more than $1 million a year would paper the same percentage of taxes at the middle class. boy, it does not sit well with republicans. >> when you pick one area of the economy and say we're going to tax those people, because most people are not those people, that's class warfare. >> warren buffett has been honest and others i know who have haven't fortunate in life and wealthy say, for goodness sake, raise my taxes if that's going to help this economy move forward. >> brianna keilar is on the phone in washington with mo...