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4:00 in new york. happy friday. it is a very busy day of news here with the disgraced twice impeached ex-president subpoenaed today, and donald trump's efforts to overturn the 2020 election that he lost. also in the news today, trump ally steve bannon has been sentenced to four months in prison behind bars for his refusal to comply with the subpoena from the january 6th select committee. a member of the committee, democratic congresswoman zoe lofgren will join us in a few moments. we begin with an incredible brand new piece of reporting from the "washington post" that makes it crys...

Time for joe and kamala could be taking over. as it turns out, nobody really -- the loud voices, nobody is really that confident in the vice president. so that's why we have seen these trial balloons floated in big northeastern papers about well, if it's not her, who will it be? will it be pete buttigieg or whomever. jerry me hunt army vet, yale law student describes exactly what's been going on in the vice president's office and why so many people might be saying, you know what? we are almost a year in, i think i'm going to say areeve differenty. >> these were reports coming out of our stats ...

Therefore that makes the value on particular things worth more. you have some members of congress who have this crazy theory. modern monetary theory that a lot of the socialists have bought into in congress. people like aoc. since you can print as much money as you possibly want. it's not going to affect people's lives. that's how we can pay for things. that's nonsense. i used to cover emerging markets. latin america, eastern europe, stuff like that, i did it for "the wall street journal." every time we had politicians saying this that you could print money, whether it's hugo chavez or whomeve...

Not necessarily because you think that this person, whether it's you or john kasich or ben sasse or whomever, would be able to defeat the president. it's just the point of taking a moraled and principled stand, right? >> well, wicertainly right now, nobody would defeat the president. but two years from now, we could have a completely different scenario. nothing focuses the mind like a big election loss, and what might happen in the midterm is a big loss. like charlie dent said, this is a five-alarm fire after what happened in pennsylvania, politically. and so, who knows what will happen. but i...

>> but just to be clear, it's not necessarily because you think that this person, whether it's you or john kasich or ben sasse or whomever, would be able to defeat the president. it's just the point of taking a moraled and principled stand, right? >> well, certainly right now, nobody would defeat the president. but two years from now, we could have a completely different scenario. nothing focuses the mind like a big election loss, and what might happen in the midterms is a big loss. like charlie dent said, this is a five-alarm fire after what happened in pennsylvania, politically. and so, who ...