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not ones to write home about. 11.3% is the jump in wholesale prices from a year ago and came in lot steamier than economists predicted coming off the -- you know what it feels like when you buy things. consumer prices are up substantially. fastest pace we've seen since 1981 back in reagan years. >> you have to go to art laffer to find that out. white house points out wages are up. here is the deal. wages aren't rising at the pace of inflation. you look at a pay cut of 3.6%. >> if you crunch the numbers inflation is costing the average american household $500 a month. setting on fire ...

Resonate with the american people as reasonable objections. look, we have got to get back to a place of difference or president nominee unless their disqualifying aspects of the record or performance are not up to the job. that's particularly true when it comes to judges the political warfare started by ted kennedy has resonated for decades of not certainty country are very well. >> a number of grassroots republicans who are going to insist the republican stage and all out battle. even if the democrats have the vote if they have that 50 at the center they're going to have the votes to confirm ...

Have a long, drawn out battle with republicans over increasing the debt limit. having said that, the republicans see this as their huge bargaining chip. they are preparing to dig in their heels. president obama wanted sort of a permanent increase of the debt limit as a part of this fiscal cliff bill that just passed. he didn't get it, so republicans think that that is their one strong bargaining chip moving forward. they are preparing for a big fight. martin, i would not be surprised if this turns into yet another long, drawn out battle. >> i understand that the president has now signed the fi...

There's a 1-in-4 chance homes like us will flood. i'm glad i got flood insurance. fred, you should look into it. i'm a risk-taker. [ female announcer ] only flood insurance covers floods. visit floodsmart.gov/risk to learn your risk. >> live from america's news headquarters. newt gingrich winning the primary in south carolina. he thanked voters for their support. in the acceptance speech newt gingrich labeled president obama too radical for america and he said he is the one to change the trend. >> if barack obama gets reelected after this disaster, just think how radical he would be in a secon...

Would be in a serkd term. >> not romney garnered only 27% of the vote, bracing for what could be a drawn out battle. rick santorum finished third. and joe paterno is fighting for his life in the hospital. students gathering to express their love for paterno. doctors say he's suffering complications from lung cancer, hospitallized since january 13th. hes with a fired in november amid accusations he didn't do enough to alert authorities about child sex abuse allegations against former assistant coach, jerry sandusky. >> and in the northeast digging out after the first major snow storm, parts of ...