you can join us on facebook and twitter. this conversation about health care continues. we want to know what you want to know about how your health care is going to change. >> make sure you join us every week for "your money." log on 24/7 to cnn money.com and have a fantastic weekend. -- captions by vitac -- www.vitac.com sky high tuitions, health care, and that huge mortgage. it's a triple financial threat that's making millions of americans feel they are drowning in debt. help is on the way this hour. a financial expert tells you how to end up ahead. at 3:00 eastern time, sarah palin and tea party activists roll into harry reid's hometown with a message to voters there, kick out incumbents who

supported health care reform. we'll have live coverage. and single parents with critically ill children who can't afford their care. an overwhelming burden finding some help. you're in the cnn newsroom where the news unfolds live this saturday, the 27th day of march. i'm fredricka whitfield. our top story right now, thousands of tea party activists are rallying in searchlight, nevada, hometown of senate majority leader harry reid. they are calling on voters there to defeat reid and other democrats in november for their role in passing health care reform. it's a message that is resonating with some nevada residents as cnn's national political correspondent jessica yellin reports. >> reporter: in nevada politics, the stakes couldn't be higher for senator harry reid. his big bet on health care reform turned into a win in washington, but it's not playing as well with voters back at home. >> with the health care thing,

he's screwing up big time, so he's out. >> reporter: after four terms in the u.s. senate, the majority leader could lose his job this november. polls show a majority of nevada in ns don't like him and only a 1/3 will vote for him. why do so many dislike you? >> i don't think they dislike me. we have an economic situation in nevada that is very difficult. >> reporter: nevada is number one in the nation in home foreclosures, number two in unemployment. the casino business has been battered. the number of conventions here has plummeted. gambling revenue was down more than $1 billion last year. folks who worker who don't just blame it on the recession, they are mad the president obama because twice he has told cash-strapped americans not to go blowing their money in vegas. plenty of folks who work here say senator reid should have convinced the president not to say that. >> harry reid, determination that makes a difference.

>> reporter: reid's message? thanks to his powerful post at majority leader, he can deliver in a way no freshman senator could. >> there are so many different things that wouldn't happen but for the position i have. >> reporter: because of that role, he's become a lightning rod for republican criticism and is taking fire from all sides. republican challenger sue lowden. >> he's lost touch here in nevada. it's all about the jobs. his solution is to put this country more in debt, to tax the country more. >> reporter: from a tea party consenter scott ashjian. >> reid is not doing the job. he is 70 years old. >> reporter: even the dean of nevada's political press corps says reid has a difficult hand to play. >> he says things that are intemperate. he is not charismatic. he can't come back to the state and wow people. >> reporter: interior reid survived tough campaigns before, but they are betting this year

his luck will run out. >> jessica yellin joins us live from this tea party event in searchlight, nevada, right there in the backyard of senator harry reid. give us an idea, is this big crowd a reflection of people right there in nevada or are a lot of the tea party goers there bussed in or did they fly in? >> reporter: i've met people both from nevada and a number of out of staters who are here to see sarah palin. the folks who are from nevada and who don't like harry reid are people who were naturally critics of his to begin with. they say they were always opposed to him. their prime criticism is they think they want to grow government and not leave it in the hand of nevadans. a few say his leadership role in washington has taken him away from the role of fighting for nevada. that is what he is fighting hard here campaigning how much money and projects he brought home to

the state. >> i understand harry reid is nowhere to be found, not really there, so who is listening? >> reporter: say again? where is he, what? >> he's not there. >> reporter: he's not there. this is a lot of folks who are here excited to participate in this event, which is in the middle of rural nevada. this is the hometown harry reid grew up in. it's nowhere near any big city. there are cars miles and miles down the highway backed up to get here. while this is going on harry reid is at a shooting range in nevada with the president of the nra because reid helped bring this shooting range to the state and obviously he is emphasizing his second amendment credentials there. >> and sarah palin is supposed to speak there. what is the feeling of this tea party movement that she will help their cause?

>> reporter: she is the rock star of this crowd. they adore her and they are convinced she will help. as you know earlier, palin said that tea party candidates should get behind republican and mainstream candidates and not splinter off so they can be a voice to listen to and organize. that is a message local organizers reemphasized. clearly sarah palin's message is getting through to this crowd. they are very excited to see her. >> jessica yellin, thank you very much. about an hour from now sarah palin expected to be right there searchlight, nevada, to join that crowd. we'll be covering her speech live. 3:00 eastern time is the scheduled speech time. meantime, while tea party activists grabbed national headlines, another political movement is taking a much more low-key approach. the coffee party usa held its second get together today in washington, d.c. it's one of hundred of coffee parties across the nation. members say they are not aligned

with any political party, corporation or lobbying network. their goal, cooperation in government. coffee party usa says it will support leaders who work toward positive solutions and work against those who obstruct. health care reform and streamlining the student loan program, both are major victories for president obama. they are the focus of this weekly address to the nation. >> education and health care. two of the most important pillars of the strong america grew stronger this week. these achievements don't represent the end of our challenges, nor do they signify the end of the work that faces our country. what they do represent is real and major reform. what they show is that we're a nation still capable of doing big things. they prove is what's possible when we can come together to overcome the politics of the moment, push back on the special interests, and look beyond the next election to do what's right for the next generation. that's the spirit in which we continue the work of tackling

our greatest common tasks. an economy rebuilt, job creation revitalized, an american dream renewed for all people. >> president obama is expected to sign the second part of the health care reform next week, so the-called fixes bill. it made slight changes to the broader health care package the president signed into law on tuesday. the senate passed the measure on thursday, one of its major provisions has to do with student loans. it will shift government funding for student loans away from commercial banks to new education initiatives. supporters say it will save billions of dollars by ending subsidies to banks that make federal student loans. we'll have more on how that provision could actually affect you, especially if you've got kids going off to college or you're saving for it. even the biggest supporters of the new health reform legislation can see it doesn't address a lot of problems within the system. cnn's tom foreman takes a look at one potential crisis congress has yet to deal with.

>> reporter: doctors who treat medicare patients say they are facing a fiscal emergency decades in the making. a 21% cut in what the government pays them for that care. 21%. by almost all accounts, that could mean fewer doctors taking such patients, and yet democratic supporters of reform allowed that time bomb to keep ticking, although keeping them honest, they could have fixed it in the new health care bill. >> the bill is passed. >> reporter: but they did make a promise. >> it's not in this bill, but we will have it soon. >> reporter: back in 1965 when president johnson created medicare for the elderly, doctors were allowed to charge pretty much whatever they thought was fair, but over time, the cost ballooned. so in 1992, they came up with a formula that almost everyone now calls a mess, because while the

cost of care has steadily risen, the amount being paid to those doctors has fallen. time and again congress has approved quick payments to keep physicians from bailing out of the program all together. dr. cecil wilson with the american medical association says that's like paying the interest on a credit card debt. the principal owed to the doctors keeps climbing. >> four years ago the cuts were 3%, 4%, now they are 21%, $210 billion to fix it. each year they postpone it makes it even more difficult. >> reporter: the problem is that price tag. $210 billion. if that had been part of the health reform bill, it would have pushed the total tab over a trillion, pushed up the deficit and almost certainly hurt the chances for passage. democrats didn't want any of that. so now they are considering a fix before an election, and with the public already nervous over

spending. >> thank you all very much. >> reporter: the house passed a measure, but the senate, well, convincing them is one reason dr. wilson was in washington. >> both sides of the aisle, both sides of congress, the administration knows, everybody understands this is a problem that needs to be fixed. >> reporter: they also know it's an expensive problem. how confident are you they'll deal with it now? >> they have to. if they don't, this program is going to fall apart. >> reporter: we'll see. for now, the formula says the next big cut is coming at month's end, and the doctors are in the waiting room. tom foreman, cnn, washington. here is another big dilemma. so you owe more on your house than it's worth. new relief is on the way. we'll tell you if you qualify.

it's a tough time for college students as they face rising tuition costs, but there actually might be some help. congress passed a bill this week to overhaul student loans.

here are some of the details. it would expand direct lending from the federal government. the government will no longer pay fees to the bank that serve as the middle man. the white house says the expanded program will save the government $61 billion over ten years. much of the savings would be funneled right back into pell grants. good to see you. this may offer great relief for families planning for college. we are talking about uncle sam now that's managing this. what are they calling this, one-stop shopping for financial aid or for some assistance on going to college. is it really going to offer big savings? >> let's first look at the whole arena of student loans. already 87% of students loans are government backed. it's just of that group 67% of those people get through the banks instead of going direct. so, yeah, it should bring down the cost a little bit because the government won't have to pay

those subsidies to the bank. i've got it. the biggest concern is can the government handle the volume? my recommendation to a parent who is starting to look at student loans would be to start early and don't wait until the last minute because there's probably going to be a logjam. some of the bankers are people that work at banks processing these loans will get down sized. >> how quickly are we talking? >> kick in next year, yeah. >> let's talk about some of the ways people are saving. 529s. a lot of us are convinced this is a safe way, a great way. if you are investing into your 529, what do you like about it? >> i actually love the 529 plans. remember the word "safe" is always hard to use when you talk about investments. unless you bought one that has a guaranteed interest option, it might not be any safer than the market what we love about the 529 plans, you put in after-tax contributions, but the earnings grow not only tax deferred, but if you take that money out for a qualified expense which will run

through quickly, it comes out tax free. >> you are talking about books, housing? >> tuition and fees, room and board, and the room and board is going to be capped at what you would pay to be on campus. in 2010 you can buy a computer. >> because that's a tool. >> it is. so there's a lot of things. there is publication 970 you can look at on the irs website that outlines all of it. if you don't take it out for qualified, you are going to lose that tax-free, it's going to be taxable and a 10% penalty. >> what happens. you started this 529, your child was born, you had no idea your kid would get a full scholarship by the time they graduate high school. what do you do with that 529 money? >> scholarships are not a problem. all the plans are set up to allow you to take an equal amount out of your 529 plan equal to the scholarship. do you not get the 10% penalty, do you have to pay tax on the earnings, but that is not a terrible thing because you are

getting free money for college. >> what about if you move from one state to another, will it matter? >> right. that is a big misnomer about 529 plans. there are prepaid tuition plans. 529 plans, you can open it in any state you want. you can move it up to once a year from state to state. really, you're talking more about, do look at your own state first. you might get state tax benefit from investing in one instate. now you're looking at the money managers that state is using and the performance on these accounts. feel free to go state to state. you can use it at any accredit ed college in the u.s. >> many people are facing foreclosure when you lose your job. this administration said we want to try and offer some immediate help to people facing foreclosure. it means that lenders would have

to make some adjustments on the amount of money you're paying for your mortgage if, for instance, you suffer a pay cut or you lose your job all together. >> right. >> is this immediate? >> first of all, a big part -- let's first say, no one wants these foreclosures to continue. even people like myself and probably yourself who we are not under water in our homes and we are paying on time and everything is fine, but the truth is a foreclosure in your neighborhood hurts your own home values. i think there are some -- as soon as he signs it, yes, it's going to be immediate. what we are asking for the lending institutions to do, for unemployed people, take a look at what they are paying. there are several parts. one, consider refinancing them if they know what the house is worth and get onto a lower interest rate. let them out of making payments for three to six months. frankly, i like that. all of those things really hurt

the lender who might have made an unreasonable loan in the first place. >> so they may get saddled with the property if this home owner can't afford to pay. >> so there is some accountability there. the part i'm concerned about is they are looking at actually slashing principal balances for some of these people. i know it will help them, but i think it's a slippery slope. this is what's going to make people on time or maybe paid off their houses say what about me? i never got free loan payments. >> apparently one of the perks here, too, isn't there some measurement of, i guess your mortgage should be no more than 31%? >> right. good thing about that -- >> of your take home. >> they are asking the lenders to relook on capping the person's mortgage at that. take that as advice to the masses going forward. don't overdo it. 31% is a reasonable amount. >> don't bite off more than you can chew. >> plan for the unexpected. >> karen, you're going to be

back because we have a whole lot of questions that have come on my blog, josh levs' block and we'll answer those questions. i sea we collectively. you are. >> i'll do my best.

a look at our top stories. no luck yet for president obama in finding a leader for the transportation security administration. his second choice for the job retired army general robert harding withdrew his name from nomination last night. harding says his past work as a defense contractor would be a distraction. british airways says its operations are off to a good start on the first day of

another cabin crew strike. the company says it expects to fly about 75% of passengers during the four-day walkout. cabin crew members also walked off the job for three days last weekend. general motors is recalling 5,000 heavy-duty vans because of an engine fire risk. they include chevrolet express and gmc, savannah passenger and cargo vans made this year. if you have one, gm says, stop driving it. park it away from buildings and other vehicles. the company is halting production and sales until it finds a fix. finds a fix. more top stories in 20 minutes. .

we are black with financial planner karen lee. we have some questions you've been submitting to us online, via blog, facebook, et cetera. we've been talking about student loans, foreclosures and health care reform costs. karen has strong thoughts on that. first this question.

this one from sunny. "my boy is 9 and i'm already doing $200 monthly for his college savings, 529 contribution. i do have extra $300 monthly available for him. what are some good long term investment options i should look into for him?" >> first of all, yay, sunny, you're saving money. you could increase how much you're putting into the 529 if you think your child is bright and is going to a high-end school or going on to grad school. you might look at what i call an asset allocated mutual fund that has bonds and small and medium cap mixed up. time horizon is the thing. if it's for later in life, maybe to help buy a house when he gets out of college, you can probably go heavier into stocks. >> matt saying, "my mother passed away last june. do i have to do her taxes?"

>> yes, you do. if she earned money you have to do a tax return. if she was a regular income tax filer you need to file that one more return. if you're coming up against the deadline, file an extension so you have longer. >> that's so odd. if there is a refund -- >> it will come back to her estate. >> okay. very good. this from jan saying, "how do i start? 58 years old 0, divorced, no savings, no benefits, pre-existing conditions, thus no health insurance. i work approximately 30 hours per week, about $2,000 per month." help jan out. >> this one is tough. the new health care reform will help on the pre-existing condition, but not until 2014. i say first of all, start looking for a job that does offer group benefits. that is probably the only way to get health care depending on the type of pre-existing condition. some companies actually for their part time employees offer

health insurance. maybe a second job. next thing is -- >> that's probably hard to find. >> it is. some of the big companies. the other thing she has to zero in on that budget. $2,000 a month is not very much. hopefully she is in a roommate situation or would consider bringing in a roommate. no matter what, i know it sounds difficult, put a couple hundred bucks away for those emergencies. they are going to creep up. >> oh, boy. she wants to plan for that rainy day ahead or golden years. 58, right? can she -- what do you recommend? how much would she put away of that $2,000 monthly toward that? >> it would be nice if she could do 20% of it. again, it would be very hard to live on $2,000 a month. continuing to look for an additional source of income and ways to reduce the budget are really important. >> health care reform, a lot of folks are getting used to the idea after seeing historic signing of that part of the legislation this week. you have strong thoughts about the cost of health care.

are we talking long term or immediately? >> immediately. don't get me wrong. there are so many things about this health care reform bill i am very much in favor of. i've seen people virtually destroyed financially by becoming ill and having their insurance company raise their rates or knock them off the system. i get all that. there are going to be immediate costs to our pocketbook though and we need to be aware of them. i expect record premium increases next year for individuals and the employers paying for those plans. realize that additional taxes are going to beles levied on insurance companies. that's number one. >> so much for that refund. >> number two, and this is huge. i don't hear too many people talking about it. the part of your insurance that your employer pays, the subsidized part, not the part you pay, the part they pay is going to be taxable to you.

it will show up on your w-2. if you make $62,000 a year and have them withhold for taxes, but the insurance they pay you don't see is $5,000? your w-2 is going to say $65,000. you're only held on $60. >> they are going to look at this as income. >> they don't have a choice. that is part of the reform. they don't have a choice. they will pass that taxable income of your insurance premiums they are paying on to you. everybody needs to be prepared for this and save extra for next year at tax time. there is one more thing that is an immediate thing. i know people don't worry about this one. >> good news, please? >> depends on what you earn. if you earn over as a single, $200,000, as married $250,000, the medicare tax which goes up to the last dollar you earn is going from 2.9% to 3.8%. people say don't worry. >> you're paying it forward.

>> if you are a family that earns $300,000, that is an extra $3,000 tax you might not have thought about and might not have saved up. know it's coming and coming immediately. >> karen lee, thanks so much. my head is spinning. way too many numbers to handle. that is a great breakdown. thanks, karen. good to see you. >> you, too. >> thanks to you for sending in your questions and comments. let's talk more what is translated into anger over health care reform. it is simply boiling over, threatening phone calls, threatening phone calls, vandalism, even gun shots. to finish what you started today.

the battle over the health care reform have increased. some have received threatening phone calls, some of their offices have been vandalized and much of that anger was aimed

squarely at michigan congressman bart stupak. carol costello has that. >> reporter: some conservatives made michigan congressman bart stupak a verb, definition, betrayed. for some, that sense of betrayal from a man who is pro-life is visceral. these kinds of calls have been coming into stupak's d.c. office since this weekend. "you're a cowardly pupg, stupak. that's what you are. you and your family are scum." go to hell, you piece of [ bleep ]." >> this one shows a noose with the words, "all baby killers come to unseemly ends, either by the the hand of man or by the hand of god." the calls and letters kept come as stupak and other pro-life democratic law makers surrounded the president as he signed an order he says confirms the ban on federal funding for abortions in the new health care law. >> it was very joyous. after the president finished signing it, we all clapped.

>> reporter: ohio congresswoman marcy kaptur experienced pushback for her support. >> there were a lot of individuals who didn't want this bill at all. i think that's where some of this is coming from. >> i'm never going to quit speaking on behalf of the unborn. >> reporter: a texas republican congressman who interrupted stupak's speech with "baby killer," is using it in a campaign ad. dr. dan banishak said in the past two days he received $60,000 for donations. >> join the searchlight rally march 27th. >> reporter: the tea party express tour sarah palin will include stupak's district. not because of the abortion issue but because his vote on health care will "burden the

american people with even more debt and even more government control." >> what a great day for health care reform. >> reporter: sister simone campbell feel for stupak. she and other catholic nuns came out in favor of health care reform. she is getting hammered, too. >> one person called me a baby killer. >> reporter: she actually met with congressman stupak to offer comfort. sister simone met with congressman stupak yesterday to tell him he followed his conscience and faith and she is grateful because she knows it's a big price to pay. carol costello, cnn, washington. with all the talk of health care reform and the number of people who don't have insurance, a clear example of the problem today in suburban atlanta. take a look. a one-day free clinic for the uninsured is so overwhelmed, organizers had to cut off patient registration and they sent out an urgent call for more volunteer doctors and nurses.

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a look at our top stories right now. the tea party express shifts into high gear in nevada. three rallies are being heltd today, all with the same target. senate majority leader harry reid. the tea party took the fight to reid's hometown of searchlight, nevada. the rolling caravan is set to cross america and ends 20 days from now on that infamous holiday april 15th, tax day. iraq's former prime minister is declaring victory for his coalition. election results released on friday show ayad allawi blocked one seat in election bs, the most in parliament. his rival nuri el malaki is

alleging voter fraud and wants a recount. basketball star gilbert arenas was sentenced to two years of probation in a felony gun case friday. the washington wizards' guard will spend 30 days in a halfway house before serving 400 hours of community service. the judge said he believes at his core arenas is a good, decent man. we'll have another check of the top stories 20 minutes from now.

another day, another embarrassing revelation for the catholic church. it latest involves the founder of a religion order in mexico and the vatican's decision not

to try him before a church hearing despite allegations of abuse. the religious sect says that decision was made because of the priest's age and was personally approved by pope benedict xvi. they found the reverend marcel marcel sexually abused minors and fathered three children with two women. the church called those actions "reprehensible," but law enforcement authorities were apparently never told about the abuse. the revelation is adding to the pressure on the vatican to open all its files. that move would be welcomed by many catholics. >> we believe at this point he should open up the files of any sex crimes he has at the congregation for the doctrine of the faith and turn all those records over to the police, and also tell all the bishops across the globe to do the same thing and to make clear once and for all that all predator priests should be removed from ministry immediately.

>> the vatican is also fighting the fallout from the scandal in germany. a report at "the new york times" says the pope, when he was cardinal ratzinger, received a memo describing a priest returning to pastoral work within days for receiving treatment for pedophilia. john allen says the church faces a huge challenge. >> reporter: this story for the pope is sort of like a nightmare from which he can't wake up. the vatican is trying to put some distance between this case and then cardinal ratzinger, now pope benedict saying, even though this priest came into the future pope's dioceses and went on to another parish where he was accused of abusing other people and was convicted in 1986, the pope wasn't informed, that he wasn't plugged into what was going on and the suggestion being it's not his fault. the question is, is that enough? the plain answer is no. in some ways the question of what did the pope know is a red

herring. the point is, it happened on his watch in the arch dioceses of munich at that time. >> the church is facing questions about its handling of abuse cases in ireland, the uk and other countries. coming up next, it happened so fast. to finish what you started today. for the aches and sleeplessness in between, there's new motrin pm. no other medicine, not even advil pm, is more effective for pain and sleeplessness. new motrin pm. [ male announcer ] how do power and quiet co-exist? as it turns out, very peacefully. introducing powerful steam clean that whispers: the keúéore elite washer. that's genius. keller graduate school of management, you'll have a professor with you every step of the way. whether you take classes on campus,

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time for a little water cooler action. all these stories have a common denominator. they all seem to have some connection with cars. first up, idaho. how in the world did something like this happen? apparently the driver went into diabetic shock and reared up the wore and right up the guide wire attached to a utility pole. he was actually left there hanging. the driver was okay, just minor injuries. if you missed that scary thing, take a look at this one right here. a fast-thinking brooklyn heights officer pushes the teen out of the path of an out of control car before he is actually knocked over that guard rail. he was assisting in one accident in the icy conditions when the second one happened there. take a look again. that was a close call. officer john lambert had broken bones and will need a year or so

of rehab. he hopes to return to the force. of course, this is my favorite story because i love all things animal. take a look at this one. a dog that is bad to the bone. he broke through the fence and attacked a chattanooga, tennessee, police car, as you see there. he didn't stop until he ripped off the bumper entirely. talk about taking a bite out of crime. the dog's name, winston. his owner says he never did anything like this before. >> the question is, was the owner arrested? was the dog protecting the owner in some way? >> i don't think so. i think the dog didn't like something on four wheels. >> the second video of the police officer, i saw an interview with him. how amazing. true hero. can't believe he just instinctively -- would you really instinkively protect somebody that way? >> probably, and especially when

you're a man on the force. that's his job. >> you've got those instincts sharper than anybody else. >> it is instinct because you i don't have time to think in that situation. the sacrificial lamb. >> he's going to be okay. >> thank goodness. >> what do we have on tap? >>over all it's not a terrible weekend. we had so many of those. it's -- >> they always seem to fall on the weekends. >> it's fine with me because we work. most of america, not so happy. >> they want to be out and play. >> most of the nation is good today. we'll show you the nation's midsection. this is where most of the action is going to be happening today. we are going to keep our eye right in this area for the threat of some of the stronger showers and thunderstorms to be developing in here. the rain was heavier earlier right along the kansas state line here up towards nebraska into missouri. kansas city, you had a good wash of it. now you've got another second wave that's going to be pushing on through. as we zoom out and show you the big picture for today, you can see this is the main storm

system we are talking about. on the back side while you're done with the showers and thunder showers, winds are going to be really, really strong. wind advisories have been issued here from parts of south dakota all the way into texas where the winds could be gusting at times. pushing 50 miles per hour. look at this into the dallas-ft. worth area. we are looking at 22, 23 miles per hour sustained. we do have some delays at the airport. about 30 minutes to arrive there because of it. tomorrow, our storm system pushes toward the eastern seaboard with the threat of severe weather toward the southeast. if you have travel plans coming back somewhere maybe sunday night, you're going to start to have some of those problems. fredericka? >> thanks, jacqui. it was supposed to be a safe solution to the scourge of the nuclear age. a place to store radio active waste. why after making a $10 billion hole in the ground is the government calling it quits?

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$10 billion of your tax money may be going to waste. a government project that's been in the works for decades is now just a giant hole in the ground. some people are blaming majority leader harry reid. david mattingly traveled to nevada to check out the monument to waste known as euka mountain. >> reporter: you want to get to the know defunct nuclear waste repository at euka mountain? hold on. ten miles across the high nevada desert i find all roads lined

with stones and pot holes. that doesn't sound good? i feel like i've been kidney punched. >> side wall. >> reporter: it pays to have a backup in case of a blowout. >> that's the problem with these rocks. they poked a hole in the side. >> reporter: too bad nobody thought to have one for the mountain. did anybody say what they could use it for if the nuclear depository didn't work? >> no. that stuff started recently people talked about that. >> reporter: 25 years, $10 billion, there was no plan b? no. it was supposed to be the solution to the scourge of the nuclear age, the one best place to store radio active waste. it was talked about for 50 years, studied for almost 30, with five miles of tunnels drilled at a cost of more than $10 billion.

when nevada senator harry reid convinced the president to kill it, yucca mountain became the mount rushmore of tunnel vision. >> there's never been a fall back or plan b, just little steps to move yucca mountain forward. >> reporter: now it is a monument to all this red tape? >> that's right. >> i could probably use it as land fill and put garbage in. >> reporter: county commissioner says the closing slams the door of 4,000 construction jobs in nevada as well as 1,500 permanent jobs once the facility was supposed to be up and running. did you have a bigger revenue source in this county? >> are you kidding me? it would take a whole lot of cows to mess up $40 million. >> reporter: a hole in the ground is no joke. senator reid is asking the