was just an exercise, exriment on h easy it can be done. the next time it can be for real and it can be for you. get a jumpstart on the bad guys. thank you for joining us. we will see you tomorrow. have a good night. lou: good evening, everybody. thank you for being with us. attorney general eric holder is trying to hold onto his job despite calls from both political parties fo the president to get rid of it. authorizing spying o and members of the national media, his role in the fast and frious gunrunning scandal leading to calls r his resignation and now top repuicans on the house judiciary committ have begun an investigation into wheth eric holder outright lied to the committee to a to go when he made this statement. spker with regard to the potential prosecution of the press, that is not something

that i have ever been involved in and heard of or would think wod be a wise policy. in fact, my view is quite the opposite. lou: just over a week later the department of justice revealed an affidavit given the department of justice access to washington correspondent e-mails was approved at the highest levels including discussions with the attorne general himself. to gain cess to those records the fbi and justice attorneys hado sign an affidavit accusing him of espionage by labeling him a co-conspirator. house judiciary committee chairman todaysent a pointed that a demanding answers to a number of questions regarding e attorney general's role in the scandal and his department spying on as many as 100 reporters and editors at the associated press.

let her read it is imperative the committee, the congress and the american people be provided a fu and accurate account of your involvement. the white house press secretary today who has been caught in a number of misstatements and contradictions of his own if not outright lies claimed the testimony was truful and president obama still has the utmost confence in his attorney general. not all liberals agree with president. prominent left-wing scholaand george washington university professor ote a scathing op-ed today. calling for his firing. is follows calls in the left "huffiton post" calling fo him to go asell. the department of justice reach out to washington, d.c., bureau chiefs, oanizat to set up a meeting with the attorney general to talkbout changes to the guidelines for news

organizatis subpoenas. a soururce close to the attorney general telling fox newshey reet the inquiries, and officially department of justice statement read they reaze things might have gotten a little out of balance and he wants to make changes make sure the rules fully accounted balance between the first dment and law enforcement. not exactly a bouquet of roses extended by the attorney general. the ite house continues to try to tet down thealls for the resignation as the irs andal worsens by the day. for investigations are now unrway as new reports tonight show cservative groups remain targets of the ir for more on the irs targeted x return to fox news corspondent with our report. >> despite assurances from the

president targets have stopped, he says he is still denied tax-exempt status after a third irs letter he received this month. >> the fact this would go on after the fact is stunni. this is crazy these folks are still kind of intertwined in a of thi you have to have these folks move forward one way or another instead of just sitting on it. >> there is growing consensus that target came from on-site. >> we were concerned with an orchestrated campai starting at the very top of the white house to attack and disparage e familyand enterprises. >> he represen dozens of families receiving letters. >> the who timeline and the whole narrative of the white house put forward here

does not hold to the trut >> former chief counsel the finance committee pins the blame on irs abuses the lax management. >> the commissioner has to have responsibility, right up there with what is going on, what is happening at finding out if he doesn't know what is going on. i think that was very troubling this mentality needs to change. as former irs commissioner said he visited the whiteouse only one time in fi years,is successor made 118 whi house visits. s reasons. >> easter egg roll with my kids. questions about the master ability of tax policy, they were inking of on our budget. >> the white house visitay have dealt in part with how to handle another embarrassment for the administration.

the $50,000 "star trek" spoof played inexpensive irs leadership conference in010. that's bot spoof are part of an impending attorney general report. lou: thank you. for more on the white house scandal and whether we can expect accountability from this administration, rao talkshow host moca crowley. monica, let me start with you. this reaching out to the press by the attorney general, if there ever a clear act of desperation, what coulit b >> so far heas offered his "remorse" now is offering to put out s side of the story. it is a little late for that. the attorney genal is up to his eyeballs in a whole range of scandals.

there has been no truth telling going on. it is something left open. lou: as we reported, the attorney general straightout said he was not involvedn anything that woulde a potentialrosecution. thisscould be more outright misrepresentation of the reali by any imagination. >> unfortunately for the attorney general this is one of those situations only defense ends up being one of incompetence or neglecwhere you can say i did no read it or i did no know. i wasn't aware. those they kind of statements you have to make in this case to avoid a perjury charge and they are going to be very good at holding them accountable becse they are phing on the perjury, buhow many journalists over what period of time, how many

phone lines, how my e-mail accounts, that is what they want to get to. lou: the reality is we don't know how many jrnalists or records were seas. follow and trace theraffic, weatr does the physical location inashington, d.c., or anywhere in the country. does he survived this? >> we have the james rosen and fox news case. but prior to that we had the associated press and going after 20 phone lines tt cover abt 10 reporters, so the question isow many journalists, that question has not been answered, what we hoping to gain by this? they wwnted to prosecute national security leakers, but there is an underlingeason theye going after this, and tempt to

silence not ly those reporters, but potential whistleblowe on stories like benghazi and the ap and fox news. lou: does the attorney general survive? >> no. but when? it does not b position summary stays a lo time. s tenure is long. not like hillary clinton, cusing himself after reelection. so here he is, i bet obama wies holde holder would have red already so he cod have taken much of this with him, instead he stated. who in the heck with the senate confirm undethese circumstances so mr. holder has a great his feet, go slow, wait th to die downand find a more opportune time to slide out. >> not just republicans holding their feet to the fire, but now

you see left-wing journalists, left-wing people like jonathan who we reported on earlier, "the huffgton post" calling for the resignation but only one person whose opinion counts when it comes to eric holder, the president of the united states. -@president obama has shown no mercy for people whoecome inconvenient t him. lou: i cannot think o the person who has become a liability as eric holder. there are all sorts of articles of him being the president alter ego. s close relationsh with the present. i do know this, the president himself has a credibility crisis, the president himself has a crisis or coidence on the part of certainly congress, and we have a presint who is effectively willing to run off to chica and raise money as a

way to distract himsf. thiss not a happy time. >> democrats will need all that time tight and every penny more because 2014 is gng to be a rough run. eric holder will n make it easier. as to him being the alter ego, it is important not for how it makes rack oma feel but for what the president spac hings. thpresident is less concerned of what they say, more concerned with the activist base says. the folks who got him reelected like eric holder. there will be an uproar the -@president doesn't want to have to handle. lou: it would be an uproar in congress with the context of the approval rating. which inhe most recent gallup poll are 50%. monica, your thoughts. >> it usually takes a long time for pele to pay actual attention to scandals and enough

to assign blame. usually the american people are reticent to blamin blame on a presiden it took a long time for watergate to gain traction or the clinton scandal to gain traction. the president is in a unique position, very insulated, so it may be a while before the start flicking up onto him, but it will, trust me. lou: you get the last word. >> there is a lot of truth in that. the president has a strategy to go slow, dragged his feet, ride this out, so that rks the fellow democrs who have run for reelection. i don't know. lou: thank you. much more onhe scandal swirling around the obama white house. we will be picng that up with the "a-team" tonight. our returning troops ignored by thegovernment. turning hiback on veterans who flock to defend us. jennifer griffin with a shocking

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lou: wall street city finishing lower, well-off of session lows, howwver. the nasdaq lost 12. the nasdaq down1. volume on the big board 3.6 billion shares. chinese meat producers announced they would buy the company for 4.7 billion ifpproved by

regular readdrs, to be the biggest ever takeover of the u.s. industry i chinese buyer. according to the fdic, profits rose 16% froa yeyear ago, more than $40 billion. sallie mae annncedhey will split into two publicly traded companies separating consumer banking from its student loan business. the split expected to be completed in the nex year. nasdaq find $10 million for poor systems and decision-making during facebook 2012 ipo during which facebook lost millions of dollars. the bondarket falling slightly 2.%. my nextguest says the rally inequities has come too far, too fast. joining us, former chief

economist for bear strns. good to have you with us. too far, too soon, but what a nice ridit has been, is it over? >> i do think this market has to mark sometime because we are up 16% this year even after the decline today. interest rates are so low, beginning to see t investment of interest rate as we ve seen in theonth of f ma 10-year treasury yield has come up about half a percentage point. interest rates will give us a bit of a headwind and the market ll have to pause for a while and i think that will be healthy. lou: we're starting to see some correlation between bond yids and also the s&pyields. that has a few people scratching their heads. watching it stubbornly persist

loom about prospects for this year. what is an investor to make of it all? >> should not be too glmy, there have been lot of scarce. we sequester and the fiscal cliff, but the economy seems to be doing pretty well through all of that. we'rbeginning to see economic growth this year around two and .5%. not grea but not like what we have seen so far in the recovery. interest rates are pushing low, held low. crting a headwind for investors. lou:he arctect is theed, do they have the lateral to start talking about squeezing the spigot, tapering, choking

off because frankly looking to use out, doesn't look like a bright horizon if we don't have 85 billion being pumped intohe economy. if we don't have is very conservative monetary policy. >> we have to remember the fed is content t ease rates from ro. june marks the end of the fourth year the economymy recovery. it is very unusual to have such policies. getting easier day in and day out. they have to avoid potentially correcting bubbles i in the mart and creating inflation down the road however there is t much inflation topeak of right now. lou: you think of the policy of the obama administration, i

can't find inflation anywhere. it just i't there. i understand that love to worry about inflation sometimes, even deflation. the greater concern ought to be inflation. >> here's a good one fo new york city, very recently the price of a new york taxicab medalliofor individudual driver went above $1 million. you ha to have a million dollars to buy the decal to operate the cab. the function of pres being raised. we may havee seen it in the majr league soccer getting hundred milln dollars for a franchise in new york. lou: i'm going constin my fears and alarms, let the oligarchs have their arch and it

is great to have y you here. we will see hothe market and economy moves the rest of the year. we have en some great authors over the coue of ts year. many more coming up. friday will be jjined by ralph peters who will talk his newest novel. next monday he talks about his new book, yes, there will be talking about eric holder and the obama scandal at t justice departnt. and then tuesday here to talk out the shadowy history of the secretbank that runs the world. you don't wawant to miss it. next, don'want to miss what is ne. rememb when he said he was going to reduce the number of strikes? well, we have reportedly struck

again d down goes the major terrorist leader. a virus has health officials on high alert. talkintalk about what looks to e deadliest virus certainly i have hear of in my career. hear of in my career. th is [ male announcer ] need help keeping your digestive balance in sync?

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lou: a suspected american drone strike in pakistan tribal belt allegedly killed the number two man in the pakistani taliban this morning. the taliban commander involved in t 2009 suicide attack in afghanistan in which seven americans were killed. the white house is not confirmi t attack or as result, they said the death women deprived the taliban of the chief military strategist. it comes six days at the president announced new limitss% on drone strikes. 160 congresessmen have sent a letter to president obama. urging him to get more involved

with a growing backlog at the departnt oveterans affairs. that'sackl has grown to affect 600,000 of our veterans. an increase of 2000% in just the past four years. fox news national security corresponden jennifer griffin has our report. >> the number of veterans waiting for their disability benefits has doubledn the past four years. nearly 600,000 claims are backlog meeting they had not been resolved for 125 ys according to statists. >> you should not have to stand in line for more an a year if you have a disability claims pending with the veterans administration. speed of the average wait time, 273 days paid despite half a billion dollars new computer system designed to improve efficiency, 97% of cl are still filed o paper. a couple veteran affairs offices in virginia and north carolina

are faci structural damage to their facilities overburdened by the weightf thepaper claims. the budgetncreased 40% in the past four years. its budget is send only to that of the department of defense. the president secretary of veterans affair retired four-sr general recently received the american hero award the night of the heroegala, but some lawmakers are calling for him to resign his cabinet post. he has headed the va since 2009. speak of the va has be run like a busiss that provides services to their customers. >> we are aggrsively executing a plan we have put together to fix this decades-old problem and elimine the backlog. >> in some cases there are good reasons e backlogs. when he tookver in 2009 he removed obstacles for vetens to receive disability benefits

for posttraumatistress which ca a surge in claims. the total number of 9/11, that's receiving disability payments soared from 2,000 to 196,000 from 2,622,012 he did >> you take carere of your peop, it is that simple. >> severely wounded veterans from t currentars make up the bulk of the claims awaiting action. 37% were filed by vietnam a veterans, 20% by post-9/11 war veterans. nonetheless congress and the public are demanding answers on why the va, second largest gornment department, appears be broken. -@fox news loo: we will continue to follow this absolute national disgrace at the department of veteran affairs in this broadcast and we will do so gularland thoroughly frohere on.

the number of civilians has climbed to a new record as well. nearly 11 million people are now receiving disability benefits, that is a number that exceeds the pulation of all but seven states. the last time a number of americans collecng disability actually wen down was 16 years ago in january of 1997. a state audit finds massachusetts has paid out millns of llars in welfare payments to dead people or people using the social security number of dead people. payments totaling $18 million over th pastwo and half years, that is just for on state. president obama heading to his hometown of chicago trying to put all ofis scandals behind him for at least a day or so. we will talk to the a team if he is about to lose his attorney general. being called a threat to the

entire world. a deadly superbug that has no known origin, no kno cure, and kills at an alarming rate. dr. marc siegel on the chilling dr. marc siegel on the chilling details of the virus. atd, whatever business you're in, that's theusiness we're in. with premium service like one of the bestn-time delivery records and a low clms ratio, we do whatever it takes to make your business our business. odhelping the world keep promises. we do whatever it takes to make your business our business. i did? when visa signature asked everybody what upgraded experiences really matted... y suggested luxury car seice instd of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and um..

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lou: breaking news, tornadoes, hail, strong wind pressing the central and southern midwest tonight one day after tomatoes hit parts of northern kansas. forecasters warning west can do's and oklahoma at a moderate risk of severe weather including moore, oklahoma, where 24 people were killed in last wek's ef ve tornado. no injuries reported from the tornado outbreak b at least 18 buildings severely damaged. turning to a deadly new that that hasorld health officials on high alert. the world health organization day confirmed five more cses

of middle east respiratory syndrome had aoronavirus. the sars like virus is a threat to the entire world. 27 of the 49 confirmrmed cases relted in death. joining u now giving us perspective on this deadly virus fonews medical contributor dr. ma siegel. i have never heard of a virus that has better than a 50% death rate. this is stunning stuff, what is happening here? >> it is certainly something we have to takeseriously. any time a new virus emerges we don't kn the scope it is going to be. the initial virus looks like high def rate among e cases. there is a problem, first of all he is not very shy when she says

reat to the entire world. the head of the world health organization said it could kill up to 90 million, it was swine flu, says every time there is an emerging virus, she did it with sars. there is something very interesting. in 2003 effective 7000 people and killed 700 when it first emerged, sars was 50% death rate and evybody panic, it will kill the entire world. the city of toronto was cordoned off, asia spend $30 billion keeping peoplerom traveling and sequestering people. you know what, that is the rea story about sars, the fear, the panic. now i see on tv people say this could be another sars. but it was not as bad as people said. why my talking about sars? its the same kind of virus. guess what else is, the common

cold lou: wn i look at the symptoms of this rus, talking about the cold, or flulike, symptoms. how many illnesses have those as illness. wait a minute, wait a minute, the world health organizn is telling us there are 49 cases. this is pretty good because we're a planet of over 7 billion peop and they hav had come down with9olks, the knowow many of them have died. this doesn't sound right to me. what igoing on? >> what is going on is it is too early to say anything like what you say because we don't even know what something called the attack rate is. untitil we see it actually reading, we cannot assume it will. most of these new viruses do not

stay deadly as they spread, it's to dea teeter off. every year there is one of these and the real virus here is fear. we have scientists to study these things, but we need a message of informaon, are oking into it, studying it, figuring out the dna, published in thh dna on the web but iis not clear this will end up being a worldwide scorch. lou:hat in the world can one do if one did panic? we are dealing with science, sciee is identifying this virus. what'm curious about is suggesting tis is an abnormally

high rates mutating to the point it is absolutely resistant to antivirals. kind of put that into context for us, if you would. >> everybody loves the word mutating because it is a fear word most of the new tate or change in ways that make them less harmful, not more harmful. i do not think they will become more harmful. if they did, we would have a cure for theommon cold. we don't have vaccines against them, mo of the timehey don't spread like wildfire and become the threat. i think it is worth watching this virus and worth studyi it. i don't see a vaccine coming against it.

lou: that is a wonderful point. terrific as always. >> margaret chan is a problem. more vaccines getting manufactured and more panic, but it ii t responsible. lou: this money goes to pharmaceutical companies, you e not sayyng this is big buness at workare you? >> there are people who think this is a conspiracy. i am awaref the networks that form every time she says something. lou: if she is such alarmist to such a degree over ch a long period of time, why is the united nations keeping her in that post? >> they don't always have a memory.

lou: we appreciateour sharing medical science. thank you for being here, it is fascinating that we will keep youp-to-date on this corona novel virus. come avenu if morrow, ambassadon bolton on the presidents sudden about-face on drone attacks. up next the controversy around him so thick even democrats are calling for eric holders resignation. next.

lou: joining me w the a-team, doug shown, editor of red state.com, eric erickson, and fox news political analyst juan williams, great to you have

here, let me start, if i may with attorney general holder is going to talkk with the distinguished bureau chiefs of print and broadcast organizations in washington to talk about how better serve subpoenas on tm, and spy on them, and get their records how is ts a sweet bouquet and kiss to the media offended. >> it will be a wet kiss, attorney general has lost all it -ot most of his credibility. lou: would you advis the president toet rid of him. >> i think he has to seriously consider it his credibility, i don't think it rises to level of perjury but it issues the

special prosecutor. lou: jn, did he lie? >> ion't think so, i think he was talking about public national security, he was not party to the thought that you wod prosecute james rosen, it wa he made a terrible error in listing james as a coconspirator. heid not lie about thaa to the house. lolou: eric, do you concur with our olleague? >> i'm not so sure, gen his statement, definitive that he did not sign offn the investigation, andly did, to his credit, attoey geners have a lot of paper shoved in their face and signed. but h signed it, it was his call and we know we i concerned giving immediate push back, fawng stories about how he upset his public image is not what he believes, well he did it. lou: did he er.

let me turn to internal revenue service four committs pursuing e internal revenue service. it turns out,oug that we've been lied to aga. >> that to me, lou is clear the story that we wereir told, about a limited investigation coming out of cincinnati by some low level employees, is just false. we're learning of hher level involvement in washington. the treasury informed earlier than administration had indicated. lou: only by a year. >> what is aear among friends. lou: rising to level of deputy treasury secretary, juan, is there an excuse for this level of -- i don't know what you want to call it? a misrepresentation, we don't want to call it lies, don't use that expression in washington. but this administration in grip of inability to find truth in their testimony before congress.

>> well, there is a lot of, how do you say it politely, cover your something, your derriere or something. lou: we're all abouts french you got it. >> i thi they -- everybody is in that mode, you see people forced out, and lois lerner concernedbout her fifth amendmt rights, so thi point, everyone is you know, lawyered up. but i will say, i would point you to, lou, say, you know darrell issa, one of tse peop that was told way back in 2012, we didn't see the republican you know the great investigate or warning conservative group or making a issue of this at that time. lou:e'reoing to take that up whene continue with the a-team. we'll take a moment to invite you to join us on-line, go to loudobbs.com to get links to our

facebook page. and e-mail me, and tweet me. we're coming right back. alec, for this mission i upgraded your smart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earned with my venture card to erase recent travel purchases. d with a few clicks, this mission never happened.

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lou: i want to turn to study, in pew research, showing that women have become the bread winners in this coury and a lot of other troublee stagtivityics, butur society is torn in so many directions that stuff at the margin when watch republicans and democrats, this president, and his scandals and appropriation investigation by the republicans. whether we watch society dissolve aund us, juan, what do you think?

>> i think this should be in laeeletters on front page of every news papeer in ameri, we're seeing with 4 out of 10 families now the women is the primary bread winner, you see the disinsgration of marriage, men hard hit b by the economic recession in ways that wom were not, you are seeing systemically, something going terribly wrong in american society, it is hurting our children, iwill have impact for generations to come. left, right, i don see how you can argue this. lou: you mentioned children. those are the childn who survive. 54 million abortion since roe. wade, what haseen impact of that? what does that say about ours so fee, our high school drop outs, eric, your thoughts on this study. and what it portends. >> i am used to liberals telling conservatives they are

antiscience, look at biology and natural world, res of a male and female in socty, the other animals male is dominant roll, female with a complimentary role, we lost our ability to have the relationships in nuclear families, it is tearing us apart, 3/4 of people survey recognize that having mom as primary bread windsor bad for kids and bad for marriage. >> the politicians are so scared, they are a bunch of -- you know. i he to tell you it is tearing apart minority communities worse than white communities. lou: doug? >> i think i would associate myself with what juan is saying, i wrote a b by biography of danl

patrick m moynihan, this is a catastrophic issue, no one on the left, right or center is dealing with the break down of familytructure could we're losing a generation, this could undermine our social order. lou: it may be doing, that looking at the absolute disaster that is our public edution system. and the fixes that have green -- fiction that have grown up around what we've done with our localchools, we have a depame of education which is no replacement or adequate comment. to local school districts having contl of those schools. s community, and we have got the left and the right, and juan is talking about it, in racial terms, even hitting minority communities harder. if it hits any community it is

our community. this is not something that is in my opinion debatable. >> we are pying cannoned to or political rhetoricition who want to use language of rac and division, we need to tell them to go to hell. >> the people that wt school choice and benefit from school choi the most are poor african-americans andispanics. lou: we're not talking about that now -- i don't want to hear partisan words. let's talk about teaching our kids how to read, to write,x express themselves and built relationships, eric, you get the last word. >> you kno it is more difficult for republins these days they are so scared of idea of war on women, and raising this issue is sounds anti-women, then to basic point we he a ociety of

elites who do not think this is a bad thing but they raise kids in schools to be workers not citizens. citizens. lou: well said, dou you hurt my feelings, todd. i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instd of "streng training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i tvel a lot and umm... [ me announcer ] at visa signature, evy upgradedxperience comes from listening to our cardholders. va gnature. your idea of what a card should be.

neil: heres how you know the %-there thinks that anybo hasone done anything bad. i am neil cavuto, how is this for hutzpah irs agencies were hitting upfan, conservati groups with long questionnaires and worse, it is all detailed in a lawsuit filed today that cims a lot of other stuff too. that raises a we here -- question here, doos anyone have a sense of a clue over there? is the irs so out of control that even under the harsh area of public spotlight, they are still