larry: h.r. 1, steve scalise's bill. save america by opening up the fossil fuel spigot, promote growth, cut inflation and let liz macdonald save america, she's awfully good at it. elizabeth: that was a great show, larry, good to see to you. okay, this coming up tonight, what you need to know about the irs out of the blue showing up at the home of twitter files journalist matt taibbi the same day he every thed about the weaponny -- he testified about the weaponization of government. plus, the grand jury probe into former president trump. with us tonight, james comer, carol issa and bruce westerman,

tom dupree, retired nypd officer bill sanchez and mitch roschelle. the senate had its first hearing into the u.s. bank crisis, we also have what former president trump had to say about that crisis, and another new poll this time from monmouth. now 4 in 10 democrats do not want president biden to run again. and experts slam, quote, ineffective school pandemic policies at a hearing today as parents said say, told you so. and dr. fauci in yet another controversy, plus, a vicious assault on a staffer for senator rand paul again reveals major i flaws this in democrats' crime policies, and as the treasury department stonewalls, café bank voluntarily turns over biden family documents for the probe into their business deals selling access overseas. i'm elizabeth macdonald, "the evening edit" starts right now. ♪ ♪

elizabeth: thanks for joining us. check your money. stocks ending down. wall street is juggling the senate, grilling u.s. regulators today over the bank crisis. there's still fierce about contagion and also fed rate hikes. and we've got reports coming in that banks are warding off deposit runs by lifting their own savings account and cd rates to get customers to stay put. we're talking cd rates of 4.75 points for 11 months. now, cash has been crowding into u.s. money market funds. it's borough at the fastest clip since the pandemic. it's raising fears banks can't handle the turnover in deposits. all this as president biden travels to north carolina today kicking off his investing in america tour. we've got edward lawrence live at the white house with the story. edward. >> reporter: and you know what, liz, the president just said that the banking crisis is not over. he said his team has handled it well so far. he said that right before

getting on air force one. any minute now he should arrive back here at the white house. the president on his remessaging tour for the economy. all month the president as well as cabinet members and other inner circle folks will travel to more than 20 states highlighting how much money the president has signed into law. the pitch is that he's in charge of a booming economy, and people should ignore the inflation that they're struggling with. >> federal investment attracts private sector investment. it creates jobs and industry and demonstrates we're all in this together k. and that's what today's about. we're here to talk about what we're doing to invest in america, to invest in north carolina and the progress we've made building an economy from the middle out and the bottom up. >> reporter: he also pushed the $4.5 billion already announced for 158 infrastructure projects across north carolina. now, with a democratic governor and two republican senators, the president wants voters there to know he's spending taxpayer money in north carolina. that's exactly the problem

according to republicans. >> joe biden has been irresponsibly missing in action on debt ceiling discussions, putting our already fragile economy in jeopardy. this morning speaker mccarthy sent president biden a letter presenting a reasonable, sensible and responsible path forward to address our fiscal and economic crises. >> reporter: and the white house press secretary releasing a response to that letter saying the president would have a separate conversation over the fiscal future, as hay put it, but then would want a clean debt ceiling, not negotiating, standing firm on that point about not negotiating to raise the debt ceiling. elizabeth: edward lawrence, thank you so much. look who's back with us, congressman bill high zynga and macro trends founding partner mitch rochelle. congressman, the president is clearly trying to rebrand himself for a 2024 announcement, you know? the maga attacks on maga republicans, it just, it falls short when you see the policies

take hold. you're going to hold, your house financial services will hold a hearing tomorrow on the bank crisis. senate banking had their hearing today. what did you find out what went wrong? because, you know, people are really scared out there that multiple banks are hitting the wall. there could be contagion. >> yeah. and i don't think there is that contagion so far from what we have seen. we've got to be responsible, we've got to the make sure that we are giving confidence but making sure it's not false confidence, right? if because people will sniff that out, investors sniff that out. so we have to be realistic about it. it was interesting watching and reading some of the transcripts from today's senate hearing. we're very much looking forward to tomorrow tomorrow's house hearing. but clearly, there was problems with bank management. clearly, that was the case. both sides seem to agree with that, even elizabeth warren talking about that. leading into the second thing, which is supervisory problems. that has to be part of this equation and part of the cushion whether it was -- discussion

whether it was the california regulators or the federal regulators including the fed -- elizabeth: but, congressman, people are tired of having their taxpayer money thrown at these problems when they're asleep at the switch. >> yeah. elizabeth: i mean, that's the issue. and and the other thing too, congressman has been pointing this out, mitch, the thing is, mitch, the officials are not showing up to testify. the congressman is making an important point here, but we'd like your reaction to senator tim scott here. watch this. >> unfortunately, the bank with execs aren't the only managers we're missing. the secretary of treasury and the chairman of the federal reserve are also not here to every. nor do we have chairman powell here. instead we have the vice chair of supervision here to use the committee as a platform to often the wrongs under -- to the talk about the wrongs under his supervision. elizabeth: so, mitch, why the no-shows? the same officials that said, yeah, bail out silicon valley bank, and they're no-shows?

>> is no, it's appalling. if you want to look to the root cause of this problem, it's a lack of responsible fiscal policy, and it's the a reckless monetary policy that led to all of this. and if we want to ever prevent things like this from happening again, let's talk about that. but you have jay powell saying it's not my job. last week he said it's not my job to tell congress what another the, and then you have janet yellen flip-flopping on sunday shows in terms of what her message is. you know what? the buck stops with those appointees, and i i think the senate and the house, the congressmen, they should be asking them the hard questions. i completely agree. elizabeth: and former president trump, congressman, triggered this debate. watch what he told sean hannity last night about silicon valley bank. watch. >> i wouldn't have supported the bailout. the bank would have to get a loan by itself, and maybe they could have. what happened with the bank is interest rates went too high. and, you know, i had my own situation with powell, and i beat the hell out of him.

i was not a big fan of powell. i was concern he was recommended by some people, i didn't like him. he's too interest rate-happy. what you cois you get -- do is get the oil prices down, it's bigger than interest rate, the only thing. elizabeth: what do you think, congressman? >> clearly, we do have to work on energy and that's what h.r. 1 is about that we're passing this week. going back to the what the fed if kid with interest rates, the analogy that i used the with powell last week in the our hearing many financial services with him was this: going back to the greenspan punch bowl analogy, right? no one had the courage to take the punch bowl away, and you've got groups of people cheering on, pouring another bottle of 151 rum into the punch bowl to keep the party going. and just as mitch was saying, that is what has been a huge inflationary problem that has gotten not only svb, but others into this kind of problem. elizabeth: yeah, that's it, inflationary problems. so, mitch, show the monmouth

poll. four in enthe democrats don't want the president to run again. the fdic is throwing around a lot of money, reportedly gave a $70 billion line of credit to first citizens to acquire svb, spent $20 billion to protect the deposit base there. these are huge amounts after the former ceo, greg becker, he walked out with more than $13 million, fled to his house in hawaii amid a doj probe and then the risk officer gets over $7 million? after she oversees a bond-buying spree that collapsed the bank with bad debt on the balance sheet? >> listen, i can understand the logic behind the fdic trying to protect depositors, because depositors are innocent victims. however, management to the bank, the risk officer, shareholders of the bank, they should not be protected. absolutely, positively not. and if a bank has to go under, a bank has to go under. i can understand the fdic trying to protect the banking system,

but that's one bank. what happens when we have another one? elizabeth: you know what it is? the canary in the coal mine is commercial real estate and construction loans. that's a knock-on effect to small businesses. if there's an issue with that, if there's, you know, black swans flying around these bank balance sheets, that's going to be the canary in the coal mine. it's construction loans and commercial real estate. we're going to be watching for that. congressman and mitch, thanks for joining us. it's good to see you. well, look who's back, house oversight chair james comer. congressman, here's the news coming in, the grand jury on the probe into former president trump, they are going to the sit out the rest of the week. they're not going to come in. this is manhattan d.a. bragg's investigation into alleged hush money payments to stormy daniels. no one knows what's going to happen with this. what do you think of the fact that the grand jury is now out for the rest of the week? >> i don't know, but it's a shame that the d.a. has wasted their time for the long. i mean, when you look at the crime rate we have in america and you see the manhattan

district attorney wasting valuable court time on a case that he clearly doesn't have the jurisdiction or the case that the statute of limitations ran out 3-4 years ago, it's very unfortunate. so one of the reasons we've questioned the d.a. and asked for him to come to congress and explain how he's spending taxpayer dollars is because we realize that, you know, this is something that he shouldn't be spending his time and investing tax dollars and trying to indict. elizabeth: so we have this also, house oversight, the ranking democrat member jamie raskin, heed had this to say about you and the other house gop chairs requesting d.a. bragg testify. let's please get your reaction to this, watch. >> the department of justice will never turn over any information during a criminal investigation or prosecution. but we don't even have oversight jurisdiction over a state or local d.a.. nobody's ever heard of that before. that's not congress' role.

we're federal, we're not state or local. so that's why it seems so radically improper, and i, you know, to me, it looks like a political stunt and political theater. elizabeth: what do you say, congressman? >> well, the political stunt and prettial theater is on -- political theater is on the part of mr. bragg. he doesn't have jurisdiction trying to prosecute a presidential candidate not to mention the former president of the united states over a federal campaign finance violation where, by the way, the statute of limitations ended four years ago. we believe his time would be better spent doing what these prosecutors in the these big cities are failing to do right now, and that's to prosecute the criminals, to keep them off the streets and to try to do something about the crime. and that's his job, is to focus on crime. and for jamie raskin to portray this as some type of major criminal investigation,st it's a

political stunt. it's a waste of tax pay dollar -- taxpayer dollars, it's a waste of grand jury's time, so that's why it's of particular interest to people like me and jim jim jordan on the house night sight committee. we know we have a crime problem in america, and we want these prosecutors to focus on the real criminals in america. elizabeth: so the chances this gets overturned on appeal if former president trump is indicted, let's listen to the former president and what he had to say about all of this. watch this. >> my opinion, it's a new way of cheating on elections. it's called election interference. what they're doing is if they can't win at the ballot box because i'm leading everybody by a lot in the polls, every republican, frankly, and every democrat including biden by a lot, and they can't beat you that way, they're going to do this kind of stuff. this is, it's never been cone like this in the history of our country to this extent. people are pleading with the prosecutor, don't do it, don't do it, it's wrong.

even democrats. even people that traditional wily are not exactly my fans, they put up a picture of me. and you know where i was holding the baseball bat? it was at the white house, make america, buy america because i did a lot of buy america things. and this is a company that makes baseball bats. then they put next to that picture a picture of alvin bragg. i didn't do it, they did it. elizabeth: all right. he's saying he can't do it. critics saying, well, they don't know about that. but he reportedly posted the photo of himself holding a baseball bat next to a picture of k.a. bragg concern d.a. bragg and didn't take it down until it was criticized. what codo you make of election interference? the same sort of case was brought against john edrd. it did -- edwards. they couldn't prove it was an election expenditure, that the payment was made so john edwards would not face future 'em embarrassment as a public figure. that's what trump could do on appeal, right? >> yeah. weed wards, he took money --

weed wards, he took money are from a major donor, so he clearly violated campaign finance laws. with trump, if that money was apparently paid as the, as the prosecutor's claiming, that was paid with his personal funds. so i use this example, liz, if someone's running for office and they get a divorce and they want to settle that divorce, they're going to write their spouse a big check for that divorce and hope that they don't talk about it. that helps their campaign. but, obviously, they can't use campaign funds for that. they have to use personal funds. so the arguments they're making here clearly don't make any sense. and at the end of the day, we just want people to stay out of our elections. we just want the government to the stay out of our elections. and it is a sense of election interference. but i tell you this, liz, i think it's backfiring on the democrats. trump's numbers are going up in the polls, and i think the reason is people see that they just constantly pick on this

guy, they constantly investigate this guy. and, you know, this case was passed by the doj several years ago, but now the manhattan d.a.'s taken it up. this is a political stunt. elizabeth: you know, there's so many people who don't like trump, right? other side of the aisle clearly doesn't like him. but when you take out the names and you rook at the facts of what happened from the beginning, they were moving to impeach trump even before he was inaugurated, you know? there was riots the day he was inaugurated. people feel that trump was railroaded. a lot of people out there feel he was railroaded and treated unfairly. your final word on that. >> if this weren't donald trump, the manhattan d.a. would not be wasting time on this case. elizabeth: all right. chairman comer, thanks for joining us tonight. >> thanks for having me. elizabeth: we have a are vicious assault salt, a staffer for senator rand paul, he was seriously injured in washington. this is genre vealing major flaws in democrats' crime

policy. plus, congressman darrell issa on what you need to know about the irs showing up at the home of twitter files journalist matt taibbi on the same day taibbi was testifying at that weaponization of government and censorship hearing down in washington. all that next on "the evening edit." 9. >> this isn't just a matter of data was given to these so-called journalists before now. >> i'm not a so-called journalist. i've won the national magazine award ward, the if stone to be award for independent journalism, and i've written 10 books including 4 new york times bestsellers. [laughter] ♪ all i cois win, win, win no matter what. ♪ got moneyen on my mind, i can never get enough. ♪ and everybody time i step up in the field, everybody's hands go up ♪ progressive makes it easy to save

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elizabeth: okay, this story the, house judiciary chair jim jordan demanding answers from the irs and the treasury department after an irs agent showed up out of the blue at the home of twitter files journalist matt taibbi. it's raising concerns about possible government intimidation. kelly o'grady live in los angeles with the story. kelly. >> reporter: well, it's great to see you, liz. the irs' own web site shares while house visits happen, most contact is through the mail, but

on on top of that, it's really the timing that's raising yea brows here. the alleged visit happened the same day taibbi testified on alleged government censorship. the journalist claims the irs agent left a note requesting he call four days later, he was then informed his tax returns had been rejected over identity theft returns. one filing was accepted over four years ago. and the 2021 return has been rejected twice despite following protocol using an irs pin number. critics question the irs' motives. >> they could have sent a letter, had someone make a phone call, they could have reached out to matt tie taibbi's cpa to deal with. to send an agent to his home on the very day he's to testify? this reeks of intimidation, and i'm going to continue to put pressure on the treasury to get to the bottom of this this even if it requires withholding funding. >> reporter: jim jordan also seeking answers.

in a letter to the irs commissioner and treasury secretary, he demanded the irs hand over all communication regarding the visit saying, quote, these demand careful scrutiny by the committee. we've received no comment from the irs or treasury, but a lot of critics are saying this is another example of weaponized government targeting free speech. liz? elizabeth: kelly o'grady for that reporting. good to see you. joining us now, congressman carol issa the from house judiciary concern congressman darrell issa. you have a lot of expertise in this area. you were oversight chair in 2014. your committee investigated lois lerner and the irs targeting conservative nonprofits. what's your reaction to the report and thest story? >> you know, it's thinly veiled, i wouldn't call it. this is an example that really takes us back to lois lerner when my then-subcommittee chairman jim jordan took the lead on that investigation.

we can go much further back, we can go back to nixon who was literally impeached for helping weaponize the irs against his political enemies. the irs is entitled right now to 87,000 new agents unless we successfully sop stop it. it only took one agent to inappropriately waste a huge amount of time on somebody who's not alleged anything. there was no reason for someone to make a personal visit. so it's very clear that either this was a waste of resources, which is unlikely, or more likely this was an individual on instructions or on his own attempting to intimidate a congressional witness. not new, not at all new. it goes back to the mccarthy era perhaps, and it certainly goes back to the nixon era, and we have to make sure that it stops. this is the reason that taibbi was testifying. he was testifying about the weaponization of your government against you on the day that they attempted to weaponize the who government existence him.

elizabeth: so the fear is the irs will have more firepower to go after what they may perceive as political opponentings. i mean, you know, $80 billion new budget, 87,000 more irs workers including agents, you know, so that that's the fear there. i covered the irs for decades, i testified twice before congress about irs abuses and reform, and service the, you know, john f. kennedy under his white house, you know, they basically had the irs commissioner just, you know, audit lee harvey oswald's group, fair play for cuba committee. so your point's well taken, congressman, the has been going on for years. now, jim jordan gave the irs a deadline of april 10th. he wantses any communications with also any executive branch entity, so that the includes the white house, right? >> absolutely could include the white house or somebody in or around the white house and just as likely could include doj and others. again, remember, matt taibbi,

his only crime was being a victim of identity theft in the past for which he has a special pin number that he files under. so this isn't even a question about his taxes, this is an excuse to go out and harass the man. elizabeth:st the four years old. that, you know, issue about his tax return is four years old. and, you know, he's saying he worked it out with his own accountant the, they were working on it already. it's unclear why the guy just showed up out of the blue at his house the same day he was basically testifying about this censorship industrial complex. this is taibbi every thing on what was going on between the government and twitter to censor the hunter biden laptop story, you know, people who had, you know, different thoughts and, you know, studies about pandemic shutdowns and lockdowns, they disagreed we and all of that. so it's really striking, the timing of this. >> well, the i'm thing is striking -- timing is striking, but it's also part of this expansive discovery. you know, when jim jordan as

chair was handed select committee, we were mostly thinking we were looking at twitter, facebook, google and the like. we're now realizing that that we have essentially a dozen or more agencies, hundreds and hundreds of individuals and perhaps thousands behind them that are being used to do the things in favor of one political view versus another. certainly when we look at an attack on basically parents around the country if they voice their concerns about what the teachers union wants to do behind their back, they become victims of doj. so it is getting expanded. i don't think we've had an investigation for many years. we're cue for one that goes on for -- due for one that goes on for several years until this is fixed. elizabeth: it comeses as biden's ptc chair is targeting elon musk at twitter and demanding twitter, quote, identify all journalists granted access to the twitter files. ptc has been investigating elon

musk and the layoffs at twitter. they want his internal communications. they say they're looking into twitter's privacy and cybersecurity practices, but this feels, congressman, really top-down, that they're using the cudgel and the power of the government. >> well, nobody has to tell the federal trade commission chair to weaponize the ftc. she's doing it on her own. i doubt in this case we're boeing to find as much communication in the white house as we're going to find that she's on her own jihad to go after the right in a huge way. elizabeth: going to. congressman issa, thanks for joining us tonight. >> thank you. elizabeth: this story as the president's treasury county stonewalls. café bank is a chinese-american owned bank, café bank is turning over biden family documents for the probe into the biden family's business deals selling access overseas. and also we have reire thed nypd officer bill stanton coming up. we had a vicious assault on a staffer for senator rand paul.

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elizabeth: okay, we have a new house oversight hearing today on the fallout of school shutdown policies in the pandemic. parents out there probably are going to sit there and say, or you know what? we told you so. fox news' mike emmanuel in d.c. with the story. mike. >> reporter: liz, this panel digging into with covid-19 questioned an epidemiologist about lessons learned from the pandemic. >> children less susceptible to covid-19 infections than adults? >> so early on in the pandemic we saw that they were less likely to be infected, but they've always been much less likely the experience severe outcomes. >> reporter: that the expert also noted that masking and social distancing were not effective, and so the default position should have been reepping our schools. reopening our schools.

republicans blamed political influence for keeping schools closed. >> why do you think the cdc seemed to listen more to input from the even ther unions concern teacher unions than from scientific data from other countries and from their own scientific report? >> reporter: the subcommittee's top democrat asked a representative of school nurses nationwide about getting back mt. classroom too quickly concern in the classroom too quickly. >> is it safe to say that a reckless reopening process without vaccines or safeguards would have been damaging particularly to the health and possibly lives of folks not just in our schools, but those family members back home? >> yes. >> reporter: in addition to concerns about the impact on school children, their education and their mental health, new york congresswoman nicole malliotakis wants to know if billions of dollars in taxpayer money was spent wisely. >> should the federal government audit that money to find out where it went, yes or no? >> yes. >> and should the states be

forced to repay that money if it's unspent still? >> yes. >> reporter: key lawmakers say students should never be forced to pay price for policy mistakes. liz? elizabeth: mike emmanuel, great report there. let's welcome back to the show retired nypd officer bill stanton. okay, bill, lots of things went wrong with these bad shutdown policies. they were a mistake, including crime went out of control. your reaction to the staffer on senate homeland security, phillip todd, he was stabbed several times walking down a street in washington d.c. he's now recoverying -- recovering reportedly from a punctured lung and brain bleeding. the police arrested a 42 the-year-old just released from prison a day earlier, he spent a cousin years behind bars for compelling two women in north carolina to engaging in prostitution. your take on this story. >> well, it's not surprising, and we're only going to see more of it.

as politicians decry the police, dethe fund the police and -- defund the police and cops are now realizing that they very well may end up in jail for trying to send a bad person in jail, it's a bad mix, and it's the only going to get worse. elizabeth: why would cops end up in jail? >> because as we're seeing, even if a cop because everything right, if the court of public opinion say they're wrong, they could very well end up in jail. the we're not having inchemnified immunity, why would a cop go to fight the bad guys if they think there's a better chance than not they're going to get sued or end up in jail? and we see certain politicians say that every day. if you ouch the them on the left clavicle, you know, like anything they're going to get locked up. elizabeth: we understand what you're saying. yeah, we understand. major flaws in the democrat crime policies. you know, the president vetoed a bill that would have kept in places d.c.'s weakened crime

policies, but look at the chain stores that are shutting down. cracker barrel now leaving portland, oregon. nearly 2700 businesses have left the portland area since the pan dem im. walmart -- pandemic. walmart leaving. when you see drugstores locking up nail polish and deodorant, that's a red flag that crime is out of control in your neighborhood, right? >> liz, you hit it right on the head. corporations are out to make profit for their investors, and spending those dollars in those areas does not make sense to them because they see the trends just like everyone in your audience. people are going into stores just opening up bags and throwing things in and walking right out of the store having absolutely no fear of being prosecuted. st not a good sign. elizabeth: but now we've got more and more states moving to reverse these bad retail theft crime policies. wisconsin may do that, california, florida, louisiana, north carolina raising,

increasing penalties for stealing from stores. we've got lawmakers in about a dozen states that want to more harshly punish people caught shoplifting and stealing from reail stores -- retail stores. will this urn the it around? >> well, you know, once you push that snowball down the mountain the, it's pretty hard to stop the momentum. there has to be a systemic laws amongst police departments and politicians and prosecutors showing that heir going to lock these criminals up -- they're going to lock these criminals up. unless that happens, it's only going to continue. elizabeth: bill, thanks for joining us. good to see you again. okay, we have this breaking news coming in, more on governor gavin newsom, he's putting california as first in the nation to penalize and fine oil companies for price gouging at the pump. wait until you hear this story. also former deputy assistant attorney general tom dupree with this story.coming up, the treasury department's

stonewalling still but chinese-american owned bank caée bank now turning over biden family documents for the house and congressional probes into the biden family selling access in their deals overseas. that's next on "the eveningg edit." mar bu ♪u my ameriprise advisor helps me feel confident about my financial future. he knows me and my goals. it's not the first uncertain environment he's helped me navigate. probably won't be the last. but with his advice, i know i'm on track. the plan we created can withstand uncertainty. no wonder clients rate us 4.9 out of 5 in overall satisfaction. because advice worth listening to is advice worth talking about.

we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you have no idea! hey, guys! you're sitting on a goldmine! come on, guys! do you hear

that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. elizabeth: okay. we need former deputy assistant attorney general tom i cue the prix on this story. he is so smart, he can help us out with this. okay, tom, this story. café bank, it's founded by chinese-americans. they reportedly facilitated many biden family transactions and their deals. they're now voluntarily giving congressional investigators biden family bank records? tom the, this is a big difference from the stonewalling going on over at biden's treasury department. what's going on here? what do you think? >> i think what's going on here, liz, is it shows you the effect when political appointees in the treasury county get involved. we can't know for sure, but from outward appearances, it looks

like you have u.s. regulators in the treasury department presumably who realize that these documents could pose a political threat to the president, they could be embarrassing to the president and to hunter biden, and so they're taking a hard line in terms of refusing to turn these records over to congress. elizabeth: but then you have café bank reportedly voluntarily turning over 200 bank records between 2017-2018 showing, you know, tom the, you're so smart. we love having you on the show is. we've been reporting how the biden family moved money through a complicated web of shell off-balance sheet shell companies. that's apparently what these café bank records show. you know, the deal making between hunter biden-linked businesses, chinese energy full-terms -- firms, cefc and more. what do you think? >> oh, my gosh, it's a complex web if i've ever seen one, liz. for me at least so much of the argument of the biden team has been, look, these were legitimate investments, loans,

they were business investments, hunter biden wanted to start a private equity fund. but from where i sit, hunter biden is not exactly warren buffett. i think it's pretty suspicious to the say there are investors who say i've got a lot of money and the man i trust is hunter biden. i don't believe it. elizabeth: that's interesting. let's listen to senator ron johnson on this. watch. >> that is a very interesting development right there, that a bank from china, let's face it, the communist party controls those type it is of institutions, they willingly gave us the documents that backed up the treasury records. is that the chinese communist party, is that a shot across president biden's bow saying, listen, this is some of the information we have, if you don't tow the line, if you don't cothing things that please us, we're going to provide even more information? elizabeth: okay, tom, café bank is chinese-american owned, but what kid can you make of what the senator said just now? >> what i think is, look, the

folks on the oversight committee were not born yesterday, and they realize there is a real difference in approach between one bank that eye peers to be concern appears to be extremely fort coming and other banks who are being sine with the records. what accounts for the difference? many there could be a logical explanation, but there might be something more here, and i think the committee's going to get to the bottom of this this. elizabeth: yeah. this probe will don't. tom, thanks for bringing -- breaking it down for us, it's good to see you. my hot take is coming up, plus, taxpayers in california about to get slammed. california governor gavin newsom has got the first in the nation move to set up a political bureaucratic agency to penalize oil companies for what they will deem is price gouging at pump. first, we want to check in with our buddies dagen and sean, they've got a hot showing coming up on "the bottom line." sean: we have ryan zinke coming on, talking about his questions

of the, what, ther into with your secretary, deb holland. a great exchange but crazy exposing the left here. dagen: and exposing censorship. dr. jay bhattacharya and the pursuit of the truth and how that damaged what he was trying to say on twitter, how that potentially damaged children. and congresswoman virginia foxx will also get to the bottom of learning loss are. sean: along with jimmy failla all coming up in approximately 17 minutes. stick with us.

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elizabeth: well, we're so pleased to have back on the show the chairman of house natural resources, he's congressman bruce westerman. congressman, it's a pleasure having you on, sir. congressman, you've been so smart about these issues. your take on california. california taxpayers are now going to see the nation's first penalty for price gouging at the pump, but they may not realize california wants to do this. heir going to do a brand new politically-appointed agency which will get to the decide on its own what is price gouging. they're going to define it, and they're going to decide how to punish oil companies with fines and penalties, even subpoenas? what worries you about this? >> well, liz, good to be with you, and i think this just shows why california lost a member of congress in the last election, because people are moving away from these crazy policies.

apparently, they're not teaching economics in california anymore either, because we know that the problem is supply, and this is a democrat talking point to blame the oil producers on high gas prices. i don't hear them complaining about the crown prince of saudi who biden went over and fist bumped who, you know, aramco, the saudi company had the record high profits for any oil company ever last year of $161 billion. it's the american energy producers are the ones that are keeping us on track, and for the state of california to attack energy producers and fuel distributers, it's insane. elizabeth: you know, congress congressman, here's concern this is what we're seeing california's democrats blame greedy oil companies, but economistses say california's gas prices are the highest in the nation. it has the second high gas tax in america. its regulations require a special blend of really

expensive gasoline for the environment, and hen we've got gavin newsom's administration is pushing to shut down oil refineries and transition the state's power grid to green energy. all of that is what's causing gas prices, right, to skyrocket? are we wrong? >> here's some advice for california lawmakers, if you want to figure out what's wrong with california gas prices, go stand in front of a mirror and take a long, hard look because you are the problem. you're the problem that are causing these processes to sky concern prices to skyrocket. and don't try to blame your bad deeds on somebody else. ble. elizabeth: but it comes right as your committee is debating and pushing forward legislation, h.r. 1, the lower energy costs act. this is pretty ironic, what's going on in california, with what what your committee's working on, right, congressman? >> right. we listen to the american people. we know that high energy costs are hurting americans. it's not at the pump, it's all forms of energy are up 40% since

biden took office. this is h.r. 1. st the our most important bill because we know that energy costs translate through the economy. americans are paying more at the grocery store because it costs more to make fertilizer which is the number one input in agriculture. so energy prices affect everything. we're attacking that, and we're attacking it in a way that we use american resources, and we use those resources to lower prices and create jobs and grow the economy here at home. elizabeth: congressman westerman, thanks for joining us tonight. it's good to see you. okay, my hot take is coming up next, don't move. ♪ ♪ is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients- it really works. (woman 1) i just switched to verizon business unlimited. it's just right for my little business. unlimited premium data. unlimited hotspot data.

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♪. liz: our "hot take" tonight. first it was the federal trade commission demanding elon musk identify all journalists who had access to the twitter nice on government censorship. then a democrat lawmaker tried to get twitter files journalist matt taibbi to reveal his sources during a congressional hearing. and now an irs agent shows up out of the blue at matt taibbi's house unannounced right as taibbi was testifying at a hearing on the weaponization of government. now the timing of this is really odd to say the least. i spent 20 years reporting on irs, how john f. kennedy used the is to audit his conservative

enemies. he audited lee harvey oswald group fair play for cuba committee. nixon weaponized irs. this looks really bad. also this, what is going on with the grand jury probe with former president trump? now the news is the grand jury will not sit for the rest of the week after hearing testimony yesterday. does manhattan d.a. alvin bragg have a case or not? is he grasping at straws? shouldn't d.a. bragg, shouldn't he be more focused on rampant crime in new york city? d.a. bragg, he already downgraded over 52% of all felony charges to misdemeanors. that happened last fall. maybe d.a. bragg should look what is hitting new york city voters instead. tomorrow night we have jam-packed show. house foreign affairs chairman michael mccaul. congressman greg stuebe, economic pro steve moore. remember to do this, we really love to read your emails.

we read them all. you can email us to emac viewsers @fox.com. we love reading them. this irs story is a serious one. we'll stay on it. we'll try to get what is going on. we'll bring you news on that and much, much more. i'm elizabeth macdonald. thank you for watching "the evening edit." we enjoy you watching the show. we hope you like the news we brought. we'll keep at it. look who is here now, it is tom for "the bottom line," we want to say hi to dagen and sean. this irs story is getting weirder by the minute. dagen: oops, might get audited by the irs. sean: thanks, e-mac. ♪. dagen: good evening, everybody, i'm dagen mcdowell. sean: i'm sean duffy. welcome to the "the bottom line. dagen: we'll get right on it, duffy, we are. a wild day on capitol hill a