tv The Evening Edit FOX Business April 20, 2023 5:00pm-6:00pm EDT
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e decision guide. so if you have this and want less out-of-pocket costs... and more peace of mind... consider adding this. an aarp medicare supplement plan. take charge of your health care today. just use this...or this to call unitedhealthcare about an aarp medicare supplement plan. larry: save america, stop attacking hard working middle class homebuyers, you know what i mean? do listen to liz mcdonald. elizabeth: we love the top of your show, really more fees for people doing the right thing with a better credit score, great job. larry: thank you. elizabeth: we will get right at this, we welcome tom
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dupree and sam dewey, talk to you about this debate firing up in washington. this has legs, it could stop white house and dc in their tracks, tom, biden administration officials should be probed for be obstruction of justice in hunter biden t tax evasion case. the whistle blower that person gives congress the e-mails, documents and proof they say they have, doj officials blocked and stonewalled the probe, with political interference to help joe biden. does this have legs, tom? >> liz, it does, this is a bombshell story, the rampcwhat makes it exextraordinary and count
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firms our worst fears of political sk skulduggery. this is a career official law enforcement official at irs saying there were li political considerations and a cover-up, he has documents to back it up. elizabeth: sam, white house is insisting that there was no quote, political interfere answer. sam, demands for special counsel grows, there is more evidence of obstruction by the white house, that house g.o.p. accuses president biden of changing the rules on treasury releasing suspicious activity reports to q congress for it's oversight duty. >> this has the potential to be a bombshell, i think to your specific point on the
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biden administration response, i devil will be in the details. i believe that the biden administration's position is, you know, we never told them not to prosecute. but there are so many different ways you can influence a prosecution, think back to hillary clinton, they could not use compulsory process, they were limited. from congressional perspective, i imagine that first of all, congress will be trying to figure out, how do i get this without causing this person into be retaliated against, so it done by the book. elizabeth: by the way, tom, there is a massive 150 of those red flag suspicious activity reports, usually they are tips about potential money laundering. whistleblower lawyer, mark little, said his client can name names doj officials.
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possible irs witnesses to corroborate his claims of political interfere answer to keep jobe zon joe biden and keep him in white house. >> yes, that is what makes it extra ordinary, this guy is not watching events unfolded from the periphery. he was at the table where which investigation was being discussed. he knows who said what and saw the political machinations playing out first half. it bothered him so much he is putting his career in jeopardy, possiblebility of reretaliation by going public. elizabeth: do you think when the irs whistle blower comes forward with the documents, showing potentially that specific doj officials,
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placed restriction on questions, witnesses and tactics that investigators will use on hunter biden case because it could impact president biden? do you think -- do you feel, sam, this could lead to an obstruction of j justice probe by the house to biden white house. >> i think it most certainly will, the focus will be reliability of this gentleman a flabbergasting testimony, i was in the room, i think that house has to pursue that. what i would expect them to do say, okay eely we'll get the communities from you in the right way you will sit for a deposition, then say congress give me documents about meeting that happened in you know deputy attorney general conference room on april 20, 2022.
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and give me the documents for that meeting. and i want to talk to the council in tax division who prepared the memo for that meeting, allowing them to be incredibly targeted in their ask. tethis and i know about the meeting, tell me what happened in the meeting, tell me what happened on that memo. i think that is what i would expect them to be doing. it is focused on obstruction. it has a legal connotation of criminal charge and also you may not have broken the law, but you were clearly abusing your power, there are two different things, i think they would focus on both, congress has the responsibility to focus on what you did was t technically legal, but did you abuse your power.
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elizabeth: that is it, our dc sources that -- i have been talking to, they say this is potentially in the works that there could be an obstruction of justice probe launched against the this biden administration. reports that justice fbi already collected evidence out of u.s. attorney office in delaware, on a case that dates back to 2018-19. there there were reports this hunter biden borrowed 2 million to pay off a tax bill income earned overseas, your reaction to the irs whistle-blower's lawyer mark little. and watch ag garland. >> the thing he has been through are well documented in e-mails and other communication with with the department of j a justice, typical steps were
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compromised because of political considerations. >> if it were in another district, he would have to brbring the case to another district. if he needs to bring it another jurisdiction he will have full authority. >> -- unlawful th financial payment made to elected officials, which may have influenced policy decisions, would that pose a national security concern? >> if it is an agent of a foreign government asking someone and paying someone to do things to is up sort that foreign government in secret, yes that would be a national security problem. elizabeth: tom, let's break it down. what ag garland said in testimony, sworn under oath,
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will blow up a future white house defense. that the u.s. attorney in delaware did did not have standing to bring a case against hunter biden because hunter biden does not live in delaware, but ag garland saying, they could bring that case anywhere else against hunter biden if the political appointees u.s. attorneys do so. dozens of u.s. attorneys appointed by trump were asked to resign by february of 2021, that is where political interference comes in too, tom. >> right. i look at this case, i don't see just a red flag, i see a forest of red flags that bit that he does not live in delaware, fine, there are 49 other states to charge him if the charges are warranted. congress needs to focus on this and hear this whistleblower and get do the bottom of why they have not acted on what seems on to
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potentially serious tax violations. >> final word, sam, we're hearing that is the issue that the political appointees in justice department are blocking the tax indictment gains hunter biden. but the career prosecutors and investigators in the doj tax division say, do it, go after him. this irs whistleblower is a -- or she is a veteran with a sterling record in the irs. i cover the irs for years, when you talk about that irs criminal unit, you are talking about top notch dedicated government employees who some fbi officials are scared of, they are so smart, they know what they are doing, sam, final word. >> that is right. that is what makes this inc incredible. i hope congress focuses ons specific conduct of the department, who did what when. elizabeth: tom and sam thank
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you. >> staying on news, one of the committees that get the letter, congressman van drew and jon levine. first to you. congressman, is there enough to launch an obstruction of justice probe against the white house. >> my god, is there will be enough. we have to get our t's-crossed. but, if it is as it seems, this is very, very serious talk about the dea deep state, it never ends with the bidens, the stuff we knew from before about where the money came from. stuff we knew about china and laptop. now we have all this information. there will be a very busy time in washington, d.c. we owe it to the people, to the upy the
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integrity of our government, we cannot allow this to continue, this man may be impeached at the end of the day. elizabeth: because of -- jon, in the doj, the irs whistle-blower is alleging he has e-mails, and documents and con contempt. >> witnesses, democrat lawmakers and media have been going after trump, hammering him over his finance and taxes and the biden family is making money cashing in on hunter biden a job around the world and creating the shell companies do h hide their money flows. this is a key tactic. hohold everyone else but yourself to the standards. >> allegations are very serious. we need to take a
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wait-and-see approach. we don't know what we don't know. we don't know what we have. it is important this whistleblower get in front of the right committees and lay everything on the table. one thing that is most disconcerting, sworn testimony from a senior political appointing at irs is not correct and false, she has proof of that. i just want want to learn more here. i'll remind your viewers, president trump was impeached because of a whistle-blower complaint over a phone call, these things can escalate. elizabeth: we know -- 9 family members of biden family allegedly profits off of joe biden -- joe and jill biden, already documented they use an llc shell company to lower their medicare and obamacare payments, nearly half a million bucks there and they
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use their home state of delaware, the storied financial privacy laws to shield their income from public view. using the off balance sheet llc's and s -corps, feels like a bigger t tax problem for the biden family alongside the obstruction of justice issues. >> a whole host of problems. certainly the tack issue and the obstruction. we don't know the half of it yet. if we can drill down and get to the truth, and find out what is going on, stop the protection, which is family is receiving. that from the department can of justice, and others, i think we'll find that there is a lot there. they had a system set up from one family member to another family member from china over to the bidens to hunter, it is amazing what went on, and has gone on. elizabeth: you know, this story too, jon, reports that
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house judiciary took sworn testimony from former acting cia director mike morell. the push by the intelligence officials, before 2020 election -- russian disinformation came out of joe biden's presidential campaign to pave the way for joe biden presidency that reportedly tony blinken was point man on that. do you know more about that? >> what is incredible. joe biden's presidential campaign is sued for defamation by john paul mack isaac. -- m macs isaac, they knew it was false. i think that more the committees look into this and important that process continue and they are making progress, the more smoke ththere is maybe we'll
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see results. elizabeth: final word congressman van drew. >> anything that donald trump ever did in his life, never caused nearly the harm that has been caused by this family, the biden family, i think we'll find that out. i think these will be very interesting and revealing ttimes. elizabeth: jon. >> famil follow the facts where of they lead. elizabeth: got it, why more and more doctors and scientists here and overseas are now just saying no. no end to less covid booster shots. new push to probe china using partnerships with sister u.s. industries and chinese's police stations in the united states. watch out, expert now warn that already supply chain and farmers could get
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slammed by the house push for electric vehicle. why market pros warn, prepare and plan, there will be more stock market chaos, and inflation. biden 's fight with the gop . we have much more coming up on "the evening edit." >> americans are waking up to reality that you c cannot spend, borrow and print trillions and not expect any negative consequences. people are seeing that when people are seeing that when do you that, you turn into venezuela.
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elizabeth: is this where the fight is headed. jpmorgan chase warning that u.s. faces a technical default in his death next month. we have a big game of chicken in dc. g.o.p. are out with common sense plan to tackle run away government spending and debt ceiling crisis, grady trimble on capitol hill with the latest. reporter: speaker mccarthy said his proposal would
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raise debt ceiling, bring spending to 2022 levels and cap future spending at 1 perspir year, but president biden is refusing to meet with him still. >> first president that could bumble his way in. reporter: president biden calms for clean debt ceiling increase, not tied to spending cuts, white house press secretary said that speaker mccarthy is playing games. senate democrats made it clear if this passes the house, kevin mccarthy proposal is dead on arrival in senate. >> speaker mccarthy yesterday capitulated that the maga right. and rolled out a partisan wish list masquerading his legislation. this maga wish list has no chance of moving forward in senate. it does not move us any closer than we were yesterday to avoiding
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default. reporter: senate republicans on the other hand have told us that kevin mccarthy's proposal is a good starting point, that president biden should sit down with speaker mccarthy and hash out a deal to raise the debt ceiling and cut spending. one prominent democrat agrees. that would be democratic senator joe manchin. he said president has showed a deficiency of leadership for refusing to negotiate with mccarthy. elizabeth: thank you, grady. >> welcome back, author of her new book. you will owe nothing, carol roth. and economic pro liz peek. liz, that escalating debt ceiling crisis, you can expect more volatility, because we push to brink, j.p. morgan saying it become out next month. also this, there could be more volatility from fed --
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rate hikes in g.o.p. blinks and allows biden to do whatever he wants. >> we're dammed if we do and dammed if we don't. the market does not like uncertainty, this is the mother of them all. there is zero chance that u.s. will default. we have more time than jamie dimon is talking about, he wanting it resolved because then market is go back to looking at earnings and doing deals, this is irresponsible of joe biden. we have a spending problem, we do not have a problem with tax receipts, they are running above historical averages, spending is way above historical cav averages, we had an emergency, we ramped up spending, it's now time to get turn control, kevin mccarthy is on side of the
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angels here there is no doubt, i think his proposal is a very good one. elizabeth: carol, to what liz said. a report half of the nation believes we're already in recession. inflation is roiling a lot of households, how is it mag tmaga? how is that maga? >> i think it is h hilarious that fiscal responsibility is now a gaga wish list, congress on both parties v have expanded spending. this whole thing is despicable. if i could count how many times i have been on tv saying we'll default on our debt when we didn't. this is disgusting. what american people need to
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understand is that government spending, their fiscal policy with fed policy, has been a transfer of wealth. at the end of the day if they keep spending nobody wants to buy our debt, they will monetize our debt and continue to vape vaporize our wealth and average and middle class will continue to be destroyed. elizabeth: we don't want to be over reactinged here, liz. you know, it just feels that we're headed for hyper inflation, that is what is scary, and this white house gets the numbers wrong even in their arguments. watch president admit that inflation is a problem after they said it was transitory. >> we have a lot more to do, inflation has been coming down 9 months in a row, down 45%, we have to do more, still a big problem. >> it will take time for inflation to come down, we may see bumps in the road.
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>> speaker talked about limited spending that sounds good, by the way i cut deficit by 1.7 billion dollars in two years? we passed that damage i'm proposing we'll lower spend ago we'll lower by 6 -- 168 billion because of the way we changed medicare. i'm sorry, prescription drug costs. elizabeth: there they are applauding, 1.2 -- you know. there is calling 13 point 4% or so all in inflation under biden that is inflation rate. they call that just a bump in the road. >> here is the other reality. spending is up so far this fiscal year, 13%. why is it up 13%, supposedly president is cutting the spending items, he is not.
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we have snap benefits out there. thankfully they are ending now, they are double what they were two years ago. 400 billion student loan program, no one believes that is a good idea. but joe biden is in campaign mode, he wants to spill out money to various groups like young people who he needs to vote for him, it is horrifying. chuck schumer's comment about you know, maga effort to cut spending? this is an american effort to get our finances under control. so we don't end up with hyper inflation. elizabeth: ka carol . >> they have a deficit 1.1 trillion for the first half of 2023. fed is trying to destroy demand. if they want to bring down inflation, government, stop spending. >> thank you so much carol roth and liz peek. >> we have new push to probe
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china, in senate to probe china, china using reportedly quote sister cities and more police stations than realized in the united states to spy and tpush their agenda. >> expert warning, supply chain and farmers will be slammed with the white house electric vehicle push. >> and exxon chevron, toyota developing cleaner gas as an alternative to buying real expect of electric cars on "the evening edit" next. when owning a small business gets real, progressive gets you right back to living the dream. now, where were we? [ cheering ] new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.
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reporter: energy secretary jennifer grandholm blaming global oil markets for rise in gas prices in a senate hearing today. >> one of the actions we took last year in wake of war, was to release from strategic petroleum reserve, gas prices fell by $1.50 a gallon at that point. reporter: not just the 24 senate hike. senators were quick to point out that administration's push into electric vehicles despite the lack of domestic resources and demand for the product. >> we're moving to the ev's faster than we can support that transportation mode. on top of that we're bribing people by giving them 7500 to buy the thing and outlaw
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using any combustible engines, we're doing everything that we can, market not being driven, let the market go where itme wants to. >> reporter: s she asking for 59.99 billion than increase of 13.6% increase from previous year as two party at loggerheads over size and scope of government spending, i mean democrats and republicans, some of the biggest spending on green energy was promised in inflation reduction act. that put total tab for green energy at 1. trillion dollars over the next 10 years,. elizabeth: gerri willis thank you. >> we welcome back senator mark wayne mullin. great to see you. you have been writing
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op-eds, you want to push legislation to keep politics out of energy, but the fear that white house and states like california will destroy supply chain, pushing for farmers and truckers to use only electric vehicles. >> it not practical, we have to bring up energy production. energies of any energy pro ducktion that is made out there, anything that you are creator making that takes energy. the starts of any cost of the product. when you talk about truck drivers, that is part of the factor, they have to drive and deliver that product from point a to point b, most of them barely get by, you cannot force them to buy a new tractor, a new truck. and then delivery cost because of how much that truck weighs will go higher, because they can't carry as much and then they will cube out too with an extra 5 feet
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batteries, their vehicles will not be long enough to carry the federal, you have 2 to 1 trucks on the road. and you take farmers and ranchers like myself, we barely get by, you can't hardly afford the tractors out there today. there is no way you will force farmers and ranchers to go out and buy new equipment, commodity prices are not able to keep up with cost of the equipment as it is. you will force people out of a job, have generational farms, generational ranches, shutting down, this happens with a heavy hand from the government. government's role was never to pick winners and losers or pick our economy, they are supposed to create an environment for entrepreneurs to go out and thrive and build a product and let consumers buy it. elizabeth: reaction to several, exxon, mobile and toyota. testing mo renewable
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gasoline blends, will white house step in and help them? >> absolutely not. >> they are not. >> no. this administration with secretary of energy and c woke movement of biden administration, they are not interested in any kind of fossil fuel whatsoever, they are so driven by ev, they know that energy sector can on the support that. the grid cannot support that. we have rolling blackouts in california already, they are too dug and and blinded by their agenda. elizabeth: we're staying on the story. senator mullin thank you. >> thank you.
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elizabeth: congressman bill huizenga on new push to probe china using sister cities and more police stations than errorlized in tthe -- than realized in u.s. to spy. coming on "the evening edit." ♪ what is it about the first warm breeze of the season that makes you feel lighter than air? ♪ no matter where you are... when it crosses your path... you'll feel compelled to take to the road and see where it leads. the first step begins at the lincoln spring sales event. going on now, for a limited time.
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military for a long time. it seems what was old is now again. whether balloons or just good old infiltration. they are using ngo's and things like sister cities to get a foothold and their toe in a community, in new york with this office set up by ministry of security, they are now looking to spy on their open citizens in the and u.s. >> one report said 157 partnerships between u.s. cities and chinese communities, this comes as there are reports that grow that china setting up police stations in the u.s., and the world. now one report says that a nonprofit watch dog group said chinese police stations not just in new york city but l.a., and france, talking houston, texas, nebraska, minnesota? >> well, they are going wherever they think they
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scram strategyically need to go, sister city program is great, but it is long ago that it was just a benign relationship where people who never been introduced to each other got a chance to exchange. clearly the chinese are using it far beyond that. they are going where they strategyically believe they could pick up information. elizabeth: you know what is concerning, italy and serbia is dealing with it, they having a devil of a time. china has a legal foothold in those countries, they are using local laws to stay stationed there to deploy their police whatever stations or service centers. >> yeah. information is key. they are getting in there not just using the law, but money. that is how they are getting in, and tying themselves into the oce t t ttthe organizations.
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>> all right bill huizenga thank you. >> we have more doctors and scientists saying no to booster shots. >> and wemen want to check in with dagen and sean. sean: we have a good show, andy mccarthy talking about irs whistle-blower, how the biden administration is interfering, potentially with the hunter biden investigation. >> a lot to say about the crackdown on everything fueled by fossil fuel, chacharlie hurt on what energy secretary said. and -- failla. and bruce. tammy bruce. >> 15 minutes away. >> stick around.
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trial. they had time to do it with the vaccine that was released in fall, now the recommendation for a second vaccine for those over 65. the doctor is probably hinting as to real reason we're seeing authorize this week for second vaccine. that is he said they will be thrown in the cr trash because they, expiring, might has well put them in arms, festivity has 115 million in their surplus that americans say no thank you to. elizabeth: people you know white house saying that pandemic is till on. problem is government officials and president claiming the vaccine stopped covid-19 infections, science say this more like a flu shot, we're seeing more
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reports, medical journals from britain and europe there are serious side effects. involving clotting, and there what should we do about boosters? >> new documents have shown that the public health community pfizer, knew that vaccine did not stop the transmission two years ago, yet, they are still hold ondjoko u.s. with the same old dogma. >> people are wondering to trust the fda, say i want to see r randomize trial data. a 5-year-old boy should not get 77 doses of the covid vaccine in his average lifetime, without good data to support it. right now that is the road that public health officials are on. elizabeth: at the beginning, so many people said, you got to get vaccinated.
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treating people like sheep even if they questioned it. they were concerned. but people said no, you got to do it. even it was an emergency use vaccine, fda, three said, wait, hold off on the vaccine, we don't know the full story. you know what i mean? an attitude, you know if you say, i have a question about vaccines, you were treated like, you are a hieratic. >> public health officials won't talk about the framen study, complication rate for a serious adverse event is one in 662 doses. there have been vaccines pulled for complication rates lower than that in the past. process is broken. they leak they will authorize something to media. see if some doctors blow up and get angry if not they do it. elizabeth: dr. makary thank you. >> our hot take is coming
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and they all wanted to stay in that home. - [announcer] if you are 62 or older and own your home, find out how you could access your home's equity to give you cash now. and when you need it in the future. a reverse mortgage could put more money in your pocket by eliminating your monthly mortgage payments. it could also pay off higher interest credit cards, medical costs, and give you some extra cash to help your retirement lifestyle. - i don't have any anxiety about money anymore. - it allowed me to live in my home and not have to make payments. - a whole lot of families have gotten tax free cash from a reverse mortgage loan for a better retirement. - i don't have to worry about a mortgage payment every month. - it's a good thing. - [announcer] call right now to receive your free, no obligation info kit. the kit will show you how you may get the cash you need using your home's equity as a reverse mortgage from aag. - call the number on your screen. - look, why don't you call aag
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and find out what a reverse mortgage can mean for you? - [announcer] call aag, the country's number one reverse mortgage lender. - call the number on your screen. ♪. liz: back with me now for tonight's "hot take," economic pross carol roth and liz peek. carol roth, first to you. jpmorgan chase saying debt ceiling crisis is escalating, we'll hit a wall by next month. the white house instead of negotiating, they're ramping up rhetoric getting back covid waste funds from states is maga.
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mixing biden's unconstitutional student loan bailout is maga. not playing with the american people. biden approval rating is 39%. carol. >> we have completely disrupted and distorted not only the cost of capital but what it is supposed to signal. as the fed increases interest rates it is supposed to signal to the government, hey, you should be slowing down your spending. but the biden administration and his friends in congress instead of hitting the brakes, they want to hit the accelerator. the american people don't want this. they see effects of this. unfortunately congress and biden just ignoring all of the signs. they want to spend, spend. liz: what carol said, liz. there is no good out come because biden is not negotiating. usually presidents negotiate. he is not doing that. we get short-term volatility because of technical default or hyperinflationary spending because the gop has to cave? >> yeah it is not spending that
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is out of control, liz. it is also spending on things like green new deal projects which will boost energy costs and make everything in the economy more expensive. biden es unwillingness to sit down with kevin mccarthy is deplorable. he voted against a debt ceiling increase any number of times as a senator. it is all political posturing. mccarthy is doing a good jock of messaging the proposal he has on the table. it is very reasonable. he is not touching social security, medicare, third rails. i think he could win the argument for the sake of the country i really hope he does. liz: to what liz said, carol, unity president, middle class joe brand getting blown up in real time. it is getting torched by the white house and their misguided negotiation as people see hitting kitchen table and inflation. biden is ruining his own brand
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name in real time? >> the left have not been the party of the middle or working class for quite sometime and unfortunately up until now the republicans haven't really done a good job in terms of claiming that. if kevin mccarthy can stick to his guns and step up here, say we need to really tamp down on inflation, we need to make a scenario so you have the opportunity to prosper, participate in the american dream, you know that is what we need. liz: carol roth, liz peek, thanks very much email us emacviewers@fox.com. we love reading them. ron jon, steve moore tomorrow. we have a hot show lined up as well. we're staying on the news. thanks for watching "the evening edit." time for "the bottom line" with my buddies dagen and sean. they have a food show as well. sean: good show as well.
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