- double check that. eh, pretty good! (whistles) yeek. not cryin', are ya? let's tighten that. (fabric ripping) ooh. - wait, wh- wh- what was that? - huh? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - yeehaw! - do you have a question? - are you a certified financial planner™? - yes. i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. find your cfp® professional at letsmakeaplan.org. larry: in america the government has many no right to take away your success. a 700 fica score and a 20% down payment should not be penalized. this is socialism. it's the worst i've ever seen it. anyway, my pal liz macdonald up next. elizabeth: thank you, larry. i wish i could give you a hug hing because it feels like you need it. if they try and do the 2008

subprime mortgage crisis again, and how would they force a bank to give a riskier borrower -- larry: that's right. you're exactly right. they're so stupid, they're repeating the same mistakes. elizabeth: you're the best, larry kudlow. we're going to the take you through everything a that larry just talked about and what the media is not covering about hunter biden in court today and what they're not covering about president biden. but first this: this is now hitting the white house. third bank failure in just two months, we're talking first republic. three of the four biggest failures in u.s. history happening since march, and where will the next shoe drop? kelly to grady live in los angeles with the story. kelly. >> reporter: it's great to see you, liz. and, you know, with first republic teetering on the brink for a couple of weeks now, remember at its last earnings call it announced it had lost over 40 to % of deposits since that collapse of silicon valley bank and signature, that equated to over $100 billion, so in this

morning. >> are the big banks just getting bigger. for context, jpmorgan chase are taking over the majority of first republic's assets, all of their deposits both insured and uninsured, making a $10.6 billion payment to the fdic. the banks, they woke up, customers were able to go, nothing really changes. but the president today made remarks, wanted to make sure everyone knew he felt that the banking system is secure. take a listen. >> regulators have taken action to facilitate sale of first republic bank to insure that all depositors are protected and the taxpayers are not on the hook. these actions are going to the make sure that the banking system is safe and sound. >> reporter: now, if to you remember though, this isn't the

first rescue attempt for first republic. there was a group of banks back in martha funneled $30 billion in deposits amidst that crisis. jpmorgan will have to repay all those deposits back to those banks under this takeover agreement. now, this takeover by a big bank, it is the better than what happened with silicon valley bank, certainly less expensive for the government, but it does beg the question how the federal reserve react now that we've seen something else. liz, a lot of folks are asking, or well, where were the regulators in all of this, and it's timely. svb and signature, the federal reserve just came out with a report last week saying they themselves were asleep at the wheel, and they were not looking into things enough. so certainly a lot of questions being asked around that with first republic going down today. elizabeth: kelly o'grady, thank you so much. let's welcome back to the show from house energy and commerce, congresswoman kat cammack, author of the upcoming book, "you will own nothing," out july 18th. preorders are open everywhere.

of carol roth is with us. congresswoman, the white house is adding so much uncertainty to this economy. is anyone many in keyes talking about more bank -- in d.c. talking about more bank failures? because fed is going to the raise interest rates this week for the tenth straight week to battle record inflation under biden. [laughter] >> well, good to see you, liz. i feel so much better now having heard that clip of president biden, don't you? [laughter] i just, i don't know if there's enough sarcasm that i can muster for that statement. but this is business as usual. this is predictable. not only are we seeing another rate increase, but then the announcement from the biden administration that people with good credit who have made tough choices and sacrificed and done everything right will now be subsidizing those who have not on their loans. so i feel like i'm having a bit of déjà vu here. you've got people who are getting into high interest loans who cannot afford them, who are being subsidized, and it doesn't seem like it's going to play out very well. the biden economic plan is to

basically trap people into these big programs that they cannot afford, and i think we see how this ends. we've seen this production before. we have taken a nation of equal opportunity and turned it into with equal outcome, and we're tuck paying the bill. elizabeth: so what the congresswoman just said, carol. the media has been saying, well, under the trump white house, congress weakened the oversight rules. carol, you remember that debate. it was not about not doing a cookie cutter approach, having smaller regional banks answer to what the higher, bigger banks had in terms of oversight. it doesn't absolve federal regulators and the principal reserve from backing a off -- federal reserve from backing off of oversight. they still have to do their jobs, carol. >> yeah. and i think that there's a lot of deflection because i don't think this was so much about inaction around the fed. i mean, if you think about it in the case of silicon valley bank, their ceo sat on the san francisco fed. if you think about signature

bank, barney frank was the granddaddy of all of the regulation and was sitting on the board. this is the not about regulatory inaction, it is about fed monetary policy action. and this is just deflection so that we don't talk about the fact that they are arsonists. they're ones that put too much money in the system for way too long. they held out interest rates for the greater part of 15 years, and then they changed on a dime and got everybody coming and going. when are we going to hold them accountable for being the great transferrer of wealth from main street to wall street? when are we going to stand up and recognize that they're the ones that are burning down the houses here and take away their powers? elizabeth: yeah. so what carol just said. congresswoman, record inflation. u.s. energy independence getting ruined. all that is called progress in this upside down world. dis, you know, we've got nbc, cbs polls, democrats are saying president should not run again because of his age.

we're going to talk now about this, the media won't coffer this. watch the striking difference between then-senator biden, watch him talking about gop, what the gop is now talking about in terms of policy and then watch president biden now. watch this. >> i introduced a concept of work fare in 1986. i remember being pily --lied by my -- pilaried by my colleagues on the democratic side for suggesting mandatory work requirement for anyone receiving welfare. put them to work and make them want to go to work and make it reasonable. when i argued that we should freeze federal spending, i meant social security as well. [inaudible conversations] ♪ >> [inaudible] my first two years we cut the deficit $1.7 billion -- trillion, trillion. [applause] trillion dollars. not billion, trillion dollars. inless than -- in less than two

years. >> your mark is going to be the blue one to the left. >> how y'all doing? >> you got a blue mark. that's okay. >> i'll stay on my blue mark. in a lot of ways, this dinner sums up my first two years in office. i'll talk for 10 minutes, take 0 questions and cheerfully walk away. elizabeth: so that's the strategy, congresswomansome. >> man, that just breaks my heart for our country. it used to be we could chuckle and laugh a little bit, but that's devastating it's the unbelievable that you have a president today who's refusing to negotiate for the sake of our country. and he's going to have to explain to the american people why all the things he said for the last 40 years no longer hold true. he's going of some explaining to do when the u.s. defaults. elizabeth: yeah. the news coming in the treasury secretary, carol, said that could happen, the u.s. could run out of money june 1st. they're risking that. but this president still refuses to negotiate. your final word. >> yeah, and that we are seeing in those clips that you played a

degradation of policy, we're seeing a degradation in the person and, unfortunately, we have fiscal runaway train. we need to stop it before it completely derails. elizabeth: got it. thanks for joining us. okay, hunter biden in court in arkansas today in that paternity lawsuit. the mother of hunter's child which the president won't acknowledge or has not acknowledged alleging that he is refusing to turn over financial records. fox news' david spunt live at the courthouse in batesville, arkansas, just north of little rock. david. >> reporter: yeah, hi, liz. hunter biden here for if about two hours. this was a hearing about child support payments, but we're learning a little bit more about his finances in the sense that his attorney the, abby lowell, told the court today in public that hunter biden is paying london roberts, the mother of their 4-year-old daughter, $20,000 a month. though he's not involved physically in her life. we do have video of hunter biden leaving the courthouse late this

morning after spending about two hours inside. court fight between biden and london roberts has spanned several years. she says she's not holding up to his end of the bargain. the two have that 4-year-old daughter together, but as i said, he's not involved. today we also learned that that her attorneys want more information about his art value. we know that he paints, but they want an actual price tag on those. they want to find this out before the next hearing many just a few weeks. his salary, his employment if from the past five years, also his documents related to a business with a chinese firm. his finances also a primary focus of the federal investigation back in washington, in delaware, that has really ebb gulfed him for the -- engulfed him for the past five years. hunter's were at justice department headquarters last wednesday in washington, liz, to get a status update. that closed door ooh meeting was requested by his attorneys several weeks ago, could signal possible plea negotiations, a possible charges or presidential arely hunter biden may not face

anything at all. something else we learned is that london roberts did testify, liz, before a delaware grand jury early last year linking a local case here in arkansas to the federal probe against hunter biden. liz? elizabeth: david, that is, that part is also big news. thank you, david spunt, great reporting. new york columnist jon levine. you heard all of this this, right? it's striking that the president refuses to acknowledge his granddaughter, it's striking that hunter biden was forced to the acknowledge the his daughter after a dna test. so london roberts testifies to the doj, david weiss and that case. there's four alleged charges against hunter including tax evasion. the judge orders him to testify under oath about his financials. so lawyer for london roberts, jon, they want his salary information, how much money he made in the last five years, how much money he got paid in foreign deals including his

business with chinese firm cesc. what do you think, jon? >> it's very significant. history may show that london roberts' attorneys are more successful at getting more information than the justice county. we haven't seen so many developments there. my big takeaway is this is such a sad story. over the years we've seen that there was never an oligarch, a foreign oligarch or a business partner that couldn't have a meeting with hunter biden or joe biden whether it be in the white house, on the golf course, fancy restaurants in d.c., and here is joe biden's grandchild, 4 years old, and he won't acknowledge her. hunter biden has no role in her life, and she's not a rich person, she's not a powerful person. she's just someone who's trying to make sure that her child is provided for, and he's doing everything he can to not do that. elizabeth: this is really striking that the first family is now involved in basically having first son, hunter biden, being accused of being a deadbeat dad. his laptop is coming into play.

this is what's key, the immediate -- media's not reporting this. hunter biden e-mails on the laptop show he he reached out to high ranking obama officials like antony blinken. antony blinken was in the obama state department. he was then deputy secretary of state. jon, question is what was hunter talking to antony blinken about hen? were they talking about the foreign lobbying law that the biden team and obama used to go after trump's team like general michael flynn? they used off-balance sheet shell companies reportedly to hide and bury the money flows from their overseas deals in china and russia to avoid registering as porn agents. what was he -- as foreign agents. what was he abe with antony blinken? >> that's a very good question. we do know increasingly the hunter biden scandal doesn't involve just joe biden anymore. antony blinken was the person who instigated the letter from the former intelligence agency officials, that infamous letter from 51 former intelligence chiefs saying the hard drive is

misinformation, it's russian, it's b.s., don't believe it, and that came from antony blinken. the real question i want to the ask him if he's ever under oath is who asked you to reach out to those officials? elizabeth: right. but bury the laptop that has the information about antony blinken talking to hunter biden. was hunter biden talking about how the biden family wanted to make money in overseas deals with our adversaries in china and russia? was antony blinken talking to hunter biden about fara, the foreign lobbying laws? registering as a foreign lobbyist or foreign agent would have put a spotlight on how the widen family was -- biden family was making money, cashing in on then the vice president's government job. >> right. you're not allowed to act on behalf of foreign governments unless you register, and people go to jail for many, many years for acting on behalf of foreign governments and not registering. so if hunter was doing in this, and there's a tremendous amount of evidence that he was, it raises very serious -- elizabeth: and james biden and

the other brother. you know, so let's stay on this for just one more second. so then-vice president biden knew what their a family was doing all along. that's what reports are indicating, a that he did the know about hunter biden's business deals. but then he's getting the obama white house to go after trump's team for foreign lobbying violations. and threatening them with jail. this is a bullying of the biden team repeatedly bullying the media, telling them not to cover stories like this including "the new york post", you know? bullying people with lawsuits, taking people to court in counts around the nation. -- courts around the nation. this is the strategy of this this biden team and the obama white house. >> right. i mean, accuse your enemy of what you yourself are guilty of. what i am struck by is the combativeness and aggressiveness of hunter biden's legal team because there was -- this case was reopened when hunter asked to renegotiate what he was

paying london roberts. if he had just kept his original payments, that wouldn't have occurred. and there's such a tremendous potential for discovery and new information to come out right in the middle of the 2024 presidential campaign which i know no one on joe biden's team is eager to see. elizabeth e elizabeth this is a rolling dumpster fire inside a train wreck. jon levine, thanks for joining us. we warned you this was coming, california just outlawed diesel trucks to force everyone to go electric. is this biden white house now going to slam the supply chain? will voters also see through this, will the media a fall for this? this is biden's 2024 strategy, 30-hour workweeks, no rallies, 40 no pressers, but try to blame maga for everything as he changes the u.s. economy with the stroke of a pen. and now 27 the states are revolting against biden's disastrous mortgage rule portioning good credit borrowers to pay more to to subsidize riskier borrows. are they trying to bring back

the 2008 crisis? plus, we have "the wall street journal" reporters taking us behind their bombshell report that biden's cia chief and obama's white house counsel met with sex offender jeffrey epstein after epstein was convicted of sex crimes with minors. where are the next shoes to drop here? that's coming up on "the evening edit." ♪ ♪ ♪ allergies don't have to be scary. (screaming)

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elizabeth: look who's here, two wall street journal reporters. thanks for joining. paris to you, david. sex offender jeffrey. ensteven, after he was convicted in -- epstein the, after he was convicted in 2008, why was he meeting with biden's now-cia chief william burnsesome this was after epstein was convicted of child sex crimes. why kid the now-cia chief, why was he meeting with epstein in 2014? >> sure. so at that time mr. burns was deputy secretary of state and was in the process of leaving the government. and his answer to us through the cia was that he was meeting with him because he was introduced by a mutual friend to talk about transitioning to the private sector. a that's what we can el you at this moment. -- tell you.

elizabeth: but there's a lot of speculation swirling, you know? the spokesperson for the cia says that they had no relationship, he didn't really know about jeffrey epstein, but it's really concerning that a u.s. intelligence official is downplaying this meeting. anybody in the intelligence community trying to downplay their meeting with jeffrey epstein end when he's already are been convicted of sex crimes. >> yeah. i mean, we notice that from a lot of the people that we interviewed that they had reasons largely related to either his business connections or his contacts for why they were meeting jeffrey epstein and, yes, as my colleague david pointed out, the cia said to us that they thought that the meeting, that he really didn't know his background and that he was meeting him because he had plans to transition to the private sector and that he was introduced through a mutual friend, ask he met him once in washington, d.c. and hen the he went on to meet him once in the

new york. and our reporting shows that was at the townhouse. we did have reporting that showed that he met twice at the townhouse and that he took a car to the airport. the cia disputed that and said the meeting was just once and there was no the car taken to the airport. elizabeth: so, david, epstein's calendar also shows katherine rumler, obama's white house counsel, was scheduled to have dozens of meetings with epstein after she left the obama white house ask became a top lawyer at goldman sachs is. so this is rich and powerful meeting with a convicted criminal who's accused of assaulting minors. what because it say to you, david, about the world of the elite in democrat circles meeting with this convicted felon? >> so i think our reporting shows that he has a really wide circle of people. it was across industries, it was across beliefs, it was across arts and sciences. and the people that we talked to said, look, we met with him, we

went to this house because he had all these famous, rich people around, these interesting people that we could meet and talk about things. i think it shows that people decided to listen to his story the, his story the at the time was, hey, i meat a -- made a mistake in 2008. i think everyone now knows that's not really the full story. and most of these people say, look, i regret it. i didn't know, is what they say. but it shows that these people were willing to meet with him because he could bring us other clients. of katherine rumler said epstein first reached out her, she was a powerful lawyer, and he said, look, i know bill gates, i can get you to the work for the bill gates foundation as a lawyer. and she took those meetings hoping to get a relationship with bill gates. elizabeth: are they that craven? really. i mean, listen, sex felons, they're known to be recidivists. and that's the issue. and then we've got with college are academics like bard college

president leon botstein, noam chomsky meeting with jeffrey end e steven.. -- epstein. are you finding other unnamed officials who met with epstein this in high ranks of government right now? >> so we're still reporting, actually, and so stay tuned to see what we have coming next. but you're right that there were academics that were involved. ask this particular story that we're talking about the, the reason we focused on these people is because they weren't known. but there's been a black book out there, some flight logs and a lot of names are already out there. so these were just new names that we came across. and as my colleague david said, they did say that they felt either that -- a lot of the people that we that talked to said that they thought he was rehabilitated or they didn't really fully understand the extent of his behavior. elizabeth: so they're intelligence officials. don't you think they should know the extent of his behavior? don't you think they should be

aware that sex criminals are are recidivists for the most part? i mean, what shoes are going to drop next, david? what are you guys going to be reporting on next? [laughter] are there people in government now, are there people in government now who met with jeffrey epstein? >> i mean, we can't quite tell you what we're going to report next. i think you can, like we said, we're is still reporting on this. we have documents, thousands of pages of e-mails and schedules over these years. elizabeth: got it. >> obviously, there are more people. elizabeth well, you just revealed what you got, so we're going on the watching. it's good to have you both on. we'll stay on the story. president biden's strategy for his 2024 the race, how will the media cover it? will they see through this? how will voters react to 30-hour workweeks, no campaign rallies or pressers but blaming maga from the white house as he changes the economy with the stroke of a pen? and now 27 states are revolting against biden's disastrous mortgage rule forcing people

with good credit scores to subsidize riskier borrowers. do they want to bring back the 2008 crisis? and energy expert neil chatterjee, california outlaws diesel trucks. st the coming. in its push to force everyone to go electric. how will this hurt the supply chain? it's coming up on "the evening edit." ♪ ♪

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the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ elizabeth: economists warn that california and the white house are about to hit the u.s. supply chain in a big way. california is now outlawing diesel trucks. this move will hurt truckers and farmers. we warned you this was coming. the price of goods will go up that you pay for. lauren simonetti is in new york with the latest details. lauren. >> liz, california's new rule looks to phase out medium and heavy couth combustion trucks and transition to zero emissions in 12 years' time. these vehicles would transition

by the year 20 the 35, big rigs in-- 2030, big rigs, local delivery vehicles, government fleets plus freight and passenger trains. garbage trucks and local buses by 20 the 39. governor gavin newsom says this is about breathing clean air and will bring an summit thed $32 billion -- estimated $32 billion in the health saving. the american trucking association worries about the consumer saying, quote: california is setting unrealistic targets and unachievable timelines that will undoubtedly lead to higher prices for the goods and services delivered to the state and fewer options for consumers. and on the other coast, liz, new york could become the first to implement a statewide ban of natural gas and new construction after governor kathy hochul unveiled her state budget last week. the pending regulation would mandate all new buildings under seven stories be fully electric by 20 the 26 with larger structures following three years

later. some critics say governor hochul should stay out of their kitchens. liz, back to you. elizabeth: lauren, thank you so much. let's welcome back the former chairman of the federal energy regulatory the commission, neil chat her gee. what's going on is really outrageous. this is going to hit the supply chain as china is reportedly building nearly 100 new coal plan9 -- plants a year. so we have to pay to lower in a big way missions under in this white house -- emissions under this white house. in china it's like katie bar the door, we're going to do whatever we want with emissions? >> yeah, these targets and timelines that are coming out of california, unfortunately, have the impact across the country. bad energy policy out of california has a tendency to migrate east and drive others to have to comply with these kinds of obligations because california is so big and drives

such significant market share. and there's just so many things that are fraud about policy -- flawed about this policy. we don't have the infrastructure in place to pivot our trucking economy to an electric one at stage. the types of batteries that are going to be the necessary to power these trucks take up more space which limit. the volume of goods, and it's going to increase costs. look, i want to breathe clean air, everyone does. the industry's moving towards cleaner burning technologies. this is a completely unnecessary mandate. elizabeth: yeah. now we've got breaking news, the president will sit down with four congressional leaders over the debt ceiling. the house gop saying, you know what? your energy spending is, has to be cut back. it's actually quadruple the original price tag according to penn-wharton and goldman sachs. energy prices under biden are up nearly 40 percent. the white house launched the most aggressive tailpipe emission standards ever. let's watch congressman pfluger

or and biden's epa chief on this. watch this. >> this changes an industry, speaking of vehicles, to the an extent that are absolutely kill our economy. and we don't have the electricity supply, first 5: -- first off, to do that. second a off, dot farmers and ranchers want -- do the farmers and ranchers want that? no. >> how critical do you think it is that we use the farm bill with those voluntary incentives to make sure that farms which are now characterized as something like 9-10% of emissions in this country so we can help bring down that level to net zero? >> you know,st it's critical. for the next two years, we will consider how epa's tools and programs can best advance the u.s. agriculture's climate mitigation and adaptation bills in the nonregulatory sense. elizabeth: neil, they're doing without congress. they're changing the u.s. economy without congress. shouldn't republicans stand up and say, wait a second, what you're doing is railroading the

united states into your green with energy agenda that has never been proven anywhere in the world, anywhere to be feasible? >> yeah, i think congressional republicans as well as other stakeholders from farmers to manufacturers, to truckers, to shippers have learned the lessons of the past. you know, in the obama administration they proposed a series of stringent environmental regulations that ultimately got blocked by the courts. but what happened was people altered their behavior in anticipation of the regulations. that's not going to happen a second time. i think republicans are going to fight back. speaker mccarthy deserved a lot of credit. energy was a major component of the debt limit bill that that he brought across the line and passed, and now republicans have successfully raised the debt limit while focusing on energy. and the biden administration's going to have to come to the table and recognize that their policies are what are hurting americans, and heir going to have to negotiate.

elizabeth: got it. neil chatterjee, thanks for joining us. this story coming up, elon musk and bill maher throwing down. they're talking about colleges and schools indoctrinating students and censoring speech. parents, this is your wake-up call. also former utah congressman jason chaffetz, he's sitting right there. we can't wait to talk to him about this: will the media cover that this is biden's 2024 strategy? how will voters react to this? 30-hour workweeks, no campaign rallies or pressers, but he's going to try to blame maga constantly from the white house as he changes the u.s. economy with the voc of a pen. that's coming up on "the evening edit," jason chaffetz. ♪ ♪ >> celebrated chinese-american architect i.m. pei is perhaps

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back, former utah congressman jason chaffetz. it's good to see you, jason. president biden's 20 to the 24 plan, 30-hour workweeks, blame and attack maga. when he's hit with criticism about his failing policies. he's been in there for two years. >> yeah. this has been his strategy before, it's how he got to the white house. it was the basement strategy. hey, don't debate foreign policy, don't say thinking, unfortunately. that tends to work because he's got a compliant national media, and it's a shame for the country, but that is clearly his strategy. elizabeth: but it's getting stretched to the point of absurdity, jason. we want your reaction concern by the way, what are they going to do next, blame maga for solar flares and put them on the grassy knoll? let's watch democrats criticize maga and how they push back about weaken on crime policies telling victims, crime victims, families that they were just a maga prop. watch. >> i'm just concerned that too many of the extreme maga

republicans have chosen to the try and is weaponize the immigration issue, not to solve the problem, but to try to maximize political advantage. >> republican witnesses who have used their time the criticize district attorney bragg have served as props in a maga broadway production. >> mega-maga, i call them. >> the maga republicans' proposal will be a five-alarm fire for hard working families -- >> maga republicans -- >> maga. elizabeth: i mean, this is so 15 minutes ago, it's so stale and lame. and now maga is or somehow connected to the bankruptcy of bed bath & beyond? even elon musk's exploding rocket ships? >> yeah, it's to the point of absurdity. but this is what happened -- what happens, liz, if you're not tethered to the truth. if you have a compliant media, guess what? you can get away with saying those things. they blamed the victims for the

crime of what was going on in new york city. one of those womenned had their son -- women had their son murdered and somehow that was donald trump and the maga republicans' fault? they control all the levers of government there in new york city, and trying to blame republicans? i don't think it works because they apply it to everything, and it's just absurd. elizabeth:st the incompetent. >> oh, come on, it doesn't apply to everything. elizabeth: biden's been in office since the nixon era. he ran senate foreign relations. he's been behind a lot of government spending. do you think voters are going to see through this? because the polls show that the youth vote, independents, they're saying, yeah, maga is an issue. he's been in office for who years, and the economy's in stagflation. do you think voters are going to see through this? >> i hope so. look, joe biden was elected many 1972. jimmy carter hadn't even come into office yet, that's how long the guy's been there. so, you know, if you haven't come up with your solutions since 197 the, it's -- 1972,

it's probably not going to the happen in your second term. elizabeth: got it. jason chaffetz, thanks for joining us. our hot take is coming up with carol roth, plus congressman mike johnson. elon musk, bill maher throw down about the woke mind virus. it's basically dangerous and it's difficult to get rid of. also talking about colleges and schools indoctrinating students and censoring speech. it's on "the evening edit." but let's check in with our buddies, craigen and sean, and know what's coming up next hour. sean: we have a great show coming up, mick mulvaney is going to talk about jpmorgan buying first republic bank as well as fhfa fees, socializing the cost of purchasing a home. dagen: absolutely. and then also, of course we have jimmy failla coming up. congressman jason smith on the hunter biden baby drama. but that's also a joe biden story. why would the president of the united states deny one of his grandchildren?

and alex epstein. oh, again, not -- the democrats deny cutting off people's natural gas and their gas stoves. oh, but they're doing it. more about that. sean: ten and a half minutes away. ♪ ♪ what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. the day you get your clearchoice dental implants makes every day... a "let's dig in" day... mm. ...a "chow down" day... a "take a big bite" day... a "perfectly delicious" day... - mm. [ chuckles ] - ...a "love my new teeth" day.

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elizabeth: look who's back with us from the house select subcommittee on the weaponization of government, congressman mike johnson. congressman, we want to get your reaction to elon musk talking with hbo's bill maher talking about our nation's schools. watch this. >> if the amount of indoctrination that's happening this schools and universities is, i think, far beyond what parents realize. the experience that that we had in this high school and college is not the experience that kids today having. it's bizarre that we've come to the this point where like free speech used to be a left or liberal value. and yet we see from, you know, being, quote, left a desire to actually censor, and that seems crazy. elizabeth: so what is house judiciary going to do about it, congressman? what's house weaponization committee going to do? >> well, we're looking into everything that we can. this is a problem that goes across board. recent polling shows a large

majority of college students now it's okay to violently protest and stop speech that they disagree with. the indoctrination is working. now, if these are public education institutions that are receiving federal taxpayer dollars, there may be something, indeed, that we can do about that and we should. but our great concern and focus has been so far on the agencies of the government itself, the federal government itself, its agencies that have engaged in censorship. of you know, censoring and silencing viewpoints a hay disagree with and, of course, it's always the conservatives. the has happened with the social media platforms, and hats off to elon musk for giving us twitter files which proved it. elizabeth: now a new report says twitter is fully complying with government demands to take down content 80% of the time, and then we've got house judiciary -- you want to react to that? go ahead, take that on. >> well, look, there are conflicting ideas about this. of there's a report today that said it was a minuscule number of requests, and hay came from foreign governments.

i think elon musk is doing his best. he's not infallible, of course, but he is trying to get us back to this idea of free speech. it's a critical principle, as he explained on the bill maher show, you have to have a free marketplace of ideas, and without that we can't have the free exchange of truth -- elizabeth: how do you sop the bullies in academia? how do you stop them from bullying? how do you stop students being taught to bully? how do you get back to the civil discourse and and exchange of free flow of ideas without the loudest voice in the room threatening to censor or sue? >> well, it does start with education, a proper education. we need our students to understand, we need college students this particular to understand the principles of free speech, the constitution itself. the only thing we have the power to do in congress, to our great frustration, in a situation like this is related to the pursestring, you know? if there's funding going to these institutions and they're violating the constitution, we may have something to say about that. meanwhile, it's the private lawsuits that get them back straight from the viewpoint

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liz: our "hot take," look who is back with us, economic pro, carol roth. this breaking news coming in through the show during our hour, president biden will sit down with the top four congressional leaders at the white house may 9th on the debt ceiling crisis.

he hasn't talked with kevin mccarthy in three months. what is biden's brinksmanship here? it is embarrassing the u.s. to the world? >> the reality he doesn't have much to lose at this point inn time. his poll numbers are in the proverbial toilet. the economy is on the brink of recession, full-blown financial crisis, i don't know, liz, maybe they promised him a bowl of ice cream as well. but whatever it is they need to get this done, because the financial trajectory we're on is completely unsustainable. the interest rate environment with the fed raising rates makes it even worse. i don't care take all the credit in the world you want for doing it but they have to get something done. liz: they have to get a grip on things. the economy is in stagflation, carol. the fed to raise rates 10th straight time this week to battle inflation under biden. he wants spending to go on. he is making fun of his age at the white house correspondents' dinner and joking how he doesn't answer reporters questions?

>> it is a little challenging. charlie monger is 99. warren buffett is 92. they have control of everything. he is not quite a chipper 80. unfortunately that is embarrassing us not only here in the u.s. but on the international stage. we should focus on competency issue. that is the crux of the issue for biden and the inimpact on the economy. liz: has everybody on hamster wheel of debt spending inflationary spending and fed battling inflation from that. they want to change with everything with the stroke of biden's pen. 27 states are against his rule that. blame everything on maga. are you worried about another bank crisis or loan crisis because of moves like this? >> i'm worried about it because of that. i worry because of commercial real estate. i'm worried because of pools of

risky corporate loans and zombie companies and derivatives. we're not out of the woodwork. unfortunately the biden administration, with the fed has been a one-two punch a complete disaster for the american people. it transferred wealth from working americans to that those asset holders. if things don't shift around the american dream goes away. liz: got it. carol roth that is quite a message. we'll have you on soon. tune into "the evening edit" tomorrow night, we have congressman greg stuebe, darrell issa, former energy secretary rick perry, "new york post" miranda devine. i'm elizabeth macdonald. thanks so much for watching "the evening edit" this monday night on fox business. time for my buddies at "the bottom line." dagen and sean have a hot show for you tonight. good to see you my friends. dagen: good to see you. sean: thanks, emac. ♪ dagen: good evening, i'm dagen mcdowell.