tv The Evening Edit FOX Business May 31, 2023 5:00pm-6:00pm EDT
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larry: all right, i still say kevin mccarthy is leading a republican revolution. i still say save america and vote percent bill tonight, and most importantly, everybody's to got to the watch liz macdonald, up next. elizabeth: thank you so much, larry. you know, this is also about momentum because wasn't it just three weeks ago we had president biden calling maga, democrats
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saying this is maga, maga, maga? it seems like a turn-around. work requirements for food stamps, redirecting about 20 the billion in irs funding. but, larry, it's not -- it seems like more of a victory percent republicans, larry, right now. larry: i think so. mccarthy ran circles around biden, and, you know, nothing -- the perfect should never be the enemy of the good. reagan used to the always say i'll take the 70% now and get the 30% later. mccarthy's doing the same thing, and i think your analysis, as always, lizzie, is correct. elizabeth: you're the best, larry. and it reminds me of henny youngman. take the money. [laughter] thank you, larry. love making you laugh. okay, breaking news, the action coming in fast at this hour as larry was just covering. we're expecting a tight vote tonight on the debt limit deal. it's going to the happen in just a few hours. wall street9 is on edge. stocks did end down, and we have house conservatives in revolt.
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speaker mccarthy, though, he's making the case that this deal, if they get it -- and it looks like they will get it done tonight the, it has what the majority of republicans wanted, plus, it would give the gop more leverage to defund biden's agenda in this fall's spending bill fight. fox news' senior congressional correspondent chad pergram's been with all over story all day. of he's live on capitol hill with the action. chad, good to see you. >> reporter: good afternoon. house votes sometime after eight tonight, but this afternoon house debated the ground rules for the bill. gop texas representative chip roy opposed the bill in the rules committee. he railed against the bill today. >> my beef is that you cut a deal that shouldn't have been cut. the fact is, at best, we have a 2-year spending freeze that's full of loopholes and gimmicks that would allow for increased funding for the federal bureaucracy in order to the achieve a $4 trillion increase in the debt by january 1 of
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2025. >> reporter: expect a large bipartisan coalition of members to vote yes tonight. democrats may withhold their votes until republicans cast their ballots first. democrats want to make sure the gop upholds its part of the bargain. the top gop negotiator of the deal has had it with conservatives blasting the bill, and house speaker kevin mccarthy. >> i think, look, there was some trust that was lost, i'm not going to lie. there really was. and i'm really offendedded. there were a group of people who started saying things that were absolutely inaccurate about this deal. >> reporter: gop representative the ken buck tells fox he wants to consider ousting mccarthy next week. the bill goes to the senate next. some conservatives want to slow down the process. how long of a weekend do you think is reasonable -- [inaudible] this has to be done on friday.
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>> i can tell you what i hope happens, is that those who have amendments, even votes, would yield back time so that we can finish thursday or friday and soothe the country and soothe the markets. >> reporter: senate majority leader chuck schumer did not directly answer a question about amendments. what often happens is they let members have their say, but leaders subject the amendment to the a 60-vote threshold that assures it will not pass. elizabeth: great stuff, chad. we'll stay on the story throughout the hour. thanks for sure journal -- your journalism there. let's bring in congresswoman cath cam rack -- cath cam rack and john lonski. congresswoman, you oppose the deal. why? >> well, for a number of reasons, liz. because, in my opinion, you can cut, you can cap, but million you actually fundamentally change the way we do business up here in washington, we'll end up
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in the exact same place a year from now. and in this case, this isn't just a debt ceiling increase, this is a debt ceiling suspension. that is problem number one. number two, through the regulatory regime this administration and others have acted unilaterally sub versing the article i authorities of congress and enacting law that was never passed out of congress. the has incredible impacts on our i economy and this administrative pay-go is a gimmick. there's no teeth. and let us not forget that the number one bill we passed this congress was to defund the 87,000 irs agents. out of the $80 billion, we're only clawing back 1.4 billion -- can. elizabeth: it's 20 baller right? over a few years -- 20 the billion. >> in the first year, is 1.4. elizabeth: but $10 billion in 2024 and 2025 the, but you have the wait for that to be redistricted. we hear what you're saying, congresswoman. john lonski, what do you think of the deal? >> well, it's not perfect, and
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all it does is reduce the average annual deficit over the next ten years from 1.7 trillion to a still very ugly 1.6 trillion. however, something had to be done. you had to preserve confidence in the financial markets. you want to avoid a default and so on. and if the republicans really want to make substantial progress at reducing the deficit, what's needed is that they take over the senate, hold on to the congress. and if they're lucky, regain the presidency in 2024. you can't always get what you want, especially when you don't have the power to do so. elizabeth: let's watch more from what house conservatives are saying. watch this. >> tomorrow's bill hands biden a blank check as it doesn't actually set a debt limit. this is an unlimited debt
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increase. allowing him to spend as much money as he wants through then end of his term. tomorrow's bill fails to return federal spending to pre-covid pandemic e levels. >> so first thing's first to the american people, washington is doing it again. this town is cutting another crap deal that's going to put you more in debt with no real changes whatsoever. this bill has no cap in raising the debt. just a candidate the in the future. >> -- a date in the future. >> we will follow the processes, lay down the law on pay-go. and if that waiver is chemod necessary to make sure -- deemed necessary to make sure president biden's agenda is carried forward, we're going to use that authority. elizabeth: that last part, congresswoman, is the omb director saying they're going to put in waivers on pay-go, so as you were saying, it's not really effective here. >> no. we started out in the very first bill with rains act which says that no regulation or major rule with $100 million or more of
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industry impact can go into effect without an up or down vote from congress. this is the type of thing that people across the country, republicans, independents and democrats, want. it actually polls higher with democrats than with republicans. they deserve accountability and transparency. this pay-go administrative rule,st a farce, as i said. and let us not forget that this package if doubles the debt over 10 years. so leapt us be clear that this is -- let us be clear that this doubles the debt in 10 years. elizabeth: final word, john lonski. senator mitch mitch mcconnell says it cuts the deficit by $1.5 trillion. kat cammack, congresswoman, says it doubles the debt. where do you come down on all of that? >> well, it depends on how you look at the cbo's view. the cbo says it cuts the deficit by $1.5 trillion over 10 years. and as i noted earlier, that hardly makes much of a difference on an average annual basis. going forward prior to this agreement, the average annual
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deficit was supposed to be $1.7 trillion. that's an summit. now it their -- an estimate. now it narrows to $1.6 trillion. it's not a lot of progress. more work has to be done. elizabeth: okay. >> you have to have the ability another so, the republicans aren't there yet. elizabeth: woman cam act and john -- congresscom cam act, thanks for joining us tonight. congressman james comb or joining us now. you and senator grassley spoke to fbi director christopher wray about that fbi document that you subpoenaed a whistleblower shows then-vice president biden engaged in a bribery scheme with a foreign national to change policy. what happened today? >> well, essentially he finally admitted that the document does exist which was good because that's what the whistleblower claimed. now, it's taken correct doer wray 35-40 days -- director wrat exists. what we didn't find out is what
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has the fbi cone to investigate the valid ity of the claim. that's what we need to know moving forward, has fbi investigated claim. i explained to director wray, this is consistent with a pattern that we've found with joe biden when he was vice president leaving a country after presenting a foreign aid check, soon afterwards his family started receiving money through shell companies they created that was then laundered down to biden family accounts. elizabeth: what foreign country are you referring to? >> i haven't -- the one earlier where the vice president heft is country and -- left the country was romania. i haven't yet disclosed what this new country is. but it's another country. the claim was made when joe biden was vice president. so the fbi has had ample time to investigate this, but yet we've seen nothing. and, you know, director's been very vague, been very
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patronizing with both senator grassley and i. and i made it clear once again to senator grassley, if we didn't have this document in my hand by tuesday or wednesday of next week, then the house oversight committee will vote to hold him in contempt of congress. elizabeth: and speaker mccarthy says he will move on that. so he's saying you will not get a physical copy, but he'll let you and i guess your team and senator grassley and his team read it -- >> read it after he he redacted it. elizabeth: okay. >> now remember, you have to understand, liz, i get so much information from some of these federal agencies, and they send it to me, and it's the almost all redacted. it's just black lines through everything. so he's wanting us to go to the fbi office, and he's going to let us read it after they redact it. who knows what that's going to be. i'm willing to go to the fbi office, but i told director wray if i don't have that document in hand, hen he will be held in contempt of congress starting next week by the house oversight
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committee. i made that very clear. elizabeth: this document has the potential to affect president biden's re-election bid. so it appears that the fbi is protecting president biden. >> we asked him that question, and he made it very clear that he was not playing politics with this, but he wouldn't answer the simple question, have you investigated this claim. because he understands, he's keeping up with what work we've done on the house oversight committee to produce bank records that show there are shell companies that were laundering money from foreign nationals to biden family members after joe biden left the country as vice president. so there's a pattern. and, remember, this allegation was made years before anyone if knew that the bidens created shell companies and that biden family members were receiving money from foreign governments. so the fact that this allegation was made long before anyone knew about the evidence that we've produced in the last four months makes it even more realistic that this is probably a credible
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allegation. and think about the allegation, liz, that the vice president of the united states who's now president was involved in a bribery scheme in exchange for serving our ax dollars to the a foreign -- tax dollars to a foreign country in exchange for foreign aid. elizabeth: so the timeline you reference, it looks like june 20 to 20 the -- 2020 -- >> june 2020 was this particular document with. but i'm going to make a direction prediction, liz. elizabeth: okay. >> i'm going to say it's like the bank violations, like the suspicious activity reports. when i went into treasury, we found a lot more suspicious activity reports had been filed on the bidens than previously reported. i'm going to make a prediction that there are a lot more of these 1023 forms alleging bribery schemes with president biden than what anyone could ever imagine. liz liz so there could be more 1023s out there. the fbi director was talking about it apparently in a letter to you guys that he's got an
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extraordinary accommodation and more information to show you, additional information. what is additional informationsome. >> he wouldn't say. he would not say what the additional information is. now, i know what the whistleblowers are claiming. but, look, it's taken 40 plus days for the fbi director to even admit that this form exists. so i wouldn'ting call that being, exhibiting much cooperation. and that's what the director implied in a statement he gave yesterday, that he was cooperating with members of congress. kevin mccarthy call me this morning and said, have you heard from him? if he hasn't. if the speaker of the house isn't in communication with director wray, who is? is he just communicating with the democrats on the house oversight committee who are serving essentially as de facto biden defense attorneys? he's not communicating with senator grassley or any of the senators that we know of in the senate. so this is a very serious allegation. it's consistent with a pattern that we've already exposed with the biden family, and that's why
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this form is so important to our investigation. elizabeth: congressman, cbs reporting multiple justice department whistleblowers told senator chuck grassley's office the fbi is not following procedures on the investigation into the biden family accused of cashing in on the president's government job, that they're breaking the rules, they're labeling and burning derogatory information as kiss information, burying -- disinformation, burying the evidence at fbi that other investigators at bureau cannot access. so we're seeing it seems like two dozen government whistleblowers including at the fbi and irs are talking to house lawmakers about everything that's going on, that the fbi upper ranks is deeply politicized in favor of democrats and the far left. >> you're seeing a revolt now by the good employees at the department of justice and at the fbi and the irs who have said enough's enough. they see a competent investigation taking place in the house of representatives,
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they're coming forward, they're taking whistleblower protection status, and they're doing the right thing. and one of the messages that senator grassley and i relayed to director wray was we expect you to not retaliate against these fbi whistleblowers, because there are going to be more. elizabeth: there's going to be more. just final word, the news you gave us just happening moments ago, you told us there's more indication of the biden family taking money there from a separate, undisclosed foreign nation via shell companies that went and were payments, in the form of payments to multiple biden family members. and you have the name of the nation, you're not disclosing it yet, is that what you're telling us? >> that's correct this. we don't know how methods of payment were, but the bribery scheme and another country, that is correct. elizabeth: got it. chairman comer, we'll stay on the story. thanks for joining us tonight. >> thanks for having me. elizabeth: also the debt ceiling keel vote tonight, we've got
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this story, this was interesting, hollywood is now calling out the left over what is going on in our nation's schools. we've got actors and actresses talking. we've got actor and author kirk cameron taking that on. and this backlash, hundreds of outraged taxpayers, they just flooded a new town hall in oakland, california. they are upset and angry about crime after oakland has led the charge on defunding police. plus, we've got sun thing new details -- stunning new details on this big movement in the u.s., how did black lives matter reportedly blow through nearly $90 million but is now close to the bankruptcy? and we've got new details on why you should watch out for artificial intelligence. it sounds science fictiony, we get it, but when the investors and pioneers compare their artificial intelligence creations to an extinction event or nuclear bombs, then it's an understatement to say that the u.s. and the world is at a turning point. tonight we've got congressman bruce westerman, kirk cameron,
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c.j. pearson and the center for a.i. safety's dan hendricks all tonight on "the evening edit." ♪ ♪ ♪ ♪ 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? ♪ ♪ (cheering) imagine you're doing something you love. rsv could cut it short. rsv is a contagious virus
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hi, i'm jason and i've lost 202 pounds on golo. being a veteran, the transition from the military into civilian life causes a lot of stress. i ate a lot for stress. golo and release has helped me with managing that stress and allowing me to focus on losing weight. for anyone struggling with weight and stress-related weight gain, i recommend golo to you. this is a real thing. this is not a hoax. you follow the plan, you'll lose weight. elizabeth: okay, we're going to take care of this story for you tonight. this is one of those stories that seems to to big and over
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the top and likest too much to think about it, right? we're going to try to the make it easy for you and break it down. why big tech and scientists and the pioneers many artificial intelligence came out with brand new and disturbing warning about a.i. has leaders around the world sitting up and paying attention. kelly o'grady live in l.a. with the story. >> reporter: great to see you, liz. that's right, hundreds of a.i. leaders including ceos of openai and google are warning of potential exe 2006 because of this technology. so they signed on to a simple statement week, i want to share that with you right now. mitigating the risk of extinction from a.i. should be a global priority alongside other societal scale risks such as pandemics and nuclear war. this isn't the first time we've heard these warnings. we had a number of a.i. ceos testify before congress, a handful of them met with the vp at the white house, but the chorus is growing ever louder because of the speed of the development and creating a tech
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that could eventually think for itself is scary for some folks, some comparing it to the most deadly disasters. but these warnings are doing little to stop the advancement. a.i.'s exploding in popularity, and despite the potential to eliminate millions of jobs, it represents a huge opportunity for companies to advance products and efficiency in some cases. the reality is a.i.'s already being used with industries we engage with on a daily basis. in some cases we don't even realize it. >> if they go to their doctor's office, an x-ray is examined and a.i. is used to compare it to other results, to make sure that a diagnosis is correct, they wouldn't necessarily be a aware of that. and it's an important reminder that a.i. is a tool that is used in a varian i the of different services -- variety of different services. >> reporter: so the result of that push and pull wean the good and the bad -- between the good and the bad with a.i. is an intense focus right now, but with all these warnings, leaders are unleashing the technology, and they do stand to benefit
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economically from specific outcomes. so, liz, it does beg the question, are they right advisers when it comes to shaping regulation? i'll send it back to you. elizabeth: great stuff, kelly o'grady. thank you so much. the director of the center for a.i. safety is here, director dan hendricks. why are they comparing it to nuclear bombs and ebbs tingsz events? -- extinction events? >> that's because later stage thes of this technology could potentially be that disastrous. elizabeth: howsome. >> just like bioengineering technologies ask nuclear. sure. a very simple example is with malicious use. if somebody uses an advanced a.i. system, they could potentially create a bioweapon. that's a career one. or -- clear one with. or they could use it to create a rogue system. someone gave it the command to seek global domination. given that they're on a very fast trajectory, maybe in a year or two the or maybe a few years after that they'd be able to --
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elizabeth: well, how would it come down to -- [inaudible conversations] this feels like a big mind in the sky. how would it come down into our reality though? in what form? >> we meaning -- elizabeth: an extinction event or whatever. go ahead. >> sure, sure. so let's say they create a bioweapon with. they could engineer it to be extremely destructive. we her know that pandemics and, fortunately, people aren't engineering pandemics, but that would lower the barrier to entry. more people could potentially doha sort of thing. or more people could you should lean a system -- unleash a system, and if it's smarter than humans in the future, then it would be very powerful. what separates us from other animals is our intelligence, but we might pass on that mantel in the future where they would be the smartest. there are other ways this could happen where people are increasingly weaponizing
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artificial intelligence systems. that's another path where this could get really unfortunate, potentially leading to extinction. elizabeth: all right. we've seen reports that a.i. systems will exceed expert skill levels in the majority of sectors within the next decade. has going to to make this year, 2023, look like 1820 the, you know? [laughter] 40% of all hours worked will be taken over by a. i'm sorry. basically, we've got -- a.i., it creates human-like content the, sounds and content on the internet. but it's also toxic stuff. not just job losses. election manipulation, misinformation and record theism, and as you point out, bomb making. rarely have we seen big tech run to regulation at the start of a new edge. they usually run away from regulation. really what can congress do about it? >> yeah. so i think -- i'm speaking personally here, not on behalf of all signatories, but i think it'd be important not just to rely on the corporations to take care of this because they're currently locked in an a.i. arms
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race. so they're needing to make a.i. technologieses as possible as possible. if they decide to consider safety seriously, they might slow down significantly. but then the more unscrupulous act orses would be the ones that would pull ahead in that race. so consequently, since they're locked in this competition, they're going to keep racing forward and making these technologies very powerful. we don't know how to the completely control them, we don't understand their inner workings, so i think that's a recipe for disaster. we're going of the try to reduce these competitive pressures cad of hastily. elizabeth: got it. dan, thank you so much for joining us. it's good to see you. there was a big movement that took hold in the united states and changed a lot of things. it's black lives matter. it really pushed for and was behind, reportedly, a lot of riots and unare rest many in our nation. black lives matter, a new report coming in, hay blew through nearly $90 million many donations, and now it's the on
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the edge of bankruptcy. and hollywood is calling out the left. actor and writer kirk cameron, he's joining us tonight. he just had a book event for his children's book. he was hit with protesters. he's going to talk to us about that and what's going on in our nation's schools and about how parents are are on the move nationwide. also actor james vander beak calls out the dnc saying, no, president biden will not be debating in the presidential primary debates, either will trump, but he's really mad about that. he's saying, what the heck? we should hear from bind. have him take on rfk jr. plus, hundreds of outraged parents storm an oakland, california, town hall. they're really mad about crime. oakland led the charge in defunding police. the backlash growing against that. look at oakland there. we've got the story. ♪
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elizabeth: okay. staying on this story, this is a key question, the white house won't answer it. it's all about the debt ceiling deal. will it stop historic thetic inflation hitting your kitchen tablesesome you're dealing with that and higher interest rates and growing debt. for many people out there. edward lawrence is live at the white house. edward, this is quite a story. >> reporter: yeah. remember that word inflation? [laughter] we're all dealing with it. it hasn't gone away. in fact, the jolts jobs report showed 10.1 million job openings, an increase mt. the u.s., and that's a stronger economy hand the federal reserve would like to see. inflation is not a word we've heard much of over the past two weeks from the president or in briefings. the latest inflation data shows thatst the on the rise again slightly. because of the job openings and inflation data, there's a hasn't for another 25 the basis point rate hike june 14th although it flipped, 65% now thinking a chance for a pause. still, experts worry how inflation is sticky even with the ten the consecutive rate hikes we've already seen.
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>> as inflation isn't, is coming down, but it's not on -- it's not back to target. and there is still a lot of signals in the economy that there's more work to be done. and is that because they're not high enough or because it's just going to take more time the? >> reporter: and so this is how the omb director answered my question about the new debt ceiling deal and inflation. should the debt ceiling deal get signed, will it help bring down inflation over the next 12 the months? >> so what i tell you is what would have been terrible for inflation and the economy would have been a default. we have seen a moderation. i'll let let the -- the credit agencies have not moved down the creditworthiness of the united states, but with we needed to make sure we got a deal before that happened. >> reporter: she dodged that question. still, the feeling at the white house is that inflation will
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come down on its own because of the federal reserve rate hikes, not because of reduction in government spending, but it's proving to be more sticky than first thought. the opinion on if we'll see a rate hike sways pretty much daily based on information that we're getting from the economy. back to you, liz. elizabeth: yeah, it's all about inflation. edward lauren, thank you so much. look who is here, he's actor, writer and producer kirk cameron. kirk, it's such a pleasure having you on. thank you so much. >> thank you. elizabeth: you're the or author of the new children's book, "as you grow. with the we've been talking about on this show what parents and families have to deal with, things like inflation and what's going on in the schools. talktous, you had a lot of people -- talk to us, you had a long line of people and hen there were protesters too. this happened on saturday. >> that's right. we went to the seattle public library, and is we were welcomed as i was reading this book called pride comes before the fall which teaches kids dangers of pride and the value of
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humility. and parents are being red pilled all over the nation as i visit churches and public libraries and schools. they're waking up from the woke mate rick -- matrix, and they're realizing they need to deactivate this progressive machine that is stealing the hearts and minds of their children. it's very encouraging, and i'm just getting started. elizabeth: so your reaction to florida above ron desantis'. he keeps saying the media is misreporting on what he did, that he signed a bill on all mention of gender identity and sexuality in kindergarten through third grade and restrictions in higher grades. what was your take on that story when you saw it? >> trying to redefine gender, i think, is the height of pride. of the seven deadly sins, this is the deadliest one. and ultimately, what that is, is saying i'm god and i can determine morality, i can determine gender, i can redefine
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things according to my own image. and i applaud those who are wanting to bring us back to the values that made us freest, strongest e, most blessed mission in the world with, and that's the judeo-christian moral standard and ethic. but this reorganization of our society is getting worse and worse which is why parents and grandparents need to get off the defense, get on the offense and take back with the leadership position of the education of your children. and i'm grateful for what mr. desantis the is doing to put education back into the hands of parents. elizabeth: we had kellyanne conway on last night, and she was saying there are teenagers out there who feel like they don't belong in their body. what do you say to that? >> well, i think that there's lots of confusing thoughts when we're teenagers. there's lots of confusing thoughts as we get older and turn into adults. but what doesn't help is when you have people who stand to the
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make huge financial profit off of medical procedures that actually make the problem worse, in my opinion, and don't bring clarity, but with increase confusion. i'm a father of six children. i understand what it's like to shepherd children's souls and all the questions that come up in a confusing culture. and what we need to do is get back to the truth and speak it to them in love. even if it's not popular or what they're seeing on tiktok. and that's what i'm trying to do by reading my books, and i'm grateful for companies like brave books that are speaking truth in love to the new generation. elizabeth: kirk, there's this other story too. more than 500 angry and trues rated -- frustrated parents showed up at this town hall in oakland, california. you know about this, crime and violence. crime is up double digits. oakland was one of the cities that led the charge in defunding the police by $18 million back in 2021. kirk, let's have you a take a listen to. watch.
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>> we need to stop the killers. we're coming after y'all. [applause] >> -- the most terrifying thing that has happened to to me this my life. >> -- punching me, kicking me, dragging me through the streets. >> my son has been -- 24 the times many in 6 years. the last time that -- got held at gunpoint, oakland mative, military veteran, black male from oakland almost got shot and killed. elizabeth: so people getting assaulted and almost are kills in oakland, california. and then you have actor james van der beek, kirk, saying how come the democrats are not letting president biden debate in the primaries? we should point out that trump is saying no to the debates here, so there's not going to be an rfk jr. debate against biden. also get your reaction to this. >> you [bleep] kidding me? there's no debate for an 80-year-old man who, if he lives, will be the oldest
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sitting president in the history of the country? and if he doesn't live, has a vice president whose approval rating is worse than his? this guy is obviously declining mental faculties. what about the will of the people? elizabeth: what about the will of the people? what do you think, kirk? >> yeah. i think we've been derelict in our duty, and all these things that we're seeing have been happening on our watch. st easy and convenient for me as a father if my children are going wayward to say, well, that's their choice. but wait a minute, i've been tasked to help guide them, and we, the people, are the sovereign in this country. i think that our freedoms and liberties and our blessing has not been stolen from us, i think we've allowed -- we've squanderedded it, and we've let it slip through our fingers. and the answer is not to sit on the couch and cry about culture, the answer so the get off the defense, get on offense. not just report about bad things, but reform bad things by
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leading with your own example. and that's going to start in your home. elizabeth: okay. kirk, thank you so much. kirk cameron. get his new book, it's coming out tomorrow. kirk, thank you so much for joining us. it's good to see you. >> thanks for having me. keep up the great work. elizabeth: thank you. this story is coming up, we've got u.s. energy is on capitol hill. they like the debt ceiling bill. why? it's got permitting reform for oil and gas pipelines. plus, conservative activist c.j. pearson, stunning new details, how did black lives matter reportedly blow through $90 million in donations? $90 million, and now it's on the edge of bankruptcy. that's next on "evening edit." ♪at ♪io r how much i paid, it followed me everywhere. the high interest... i felt trapped. debt! debt! debt! debt! so i broke up with my credit card debt and consolidated it into a low rate personal loan from sofi. i finally feel like a grown-up. break up with bad credit card debt.
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serious allergic reactions and an increased risk of infections or lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms, had a vaccine or plan to or if ibd symptoms develop or worsen. i move so much better because of cosentyx. ask your rheumatologist about cosentyx. elizabeth: okay, look who's here, he's conservative activist c.j. pearson back with us. it's good to see you again. we really wanted to talk to you about this. more details, more reports that black lives matter, the global network foundation, they spent a jaw-dropping $88 million that it raised since 2020 the, but now it's on the brink of bankruptcy, $8.5 million in debt? we're finding out where the money went. first, what do you think of this headlinesome. >> you know, liz, it's really hard for me talk about story without getting angry to see the millions of collars that went to to funding this -- dollars that
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went to funding this on the backs of black suffering. when i say black suffering, i'm not talking about the type of black suffering that those on left like to talk about, like this make believe of modern day, systemic racism. i'm talking about the black suffering in america's inner cities that are ran almost exclusively by progressives, the young black children who can't play in the city of chicago would want the threat of a bullet, about the black suffering in cities like ballot with more where there are schools where not a single student can be found that's proficient in either math or reading. i am talking about the black suffering in blue states like california where young black children are trapped in failing schools because there is a war on school choice. black lives matter was never about black lives, it was about luxury homes, handbags and nothing more and nothing less. elizabeth: c.j., let's go through it. only about a third of the money went to the charitable foundations, and of that, about $4.5 million went to supporters, family members and friends. it spent more than $15 million
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on real estate, $15 million, including luxury homes in l.a. out of that $15 million, 3.2 the million went for homes for patrice colors, and her brother's security company got $1.6 million from the organization. when you look at, as this story in context from 2020 to today, black lives matter, you know, seized a lot of headlines. media's not reporting on what is going on right now, really about what's happening with their money and how hay spent it. >> yeah, you're absolutely right. and this spending and this fundraising only reflects what went to the actual black lives matter foundation. according to the claremont student, more than $90 million was given to black lives matter-related causes by corporate america. it's actually something that we're exposing tomorrow in a documentary via prager u called unwoke inc., but it's actually a terrible thing. this was an absolute grift, and i think this will be remembered as one of the biggest scams to ever occur in the history of
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this country. elizabeth: so what to do you do -- look at these luxesly home. that's where people's money went to. we had victims of police violence, those families saying we never saw any money. >> yeah. not a single dime patrice patrisse cullors, she is living challenger and has a nice bag to boot with it. like you said, these people never actually cared about black lives, they cared about using this movement to enrich themselves, and they will never, ever do a single thing about actual black issues in this country. if they did, they would call out the she city of chicago, they would call out baltimore, and they have yet to do so. elizabeth: c.j. pearson, thanks for joining us. it's good to see you. >> thanks for having me. elizabeth: we're staying on the debt limit vote. it's coming up by 8:00, it's going to start tonight. we've got congressman bruce westerman. we've got energy, american petroleum institute, it's on capitol hill. they like the debt ceiling bill. it's got permitting e form for oil and gas pipelines and more. we want to check in first with
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our buddies dagen and sean, because heir going to be dealing with this vote more on "the bottom line" coming up. sean: it's going to be bedazzle, razzle-dazzle coming up. we have the whip of the house from minnesota coming up as well as joey jones is going to join us. dagen: charlie hurt ooh's going to to be talking about who's getting into the republican race percent presidential nomination. for the presidential nomination. why chris christie again? and jason rantz, amazon workers are going boohoo because they have to actually go in to the office. nine minutes.s ♪ev a confident day... a never-hide-my-smile day... a life-of-the-party day... a take-on-the-world day... a believe-in-myself day... a flash-my-new-teeth day. because your clearchoice day is the day de. .
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liz: look who is back with us, house natural resources chairman bruce westerman. congressman, good to see you tonight. so we're anticipating a tight vote in the house on debt limit in just a few hours. what is your take on what's going on? >> good to be with you, liz. i think there is misinformation about this debt limit bill. i think there is some shortsightedness. the bill cuts spending levels lower than what we got this year. it claws back money. there are 2:00 big wins when it claws back covid money. something missing is the permitting reform in the bill. nepa, the national environmental policy act has not been changed significantly since 1982 and we got nearly everything we had in hr.1 for permitting reform in
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the debt limit bill. explain the magnitude of that. there was a study done back in 2015 by a non-partisan group said six year delayed projects were costing the american taxpayer $3.7 trillion. in today's money that is $4.7 trillion just on infrastructure projects. these nepa reforms will say you can't have a permit that goes over, a process that lasts over one year for most projects, two years for the most complex projects. there can only be 75 pages for most projects. maximum of 150 to 300 for the most complicated projects. these will be huge savings for the american taxpayers not to mention it will free up producing american energy, american mining, creating american jobs, making us less dependent on our adversaries putting people to work with great paying jobs boosting revenue coming in to the federal
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government. liz: that is interesting, we're not hearing about what you're reporting to us, telling to us. we're hearing the american petroleum institute is on capitol hill. they are making a push for permitting reform for oil and gas pipelines. we have not had a new refinery built in the united states since 1976. u.s. oil out pit is growing since then due to expansion of old refineries that makes it hard to produce energy and major infrastructure in america for decades. you say this will cut a lot of red tape and better compete overseas? go ahead. >> we can talk about oil and gas production. but what about copper production? in 1995 we made three-time as much as china. today they make 11 times more than us. we have two copper smelters in america. they have got over 50. we have got the copper deposits. we have rare earth elements here. we simply can't get them out of the ground because of the nepa
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process. this will streamline the permitting. it will allow investors to invest. it will allow people to construct. it will allow to us make things here in america again. it is infrastructure. it is energy. it is mining. you know ports and navigable waterways roads and bridges. airports. there was, the last runway put in the atlanta airport took 11 years to build it. over nine years was held up in permitting. liz: that's wild. >> it only took two years to build it. these are the dramatic impacts that happen with good permitting reform. liz: congressman westerman. interesting stuff. thanks for your insights. i'm liz macdonald. thanks for for watching "the evening edit" on fox business. we have a lot of news we're bringing for you tomorrow. we'll stay on a lot of headlines in "the evening edit" hour. time for "the bottom line." good to see dagen and sean. they're on the stick. take it away. dagen: thank you, liz. liz:
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