lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. need a last minute gift idea? get the weathertech gift card! for laser measured floorliners, cargo liner, pet feeding system or the new garage wall protector. get your gift card instantly at wt.com larry: hello, folks. welcome to kudlow, i'm l arry kudlow. so kill the bill. and cut taxes instead. and kill the debt ceiling.

let's launching new blue collar boon. first up hillary clinton is live on capitol hill where all of the fun is happening. hello. reporter: well consider the bill killed. fox news digital confirming details of new deal that was brokered moments ago. house appropriation chair. leaving speaker johnson's wa office, a clean 3 month continuing resolution to keep the government funded and open, a clean farm bill package, and disaster aid as negotiated that is 110 billion, clean health and two year suspension of debt limit to january of 2027 and no year owround ethanol gas

sales, congress nal democrats have been mad that elon musk exposed up fade for extra stuffed in the funding bill, under musk's leadership at doge, era of smuggling all of these extra perks into must pass l legislation may be over. >> mike johnson negotiated a deal with leader jeffries and chuck schumer and joe biden, he is reneging on deal because the shadow president, elon musk said we should not do the deal, it will be their fault that americans don't get disaster relief or their checks. reporter: democrat have a chance to prove they are worried. we'll see if they vote for this deal to keep the government open without any of the extras attached.

republicans say they had concerns for ditching original deal it used d disaster said for hurricane victims as a trojan hours, constituents back home that were plo blowing up their phones. >> our phones were ringing off the hook, our constituents telling us that floated crthat is not what we voted for, democrats demanded the unpaid for provisions, i don't buy it. we're not shutting down. reporter: there is an interesting dynamic that will, merge around debt ceiling, a lot of republicans that will have heartburn about getting

behind, that but some democrats have rallied behind president-elect trump over this idea,y senator warren tweeting out she supports president trump, getting rid of debt ceiling. larry: that is interesting. i agree with trump on this one matter probably with senator warren. hillary, can i ask you a question. social security payments were never at risk, never. if you have a government shut down, there is notion to do with it. the social security payments and medicare payments go out, it has nothing to do with social security, they are trying to scare people. that is one point. my 6 point, how much does this bill cost, and how much

did the burned up bill cost, original bill. you have two bills one is dead, now the new bill, with two year debt ceiling. how much? does anyone know. you pointed out there is no pay go, it is watch waived. reporter: i don't have the number yet on how much this new deal will cost compared to old, but it will presumably cost less there is a lot of extras in first bill not included in new deal, we don't have full scope of overall cost yet i'll let you know. larry: hillary vaughn on capitol hill, having more fun than any of us down here, appreciate it. take care. larry: good riddance to the debt ceiling that is the subject of the riff. so president-elect trump is right in my view, get rid of

the debt ceiling, good riddance. nobody pays any mind to it over in enforced. all it does is open door to mischievous democratic attempts to threat en goven government shut downs. if republicans don't cave in trillions of dol dollar for pork program, mr. trump does not want to take office with a debt limit hanging over his new administration, and preventing his tax cut and border closing initiatives, keeping toothless debt limit will interfere with policy agenda of new president if he allow its to. that is why democrats suddenly loved this debt ceiling, this has no meaning but throws a wet blanket over the fantastic trump ho honeymoon, they would

love nothing more to hold it hostage. and move forward a new trumpian era peace and prosperity, if you look at howling about the debt ceiling, it comes from liberal media, and liberal politicians, who never advocate for any spending restrints, that is interesting. then, in current silly season debate over sort term government functioning and phony debt limit, the mild pay go requirement build in last debt deal in 2023, between then speaker mccarthy and president biden, that has been thrown out the window. and there are no spending offsets to the crazy spending increases embodied in the now defunct, cr .

31 billion in farm relief away too much i'm sorry, massive new ethanol spending way too much. welfarest increases for food stamping and child care with no work requirements. and another pro-football boondoggle bailout for ststadium in dc, a pay raise in congress, the wrong moment. and stuff that probably nobody knows about, 70 pages of pandemic preparedness. that cr would have buried all of j6 committee records, like a preemptism pardon for liz cheney, only good news that president trump killed this continuing resolution, hopefully he can kill debt

limit. and also worth noting, mr. trump is getting help from elon musk in these endeavors, and only a short period of time, elon musk is a major political force and it is a force for good. he is being helped by his doge pro brother -- brother vivek ramaswamy. now, i like to see elon musk team up with president trump and kill the debt ceiling all together. then mr. trump and his team can embark on new golden age peace and prosperity pressing on with their agenda to cut taxes, dismantle regulatory state, seal the border, drill, baby, drill, fa fatten wallets of b b -- blue

collar working folks,y. we could kevin cramer. have you seen or heard about new so-called clean continuing resolution? >> we just heard about it from your reporter while we were listening. it sounds pretty good to me. >> so i'll ask you follow-up. been -- hillary vaughn is a great reporter by the way. here is the thing, why do you all want to suspend and pay go. you spend on one side, nobody knows how much, nobody knows first bill. nobody knows this bill cost, i think this is a great disservice to took payers. pay go, remember that, if we'll increase spending on one side we'll cut it on the

other, because idea was senator lummis, we spend too much money or, joe biden spent to much money creating inflation, we know that still around, i will get to federal reserve system in next segment. with charles, but point is, ha w -- what happened to pay go. >> democrats use pay go to spend more and raise taxes. republicans use pay go to spend more and borrow more. but neither party suesses -- used is to cut spending that is why it does not work. i am so pleased that elon musk and vivek ramaswamy are taking this doge effort to really dig into the inefficiencies and poor

spending and consolidates government agents and ferreting out waste, they are the last hope, congress does not have it in them. larry: you know senator kramer. this new cr, this clean bill as it called, i think that word clean is a poor adjective. i'm tired of bidenomics and spending. and if you have some priorities, it s should be offset, it is a lost art that is part of the problem. we have a new republican administration in congress does not necessarily mean we have to use it to imitate what democrats have done, second point, i am to get rid of debt limit all together. -- debt seal debt

ceiling. it a stupid thing. it forces blackmail to spend more money to stop government from shutting down, social security has nothing to do with government shut downs and et cetera. get rid of it senator kevin cramer. >> i have some sympathy for that position, i would say over my years, we have done this together. there are times you come on debt ceiling, moment that you can have a serious discussion at what are causes of debt what process dhechanges can we make but when that happens like rudman or budget control act, you get a year or two of savings then you plow it up, you are back on over spending, i am kinds of with you on that, i would like to

say if we eliminate debt ceiling, i would like something big, like, you know prevent government shut down act, some institution alguard rail that is permanent that gets after the issue of spending in first place. with pay go, the continuing resolution, it is not clean, you can't say it is clean-plus. that is not clean. however, at that, this is for next couple months, of spending, and you put it in context of a fiscal year. it would be in second half of the year, which brings up fact that come jan january third. when republicans have a majority and january 20 . look for a low hanging fruit, opportunities to cut spending and in second part of year, we get to take up

tack policies -- tax policy generated more revenue through a pro g growth policy. >> senator lummis, how about first part of year, senator kevin cramer giving me the line about mana anna. i'm in a 12 step program that argues the problem is yourself, you have to change yourself. you all need a higher power for spending. pit the tax cuts first. that -- put the tax cuts first, i want to start that blue collar boon in second half of this year. not next year or year after, put tax cuts first, recon bill that including border security, and tax cuts, that is what i. , and and if doge brothers

can get together with, omb, let's start cutting spending right now. i don't need -- debt ceilings for that or pay goes, i don't need crushes, just do it just do it. >> shock the nation. >> from your mouth to god's ear. we can do that and plan is to put the border security and some defense components r reconciliation out first and follow is -- >> no, no, no. no. no, no, no. all at once, ma'am, all at once. as sources close to president trump, are telling us. he would like one big beautiful bill. [ laughter ] >> i don't think it gets done s sooner, if you do a great one, if end date is

september next year or easy early then do the -- >> 100 days, senator, 100 days or 120 i'll wait 4 months, if you tell me, you will do border first, then tax cuts second. then that til tells me if you are lucky they will be at end of the year you might not, 2017 of the lucky leak a doug flutie hail mary pass, meanwhile it my not start, you cannot wait. you cannot wait. you have to start in right away. >> remember tax cut and jobs act don't expire until end of being in the year we have that room to get it done right. not just get it done. larry: down have any room, that is -- you don't have

room that expiration date that is penalty zone, that is the don't go near that. you don't want to be within 1 hupp yards of that pen tally zone, that is what i'm saying. senator lummis, come on, i am counts on you, a good wyoming contract conservative talk sense to north dakota guy. all at once. >> well, you are taking the jason smith, house ways and means committee notion. there yes, yes. >> of course and constitution was designed so the house would act first on taxes. >> yes. >> so, you might get your wish, if the house moves to the designs. >> i'm saying, i can't speak for the president, he will speak for it when he is ready, i will say, sources close to him say, he would

like one big beautiful bill. that is something, if he puts his foot down it can be done. it can be done. it is just timing don't wait, never take second best. you know. >> larry, president trump is only one who won all 6 swing states and popular vote. who survived two assassination attempts. who survived all of bogus lawsuit. if anyone has earned right to say what he wants in this space, it is president trump. believe me, he will be call offi calls the shots. >> would be better if he speaks sooner. larry: he will. when time comes, i'm not speaking for him. i'm telling what you sources say. but yes he will. i appreciate it. and senator kevin cramer pay

g come on. someone has to put a stop to all of this biden spending. you have to stop. love you, sir, i will wish you both a happy christmas and season's greetings and whatever you are celebrating we should celebrate spending restraint and pro growth tack cut withs. tac tasks cuts x cuts. >> already. when is fed going to say we're sorry? we'll ask charles payne about that, next on kudlow, you is catch kudlow monday through friday 4 p.m. here on fabulous fox business, if you can't get us at 4, text your favorite 9-year-old and she will show you how do tv dvr the show, you will never miss a thing, and never miss pay go, i love congress, i'll be right back.

to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress.

♪ [music] i could unlock my front door ♪ ♪ while i dine in baltimore ♪ ♪ no lock box to explain ♪ ♪ ♪ at 9:00 the doors would lock up ♪ ♪ save me from forgetful slip-ups ♪ ♪ if my home just had a brain ♪ ♪ ♪ i could make a custom pin ♪ ♪ watch the dog walker get in ♪ ♪ so ziggy won't complain ♪ ♪ ♪ when my in-law comes a-knockin' ♪ ♪ i can open, maybe lock it ♪ ♪ if my home just had a brain ♪

larry: great n nat "king" cole. we bring in charles payne

who has a fabulous show, most of making money on phofox business and author of a very good book. i don't know everything that there is to know. i'll say two things. on the correction, more of a dow correction, i understand that but still, first point, i rumor -- tax cuts would be postponed until back-end of the year are hurting stock market, yesterday fed's blip flop or wherever they should have said we blew it. i just think that markets are befuddled with uncertainty. they don't understand fiscal or moptary promises. >> rally, animal spirits are based on trump 2.0, anything

that may interrupt or derail it will scare the market. you know, you have a couple things. i thought yesterday's sell-off was an dim indictment of j. powell. the changes they made in their economic projections in three months are mind boggling, you can't be off that much and why do you see gdp going up and inflation going up. then fed funds up more. it does not connected. the other problem, right now, they take 16% of tax revenue to pay interest rates. that is scheduled to go up over 20% in trump's administration. but, we could talk 25%. that is a dilemma, and strong dollar plays into china's hands for tariff war. how does c china fight

against a tariff battle, they could lower the re already, if we can't trust the fed. larry: not exploding dollar. >> it is a two year high, breaking out. any time something breaks out you have to be concerned. where does it go if it breaks out. i think all uncertainty is under folks who are involved in this, you had a great interview, i love watching, they are two of my favorite folks. everything you slammed them with is 100% right. larry: they are thro throwing pancakes at me. >> why keep doing pai ppaint by numbers, why do

it, do something different. larry: i am to come back to fed, common sense. if the fed is telling us, j. powell, inflation is higher than they thought. and it will be longer than they thought. the latest estimate, hit 2% in 2027. that is a a long time, if they say that, then why are they cutting interest rates? doesn't that spook investors and ordinary people who -- what is your message to me? you say inflation is worse, i agree. then why are you feeding into it with lower interest rates. >> they do i have dilemma, in september, we got break down of household spending according to cpi . the top 20 % quintile in

2023, 44% of spending, combined 70% of spending that drives your consumption numbers, rest of the households could not keep up. to curve that -- curb the spending of most fortunate 40% of nation, the fed has to hike rates, but also that s my credit card goes from 15% to 23%, i am having trouble paying my bills and on top of that now, i use my credit card to pay, i am paying more. and that was the legacy of biden in my mind. larry: best thing they can do, i know this -- you know. we had a rea recession or semi-recession for last 4

years. the helpful them -- i t don't want to jack rates up, just stop cutting rates and slim down their pl balance sheet. nothing would help those folks who are working, lower inflation in particular lower prices, gasoline prices. i want to give them more tax cuts. more. so their take home pay will be stronger. now. >> i'm with you 100%. larry: we're on the same pain page, the fed is goofing around, saying black is white, white is black, how can you know a t central bank that is makes mistakes and not acknowledge it. >> when j. powell yesterday

said that finding a job that it been pulling back moderately, i used a chart, it is falling off a cliff, collapsed, long-term unemployment over 27 weeks is sky rocketing. listing are fallen off a cliff, i hear federal reserve chairman talk about these things in a casual manner that scares the hell out of my, you don't have a grasp of what is happening, and data dependent, you base policies on fa faulty information you have all of the phd's in world, get ahead of the curve. larry: we have to get out, because they have all of phd's. >> you are right. larry: they should have nonphd's getting job done. >> people who work in,. you know, try to deregulate everything that business we

can. >> charles payne the best of the best, coming up, fani willis joining the democratic lawfare retirement. we have breitbart alec marleau to celebrate, charles payne thank you very much.

(husband) we just want to have enough money for retirement. (wife) and travel to visit our grandchildren. (fisher investments) i understand. that's why at fisher investments we start by getting to know each other. so i can learn about your family, lifestyle, allowing us to tailor your portfolio. (wife) what about commission- based products? (fisher investments) we don't sell those. we're a fiduciary, obligated to act in your best interest. (husband) so how do your management fees work? (fisher investments) we have a transparent fee, structured so we do better when you do better. at fisher investments, we're clearly different.

is a bitcoin etf the same as owning bitcoin directly? while bitcoin etfs might offer a familiar face, they lack the true ownership and flexibility of directly investing in bitcoin. with itrustcapital you can buy and sell real bitcoin 24/ 7 with the tax advantages of an ira. real bitcoin means no middleman, no restricted stock market hours. choose the path of direct bitcoin investment with itrustcapital because access equals opportunity. invest in bitcoin at itrustcapital.com today. need a last minute gift idea? get the weathertech gift card! for laser measured floorliners, cargo liner, pet feeding system

or the new garage wall protector. get your gift card instantly at wt.com

i had the worst dream last night. you were in a car crash and the kids and i were on our own. that's awful, hon. my brother was saying he got life insurance from ethos. and he got $2 million in coverage, all online. life insurance made easy. check your price today at ethos.com. leo! [whistling] ever since we introduced him to the farmer's dog, it's changed his quality of life. leo's number 2's are really getting better. better poo, better you! that's a good boy, leo! it's a lot to be a caregiver and a daughter. because you kind of have to take a step back. getting some help would be a great relief.

from companions to helpers to caregivers. find all the senior care you need at care.com larry: unitedhealthcare ceo murder suspect is in new york, he facing big new charges. alexis mcadams with a new development. reporter: he is looks at 4 tomorrow charges this morning in pennsylvania they tell me that luigi mangione told them he felt good, got a hair cut at jail before coming to big apple in federal court and he has big

expense of attorneys. you might recognize their last name, same law firm that represents sean diddy combs. >> mr. luigi mangione appreciates everyone's support. reporter: appreciate support, in has been some support that is disturbing. people are saying he is a hero, because he took out the ceo. that is part of this investigation too. he got off that plane, he is with local state and federal authorities, fbi ta task force, they did to do walk him in jail jumpsuit because they want to show they went after this guy, in manhunt, nobody is above the law. that is why they have authorities, he did not look like he was too bothered. pulling up documents.

these are some new development he was talk and planning about it i am told for months he wrote about how he would whack a health care ceo in august and said, according to police, he was not working with anyone. all it took was some basic engineering, social engineers and a lot of patience. i would like to show you gun police say was used, he made that gun and a silencer using a lea 3-d printer, the same gun he had in his pack back in altoona, i'm told. this is brian thompson who this is about. brian, was who was shot and killed, a dad of two, just in town for business. l.

>> back out live. authorities tell me leung lluigi mangione was be on jessed with brian thompson and with unitedhealthcare. he is looking at death penalty. larry: death penalty there you go. alexis mcadams thank you. >> bring in alex marlow, editor in chief breitbart news. i just want to summarize, the part that interests me, a new federal charge of this murderer, a terrorist charge. which then makes him eligible for the death penalty. and i will say to you, i am not generally, i am of a life imp imprisonment guy, but if there is a time to use death penalty it would be on this leun luigi mangione guy, the new federal terrorist charge that makes him eligible for

the death penalty. >> yeah, if he is convict, your reporter said such an important point, he was not a united healthcare customer and never denied care, he is a rich guy. this is a huge disgrace. that left back up this, i am with you. larry: a left wing you know conspiracy, we'll see about that, not a nonpayment. other thing, one of your favorites, fani willis out of, in hotlanta, georgia, she is one of your favorites. >> it is great, she had to get kicked off of the case because s she hired her unqualified boyfriend and paid him triple rate with

taxpayer money and kicked that money back to her with luxury vacations. he didn't could the law he was dia deal dealing with, it is improper there they are real gangsters, they had to go away. we could have won bigger, the wh whole case is a breach of due process. it still there. larry: all right, alex marlow thank you, sir. >> little bit of a gier switch to capitol hill, with claudia tenney and lloyd smucker. i will begin with you, i need to go short. the question, how quickly can the ways and means coppitcommittee report out a tax extension, and reform bill.

we have jason smith on, we want one bill. how fast can you get one out. serious but really important questions. >> we can't get one soon enough after january 20, we don't know what the make up of our committees will look like it is se secret formula to creating growth that president trump needs. we have to do it quickly, it has to be done in one bill, breaking it up risks us getting two bills with nothing. larry: yes. >> down like, that but only we to get something questionable members on. jim: . larry:-- lloyd i need a tax bill 100 days, then convince senator john thune, he is a good man. just concerned it can't be

done. i have jason on, he said it can be done. he said you all have been looking at this since april or so. how can you get it out? get it out? i ask you? >> i think larry, 100% you are correct on this chairman smith is right. we're better off doing this quick quickly as possible, we have a mandate from american people on the border and energy and tax. we can do it at once. if administration continues to push earlier skinny bill, we don't have to stop working on tax bill, we could still get it done, i'll say another piece. we have to ensure that we're doing in a fiscally responsible way, all of those tax cuts should be paid for with strong economic growth that drivers additional revenue or spending cuts, american

people are looking for us to be fiscally responsible here. we have to change fiscal projectry. trajectory. larry: you are right but i don't agree, i want dynamic scoring. lord knows, i don't think that you lose a dime of revenues that is what last, reagan tax cuts, revenues went up, and kennedy tax cuts revenues up tax trump cuts revenues went up. there is a policy baseline, you make a permanent tax cut, why should it be scored as revenue loser or deficit increaser, they have current services spending baselines, they are not scored as new deficits, we are playing their game. >> the biggest problem, our challenge we don't have a 60 vote threshold, we're forced to reconciliation process. that is why we can't certain things cannot be done.

key can't given crease social security cut t taskse -- taxes on this with a reconciliation we have do did it with another bill. larry: maybe social security has to wait. i understand that. you can do tips, and overtime. andi extend individual tax cuts. you have the standard deducted doubled. the small business tax deduction is -- they are important elements. lloyd, get through this. i'm saying, a hundred days. over 3 months, i'll give you 120. just have to persuade those wonderful my bound

republican senators, who are a little bit afraid to be bold. you have to persuade them that house can deliver, in tax policy. >> that is right. we can deliver on this, in that time frame, just back to point i made, you know, in 1962, our tax revenue was about 17% of gdp, it still that today, that stayed con stance 1962 our spending 18% of gdp toward is is 24%. this our opportunity. american people do not want government as usual. i'm excited about doge,. larry: i wrote a book about the jfk tax cuts, i had a couple wonderful senators,

on who led off the show, you know told me why there is no up thin as pay-go, it will be nice to cut spending once in a while. claudia tenney thank you and congressman loif lloyd smucker. >> on flip side americans face a massive tax hike if congress bungles the tax cut story. >> that is not, we're tall about goofy doge spends cuts with tax foundation int scott hodge, we'll be right back irk i'm kudlow. (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish.

the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com

♪ [music] i could unlock my front door ♪ ♪ while i dine in baltimore ♪ ♪ no lock box to explain ♪ ♪ ♪ at 9:00 the doors would lock up ♪ ♪ save me from forgetful slip-ups ♪ ♪ if my home just had a brain ♪ ♪ ♪ i could make a custom pin ♪ ♪ watch the dog walker get in ♪ ♪ so ziggy won't complain ♪ ♪ ♪ when my in-law comes a-knockin' ♪ ♪ i can open, maybe lock it ♪ ♪ if my home just had a brain ♪

advil liqui-gels are faster and stronger than tylenol rapid release gels. ♪ also from advil, advil targeted relief, the only topical with 4 powerful pain fighting ingredients that start working on contact and lasts up to 8 hours.

♪ ♪ ♪ something has changed within me ♪ ♪ it's time to try defying gravity ♪

♪ ♪ larry: joining us scott hodge. the redundant programs. this do doge stuff. >> doge stuff, indeed. the government should be treated like a company in receivership, bankrupt. so need to get rid of obsolete programs. like tennessee v valley authority, and corporation for public broadcasts, amtrak, issues whether

government lands or ainl agencies that have out lived their usefulness, too many programs that were start before the great depression that are still funded today, time to lock through those, saying this is can can be obsolete. that is how you approach thing. larry: 44 federal employment programs. 15 agencies involved in food safety, 80 programs in economic development. 100 programs involved in surface importance. gao . 56 programs standing over 20 different agencies involved in financial literacy, they all flunk, i think there is there is a lot of work, scott hodge we'll talk soon, i am kudlow. a lot to do.

we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress.

we really don't want people to think of feeding food like ours is spoiling their dogs. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. no living being should ever eat processed food for every single meal of their life. it's amazing to me how many people write in about their dogs changing for the better. the farmer's dog is just our way to help people take care of them. ♪

larry: that's it for kudlow, thanks for watching, folks. -(screaming) -♪ bad boys -♪ whatcha want, whatcha want ♪ ♪ whatcha gonna do -♪ when the sheriff john brown come for you? ♪ -stop! now! stop! -(clattering) -heads up! -♪ bad boys, bad boys, whatcha gonna do... ♪