dividends and pay the 3.2 percent yield right now. >> johnathon? i watched the baltic dry shipping index. it went above a march low. we'll look at companies . and very depressed. >> you and your eastern europeans. thanks for joining us have a great holiday weekend. >> it is natural disaster after natural disaster . and pounding the area. and so are there enough federal dollars to go around. fema has tough talk from ron

paul. and candidate of the week. is this a play for media attention that his campaign said it deserves. and room for one more? never one to shy away from the spotlight. sarah palin stirring up more talk of canidate pailen. i am uma. the talk from the nation's capitol starts right now. at this hour tropical storm lee is gaining strength as it turn to the gulf coast washing out a busy hol at a weekend. we have team coverage. live in new orleans they will be built to the test. and met met maria >> right now, it is 45 miles to the southwest of the morgan city

and approaching the bay and that is an area that is hit hard with flooding earlier this spring. that is what we are looking at here . more heavy rain expected. and looking at the tropical satellite. it is dryer air moving over the western and taking over eight coma shape. and now we are looking at a system that looks like a cold front with it and heavy convection occurring and that is moving and bringing heavy rain. it is falling over southeastern louisiana and that rain will continue for 12 hours because it is a slow moving storm system. aside from the rain tornado threat which is what we saw with irene . so there is a tornado watch in affect. they produce rotation and we could see tornados spawned

from the tornados. and we did have one in southern mississippi earlier this hour and that is allowed to expire. but the storm system is very slow mover and looking at a storm surge reporting at four feet at shellbee louisiana. it is a tropical storm and the center of it over southern mississippi . >> it is packing a punch. >> it is expected to be like the hurricane. the mayor declared a state of emergency and a lot of attention on the levees that were rebuilt. casey stegal has the latest from new orleans. >>reporter: yeah, you heard maria saying the bulk of the storm is not here yet but experienced heavy wind and heavy rain here in new orleans. already seeing localized flooding in the lower lying

regions and the famed french quarter behind me is not impacted at this point. despite the heavy downpours, you have a number of tourist out here enjoying the holiday weekend. but lee is packing a punch as it hovers over the gulf and gaining strength with the warm waters and residents in the low-lying areas in the gulf states have been evacuated and many are putting out sand bags to keep the flood waters out of their homes it is a drill so many have been through before. fren percent of the events that occurred came in the month of september. it is a busy time for hurricanes and tropical storms . what about the levees? , the army corp of engineers are confident they will hold

and reminding everyone that no significant storm surge is expected in the area. that is the silver lining with tropical storm lee. 35,000 residents are without power in new orleans . waiting for it to come ashore and dump a lot of rain and the people here are bracing. uma. >> thank you for the update. cooler and calmer weather is helping fire firefighters get a handle on a blaze. it erupted on interstate 15. and now 20 percent contained. in texas firefighters are battling 14 large fires there. the lee will only make things much worse.

i will talk to a texas congressman whose district is fighting the flames . fema is in the spotlight as an agency that offers disaster relief. ron paul said that the program is inefficient and should be scrapped. joining us by phone congressman ron paul. >> thank you. >> at the time when the gulf is hit by a tropical storm and cleaning up from hurricane is fema ruining the economy. >> no, i haven't said that and i haven't called for the immediate abolishment of fema. that is a misrepresentation. if i say they are efficient or doing the job the answer is no. hurricanes hit our coast. i think the insurance invites

more people to take risky behavior and put houses where they shouldn't be. i would like to make the program work. i would like to make it efficient enough to do the job. it has no money and 20 billion in debt. and all we have to do is look at the history of fema on the coast. you know whether it was katrina or when they come in to help mow in my district. they are not popular. i do spend a lot of time. it is the bureaucracy that i get the most complaints about. i suggest there is a better way to do these things. >> you think the federal government has a role to play. think rescue operations are good. but the insurance program is economically unwease. and so it is no longer insurance but a free bail out for taking the rick.

that is a blanket across. >> and yeah, you for energy be nice if our guard units were around to help out and okay if our military was on the land and help out and do rescue operations. but the military is overseas and we are where the helicopters that belong to the guardian in vermont. they are over in iraq and waiting five-days for helicopters and finally gotten some for illinois. it is a bad situation and we take care of it without fema without 1978. it is like fema is a major cure. but they are broke and burrcratic and they don't have a good record. >> let me turn to presidential politics. you have taken an aim for rick perry.

once voters get to know him his numbers will fall. what is it that you find misleading at the moment. . people had to prod me because i don't choose to talk about them in a personal way or pick at them. but when i was pushed they said what about him. i answer it honestly as possible. our debtuation went up. and you know, spending went up and we have still a lot of problems in this state. he forced children to have hpv inoculation. i can keep listing them and i don't choose to do it. we have had a lot of leaders and they last a week or two. but people need to look at the record and make the decision.

>> there is a feeling that your camp is being ignored. do you agree it is a long shot . i am used to being treated like that. i am pleased i get as much attention that i do get. but me essentially tying in iowa and the straw vote and not getting one single major interview. others came to my defense. it was not our campaign yelling and screaming and i sort of take these things in stride . and that was the news in itself and just because it was so clear and obvious that for some reason there a are intimidated and frightened me for being on the show. they don't understand or have the message out.

four program and others on fox had me on geniusly. >> thank you. >> andar sarah palin supporters are awaiting her speech this afternoon in iowa which is the lead off caucus state. they are watching for signs that the former vp candidate will say something about the bid for the white house. what do we expect from mis palin today. >> obviously a rally. this is a much anticipated event and folks are coming far away by bus and car and mitch mitch and missouri all to see sarah palin and spirits ever high if not dampened. it is raining here and likely to something to do so. when she got to iowa it was her second visit .

and suggested that she will make up her mind before september or early october. but folks around palin made it clear they don't expect a candidacy here today and continues to think about that. and she will leave iowa and show up in new hampshire on monday. many think that she will continue and make the decision to get into the race . and so the impact and influence and speculation continues to heighten as the

rain falls. we'll hear contrast in her marks today. expect her to be critical of president obama. and there will be vialed rhetoric that positions her to a rival. sarah palin is critical of mitt romney for him signing a health care bill. and said that type of mandatory health care is not what she would do. and hers is based on grass roots and contrast her to romney which is a bit of a fake some say. she is expected to go after crony captitalism and said republicans are guilty of same old, same old. that is a reference to rick perry. it is going to be an impact.

she remain ace voice in the. we'll check back with you later on, take care. >> it is your turn to weigh in. should sarah palin run for president. tweet your answers. and i will read them later in this hour. special programming note about another tea party favorite. tune in tomorrow at noon. for my live brew with michelle bachmann. the fight over who should bear the loss of the hougs crisis is over. it is for allegedly selling fannie mae and freddie mac mortage securities. some people accused the alabama going easy on the banks .

the government had to file it by september eighth. and some experts are saying that the timing could tank the economy if they have to pay a settlement with money they couldize -- could otherwise be investing. and what we do know it is dollar spent . and sem the decline to create more jobs and create continent. >> and so the government is mad because they got duped. fanny and freddie are not amateur investors and should have known what they are doing and there is evidence that fan

yefreddie knew what they were doing and what kind of people they were guaranteeing mortgages for. no documentation or income or no down payment. they are trying to get more money. it is hard to believe they are fooled. some of the banks named and egyptair flight 990 all saw sharing lose valley. they are seeing how it shapes out. >> thank you. >> and the deadline for surrender expires next week. but forces loyal to gaddafi find themselves surrounded by rebel troops . four billion dollars. that's the amount illegal and undocumented workers collected from the i.r.s.. we'll tell you how it all happened next .

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get down here in the beach and jersey shore and take a death breath before summer is over and enjoy the summer and support the businesses that were hurt last weekend. >> after a week of ordering people to leave the shore as hurricane irene swirled up the

cost governor christie wants them back this weekend. president obama approved money for flood ravaged areas. he is set to tour the damaged areas tomorrow. over seas rebel forces are closing in on the gaddafi's home town. live in tripoli with the latest on the situation. dominique? >> uma indeed. rebel forces pushing toward cert. they need to be in position in case they launch an assault on the city. but as a precaution they still want to be there just in case they are desperate to avoid further blood shed. it is 30 miles outside of

sirte. nd they could end up wi and and and people things and sy. robber it is by the associated press. and reppedered under the campaign. and it is by sy operatives and he would be taken overseas and a document by human rights and taken to malacia and brought back to libya. further details and how the

campaign was. back to you. >> thank you for that update from libya now . joining us with more insight and host of dep comthree. great to see you today. so many questions remain about the rebel will they unite the country and can they govern? >> yeah. there are three things going on. hunt for gaddafi. where is he and will he fight or flea or will they kill him or captured . he will be tried and convict executed. chances are that country will have to take him over to the international court. his options are not great. gaddafi will fight until the last ounce of blood. but from our persective and what you just said the rebels

can they governor . they have gotten rid of gaddafi. will they pick up the reigns of government and get electricity and water on. and oil to flow? that is a question indeed . do you think they will get involved in the mission to capture him and what does that mean for the world stage? >> that is a good question. because the last part of the thing that i worry about ands the united states the most is weapons of mass destruction. where are they? are we securing them? we know that he just had a love affair shoulder fire missile and rpg's that take down civilian aircraft. we than he loved chemical weapons and he had mustard gas and where is that.

when he turned off the nuclear weapon's program after we invaded iraq. there are elements of that program that could be in libya right now. it being could be used in a dirty bomb. we need to get our hands on that stuff. that can fall in the international black market and used as terrorist against us. i am more concerned about establishing the order. >> thank you for your perspective. appreciate it after the break. i will talk to a congressman whose home district is under flames. 35,000 people already without

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lee is gathering strength. it is expected to cause flooding from louisiana to alabama. they could get 20 inches was isg speculation about a possible presidential run. and they are expected to mack a decision later this month. casey anthony could find herself owing half million after being acquitted of murdering her two year old daughter.

and parts of her investigation . and green day front man billie joe said his clothing cost him a seat. he refuse to pull up his sag's pants and the airline apologize put him on the next flight. >> pull up those paints >> i hate when that happens. tropical storm lee moves closer.

the ran will continue in the day. it is different than tropical storm irene. we are not getting big gusts and the storm is not moving at high speed. and marina here right on u.s. 90. charter boats are typically taking people in and out. and tourism destination place for people to visit. here is an adventure cruise and along highway 90 casinos and restaurants and hotels. and they are experiencing cancellations and our hotel has 30 percent capacity this

week. casinos are open for business. but we are not seeing a lot of residents here this weekend. it is a popular time of year. it is a popular time of it is dealing in pillions of damage. the big question is how they are paying for all of it. >> fema's problem is making it to the end of the year. less than 800 million to help people from past and present and future disasters . it is not a lot of money when you consider that it is hurricane irene. it is following a year of flooding and wildfires and a blizzard this year. it may be destructive tornados. hitting the southwest. joplin, missouri took a hard

punch. most deadly trike strike in the u.s. since 1950. billions were sent to help them. and fema is concerned to having enough mon tow help it through september. craig fugate said the agency will have to postpone projects for prevous disaster clean up that are not approved yet. they are still eligible to apply for funds but not start new permanent work such as permanent construction repairing damages from those tornados going into september being the peak part of hurricane season and hurricane irene. we didn't want to get to the point where we would not have the fun toz continue to support the previous impacted survivors. >> the obama administration will likely have to ask congress for more money to fund fema through the end of year. with the economy so tight that may not be an easy sale.

eric canter said we'll find the money if there is need. but they are not unlimited and what we always said we off set that. meaning spending cuts somewhere else and that iseting up another battle on the hill for this fall. a cold front will clash with the warm tropical storm with winds. and congress randy knock abower is joining us with more on the lone star state. welcome and thank you so much for joining us today. i know you are dealing with a tough situation. give us a sense of how difficult it is for fire fights . thanks for having me on. it is difficult. a lot of these are fought by

volunteer firefighters and they are real heroes in this. they are busy and we'll go to 286 days of the wildfires and over 20,000 fires and 3.5 million acres was land burned. and i mean, the statistics go on and on. six of the 10 largest fire in texas history occurred here in 20 thereto - on 2011. and we hear about the rain. we can sure use some over in west texas. >> you say it is a volunteer fire department that puts certain constraints on how far they can go with the resources. they are used to fighting fires and they have other jobs and it is a real testament to the volunteer firefighters and

what is happening and what is great. they have been working together. fire-fighting units. they responded where there is a larger fire . we are getting resources that help as well. it put extreme strain. and where you are dealing with a drought and now the fires. >> yes, i mean, there is two disasters going on right here now. there is a tremendous drought that is impacting ouragag . folks are having to thin their cattle herd and farmers didn't make the crop. and the fires which is doing a lot of the damage. it has been a huge impact economically to the region.

this is going to have a lasting impact on the region? >> absolutely. in many occasions they are having to thin the cattle herd and agricultural decisions. it takes a time to recover from that. we don't know how long it lasts. when i am going through my district right now. it feels like i am going in there in the winter. it is brown like it would be in january and february. we are waiting to see the ta we try to compute. >> our hearts go out to all of you there. and it is a difficultuion and they get a handle on the fires and the rain comes soon. thank you for joining us. thank you for having us on.

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since 9/11 nationwide responders have pushed for a network to help them communicate. last month and it underscores the developing of the season. they have a chief with the new york city police department and talking more about the communication problems. we are 10 years into this and there is not a nationwide system in place that would have helped inuation like 9/11 and why is it taking so long in >> that is a good question and this is an issue let me say it from the onset. every police chief and fire check. and ems chief supports the effort the problem is that

everybody is in different radio spectumes. it is different all over the country. it is possible beyond regional systems. the goal is to get legislation passed and assign enough radio waves to public safety so we can talk to each other and share data. 9/11 commission made the recommenation saying it was needed to avert a crisis in the future and it seems that that would have been given first priority. and you would think and we in public safety are baffled that there seems to be resistance in congress to this effort. there is a lot of bipartisan support . peter king and thompson and

republican demcrats support the effort and senator rockefeller and kay bailey hutchinson is reponding and and so we can build this system and we are hopeful that that legislation will push through. it is on the house side we haven't convinced anybody. there are republicans that are unconvinced. let's hope so. we need to take action and we don't have one in place. thank you. calls for congress are mounting to have him brought to the u.s.. liz prada will be weighing in on the lack of media attention and the story is next .

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until this week there is talk

of lork bee bomber who was convicted of the bombing of pan am flight. he was supposedly on his death bed and returned to libya. there is time to put coverage. liz? >> you know one of the key tests for the revolutionaries in libya will be what they are going to do with gaddafi once they catch him. if they camp him alive . more important in the minds of americans and especially those who have relatives on pan am 102. what is will happens to the magrahi. he was the lone bomber in which he was convicted and

sevening only seven years of the 27 year sentence and supposedly lying close to death in libya. they let him go because he was supposedly going to die within three months and he's alive and well. pictures surfaced last week on cnn and showing what is magrahi. gasping with an oxygen tube in his mouth and a bereaved mother. this is not the first time we have seen a dying al magrahi. just a few days after he was taken from libya and returned from scotland. he invited the press in. to take pictures of him and we saw in the mask and this dying act as gone on for a long time

. revisiting this whole thing the victims on the flight and those on the flight. their relatives have been through murder for 23 years . they are still being quizzed by the press. here's the status of the story. he probably put the bomb on the plane. but somebody else made if and somebody else told him to do it somebody else planned the whole thing. i would like to find out who those people were. it is unclear if they will get a chance to find out what he knows. he proclaimed to be innocent all of those years . but a reckoning is about to come and involve not only him but other libyan terrorist.

let's see if they do it. >> let's see indeed. thank you for your perspective. former vice-president cheney has strong words of president obama's handling of the economy. he is making a speech to the in addition next thursday. a new plan to turn around the economy, based on what you heard and done, what are your thoughts? >> i don't think it will get the job done. i think we need a serious effort primarily through tax policy to provide incentives and encouragement for people to save and invest and create more jobs. you can check your local listings for the time and channel. your twitter responses are up

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>> uma: all right. this just in. in louisiana, a jefferson parish councilman is saying approximately 6,000 people in his parish alone have been ordered to evacuate because of tropical storm lee.

heavy rains are bringing fears of flooding. the evacuation covers three towns in the parish. rain and tidal surge pushed the bank water over the banks of one bayou. we'll continue to update you. none other than bruce springstein playing a guitar he borrowed from street performer david gonzalez this week. gonzalez told springsteen when he was 16 and livin living in argentina he sold the guitar to get the money to see the boss play live. he rode a train 32 hours but missed the concert. springsteen was so touched he came back with a wad of cash. >> this here is for the concert you never make. here is a large amount of money. i was emotional. you know what? eguess he liked my music. >> uma: what a great sto.