tv America Reports FOX News March 8, 2023 10:00am-11:00am PST
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it is now "dreamers" or "friends." there also putting minnie in a pantsuit to make her more progressive. they have a white little boy, he befriends a black man on a pendant plantation and it was ay situation. you cannot like some of the themes but it does not me of the council of the music. >> and no problem with the song. which is amazing. don't forget to dvr the show. now here is "america reports." ♪ ♪ >> this pandemic did not start in january at the seafood market. we now know there were infleinfections all the way bacn september. >> might have escaped from research his agency funded. >> what was dr. fauci doing? he was trying to cover his backside. this is the highest-paid guy in our government getting all kinds of money to tell us things that were not accurate because we now know u.s. tax dollars went to a lab in china, a lab that was not up to code, a lab that was doing
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gain-of-function research, and that is where this thing most definitely came from. >> john: and explosive hearing taking place on capitol hill, the origins of the covid pandemic. confirms dr. anthony fauci tried to discredit the lab leak theory in the early stages of the pandemic and back to china's efforts to place the blame on a white market in wuhan. the virus that has killed millions of people worldwide. >> sandra: will congress use this testimony and newly uncovered emails to hold fauci on china accountable for not being transparent about how this pandemic began? house covid select committee chair brad wenstrup and senator tom cotton will weigh in coming up shortly. ♪ ♪ >> john: we begin, though, with growing calls to designate mexican drug cartels as foreign terrorist organizations following the killings of two americans in mexico. ali am john roberts in washingt,
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welcome center back. >> sandra: this is "america reports." mexico's presence, it it's country has arrested a 24-year-old suspect that was gug the shack were four kidnapped americans were held captive for days. not a mexican cartel member, but abducted in a town known as a hot zone for cartel violence. >> john: sources tell fox news the u.s. citizens were likely mistaken for haitian drug smugglers as experts worn a cartels have tightened their grips over mexican communities. >> sandra: coverage begins now. former dea agent derek maltz is standing by. bill melugin is at the texas border live. crossed into mexico before they were kidnapped. what can you tell us about the two who were killed, bill? >> the two americans who were
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killed, their bodies are still in mexico right now, sandra, both of those bodies still at a morgue in matamoros, just a short drive away from where we are. as for the two surviving americans, they are in the hospital behind me here in brownsville receiving treatment. we got some new photos we would like to show our viewers this afternoon. take a look at this. this was the moment those two surviving americans were handed off to u.s. authorities by mexican police yesterday. this happened at the port of entry here in brownsville. you can see the fbi was there, the dea was there. this was a transfer from a mexican ambulance to a u.s. ambulance, they held a sheet up for the privacy of those americans but this was shortly after those americans were found at that wooden shack outside of matamoros. speaking of which, take a look at this picture. as you mentioned, mexican authorities have now made their first arrest in connection with this incident. this is the man they say was guarding that shack where the americans were found, both the dead americans and the surviving americans, identified as a
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24-year-old named jose guadalupe a n. again, mexican authorities say the americans were moved from place to place to throw authorities off before they were found at that shack. is the first arrest connected with the incident. the fbi releasing a statement which is in part, "the surviving two victims were transported to the port of entry in bond bull texas where they are receiving medical care at a local hospital. as one of the surviving victims sustained serious bodily injuries during the attack. we are working with department of state on the recovery of the deceased victims to the united states." and the americans who were attacked essentially minutes after they crossed the border fm brownsville on friday. they were in a white, apparently in town to get a medical procedure done, and what exactly that up to the attack is unclear, they were fired upon very quickly. federal sources tell fox news they believe this was a case of mistaken identity with the u.s. citizens potentially mistaken for haitian drug smugglers.
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attorney general merrick garland says he is outraged by this attack, and he said there will be consequences for it. take a listen. >> the cartels are responsible for the deaths of americans, and we are fighting as hard as possible, the dea and fbi are doing everything possible to dismantle and disrupt and ultimately prosecute the leaders of the cartels and the entire networks that they depend on. >> and guys, we are hearing from contacts on the ground here in the rio grande valley that the return of those bodies of the american citizens could take place as soon this afternoon. we will of course be here keeping an eye out for that. we will send it back to you. >> sandra: bill melugin live for us on the ground in bond bull texas. thank you. john? >> john: sandra, let's bring a derek maltz, the former dea agent in charge. derek, when you and i first met more than 11 years ago now, you were involved in the dea operation in the wake of the killing on the road between
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monterey and mexico city. that was a case of mistaken identity, where he and victor avila, both i.c.e. agents, were mistaken for drug cartel members. shot and killed. it has only gotten killed since then. >> absolutely, john. i want to know, did i miss something, where is president biden on the world announcement on this latest incident of killing americanandg them in mexico? they are killing mass amounts of kids all over america every day. 200,000 under joe biden's watch, right? dying from poisonous drugs. but what i don't understand, john, is the latest press secretary announcement very deceptive to the american public. she basically said to peter doocy that we have historic levels, low levels of fentanyl at the border because,
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the homeland security director is talking about operational control of the border, meanwhile it is the wild west. when president reagan was in the white house and our agent died in mexico, he all but shut down the border. that is what we need, leadership like that, john. >> john: the agent you are referring to. one of the reasons why there is so much more fentanyl being seized in this country is because there's so much more coming in. the border officials we talked to, derek, say we are only interdicting a small fraction of what is out there. so than the big question is how to deal with these drug cartels. congressman dan crenshaw of texas wants an authorization for the use of military force. senator lindsey graham of south carolina and senator john kennedy of louisiana a short time ago said they want to designate the cartels as foreign terrorist organizations. listen to senator graham. >> if it were an isis or al qaeda cell in mexico, that lobbed a rocket into texas, we will wipe them off the planet.
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they are doing that at times. >> john: do you think that is the way to attack this situation? to attack my cousin meet them as foreign terrorist organizations and use the u.s. military to go after them? >> john, that would be my preference just watching these guys grow from cells to terrorists. i don't care what we call them because washington bureaucracy doesn't want to accept that they are terrorists, they are killing more americans than any terrorist organization. that is okay. let's call them drug cartels. let's call them transnational criminals. but let's apply the appropriate response because it is the biggest threat to this country day today, killing more americans than anyone else. john, in the old days, we had the homeland security color coding. well, we have a red alert on the mexican cartels, so what are we doing about it? we are lying to the public from the white house about the
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severity of the threat. we are not talking about fentanyl poisoning like we should. we are not educating the kids. we are not mandating that the department of education, you know, go after the schools, so again, i don't want to get caught up -- five years ago, i started acting for the declaration of these guys as terrorists. i testified in the ohio congress, got almost a unanimous vote in favor of it but here's the problem, john, the bureaucrats in washington, they were able to convince president trump to back away from going after them as terrorists, so what do we call them, john? now it is going to be semantics. >> john: hey, one quick question if i could do you, derek. when we first met more than 11 years ago, you should be on your phone some horrific pictures of what cartels do to their vic victims. we know two americans who survived were tortured for a number of days. we do not know the extent of their injuries, but there are going to be thousands of young people who are headed to mexico over spring break. families, as well.
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what do you say to people who are considering making trips into these border towns? >> first of all, forget the border towns, you are crazy to go there. spend a little bit more money and go to a u.s. destination, or go to the caribbean, go to the virgin islands, u.s. virgin islands, stay out of mexico because the threat level is a red and it is very dangerous and don't go near the border towns to get that. >> john: derek maltz, always good to get your take on things. really appreciate it. good to see you again. thank you. >> thank you, john. >> sandra: and i'll tell you, sandra, going back to mike and still in my mind see the photographs that he sent me. some of them were from mexico, some were from columbia. they are horrific, what these cartels due to their victims. >> sandra: absolutely, bill barr has talked about this, as well, following the money trail and the massive amounts of money these hotels are making and raising. it's been decades, john, where there has been a money trail
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right here in the united states. money laundering, arrests of americans helping them launder that money. huge investigations into what exactly their plans are to do with that money. both here and obviously in mexico, john. >> john: you have seen the cartel influence map on fox, literally every state in the nation has some sort of cartel influence. we will talk more about this with sunder tom cotton in the great state of arkansas coming up in our next our. >> sandra: absolute the, looking forward to that. meanwhile, the select committee the coronavirus pandemic kicking off its first meeting on the origins of covid. republicans ramping up their search for answers on the lab lee cleary and dr. anthony fauci's role in trying to disprove it. mark meredith on that live at the white house for us. markham hello. did lawmakers determine where exactly covid came from? >> sandra, good afternoon to you. dr. anthony fauci was not at today's hearing, but certainly his name and his previous comments were part of the discussion, as lawmakers are questioning if he and other top
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government officials try to dismiss the lab leak theory early on as the virus was first spreading. today's hearing featured testimony from the former director of the cdc as well as multiple public health experts, including professor over at johns hopkins. there is no firm answer, but plenty of reason to speculate china may bear responsibility for the last three years. >> while the question of pandemic origins remains open, there can be no doubt that a research related origin remains a very serious possibility. if not a distinct probability. >> the white house was asked about this over the last few days. they stay it is still an open question about how the virus first spread, despite other government agencies including the deferment of energy and fbi already coming to the conclusion that it likely came from a lab. lawmakers say they have reason to suspect top government officials try to discredit the lab leak theory, even going back to early 2020, the former science editor at "the new york times" in an outlining why he suspects this year economic theory was not given much attention back then.
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>> the evidence for the lab leak is so strong, why do so many people still believe the virus came from nature? the reason is that the natural origin camp got its story out first, always a big help. it very successfully painted lab leak as a conspiracy theory before anyone in the public opposed it. >> experts say there would be one easy way to determine a lot of what happened and that would be for china to be more forthcoming as the world and the u.s., of course, tries to investigate exactly what happened. sandra? >> sandra: mark meredith live at the white house. brad wenstrup will be joining us coming up. the republican from ohio. obviously, this gives americans, john, a front row seat to lawmakers having a very open discussion about what we knew, when we knew it, and ultimately, what caused this? >> john: isn't that interesting and isn't that different that we are having an open discussion about it? i remember well in the spring of 2020, anyone who mentioned the
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lab leak theory was dismissed as a crackpot. >> sandra: canceled, yeah. >> john: even covering the debate and my twitter responses blew up with people calling me a tinfoil hat conspiracy theorist. well, now -- >> sandra: times have changed. >> john: imagine that. president biden's chaotic exit from afghanistan is the focus of another house hearing happening today. some critics pointing to the president's "stunning failure of leadership" for the fall of kabul. we will get reaction from congressman when struck on how they hold it mr. risch accountable. >> sandra: by band biological males from competing in women's sports. up the fairness. katie pavlich takes that on next. >> we just want to protect what was passed in title ix, if men are allowed to compete against women, there is no way women are going to be able to win. ♪ ♪ payments? pay off your high-payment car loan
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♪ ♪ >> sandra: a house subcommittee is holding its first hearing on the origins of covid. lawmakers sparring over the possibility of a pandemic may have started in a chinese lab and leaked out to the rest of the world. ohio republican congressman brad wenstrup is the chairman of the house subcommittee that held today's hearing and joins us
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now. congressman, thank you very much for joining us. what are we learning? and are we getting to the bottom of this? >> well, we are getting closer and closer to the bottom of this. there is so many things to consider as we are looking. one of the things that was on so many people's minds is why was the lab theory dismissed by the administration and the scientists at the top my people at nih and dr. fauci? why were they so against talking about the lab as a possibility when at the beginning that was a very clear possibility? we have seen some things coming out that say, what scientists says, it is engineered, three days later they come out and start to write a story called proximal origins that said oh, definitely came from nature, so that is one problem, but we also really today start to discuss why it is very possible it came from the lab and who was behind it, where we funding it? not only that, one of the
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possibilities this is something they may have been working on, not necessarily for good things, but for nefarious reasons, may be associated with their military. a lot of those conversations came out. it was very interesting to hear how dr. redfield from the cdc, he was the cdc director when covid started and dr. fauci and others boxed him out of the conversation because he felt it might have come from a lab, and they were called all kinds of names, so we also have dr. mezzo, who is a democrat, who was also picked up on because he felt it may have come from the lab, but one thing we came away with as positive, everyone agreed it is important for the future of america and our national security and our national health that we try to discover the origins of covid because if we don't it will be very difficult to prepare or predict and actually protect ourselves from the next pandemic that may be coming down the way. >> sandra: you mentions dr. redfield, here he is in that hearing calling for the end to
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gain a function research. here is dr. redfield. >> many believe that gain-of-function research is critical to get of head of viruses by developing vaccines come in this case i think it was the exact opposite. unleashing a new virus on the world without any means of stopping it. have resulted in the deaths of millions of people. because of this, it is my opinion we should call for a moratorium on gain-of-function research until we have a broader debate and we come to a consensus at a community about the value of gain-of-function research. >> sandra: so there he was calling for a moratorium on the gain-of-function research. we have a broader debate. that broader debate is happening in congress right now, and it is great this was an open discussion, front row seat for the american people to see this discussion happening, congressmen, but great concern from americans that you are not going to get anywhere with this. is anybody ultimately going to be held accountable?
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dr. anthony fauci, if he was not transparent about what he do in the beginning of this, is he going to be held accountable? is china going to be held accountable? >> that is what we want to do and we have to start somewhere. today was actually a very good start. you have to follow the facts, you have to follow the breadcrumbs, and you have to follow the money. i sit on an intelligence, as well, i have been seeing things and studying this for the last two or three years and i will say many of the breadcrumbs lead to the lab, where very few actually leaked to nature, if any. we have to continue this, if we don't do it, no one will, so accountability, i certainly hope so because we have seen too many times where people within our government are doing things they should not be doing it or not held accountable. we intend to do that. but at the same time, let's hold china accountable. the end of the day with this committee, i want us to be prepared and predict and hopefully prevent the next pandemic, as part of it, but the accountability has to be determined along the way so that we do things better. >> sandra: i think a lot of folks are watching and waiting
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for some accountability to actually happen, so we will continue to watch what develops from that. meanwhile, the house foreign affairs committee is also holding its first hearing, congressman, into biden's chaotic exit from afghanistan. this is just some of the testimony from that afghanistan hearing. it starts with a marine who was hit in an explosion during that chaotic withdrawal. listen here. >> then a flash, pressure, i am thrown 12 feet onto the ground, but instantly knew what had happened. i opened my eyes to marine's dead or unconscious, lying around me. speak up and over 80% of the afghans who stood by outside great risk to themselves and their families believe remain left behind. >> some afghans tied to kill themselves on the razor wire in front of us. they thought this was preferable to the taliban torture they faced. >> sandra: heartbreaking to hear so many of those stories of the withdrawal. congressman, where is congress
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getting this for those folks? >> we have to make sure we take care of the people who were there but i have to tell you, as an army reserve sergeant, i was called in at walter reed when that evacuation happened, and i was called in to help treat some of the wounded in the operating room. we did everything backwards there. we did things in reverse and certainly lost lives as a re result. in his testimony there, in a bipartisan fashion, we as veterans were putting forward bills to speed up the process to get those that helped us out of the country because we know that they stood by us, they lived with us, they died with us, and we owed that to them. that was a promise we made to them, and we got that up to the state department, secretary blinken, and you know, none of it was done that i can attest to, none of it, left them behind it also left americans behind and american equipment behind. there has got to be accountability for this, and i
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think at some time it is really important for leadership and the military to tell the commander in chief that this is not a good idea and i don't think we should go through with it and if that was done, why didn't the commander in chief go through with it anyway? who does not have the military experience that the others do. >> sandra: those voices are so very important for those responsible to be held accountable, including those who just heard, so many of those volunteers who assisted in that evacuation. congressman, thanks for joining us today. appreciate it. john? >> john: sandra, fed chair powell warning inflation hikes are on the way as rampant inflation persists. is at the right strategy or tipping the u.s. economy into a restrrecession. to be 25 and larry kudlow to wait end. >> sandra: chuck schumer says he will join the more moderate members of his party teaming up with republicans to vote down
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the controversial d.c. crime bill. democrats starting to realize rising crime is likely to be a huge issue in the 2024 campaign? katie pavlich is here on bad. >> our democratic friends are not getting off the hook this easily. they are not going to be able to duck the heat of the violent crime surge to which their policies, rhetoric, and political movement have directly contributed. ♪ ♪
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>> sandra: 23 suspects charged with domestic terrorism facing a judge in atlanta after a far left activists were accused of attacking police at the sight of a proposed public safety training center. charles watson's live in our atlanta bureau for us. charles, have any of the defendants been released? >> good afternoon, sandra. so far only one defendant has been released. in fact, the rest will be remaining in lock up after the judge denied bond for nearly evy defendant. judge that a lot of these folks posed a flight risk because a lot of them live outside the state, and she also said they could be a danger to the community as they are accused of attacking officers with rocks and explosives in a coordinated attack on a planned police training facility in atlanta. the only defendant the judge granted bond to was thomas webb jurgens, a lawyer for the
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southern poverty law center. >> i can't stand here and say a witness saw him throw something in particular. >> we have liars who commit all kinds of crimes, unfortunately pure i'm going to set bond at $5,000. >> the southern poverty law center claims jurgens was at the scene of the cop city attack but only as a legal observer on behalf of the national lawyers guild. today, george attorney general chris cars said george norma jurgens and all of the other defendants will get there day in court. >> i appreciate the approach the court has taken in this. that is part of the issue, we had i and individual who was arrested in december, bonded out, a police car was lit on fire. >> so the national lawyers guild is known to have their legal observers where neon green hats while attending situations like we saw on sunday. security video does show at
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least two people wearing neon green hats, although it is unclear whether either of the people pictured here are jurgens or affiliated with the guild. next, sandra, a lot of these defendants will have their preliminary hearing. at those hearings, they will get the opportunity to appeal the judges bond decision. whether they will get out or not is a question that is yet to be answered, sandra. >> sandra: charles watson live in advanta, thank you. thank you. speak on the d.c. crime bill, how are you going to vote, and w to democratic leaders in the white house so badly bungled this? >> i'm going to vote yes. it was a close question, but on balance, and voting yes. next, next, go ahead. >> john: senate majority leader chuck schumer saying he will vote with republicans to kill the controversial d.c. crime bill would have reduced maximum penalties for burglaries, robberies, carjackings. katie pavlich, town hall,
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fox news contributor. democrats are freaked out of this idea being tied to soft-on-crime policies as we had to 2024. >> politically, this is not a good issue for democrats. they hopped on board with the defund the police movement, crime skyrocketed across the country, and they are being held accountable for it at the polls. in chicago with lori lightfoot who did not take crime seriously in her city getting the boot there. the bottom line in washington, d.c., is that it is the capital of the country. it is the capital of the united states of america. every person in this country should be able to come here, walk around, see their monuments, walk past the white house, walk around capitol hill, and be safe vehicle right now, they are not, and the lead up to this lee piece of legislation the city council passed, carjackings and other crimes go through the roof in anticipation that these criminals would not be prosecuted. they tried to save face by putpulling it back, thinking thy would not go forward with the vote. president biden even said they were not going to veto this, so they have had this political
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problem where they are saying d.c. should be a state, but at the same time, we are going to decide we are going to override your insane crime laws, which only put at risk not just the citizens of washington, d.c., but the citizens of the country and their capital city. >> john: democrats across the country saw what happened to lori lightfoot. not going to happen to me. the house g.o.p. is advancing a bill that would ban biological males from competing in women's sports. virginia foxx is the chairwoman. here is what she said. democrats and the left are promoting dangerous gender politics that allow biological males to compete against female athletes and deprive them of opportunities to excel. i remember when title ix was passed. women did not have the same opportunities to pursue athletic excellence and scholarship as amended and lawmakers on both sides of the aisle recognized this as deeply unfair. evidently, the fight for fairness is not over. >> well, the majority of the people in this country do believe that this is fundamentally unfair.
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all of the polling shows that democrats and republicans in the majority believe that biological men should not compete in biological women's sports. now, there is conversation about creating a separate category, but when it comes to biological men competing against women, we have seen scholarships get taken away, we have seen records broken in an unfair way, and al, this is not just about competins about having biological men inside of women's locker rooms come inside of their private spaces, and not giving consent about that kind of behavior, so clearly, title ix is not enough, as we are seeing this problem pop up in states all across the country. some states have put this issue to a valid vote. it has failed in places like ohio. michigan is about to pass a bill that actually does the opposite, it does allow biological men to compete against women, so this is a federal bill that takes on this issue of extending tit title ix, very distantly determining it is based on a person's biological sex and genetics at birth. >> john: the idea that women have to fight to have an equal opportunity to compete in women's sports is unique to
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women. it is unique to females because you are not hearing about men fighting to have an equal opportunity to compete in men's sports. we talked to former university of kentucky swimmer riley gaines, here is what she told us. >> all of these state bills that are being passed, everyone who is arguing opposition of these fairness in women's sports bills, they are talking about trans women being able to compete, and it is because trans men, they are not under jeopardy. the men's category is not under threat. it is the women's category that is under threat. >> john: this really is a one-way street, but if you oppose it like riley gaines does, you are branded so many horrible words. >> i think on international women's day and for women's history month, it is quite appropriate that republicans are working to try to find some solution to keeping males out of women's sports when it comes to them protecting their rights to earn scholarships come to compete fairly, to be in their locker rooms without men invading that type of space, it is something that is certainly up for debate
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and being debated all across the country, and has real implications for students who want to win those scholarships and records have been broken repeatedly by biological men in women's categories and we have seen it from the high school level all the way up until the professional level, so it is going to continue to expand and they are trying to find a solution. >> john: not to get too graphic about it but riley gaines described being in the same locker room as leah thomas, and full mail -- >> that used to be considered sexual harassment, to say the least. >> john: sandra? >> sandra: shocking new video of a restaurant ransacked in new york city by a mob so big the staff could only watch in horror. the latest on the search for those teens who did that. >> john: and land disputes between native americans and the u.s., but why they may soon lose
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>> john: a dispute over compensation for land leaving thousands of wisconsin families virtually trapped here for the owners of 21 homes and businesses say they are stranded after the lac du flambeau band of the lake superior triple tribe blocked roads in and out of the area. senior correspondent mike mike tobin's live in lac du flambeau, wisconsin. what is the tribe asking for here, mike? >> well, they are asking for compensation for the use of the roads, works out to about six to five families to who moved to northern wisconsin with a carefree life, now at risk of being stranded due to this confh the chip for tribe. the tribe indicates that this is about respect vehicle writers
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have noted this is really abouth the relationship with the indian tribes federal government and local government. the dispute boils down to this, nontriple residents of the town lac du flambeau live on the other side of the reservation. they had an easement to use roads, that expired ten years ago, the tribe asked for compensation. the tribe barricaded the road at the end of january. they have been hiking taken snowmobiles across the frozen lake to connect with society but the lake is stalling so they could end up stranded soon. >> first week, i get it. make a point. going on day 35 or 36, it is really getting old really fast. >> have two, maybe three weeks left we will be able to cross the lake safely. my house will be worth zero. when the world want to buy my house and have to go through this in 25 years?
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>> the president of the lac du flambeau band of the superior triple indians says they have given up millions of acres of land over generations and the reservation here is all they have left. republican congressman tom tiffany represents this district fearfully calls the blockade extortion and thinks the biden administration as well as government know my tony evers should step in and get the tribe to drop the barriers and start bargaining in good faith. a big setback this morning i'm applying for a restraining order that would take those barriers t rejected the temporary restraining order. john? >> john: we will keep watching the situation. mimike tobin in the snow in lac du flambeau. >> sandra: setting the table for higher and possibly faster rate hikes. can the fed rein in inflation without tipping us into a recession? we will put that question to grover norquist next. ♪ ♪ >> john: plus, a growing
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number of republicans say president biden must take military action to fight the cartel violence along our southern border. but is not the right strategy? arkansas senator tom cotton will explain how he believes the u.s. could destroy and bankrupt the cartels coming up. >> these cartels don't care as far as who they are dealing wite and who is coming across. ♪ ♪ rsayment emonth? car loans can be expensive, and the payments high. consolidate that car loan into a newday home loan and save hundreds every month. ♪ when pain says, “i'm here,” ♪ i say, “so are they.” just one aleve. 12 hours of uninterrupted pain relief. aleve who do you take it for?
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>> you have also said high or longer. is that still the case? >> yes, and as i said in my testimony, we look at the data since january and also the revisions to the november-december inflation data and they suggest the ultimate level of interest rates is higher than what we expected. >> sandra: as millions of americans continue to struggle, to pay for the basic needs for their families, they are also struggling to pay off credit card debts that are on the rise. federal reserve chair jay powell is morning the fight to rein in inflation might take longer than expected. let's bring in grover norquist, president of americans for tax reports. grover, i have been looking forward to this segment. please bring us up to date on what is happening here. the market seem to be killing jay powell to back off, using
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more aggressive language about raising interest rates even further, raise the rates even faster, so he has markets sort of spooked here. give us your top line dots here on what is going to happen next because this is affecting every american family. >> well, it is not fair to blame or credit powell. the inflation he is trying to combat was created by the trillions of dollars, the first $2 trillion biden spend and then the 1.7 trillion he added to that on top of more spending, so this tsunami of cash, which makes everybody's dollars worth less, is what powell is trying to fix. however, the president with his new budget continues to spend more and adding to that, he is raising taxes. when you raise taxes, you actually increase the cost of all goods and services in the country, and you make the price of goods and services go up.
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the kinds of taxes that biden is putting out our taxes that reduce the value of companies. the buyback tax, china does not have one of those. we do now. companies want to invest in themselves, which is healthy and good, actually have to pay a fee to do so, making the value of your 401(k), your ira, worth less. the policies across the board that the biden administration taxing, spending, the regulatory regimes, the attacks on the production of energy, raising the cost of energy, simply by not letting people get permits to look for more energy, as was done in the previous administration, where lots of new energy came online in the united states. >> sandra: just so you know, karine jean-pierre just had a briefing at the white house, and she is talking about more taxes, going to bring in more revenue, she says there is going to be more revenue for quadrupling the tax on stock buybacks in this
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country. she brought up tax increases on anybody making over $400,000 a year. by the way, that includes households, that could be a couple jointly making that amount, that will see their taxes go up, so that is the discussion you have at the white house right now, but grover, explained to me this. there are still segments of this economy that are just on fire. you've got the wealthy header doing very well, restaurants are packed, real estate mean heating value in a lot of parts of the country right now. it seems to me, the lower caste getting hurt most by the inflation prices. are they able to rein this in? >> not doing any of the things biden is either doing our promising to do, as a matter of fact, he is opposing doing all of the things that might free that up. when they had the shutdowns and people stopped working and that a great deal of welfare spending, paying people money, are not working, when they're not working.
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and a lot of people for whom going back to work with the inexpensive project because thee money, food stamps, flowing in and around, people who should be back at work are not, and that leads to all sorts of chal challenges, including worker shortages at a time when a lot of people have left the workplace, rationally, because there is free money to be had from all of the spending programs at biden and the democrats have increased. >> sandra: and i think people have to realize that historically, you have to see unemployment go up to get those high prices that shouldn't have happened in the first place to get them down and powell did not rule that out. he said "the fed's fight against inflation was very likely to come at some cost to the labor market. the question is just how high will that cost be?" grover, good to have you here. thank you. >> good to see you. john? >> john: sandra, the crises
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piling up for a transportation secretary pete buttigieg. just years ago, he was considered a democratic rising star, but has he already peaked politically? byron york argues that he has and he will join us to make the case. plus, senator tom react to the bombshell hearing, larry kudlow on inflation, and a rhode island mom saying she is being harassed by a local teacher's union just for trying to get some answers about her kids school peer of all of that and much more as "america reports" rolls on. ♪ ♪ today, everything costs more: gas, groceries, cars. we all need cash in the bank to stay ahead. well here's great news for veterans who own a home. home values have climbed to near all-time highs, too. that means the cash you need is right there in your home. newday can unlock it with the newday 100 va cash out loan. it lets you borrow up to 100% of your home's value. not just part of it like some other loans. pay down high-rate credit card debt, consolidate your second mortgage and car loans, and have the security of cash in the bank.
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