fox business correspondent hillary vaughn is here with us at best buy in rockaway.eah, a lot of people have said i'm going to shop online because i don't want to deal with the crowds or the chaos. the pandemic changed that. black friday is back. a lot of people had to spend christmas shopping in quarantine. so we've talked to a lot of shoppers that say they're taking part in this tradition for the long time. >> i wanted the experience. i didn't want to do everything online. i wanted the holiday feel. >> have you seen higher prices than normal? >> a little bit, yeah. i think going to the store, i can get a better deal than paying the shipping, handling. i like going to the store. >> the national retail federation says two million more people will shop on black friday than last year. 108 million shoppers total 64% of which will shop in the store as opposed to online. that doesn't mean there's not challenges facing shoppers. supply chain bottle necks delaying deliveries. people are crossing off items early on their list. >> i think that honestly, many of the sale price

>> bret: hillary vaughn live on the hill. hillary, thanks.e told the progressives are still meeting. there have been phone calls with president biden. so far there is not a break here. and still stalemate. lawmakers are demanding answers tonight over the news that the biden administration is pursuing a controversial plan to pay millions of dollars to illegal immigrants who were separated from their families as they attempted to cross into the u.s. white house correspondent peter doocy asked the first question about that to president biden. he has an update tonight. >> president biden was against cash payments for illegal immigrants. >> that's not going to happen. >> as biden officials defend money for illegals separated from family members under the trump administration. >> we're in this place that we are today is because we had an administration that had inhumane, immoral policy that was taking babies away from their families, from their mothers. >> republicans see a flip flop or worse. >> many times president biden tells us one thing that d

hillary vaughn is at capitol hill with more. hillary?orter: liz, even though the youngkin win in virginia was a big loss for democrat as lot of lawmakers we talked to today are not rethinking their plan to shove through a multitrillion dollar massive government spending package with no republican support. even those up for re-election in 2022, like senator blumenthal tells us democrats need to double down and deliver. >> i need results that i can show the american people that congress can deliver. is it results that americans want? if progressive policies are popular why did they elect a republican governor. >> it is not about progressive and conservative labels what people can see with their own eyes. reporter: give you pause people are rejecting more progressive policies. >> i don't believe they are. i don't believe it at all. reporter: moderates and progressives are more dug in. they are plowing forward with spending package. paid family leave is going back in the build back batter bill. moderate the vote joe manchin was against the i

fox business correspondent hillary vaughn is in rockaway, new jersey, tonight to tell us what she ising. >> black friday is back, holiday shoppers tired of being cooped up in quarantine last christmas, this christmas are crossing off their christmas list early and in person. i wanted to get out and get the experience, i didn't want to do everything online i wanted to get that holiday feel. >> that's part of the whole christmas experience, the month leading up to it, not just sitting on the computer and ordering. >> today is the official kickoff to the holiday shopping season but it looks different, door buster deals that people used to camp out overnight to grab are the ghost of black friday passed. several retailers stayed closed on thanksgiving instead of a one-day stampede of shoppers this season, it's been a steady flow of sales. business is trickling out deals weeks before thanksgiving. the national retail federation says more people are shopping in person this year, 64% of shoppers are expected to be out and about today, that doesn't mean that there aren't some thanksgiving sho

hillary vaughn in washington with much more. hillary?eporter: speaker pelosi says the department of defense needs to reduce their dependence on fossil fuels. she agreed at a climate conference in scotland with a question who made the case the pentagon is one of the biggest polluters in the world. >> the pent gone is a larger polluter than 140 countries combined. >> we recognize that as well. big user fuel. >> the department of defense announced that military vehicleses are going green. not just non-combat cars and trucks but also tactical vehicles will go hybrid using a mix of fossil fuel and electricity. retired general ron spaulding a former b-2 stealth pilot, even if the u.s. military were to go green, our ad very rarelies and china and russia are not worried about their carbon boot print. >> not only they do not care about the carbon footprint of the military, they don't care about the carbon footprint. we're supposed to be the ones to defend i like to see how long it would take to charge an electric tank. john kirby was asked by our

hillary vaughn has more. hillary. reporter: liz, dr.rova is trying to take back her past comments that she made like calling the banking industry a quote, a-hole industry and saying it would be a good thing if oil and gas companies would go bankrupt. >> you said at least we want them to go bankrupt if we want to affect chime mat change. >> i'm sorry i misspoke. reporter: some republicans say it is not just her past comments and published positions but her time growing up in the soviet union that are all red flags but some senate democrats say this is a smear campaign pushed by big banks that are scared. >> the attacks on your nomination have been vicious and personal. we've just seen them. sexism, racism, pages straight out of joe mccarthy's 1950s red scare tactics. it is all there on full display. welcome to washington and 2021. reporter: omarova made the case her politically charged comments in the past don't have anything to do with the duties of her job as comptroller of the currency but senator kevin cramer told me after the hearin

the read on how that went down with hillary vaughn on capitol hill. hi, hillary. >> hi, neil. the line that inflation is temporary, it's transitory is getting thrown out with the trash today. jerome powell admitted to lawmakers calling inflation transitory is not the best way to described the crazy high prices that americans are experiencing every single day. he also said inflation right now is close to checking off of the boxes the fed needs to see in order to hike interest rates in response. he admits calling it temporary isn't the best way to describe it. he probably said it's a good time to retire the word "transitory" instead. he painted an ominous picture of the recovery that we're experiencing with the omicron variant spreading saying he thinks it could make people not want to show up for work and could have a negative drag on the economy. >> we'll know something within a week or ten days. then and only then can we make an assessment of what the impact would be on the economy as i pointed out in my testimony, for now it's a risk. >> i'm a bit worried the administration

hillary vaughn with much more. hillary.ter: liz, americans are being hit with high prices around the country but house republicans today say democrats are too concerned about supply chain issues with green energy in the future instead of focusing on what is impacting americans with the supply chain right now. >> instead of holding a hearing how we can fix the supply chain crisis, fix higher energy costs unprecedented inflation, we're here to talk about the clean energy supply chain this strikes me as a bit of a joke. president biden is doing everything in his power to make energy less affordable and harder to come by. reporter: president biden is trying to make green energy affordable though, dumping taxpayer dollars into green energy and products into the bipartisan infrastructure teal he signed into laws but billions in taxpayer cash could be going overseas if the u.s. does not have the supply and manufacturing here to meet the demand. >> this also is a national security issue. you can't rely on on china to build our nati

hillary vaughn has the story.orter: the president is very clear, he thinks his social spending plan costs zero dollars but estimates released from the cbo this week foreshadow some of his math is not adding up, like the extra tax revenue they would bring in catching tax cheats. the cbo says it is closer to 120 billion in revenue, not 400 billion biden was betting on. so now the white house is turning around and attacking the non-partisan congressional budget office's credibility an ability to do their job. >> there has been wide agreement on the part of everyone involved, moderate, liberals, et cetera, that cbo does not have experience analyzing revenue amounts gained from cracking down on wealthy tax cheats who are taking advantage of every honest taxpayer. reporter: but the cbo says they actually do know how to do that. the former directing everyone reminding why congress created them in the first places saying this, quote, perhaps the most important thing to know that the cbo exists simply because congress deci

hillary vaughn has a story.id: the line that inflation today is temporary and is transitory is getting trashed today. inflation right now is supposed to check off all the boxes that the fed needs to see in order to hike interest rates in response. powell calls it temporary is it really the best way to describe the crazy high prices americans are seeing every day and could still see until summer. >> is a good time to retire that and explain more clearly. we indicated that inflation pressures will linger into next year. you do stand by that? >> that's our expectation but what is happened the date has been pushed out repeatedly as supply-side problems have not really improved. >> chairman powell painted a picture of the recovery with the omicron covid variant spreading, he thanked people won't want to show up to work because of it. >> the emergent of the variant post downside risk to the employment and economic activity and increased uncertainty for inflation. >> i'm a bit worried that the administration has a poli

hillary vaughn is right there watching the action. ke representative henry cuellar of texas said, wait a minute, hold on, where do we stand? what do you think's going to happen? >> reporter: here's the problem, liz. just moments ago we did get a statement from the congressional progressive caucus. progressives are essentially in a standoff with moderate democrats. moderate democrats want to hold on to this vote on the social spending package until there's a cbo score so they actually know how much it's going to cost. progressives are fine to move ahead with that. but now that there is this news that there was just a vote on the rule for the social spending package and then actually pass the infrastructure bill, like you said, delinking those, progressives are saying no to that. they have about 90 members in their caucus, so this really is a numbers game here. their chair, congressman pramila jayapal, said this just moments ago: if our 6 colleagues still want to wait for a cbo score, we would agree to give them that time after which poi

the great hillary vaughn will be

let's get to hillary vaughn, for the up to the minute assessment of this d.c. pitol hill. hillary? reporter: liz, that's the big question for speaker pelosi right now. earlier today, she signaled that she did want to try to make it happened to, to have a vote on president biden's big social spending climate spending package. she even had the top vote counter, house majority whip james clyburn seeing if they have enough democrats on board. pelosi can only lose three democrats to get this bill through, through the reconciliation process, but the bottom line is, she expressed major disappointment and regret among her own members today, for not acting on the infrastructure bill by the deadline that she asked for , which was essentially halloween. >> i really was very unhappy because we had an october 31 deadline, and i thought that that was eloquent, but not enough, i guess, so now we're going to pass both bills but in order to do so, we have to have votes for both bills, and that's where we are. reporter: and where they are just this afternoon, liz, we got a chance

let's get the latest right now from hillary vaughn on what we can expect post this drubbing for dems as they like to say. hillary. reporter: hi, neil. some moderate democrats in congress are waking up today hoping what happened in virginia is a wake-up call for those wrestling within their party for a push towards more and more progressive policies. >> i think it should be a call to all of us to be more attentive to the people back home. people have concerns. people are concerned, very much so. for us to go down a path we've been going trying to accelerate it, it has been slowed down. i think we need to take our time to do it right. reporter: but democrats aren't backpedaling. they're going full throttle, speaker pelosi announced paid leave is going back in the build back better bill despite opposition from some moderates like senator joe manchin who don't want to put it in. progressive caucus chair pramila jayapal she does not think progressives stalling biden's agenda, holding infrastructure package hostage that democrats did not have much to campaign on. some senate democrats told

hillary vaughn has all of that for what are we hearing?ers think the analysts or experts, outside economists, and the joint committee taxation report that is out should be enough on the table to get moderates to a "yes." >> i think where we are is we can't rush the congressional budget office. we've been rushed. but the point is i just feel comfortable that there are sufficient documentations, numerous document tatian. >> but some of the documentation out there says this package is far from paid for. the budget model says the real cost, if the social programs are made permanent, is over $4 trillion. house republicans say today that democrats cannot be in denial and turn a blind eye to the price tag that could potentially add trillions to the debt. >> with the wharton school is saying, that the president is nt telling the truth, that the bill does cost. it costs $4 trillion. there's a reason why they want to run the bill through without having a congressional budget office tell you how much it costs. there are gimmicks behind this. >> speak

hillary vaughn has more from capitol hill. hillary? >> hi, neil.h high prices across the country. house republicans are criticizing their democratic colleagues saying they're too worried about a green supply chain instead of the chain issues impacting americans today. >> now instead of holding a hearing to examine how to fix the supply chain crisis, deal with sky rocketing energy costs and inflation, we're here to talk about the clean energy spline chain. this strikes me as a bit of a joke, president biden is doing everything he can to make energy less affordable. >> president biden is trying to make green energy more affordable. dumping taxpayer dollars into green energy. the republicans are worried the mean could be going overseas if the u.s. doesn't have enough supply to meet the demand. >> we cannot rely on china to build our nation's infrastructure. it's the wrong way to go. we need reliable supply chains and we need to recognize the need of the american people. >> the united steal workers union said they had been promised a green job over two

hillary vaughn on capitol hill with what this is all about. hey, hilary. >> hi john. to get away from using gas. >> the clean enemy economy is the surest way to reduce energy costs over the long term and to ensure reliable energy and the face of volatile fossil fuel markets. >> but clean energy product producers one lawmakers say that billions of taxpayer cash that president biden set aside for a clean energy in his infrastructure bill could be going overseas if the u.s. does not have the supply and manufacturing here to meet the demands. at the international vice president of the united steelworkers also told the committee today that their workers have been promised jobs for decades but so far no one has delivered. saying, american manufacturing workers have a great deal of skepticism about what this will mean for their jobs. our union has had the green job the conversation with our members were almost 20 years now and for many of them that promise has not been realized. some republicans say today that democrats have been worried about the wrong thing. >> friends, wi

hillary vaughn, thank you very much. hillary on capitol hill. you! which she won't go away which is a good thing. phil wegman is here, he won't go away, the real clear politics genius, the white house correspondent. phil, let me ask you just maybe stepping back from all of this. are there the votes for this? do you think the votes are there whether it's paid for or not, whether you could do a lot with the math behind this , but that's what it comes down to, whether the votes are there. >> the votes haven't been there all year unless something changes, and we have seen at least from the white house they're continuing full speed ahead. we can look back in maybe a couple weeks, a couple months, maybe in a few years and we'll be able to say whether or not the president was on the right course by continuing to keep his foot on the gas, but one thing we can say with certainty right now is that the guy does not doubt himself and he's staying the course here when it comes to spending. remember, this is a president who didn't lynch when his advisors told

hillary vaughn has more. hillary.s been very clear from day one, his social spending package costs zero dollars but now that some of the estimates from the cbo are coming out that indicate his math doesn't really add up like money they would get from catching tax cheaters, the white house says they would get $400 billion from that, but the cbo says they are estimating they will only get 120 billion. the white house is turning around and attacking the nonpartisan budget office credibility and ability to do their job. >> there has been wide agreement on the part of everyone involved, moderates, liberals, et cetera, that cbo does not have experience analyzing revenue amounts gained from cracking down on wealthy tax cheats who are taking advantage of every honest taxpayer. reporter: but the cbo said this week they actually do know how to do that. >> people at cbo have been at treasury and vice versa. this is something that we're very, very familiar with and, and have a pretty well-established methodology. reporter: i talk

anyway hillary vaughn with the latest how that is going. hey, hillary.r: neil, the white house continues to insist this social and climate package, the build back better bill and the infrastructure package are popular. they say that the things are in it sell themselves and are tuning out polls that say the opposite but republicans eyeing to take back control of congress a year from now say democrats are being tone deaf. >> the democrats do what? they just proceed with their crazy legislation and they're going to pass the next bill too. of course they don't listen to the american people. this is today's left. they're smarter, they're better, know more than all of us regular folks and they will keep doing crazy things, the only way you stop them you beat them at the ballot box. reporter: the head of the dnc says they will blast the airwaves, once biden's full agenda, the two bills are signed together, so they have something to campaign on in the midterms. the message democrats want to get across that they delivered. >> we're going to double down even more.

hillary vaughn on how big a leap at the capitol. hi, hillary. >> hi, neil. president biden urgently pleaded with those in his party to pass this bipartisan infrastructure bill late last week. but he's not in a rush to sign it. instead, favoring the optics of a signing ceremony when congress is back in town next week instead of urging a signage to get shovels in the ground. >> he basically said he wants to make sure the congressional members that work very, very hard on this, when they come back, then we'll figure out a time to sign it. it's urgent. >> not on the guest list, members of the squad like alexandria ocasio-cortez who did not vote nor the infrastructure bill. instead, it got republican votes because it has a lot of bad stuff in it. she criticized biden's messaging tweeting messaging it as a solution alone will get us in to trouble. bbb contains the majority of the president's agenda. we must keep going and ensure promises are delivered. republicans are worried about the rest of the agenda. passing multi-trillion dollar social spending package with

hillary vaughn is on capitol hill with more on the push for changes to those plans. new jersey -- states like new york and new jersey are fighting for a s.a.l.a. cap repeal -- s.a.l.t. cap reeel. congressman tom suozzi tweeted a picture of his handiwork. they say it's harming new jersey's middle class families. no samt., no deal. s.a.l.t., no deal. that's why republicans argue that the democrats' claim that they want to tax the rich applies to everyone but not those this blue states. but some democrats are chiming in against this idea too. former obama economic adviser larry summers tweeting this: i'm certainly no left-wing idealogue, but i think something is wrong with tax pay payers -- when taxpayers like me are getting a significant tax cut in the democrats-only tax bill as now looks likely to happen. repealing the sam -- suspect a. -- revenue would need to be made up elsewhere if the cap is repealed, and the bipartisan committee for a responsible federal budget also found on friday in a release that if this s.a.l.t. cap repeal was included, essentially in this pla

neil: hillary vaughn in washington.rn coast of the united states, of course, getting the stuff off of those tankers and onto trucks is the problem here, not enough drivers, all of that. now ahead of veterans day, a unique idea. we see partners finding a virtual way to get this done led by a vet, no doubt. jack kennedy, platform science founder and ceo. this is interesting. tell me how this works. >> well, platform science provides what we call a virtual vehicle which makes it as easy for developers to create applications for vehicles as it is for your smartphone. so if you think about the days when you had a flip phone and you had two or three applications on it and how smartphone completely changed the way you live your life, we're providing technology similar to that so developers can solve all kinds of problems in the cab without any if additional hardware. neil: will it be -- some look at it in the future driverless, the technology is there to do that? >> well, driverless technology is certainly transformative for v

hillary vaughn is live on capitol hill with the latest details. hillary, can you explain this one?, lauren. the president says that build back better, his bill, will make child care more of a fordable. you're right, they are making the case people are not going back to work because they don't have adequate, affordable child care but when you look at what the build back better bill would actually do, some experts say some people will pay a lot more for child care than they are already. the center for american progress who says they don't meet the eligibility income in build back better for government subsidies for child care could pay as much as $13,000 more. here's why. the president biden would raise salary for child care workers trying to incentivize people to join the child care workforce. that would mean the current cost of child care, about 15,000, would rise to about 28,000 if salaries for workers went from, what is now an average of 25,000 a year to making over $60,000 a year. the people's policy project is blasting this idea saying it will impact some families, quote, there

hillary vaughn, thank you very, very much. i love it, hillary, you're chasing down senators to get their take. meantime you probably heard that the administration is looking into the possibility that maybe these high rocketing gas and oil prices we've been seeing owe to some rigging going on or cornering of market going on once the federal trade commission to look into it. my thoughts from mike summers, the american petroleum institute, president and ceo. doesn't appear to be that, that's the case right here. do you think this could be a little bit of blame shifting, mike, how would you describe it? >> yeah. sean, neil, i really do appreciate the time to be with you today. of course we are looking closely at this, very concerned about what the president announced yesterday. there have been investigations like this going on, really since world war i. they have never proven any collusion that has led to higher prices. we're really asking the administration to do what they should be doing, to be encouraging domestic production of

hillary vaughn in new jersey. what have you seen so far, hillary?d. so santa might have some competition under the christmas tree this year. mastercard has been tracking the in-store sales this black friday. they say in-store sales today are up 39%. compared to last black friday. so people are showing up in store a lot more than they were before. so it seems like this holiday tradition of kicking off the holiday shopping season today is having a revival post pandemic. >> see everyone out, just doing their thing. it feels like we're getting back to normal. >> having a good time, eating in the food court and doing all the normal stuff that we're doing. part of the whole christmas experience. the month leading up to it, not sitting in front of the computer. >> the national retail federation says two million more people will shop today on black friday than they did last year. 180 million total between thanksgiving an cyber monday. 64% will shop in the store as opposed to online from 50% last year. it's not perfect. a lot of shoppers say higher prices du

trillion more than that advertised figure, wharton doubles it and says more like 4 trillion but hillary vaughnorter: hi, neil. well almost a year into biden's presidency, a big chunk of the middle class says they actually haven't benefited at all so far from any of his policies. a new poll from monmouth university found that 42% of the middle class say they have not benefited from his policies, 36% of poor families say the same, even some democrats like senator joe manchin is calling it like he sees it tweet ing this , "d.c. can no longer ignore the economic pain americans feel everyday." inflation is a tax on everyone and it's the middle class and below that's hit the hardest but a look at inflation across the country right now. middle america is taking it on the chin. seeing states that are deep red in this map dealing with inflation, over 7% on some products and republicans say plowing ahead with massive government spending with a u.s. economy grappling with the highest inflation rate in over 30 years defies economics, and common sense. >> it's making the budgets tougher and what joe biden

hillary vaughn has the latest on all that from capitol hill. hillary? reporter: hi, neil.structure bill into law yesterday means that a lot of cash is being injected into clean and green energy products, and so house lawmakers are trying to figure out how to work the kinks consumers are experiencing in the supply chain so that they can meet this inflated demand for these products. >> truly energy independent, we should focus on building out the domestic supply chains for technologies that take advantage of fuel sources that aren't reliant on volatile global price fluctuations. reporter: biden setting aside billions to go to clean energy infrastructure like battery charging stations, but clean energy product producers are warning lawmakers today those billions in taxpayer cash could be going overseas, and not staying here in the u.s. if we don't have the infrastructure to actually support the clean energy transition that biden envisioned, but manufacturing workers are also worried they're going to be left behind, the international vice president of the united steelworkers t

hillary vaughn is live on capitol hill with the very latest. hillary?t is exactly what the white house is worried about because the president has promise the over and over again very publicly this plan cost zero dollars but some piecemeal estimates we're getting from the cbo released this week foreshadow some of the math is not adding up like the extra tax revenue they would bring in from catching tax cheats. the cbo says it is closer to 120 billion, not 400 billion that biden was betting on. so now the white house is turning around and attacking the non-partisan congressional budget office's credibility and ability to do their job. >> there has been wide agreement on the part of everyone involved, moderates, liberals, et cetera, that cbo does not have experience analyzing revenue amounts gained from cracking down on wealthy tax cheats who are taking advantage of every honest taxpayer. reporter: but the cbo says they actually do know how to do that. the former director reminding everyone why congress created them in the first place. perhaps this, cbo ex

hillary vaughn is live on capitol hill with the very latest. hillary.omarova really try to walk back some of those past comments republicans see as very controversial. those comments include saying that the oil, the banking industry is a quote, a-hole industry and saying it would be a good thing if oil and gas companies went bankrupt but she didn't have anything to say when we tried to ask her if she thinks her past is becoming a problem for the president. do you feel like your past comments are too much of a distraction for the president? omarova did address the controversial comments inside of the hearing room today. >> that was a poor phrasing, i admit to it. as i said, that was taken out of context and i actually misspoke. reporter: some republicans say it is not her past comments and published positions but her time growing up in the soviet union are all red flags for them but some senate democrats say her past and her past positions are proof that she is really up for the job. senator warren do you have concerns that dr. omarova said the banking i

i'm sure as hillary vaughn indicated there could be an infrastructure vote first and then a proceduralule on the build back better deal. but then again maybe not. i'm interested in this they do pass infrastructure bill, it will become law. that takes away leverage from all the far left progressives. and it looks like they know that they're in full rebellion. the procedural doesn't mean anything in terms, it's a social package. by the way while no one knows what this 2500 page monstrosity, it is rumored, here's the stuff coming out, things like reusing the salt deduction cap amnesty for illegals, welfare assistant for illegal immigrants, reparation for families separated at the border after coming here illegally. this new, snoop, snoop bank account scam and of course paid family leave and medical leave, that was put back in despite the fact that managing should rule it out. there are still virtually no work requirements for the social programs. and of course no one really knows what any of this cost because the congressional budget office hasn't scored it yet. kevin mccarthy said today,

hillary vaughn live on capitol hill with the latest. hillary., we did think it might finally be show time for binden's social spending package. speaker pelosi was really confident today. house majority whip james clyburn were confident and richard neal were confident. steny hoyer telling fox producer moments ago he is not confident they have the votes yet because there are still outstanding issues of house democrats of some of the proposals in the spending package. one of those decisions of course is over the price tag and whether or not this is truly paid for. part of this momentum that we heard from speaker pelosi because the joint committee on taxation did come out with their analysis, speaker pelosi said that score basically means the math checks out. >> it is a very solid -- people said it isn't paid for. people say a lot of things but this joint tax -- is objective. not democratic, it is not republican. it is objective view it is solidly paid for. reporter: but there is a catch. the programs in the package are only funded for a limited tim

hillary vaughn live on capitol hill with those details., if this plan passes you're right taxes are going way up. in fact it would catapult the u.s. into the highest taxes in the world surpassing countries like denmark and japan but some analysts say that these tax increases, while they will bring in more tax revenue, will ultimately hurt u.s. competitiveness. when you tally up the tax hikes on the federal, state and local levels the u.s. top income tax rate under this plan would rise to number one to 57.4%. additionally all 50 states in the u.s. would have a top rate on personal income that surpasses 50%. eight states would have rates over 60%. new york, 66%, and california 64 but even states with no state income tax like florida, would have a top rate of 51% if these new taxes go into effect. the tax foundation that did this analysis says this will have an impact on everyone, not just the super-rich, telling fox business this quote, there is no way to isolate the effect to millionaires or billionaire or unless the millionaire, billionair

hillary vaughn joins us from capitol hill.ent also specifically acknowledged that the 1400 stimulus checks through the american rescue plan in addition to the expanded child tax credit monthly checks that families are getting is part of the reason why a lot of people have a lot more money than normal and he says part of the problem is they don't have anything to spend their money on because of these supply chain issues and that is why it is adding to inflation. so far eligible adults have received $3200 in stimulus checks throughout the pandemic. a fourth stimulus check though is not likely but still some democrats in congress have been pushing for more government money n the spring they wrote to the president this, as you prepare your build back better plan for long-term economic recovery know we're ready to work with you in support of recurring direct checks and extended unemployment insurance benefits. there is not a stimulus check in the current version of the build back better bill but it hasn't pass #-d house yets and se

inflation taking a toll on black friday shopping but some big box stores are weathering the storm, hillary vaughning 108 million shoppers about 64% of those in store that is up from 50%, last year, shoppers are going in-store to get best deals between what is in store on shelves an what is online, some showed up in person to shop for presents worried they might not get it in time. if they ordered on line because pandemic is in past does not mean shoppers are is not facing new challenges this season higher price inflation for a lot of things, smartphones tv's electronics, appliances also some shipping snarls for stuff from overseas, companies like best biretailers dependent on electronic shipping have worked over time to make sure shelves are stocked for shoppers. >> do i my shopping only just out just to be out. but i know that supply chain is big issue i know we have a lot of -- demand, and supply is -- like, the shipping, going to take some time not that many truckerers willing to go out -- >> no, first time. >> mow is it. >> it's good i got what i wanted. >> feels good kind of like a lot of us

well, hillary vaughn is in washington d.c., and hillary?n. reporter: republicans say if you're going to double the amount of irs agents that can audit american taxpayers then american taxpayers are going to have a double chance that they are going to be audited. that's one of the criticisms from republicans on capitol hill , including the republicans on the house ways and means committee, who found that adding $80 billion to the irs budget to hire 87,000 new agents means the middle class and lower class income earners are going to have a higher chance of being audited they think that the proposal would lead to about 1.2 million more irs audits each year. they say about half of those are going to hit middle class families making less than $75,000 and they also think that about a quarter of these audits are going to hit americans making less than $25,000 per year. there is a big discrepancy between what the white house and the president think they're going to get in new tax revenue by increasing these audits. they are banking on $400 billion

hillary vaughn is with us. hillary, what are the chances this actually happens?ll, stuart, the president anticipated that he thinks these stimulus checks that he's been handing out are partially to blame for rising inflation because he said because of him people have a lot more expendable cash in their hands to spend. but that is not stopping democrats in congress from trying to pressure the president to include another stimulus are check and also enhancedded unemployment benefits. over 20 democratic lawmakers wrote a letter to the president in the spring telling him this: as you prepared your build back better plan for long-term recovery, know that we are ready to work with you many support of reoccurring direct checks and extended unemployment benefit insurance. over duration of the pandemic, there's been over $3200 in stimulus are payments paid out to eligible adults; $1200 in march 2020, another $600 last december and a $1400 check this spring. some states are looking at taking their own action. in california governor gavin newsom is pushing a golden state st

hillary vaughn my for us in new jersey, thank you. >> alicia: panic spreading worldwide over a newlyriant in south africa. so how are american officials responding as many countries in europe and asia shut down air travel from the region? dr. marc siegel will join us to discuss. plus, president biden frequently blamed former president trump while on the campaign trail for allowing so many americans to die from covid. "wall street journal" writer is here to explain why the president is regretting his rhetoric there. all that and much more in the next hour. your zone? lowering your a1c with once-weekly ozempic® can help you get back in it. oh, oh, oh, ozempic®! my zone... lowering my a1c, cv risk, and losing some weight... now, back to the game! ozempic® is proven to lower a1c. most people who took ozempic® reached an a1c under 7 and maintained it. and you may lose weight. adults lost on average up to 12 pounds. in adults also with known heart disease, ozempic® lowers the risk of major cardiovascular events such as heart attack, stroke, or death. ozempic® helped me get back in my type

hillary vaughn is at the made in america store in elma, new york. hillary. >> reporter: hi, david.america store here in new york, they do not have that same problem because everything is made right here in the united states. we talked to the owner, mark, today. he started with just 50 products from different vendors on the shelves. now they have over 10,000 products from american entrepreneur and mom and pop shops. >> the customer now, and china's the factory of the world. we've got to get back to building things, and everybody's got to look at what that product says. if it says made in china, put it back. make it an all-american christmas, coyour part. >> reporter: they also have a manufacturing facility across the street where they make things as big as trailers to things like this, fire pits and mailboxes. and even though they're escaping supply chain crunch, they are having to grapple with rapid hi rising inflation for raw materials like steel. >> you've got to tell a customer i can't tell you the price because we don't know. you can order the trailer and put money down on it o

suggesting beefing up the irs may not be the multibillion-dollar lifeline democrats are banking on hillary vaughnhey will come up with $200 billion short because the white house is estimating a $400 billion from beefing up the irs. that is realistically only $200 billion. republicans worry beefing up the irs means americans are going to get audited a lot more, biden is betting on part of this for his pay for the back better agenda by giving irs 80 billion and more funding for id 7000 more irs agents. >> the elements at agents making sure the irs has the tools to have americans pay the taxes that the area. these expert to decades of experience looking how the tax system works have said if anything there too conservative. if anything were likely to raise more revenue across time. >> house republicans say beefing up the irs means they will have to audit average americans to come up with the cash republicans same with the beef up irs one point to million audits will happen every year end half of those will be on americans making up to $75000 a year, even lower income americans with seymour audits acc

hillary vaughn has been following all of this in the next moves. >> he was asked if the president wasshe told reporters that still true they stand by that statement is being pulled up by house republicans today. according to the c.b.o. score. >> many said you're knocking to be no because you wanted to hold them accountable that it can cost money he's going to tell his children's children. >> it says the package will add $367 billion, that doesn't include extra revenue from ramped up irs, the c.b.o. says the irs will get about $200 billion in extra cash they still come up $160 billion short according to the c.b.o. i asked speaker pelosi about that today. >> how do you respond to republicans today that say democrats like the american public when they said this plan cost $0 when the c.b.o. says it adds $160 billion to the debt. >> let's not present what the republicans say that your predicate in a question on. let's understand what's happening. >> is not just republicans that are worried about the price tag, moderate house democrats were waiting for that before they can vote and some vot

hillary vaughn with more from capitol hill. >> president biden admits flooding the economy with freet assistant has contributed to inflation. white house economic advisor says today it is the way people are spending the additional cash that is throwing the economy out of whack. >> more workplaces that we can get covid free the more we can return to normalcy. more people will go out and spend their money at the movies rather than buying a tv at home, that is the rebalancing that we anticipate. >> eligible bejeweled have received $3200 in stimulus checks that the pandemic. a fourth stimulus check is not likely but democrats in congress have been pushing for more government money, they wrote to the president, as you prepare the bill back better for long-term economic recovery, know that we are ready to work in support of reoccurring direct checks and extended an appointment insurance benefits. there is not a stimulus check in the build back better but hasn't passed the house and the senate has a chance to make changes, there is cash for families, the beefed up child tax credit which giv

hillary vaughn is live on capitol hill with much more on this. hillary. >> hi, anita, a fox news poll last month found 87% of registered voters were either very or extremely worried about inflation and since then only got worse. republicans are making inflation in the top voting issue headed into 2022 targeting democrats that are up for reelection in the midterms, but some democrats are not talking about inflation at all, and some warned that that is the wrong gameplay for the party. an op-ed in "the washington post" warning this, when democrats tell voters they should stop whining about inflation, they do themselves no favors either. they must head into the midterms with a clear-eyed view of the economy as it is, not as they wish it to be. while the buy and an administration has evolved from brushing up inflation as just temporary, now they are saying the way to make it go away is pass the build back better bill trillions in new government spending for social programs and climate priorities. >> it's not economic science, because democrats listen

hillary vaughn following these fast moving developments on capitol hill. >> hi, neil, the white house biden's agenda through a congress this gridlock, that bipartisan infrastructure deal. but members of the squad like alexandria ocasio-cortez who didn't vote for it say the bill got republican votes because it has, quote, a lot of bad sufficient in it. and so the president's messaging about it is misleading voters saying this, quote: we can and should message this, that's the infrastructure bill, as a step, but messaging it as a solution alone is going to get us into trouble. wild back better, that's the social spending package if, contains the majority of the president's agenda. we must keep going and insure those promises are delivered. but republicans are worried about that agenda, the social spending package, with inflation rising faster than wages are rising, with no cbo score, no way to tell if it's fully pay for. >> let's assume they do pay for it. then that's taking hundred away from all the rest of -- money away from all the rest of us. and what they've done already is produce

hillary vaughn on capitol hill. ildcare more expensive for some families? >> reporter: yeah, it could, and that's because it's raising how much income these childcare workers are making which, of course, is going to make it more expensive. it also switches the system from a single-payment if, user-based fee, you're paying for the childcare that you're getting, to a co-pay system where if you are under a certain income threshold, the government picks up the rest of the tab, you simply pay a portion of the co-payment. but for the first three years, if you are just a little above the heed january this many, you're not -- median income you're not eligible for any of these subsidies, so the government is not helping you out. the expense it's going to increase is a lot. one group estimates that childcare costs could increase over $13,000 a year, that's from the people's policy project. they're also saying this about it, quote: there will be many dual-earning couples cannot afford childcare if both of them continue to work

listen to how she answered hillary vaughn. reporter: senator warren do you have concerned that dr. >> i think she was talking about many of the people who work in that industry. stuart: oh, well it was a good response. lauren: it was good. look, saule omarova called for shrinking the big banks, carving out a bigger role for the fed that crimps the private banks profits and makes them smaller that is exactly what elizabeth warren wants, clearly. stuart: okay. a fiery hearing, i believe just the other day, right? let's have a look at some of the movers start with williams s onoma down 3%? lauren: they are warning of product shortages lasting until middle of 2022 including this holiday season so it doesn't matter how good the earnings are, how strong demand is, you need product. stuart: hr departments use this workday software. down 2%. lauren: it's popular now because it helps companies fill jobs, right? they are also making an acquisition of a company that helps manage business tasks in the cloud the stock is down but one analyst points out it's a little bit of a breather that hit a

hillary vaughn on capitol hill.eleasing out little by little pieces of their analysis and one of the pieces that the white house had a problem with is how the cbo scored the irs enforcement pay-for. the amount of money they think they can get from catching people who are cheating on their taxes. the white house is banking on getting 400 billion from doing that but the cbo says they will get as much as 140 billion. so there is a big gap there. so yesterday the white house really pushed back on the ability and the credibility of the cbo. >> there has been wide agreement on the part of everyone involved, moderates, liberals, et cetera, that cbo does not have experience analyzing revenue amounts gained from cracking down on wealthy tax cheats who are taking advantage of every honest taxpayer. reporter: but the cbo came out yesterday and said they actually do have a lot of experience in that area. they have a lot of former treasury officials working underneath them who have that experience as well and the former director

let's get back to capitol hill where hillary vaughn has the latest on this gigantic spending bill. ght changes to the s.a.l.t. cap repeal or raising of the cap deduction overnight. and this was a move to satisfy new jersey and new york democratic members. and, essentially, secure their votes because speaker pelosi can only afford to lose three of her democratic members on this social spending package vote. the s.a.l.t. cap right now is capped at $10,000 for state and local tax deduction. they're raising that now, the plan is to raise that to $80,000 so people can deduct a lot more from their federal taxes from their -- their state and local taxes from their federal taxes, $80,000. that satisfied the s.a.l.t. caucus, essentially, but there's still issues that are unresolved. moderate members are very upset there's not a cbo score. the text was not finalized until last night, that violates the rule of 72 hours that they wanted to see and get to look through and read line by line the text. that's not happening. but also the argument over whether or not this is adding to the deficit and

record after speaking more than eight hours on capitol hill longest speech ever fox business hillary vaughnis vote from happening but they don't have to take it sitting down so house minority leader kevin mccarthy stood on house floor all-nighter giving longest speech ever breaking speaker pelosi's own record. >> madam speaker -- this one minute field almost like eight hours now. >> no secret this bill is too extreme, too costly too liberal. >> a few weeks ago, congresswoman abigail said nobody elected joe biden to be fdr. >> congressional budget office released their score of biden spending bill "build back better" saying 367 billion dollars to the debt meaning not fully paid for does not cost zero dollars like president biden promised that was supposed to be a deal breaker for some moderate democrats who delayed vote for the score to make sure it is paid for but are now disraring it moderate congresswoman murphy explaining her flip-flop saying well, i continue to have reservations about the overall size of the legislation and concerns about certain policy provisions extraneous unwise i be

hillary vaughn joins us from capitol hill. the cbo actually came out this morning and said they're not going to -- or they're not ready to even say when the price tag the for that social spending package will be ready which means it's probably not going to be ready by monday which is when speaker pelosi wanted to hold that up for a vote. but while the white house is essentially turning a blind eye to a lot of polls that have come out this just the last week that signal that the country may be moving in the wrong direction, moderate democrats who are the key deciding factor this whether or not this social spending package actually makes it to the president's desk will be paying attention because many of them are up for re-election in the midterms. when you look at the "usa today" poll that came out yesterday, nearly two-thirds of americans, 64%, say they don't want president biden to run for a second term this 2024. that includes 28% of democrats who feel that way. another poll from cnn says the majority of americans think the p