and i think julianna has it so right. she's written about this before. he is a pragmatist. he is a progressive pragmatist. his views are progressive. they're left of center, if you will. but he's never let them get in the way of getting things done. >> rose: some people are speculating he may talk about taxes in terms of a big-ticket reform over the next two years. is that reasonable dorr you expect to see that? >> well, so far what we're hearing is that the president will address corporate tax reform. it won't in the context of deficit reduction, but he will talk once again about how... what he'd like to see this year and over the next years is to begin a dialogue on corporate tax reform. >> and, charlie, the difficulty with tax reform for this administration is they also face as julianna said earlier, this huge demand to do something about the deficit reduction. tax reform is not for the faint hearted. it's tough. there are all kinds of competing interests and there are people who say "gosh, why do you want to do it if you're t going to raise money? you're going to go thr

julianna is not the suspect's biological child. what's more, the boy's mother is eight months pregnant with the suspect's baby, but they broke up months ago. tabitha is still hopeful. >> i know jose is out there running around somewhere, or he's at somebody's house. but he's running out of money and he's running out of places to go. >> the aunt of an abducted child being found alive and well decrease dramatically, about 48 hours, 72 hours after the child is taken. >> reporter: former fbi profiler candace delong has experience with mentally ill criminals and paints a much darker picture. rodriguez has a violent criminal past and a history of hearing voices. he stopped using his credit card and cell phone, leaving no electronic trail since the alleged kidnapping. >> statistically, and the facts that we know about the abduction itself, how it went down, tell me the likelihood of this having a happy ending quickly is low. i hope i'm wrong. >> crews will continue searching that canal, while authorities discuss whether or not to disconti

joining us also is julianna grunwald, dale low dose he hadtor of the national journal. katherine, if i can start with you. you wrote in a recent blog in comlaw.com, that you look for two things -- a high degree of activity on telecommunications policy in the upcoming congress, and a high degree of cooperation. why did you write that? >> i think that there's going to be a high degree of cooperation on certain issues. for instance, tv spectrum allocation, when it comes to the idea of deciding on authority for incentive auctions and who's going to get what slice of the pie. there's a lot of incentive to work together on those issues, because it's going to mean extra money for the treasury, which, of course, means that that money can be used to either lower the deficit or be put to other programs. >> do you, trisha, see cooperation in the upcoming congress on telecommunications policy, and do you see them acting on a lot of different issues? >> first of all, minority party always calls for cooperation. but there is a lot of common ground on spectrum policy and the need to r

jose and julianna are not in the car. >>reporter: by night fall the silver toyota was hauled up out of the canal. >> at least 2 of the window were down. we haven't completely finished inspecting the vehicle. detectives have to go through the inside to find any potential evidence. the vehicle is badly damaged because of having been in the area. >>reporter: they defended in the 15 foot 15 foot square side phone tube where they found the car wedge. sophisticated sonar system got close enough to the submerged vehicle to read the license plate. >> we will continue to search the side phone. search the canal downstream and we will continue to look and hold out hope. >>reporter: officials said with from degree water in the canal bodies would not surface for 14 days. men while outside the family home in patterson, there was silence as friends and neighbors prayed inside. still holding out hope. >> absolutely. there's always hope for until l finality. >> mood in the home is still hopeful and that the child will come home safely. >>

here's a good shot of the little boy, four-year-old julianna abducted in patterson south of tracy late yesterday afternoon. the suspect is the mother's ex-boyfriend. he's identified as 27-year-old josÉ he is van rodriguez. he has a criminal history, involuntary manslaughter and having sex with a minor. the grandmother is pleading for the public's help. >> please, everyone, bring my grandson back. >> the suspect's car is described as a silver or beige toyota corolla with a california license plate number of 68 bw 445. detectives looked at surveillance tape overnight and they were able to get a better description of the car. they determined that the windows are all tinted and they spotted a spare tire on the car. they do have reason to believe the suspect may head to san jose. he has family there. they sent a detective there overnight who did interviews and is working on the case. they also overnight figured out they have a lot of family in the valley. they're focusing on that area as well. keep your eye out. the signs are up. don't forget about this little boy this morning as you go abo

covering it all, john dickerson of "slate" magazine and cbs news, major garrett of "national journal," julianna goldman of bloomberg news, and jeff zeleny of "the new york times." >> award-winning reporting and analysis. covering history as it happens. live from our nation's capitol, this is "washington week with gwen ifill, produced in association with national journal." corporate funding for "washington week" is provided by -- >> this rock has never stood still. since 1875, we've been there for our clients through good times and bad. when their needs changed, we were there to meet them. through the years from insurance to investment management, to real estate to retirement solutions, we've developed new ideas for the financial challenges ahead. this rock has never stood still. and that's one thing that will never change. prudential. >> corporate funding is also provided by boeing, and wells fargo advisors. additional funding for "washington week" is provided by the ethics and excellence in journalism foundation, the an enberg foundation, the corporation for public broadcasting and by contribu

. >> julianna -- -- listen to me. gianna, thank you very much. getting our names confused. >>> 4:39. it's the best of times and worst for silicon valley companies, who is hiring and firing. >> a new black eye for toyota. what's prompting it to recall more than a million cars. another recall worldwide. >> and a facebook whoops. a hacker takes advantage of the site's own founder to spread the wrong kind of message. ,,,,,,,,,,,,,, >>> good morning, it is wednesday. welcome back. we have another warm day on tap as we take a look at redwood city. yesterday, moffett field topped out at 70 degrees besting a record setback in 19. los gatos 70. 68 for milpitas and santa clara. there is a fog advisory. use caution. i'm going to tell you about the hot spots, coming up in your pinpoint forecast. now back to you. >> thank you. >>> it is 4:42. another product recall from toyota this one involving 1.7 million vehicles worldwide. the automaker says it's because of various defects that may cause fuel leaks. few details have been released but the cars being recall

the boy is four-year-old julianna kardanis. he disappeared yesterday. he lives in patterson.olice believe this man kidnapped the boy, 27-year-old josÉ rodriguez. they say he pulled the boy right out of his grandmother's arms. he has a criminal history including conviction of involuntary manslaughter and having sex with a minor. >> the primary concern is the safety of that child and locating the suspect in the vehicle he's driving. >> the suspect's car is described as a silver or beige toyota corolla with a capitol hill license plate number of 6 hbw-445. detectives looked at surveillance tape overnight and were better able to get a description of the car. the windows are tinted. they were able to spot a spare tire on the passenger side of the car. a couple more details for you to look for. they sent a detective to san jose last night because the suspect does have family there. so the detective is there working the case. but overnight they also discovered that the suspect has more family in the central valley so they're also focusing on that area. live in san francisco, amy hol

jason and julianna, and bringing your own sign.e weather down here in the next half hour. george? >> thank you, sam. >>> now, a "gma" exclusive. it's been a week since the judge cleared howard k. stern of felony conspiracy charges in the anna nicole smith trial. he's going to speak with us in a moment. but mike von fremd starts us off. mike? >> reporter: in life, anna nicole smith always stole the spotlight. and howard k. stern loved to live in her shadow, by her side. in good times, and bad. >> she was my best friend. my lover, and mother of my daughter. everything to me. literally everything, my whole world. >> reporter: they first met in 1995, when howard joined the 26-year-old bombshell's legal team. she was fighting for $800 million from her 93-year-old deceased husband's estate. >> i'm not a golddigger. i went out and i made something of myself. and people don't appreciate that. >> excuse me. >> reporter: but howard seemed to appreciate her, staying with her all the way to the supreme court, where they won a moral victory but

. >> i'm going to follow up on julianna. when the president was deciding what to do or how to proceed on tax reform, and there had been talk for weeks that it was going to be limited to corporate tax reform, he did say in his speech -- he left open the possibility he'd do individual as well. ben bernanke, when he ben bernanke, when he testified recently before the senate, said that he thought tax reform should be done in a comprehensive way, individual and corporate together. that's how it was done, of course, the last time the code was overhauled. could you tell us a little bit what went into the president's decision-making that he's sort of singling out the corporate side of the tax code? >> yes, well, i mean, look, i think each of these are going to be longer-term projects. obviously -- and that may indicate sort of a bit of a reason for the bifurcation because i think the complexity on the individual side and obviously discussions that are had as it relates to the fiscal side are going to be important and probably, again

. >> i will just follow up on julianna -- when the president was deciding on how to proceed with tax reform, and there were talks for weeks that it was going to be limited to corporate tax reform, he said in a speech there was the possibility to do individual as well. ben bernanke, when he testified recently before the senate, said he got tax reform should be done at a comprehensive way, individual and corporate done together. that was the way was on the last time. can you tell me about the president's decision making that he is singling out the corporate side of the tax code -- >> i think each of these are going to be longer-term projects. obviously, and that may indicate sort of a bit of a reason for the bifurcation, because i think the complexity on the individual side, and obviously, discussions that are half as it relates to the fiscal side, are going to be important, and, again, it takes some time. we did tax reform in the mid- 1980's, or, i should say, started in the early 1980's and ended in the mid-1980's. we know it is a process that takes quite a bit of time breanna i know