we'll ask donald trump's former counsel of economic advisors chairman, kevin hassett.f losing your job isn't caring you, i bet rising crime certainly is. some very scary incidents in atlanta in a part of the city that attracts a whole lot of tourists but not these days. what does georgia governor brian kemp say about all of this? we'll ask him because the governor is here and only here. don't look now the senate is back in session and has questions for president biden on the crassfied documents. apparently even for this democratic body, but what the president knew and when but who else knew and how? president george w. bush former chief of staff andy card, feels for the new incoming chief of staff stepping in. he has to sort all of this mess out. good luck on that. welcome, everybody. busy news day. i'm neil cavuto, glad to have you. our top story, a piece of work, more folks looking for work. kelly o'grady here to spell it all out. hi, kelly. reporter: neil, another day of job cuts. roughly 40% of the dow reporting this week. with the quarterly updates come more lay q

nice to see you. >>> when we come back, kevin hassett will join us >>> but next, the irs is boostingption and it means big changes for taxpayers. robert frank is here with a preview. >> it's going to be a great year to give it away if you are wealthy. you can give up to $26 million to family members without paying any gift or state tax. we're going to take a look at what those changes mean for your money and federal tax revenue coming up after the break. >> announcer: time now for today's aflac trivia question. what two u.s. states border eight other states the answer when cnbc "squawk box" continues a hospital bill for me? mm-hmm. for $1,200? ga-a-a-ap! did you say "gap"? yeah, he did. he's talking about expenses that health insurance doesn't cover. ga-a-a-ap! uh-uh. aflac! that's why there's aflac. it pays you money to help close that gap. aflac, huh? don't tell me he high stepping. af-lac, af-lac! he stole my move! get help with expenses health insurance doesn't cover at... aflac! ...dot com. >> announcer: now the answer to today's aflac trivia question. what two u.s. states borde

we will have an all star cast, kevin hassett, steve forbes, kellkellyanne con wway and othed i'll take questions from the audience. maria: good thursday morning, everyone. thanks so much for joining us. i'm maria bartiromo. it is thursday, january 19. we're coming to you live from the world economic forum annual meeting here in davos, switzerland. it is 6:00 a.m. on the east coast, 12:00 noon here in davos. mixed assessments for the 2023 economy in davos amidst crushing u.s. debt. the u.s. debt ceiling deadline, the united states set to hit the debt limit today after two years of spending and 5 trillion in borrowing, the white house says the debt ceiling must be raised. no negotiations on s spending cuts. i spoke with west virginia senator joe manchin about that, about the country's 31.4 trillion in debt. >> we have not been fiscally responsible. maria: to be fiscally responsible, you need a budget. has congress come up with a budget. >> we haven't passed one. we have come up with a lot of them. we haven't passed them. both administrations, their budgets have not been accepted and vote

in fact, kevin hassett has argued for every dollar increase in debt, there should be three dollars ofdollars? it used to be do. >> one to one is not good enough now. we're in an emergency situation. joe biden has spent $5 trillion the, okay? $5 trillion in two the lousy years, for heaven sakes, so that's without to stop. scott perry was on our show, he wants four to one. i don't care what it is, you will never default on the debt, ever. revenues are flowing in all the time to pay interest on the 10-year bond or whatever and so forth and so on, so this whole kabooky theater and politics, joe biden is trying to stand there and not negotiate. i'm going to make a prediction with you, that position of his will only last another week or two, and then he will fold. and you've already got senate democrats, even joe manchin, saying there has to be a negotiation. so this cannot hold, and there's got to be -- new spending caps, new sequestration automatic across the board cut rules and lower spending to raise this debt ceiling. will must be. charles: and from that old pr point of view are, the r