the co-host for the 5, dana perino and stewart varney. i hate these last minute deals before christmas because the house is only in session two more days, they're changing the rules in the senate to make it a bill so they don't have to have a super majority. that bothers me because that means there's stuff in time. $63 billion over two years and the deficit reducti reduction -- meaningless. >> meaningless. the public is so angry over another shutdown and congress is so afraid of the public reaction they have this deal not meaningless but no serious change. no entitlement reform, no tax reform, no serious deficit reduction, no big debt reduction, same old same old, steady as she goes, do nothing, walk away, no shutdown. >> no tax increases. that was the big thing the democrats were going to ask for. that's going to happen when you have a government you have to pay for with these different expenses that probably will happen. there are no income tax increases which is what president obama would have liked. what democrats will claim is they w

and here with more on all of this breaking news on the fox news network, stewart varney, and dana perino. you know what, i hate these last minute deals before christmas because the house will only be in session two more days. they're changing the rules in the senate so they don't have to have a super majority. that bothers me because there is stuff in here we'll find out about as time goes on. all right, budget deal, reduced budget, providing a ten-year deal. >> it is meaningless, i think the public is so angry over the idea of another shutdown and congress is so afraid of the public reaction that they got this deal, which is not meaningless, but it is no serious change, no entitlement reform, no tax reform, no serious deficit reduction, no big debt reduction, same old same old, steady as she goes, do nothing, walk away. >> no tax increases, that was the big thing the democrats were going to ask for, and the republicans said no way. >> fee increases, when you have a government with all the things you have to pay for with all of these different expenses, that probably will happen, there a

to that and the big interview that the president will have with chris matthews, our very own stewart varneyhe lovely dana perino. >> i'm scared, because i'm going to defend them. i think of all the embassies in the world and the events they put on, and the diplomacy they put on, part of that includes entertaining, i don't think that is that much money. >> it is not the amount of money, it was where it was spent and the amount that was spent. you have to meet the allocation. >> that happens everywhere. >> this is the way government works. spend your allocation, because if you don't you won't get as much next year. that is government, that is wasting. >> i think it happens everywhere. it is incentive -- if the state department had an incentive, if they had savings in their liquor budget, i mean, great, but you don't. and i actually think that is normal human behavior. >> stewart is right, because they don't want to have their budget cut which is why they spend a lot at the end. how do you go from 100 to 400,000 -- that is money from nurses, and doctors, and contractors, they're paying that bi

stewart is outside the that does not mean we won't have a christmas message, 10:45. another hour of "varneystart by checking the big board, dow 27 points, trading much higher. i know that you have news from the fed. we will get to that later, big interview with the fed, david asman is here but we talk about the tech rally, stocks have been on an absolute tear. some wonder if this parabolic move is a yellow flag. what do you think? >> i was ready to go. you are a pro so you could reload. liz: that was charles's christmas present to you. >> what is happening with tech stocks is symbolic of most tech stocks. we talked about this and you have been on top of the rally from the get go. nobody in this building has been on top of this rally like you have but i am wondering if it is topping out. i don't know what you think of the we have a strange situation. the vix is down -- has a 12 handle, 12.78 as interest rates are up three basis points. when you have interest rates going up and the vix going down that is a situation that can't whacks and what is happening with tech -- charles: vix is -- they