i wonder if tom emmer buys that, the minnesota congressman?lso house majority whip, sits on house committee on financial services. very important player in all of this. what do you make of that argument, that treasury secretary's espousing? we're hearing from administration types taxpayers need not worry, not on their dime? seems a little unrealistic? >> neil, first off, thanks for having me. i think the thing that is missed by the treasury secretary, by senator brown from ohio is the fact that this whole thing is caused by the biden administration's failed policies. they have been spending money so crazily over last two years they have driven double-digit inflation. they have driven these rate hikes we've seen at the fed because you have to raise interest rates to battle inflation. they waited too long i would argue at the fed to start that. once the process -- neil: wint would have had some of that inflation good deal with it, with or without what the administration is doing? the spending certainly didn't help, you're quite right, parking ec

the man who helped get the votes is our whip, tom emmer. [applause] mr. emmer: thank you to our speaker for making sure that we had this opportunity. thank you for our majority leader, steve scalise, who i believe today has lived up to the title of ragin' cajun. i think it works. for months americans have been slammed with record breaking gas prices and massive utility bills. some even had to choose between filling up their car or putting food on the table for their families. democrats' war on domestic energy sent energy costs skyrocketing. and americans were forced to foot the bill. but today, house republicans said, no more. i'm proud of our work to pass h.r. 1, a bipartisan, commonsense bill that unleashes -- [applause] that unleashes american energy and drives down costs for families. the core tenets of the bill were simple. you want lower costs for americans, you want to allow energy companies to thrive without all of the bureaucratic red tape, you want to make america the energy superpower of the world. then, guess what, you vote in favor of h.r. 1.

request us senator roger marshall, house majority whip tom emmer. and byron york, congressman french hill and jason chaffetz. it is california governor gavin newsom riding to the rescue of himself. in the bailout of silicon valley bank, his personal accounts, his wineries, were in svb. unthose wineries, the ones we at the pr -- he kept open. >> and biden family is bracing house oversight has treasury documents on their deal making overseas, former president trump he tops governor ron desantis among g.o.p. voters, i am elizabeth macdonald, "the evening edit" starts right now. elizabeth: welcome to the show, stocks selling off, dow in s&p down, we have nazdaq up. bank contagion fears are offsetting the cooler wholesale inflation report. credible suisse hits record lows, moving in to step in to hop. u.s. banks have already fenced themselve from that. and kit to junk status they may need government help. will low read in who sale prices stop fed from wreaking more havoc by raising rates higher next week? edward lawrence is live at white house. reporter:

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the man who delivered the votes as our whip, tom emmer.om emmer about to speak for a few moments. let's see what democrats were saying yesterday about the bill. you hear the back and forth from congressman scalise why they couldn't get common ground. >> bills like this make schools more hostile and results in hate, bigotry and death. >> jamming the extreme maga republican ideology down the throats of the children and the parents. >> when we talk about progressive values, i can say what my progressive value is. that is freedom over fascism. >> congressman mike johnson, louisiana republican, member of the house armed services and house judiciary committees and chairman on the subcommittee on constitution and limited government and weaponization of federal government. that's a lot of committees. good to see you, sir. thank you for being here today. explain to people at home as they hear both sides of this. they hear an argument from kevin mccarthy and steve scalise that it is good common sense for schools and the other side says it will promo

tom emmer. rep. emmer: thank you all these great members. as a data seven, i know firsthand -- dad of seven i know firsthand of knowing what is happening in your child's classroom. house republicans are making sure parents receive the accountability they deserve with this parents bill of rights act. according to the left, if you are a concerned parent speaking out of a school board meeting, like kevin told us, you are a domestic terrorist. just this week, a democrat, georgia state representative, suggested many parents are disqualified from having input in their child's education because a lot of those parents did not finish high school. not only are these comments completely tone deaf their dangerous and downright wrong. we know a child success depends on parental involvement and republicans will always make sure that parents have a seat at the table. this bill should have passed unanimously. unfortunately some members are more concerned with appeasing the teachers unions and radical activists in their party rather than standing with the pa

so i want to take this opportunity to urge theer republican minnesota houseg members including tom emmerthink hard about what it would look like for the folks in those districts in minnesota if they throw the federal government into a default. this joint economic committee report shows that over 1 million minnesotans who get their health insurance the medicare going to wonder whether not those payments are going to come to them, over a million minnesotans seniors who count and others who count on social security to pay their bills, those payments could be in jeopardy. nearly 300,000 minnesota veterans could be waiting for benefits that they earned and i don't know whether they're going to come or not. so this is not that complicated. raising the debt ceiling cepi means we willis fulfill our most fundamental responsibility, that we pay our bills. because if we don't, if these maga republicans in house refuse to do their jobs this report lays out how everyone in minnesota, everyone in the country, with feel the consequences of that responsibility. defaulting on thehe debt would cause the g

house gop whip tom emmer says consider the source. >> i won't take anything when it comes to elizabethsingenuous when she talks about republicans reduced oversight on these banks. >> this underscores the challenge for congress to pat legislation to help the banks. lawmakers are leery of anything termed a bailout. the freedom caucus says no banks should be too big to fail. there's questions for regulators as banks invested in treasuries. silicon valley bank dumped the bonds before maturity. the bank lost money as interest rates spiked. >> we watched them park a great deal of money in to long-term bonds. it's not a smart move knowing that inflation was going up with interest rates. do the california regulators miss something? i think we'll have a lot of questions for the governor, gavin newsome about this as well. >> after the turmoil, many are watching the fed to see if it raises interest rates. that's on wednesday now. the house holds their first hearing march 29. michael barr from the fed is in charge of regulators. neil? >> neil: thanks, chad to charlie gasparino. what happens next.

house gop whip tom emmers says consider the source. >> where was the supervision they were supposed toiding at silicon valley bank? i wouldn't take anything from elizabeth warren when it comes to banking because i would argue that she's boldly disingenuous when she talks about republicans reduced oversight on these banks. >> reporter: after the turmoil many are watching the fed to see if it raises interest rates on wednesday. it is unclear what legislation lawmakers could pass to avoid a repeat. the households its first hearing on the bank implosions this week. neil? neil: that was pretty fast. chad, thank you very much. chad pergram on all of that. meantime we told you about the markets moving fast and furious. everyone but nasdaq. technology stocks are having trouble just finding their footing here. maybe a lot of it has to do with worries about where their business is going. amazon the latest to say, remember those people we laid off? we're going to add to it right now another 9,000 likely to lose their jobs there on top of the 18,000 who already have. we'll have more after this. ♪.

for instance, here is jim jordan and top republican leader tom emmer speaking about their view of it. after president trump on russia, then it was a phone call with zelenskyy, then they wanted his tax returns, then they go after his business records, then they go after his children. now it's some misdemeanor alleged book keeping error. if this is not going after your political opponents and using government to do so, i don't know what is. >> republicans, democrats and others should be outraged that people will actually use our justice system against their political adversaries. that's not what this country is based on. it's wrong, and i disagree with it. >> reporter: chris, you're watching this familiar theme happening from those who would want to defend trump staying away from the substance and instead pivoting and trying to politicize it. that is of course what's likely going to happen once the investigations likely start to reach congress themselves. this is the opening salvo, the first letter we're seeing, action matching rhetoric, as we'll track this as congress begins to mobiliz

stefanik: thank you to the whip, tom emmer. it is clear today that the republican party is the party of parents. not a single democrat crossed the aisle to vote on behalf of parents and kids across this country. and as tom pointed out, this should have been a unanimous vote. this is a clear choice here, folks. we proudly stand for parents as the driving decision maker for their kids' education. we stand for transparency and we stand for educational rigor. as a new mom that is so important to me. as i think one of the keys to the american dream, it is making sure we have the very best education and parents are the drivers to make that happen. i'm proud to be an original co-sponsor of the bill as a member of the education and workforce committee. and i'm so honored to introduce our hardworking chairwoman, a grandmother, a mom, an educator herself, dr. virginia foxx. [applause] ms. foxx: well, elise stole one of my lines. the republican party is the party of parents and children. we fought hard against the bureaucrats and the unio