the fate of tax breaks on the agenda. we are monitoring the feisty back and forth. we want you to listen to what john watson, the ceo of chevron, had to say. sbl >> first, the oil and gas business pays its fair share of taxes despite the current debate on energy taxes. few businesses pay more in tacks than oil and gas companies. the worldwide effective tax rate for our industry is 40%, higher than the u.s. statutory rate of 35% and the rate for manufacturers of 26.5%. >> we will check in dana bash and let you listen to what went on. the swollen crest of the mississippi river rolling south. the high waters have closed more than a dozen mississippi casinos. rob is in tunica, mississippi.