To finish above 1700 for the first time in history. It is now up nearly 20 percent yeartodate. The records did not stop there. The russell 2008 its 4 record high of the year. The smallcap index up nearly 25 so far this year. The nasdaq up nearly 50 points in a 52week high. The wilshire 5,000 measuring the days paper gains of 2,705,000,000,000 on the year. Good ns on main street as well as wall street. The number of americans applying for unemployment topped 326,000 last week. That is the lowest level in nearly six years. Manufacturing growth accelered in july as well new orders surging in the Auto Industry continuing its strong comeback. Sales posting the best july performance since 2006. Chrysler, ford, gm of reporting doubledigitains. The economy, markets and ignoring the theater of the absurd today at our nations capital. The markets and t economy improved, the Obama White House struggles to maintain order domestically and yes, even abroad. Russia today allowed americas most wanted man, and as a liquor Edwards Snowden to leave the moscow airport after granting him a oneyear temrary asylum. The move that embarrassing blow to the Obama Administration was as which has charged him with espionage. Todays signal that it could hurt relations with moscow. We are extremely disappointed that the russian government would ke this step despite our very clearnd lawful requests inublic and pvate t have mr. Snowden expelled to the United States to face the ges agnst him. This move by the russian government underminethe longstanding record of Law Enforcement cooperation. Lou the white house says it is now aluating whether to proceed with a planned summit in scow scheduled for next month. On capitol hill silence from those who have called snowdon a hero. There was strong bipartisan combination. Here is senator chuck schumer. Russia has stabbed in the back, and each day that snowden is allowed to roam free is another tst of the nice. Lou wow. Well, senator john mccain called it a slap in the face of all americans. President Obama Meeting with lawmakers on both sides of the aisle to talk about the surveillance programs run by the National Security agency among those present that chairman ann ranking members of both the house incident intelligence committees. Critics to say that the nsa has exceeded its authority under the foreign Intelligence Surveillance act. All on capitol hill, acting Internal RevenueService Director daniel were folks will groby the house ways and Means Committee. The central focus of the hearing his agencys implementation of obamacare enforcement asell as the ongng congressional investigation of the irs targeting of conservative nonprofit nonprofit groups. Fox news chief congressional corresponden with our report. Cting commissioner was ask in the house ways and Means Committee hearing why irs employees want to be exempt from obamacare when it will play a key role with it. Why are your employees trying to exempt themselves from the very law your test to enforce . Seconds before myself. I prefer totay with the current policy that i am pleased with rather than go through a change if i dont need to. This as newly revealed emails suggests the irsay haae shared confidential tax informion with the federal election commision, a violation of law. The committee is demanding answers with the subcommittee chaian writing, the American Public is entitled to know whether the irs is an propriely sharing their confidential tax impression with otr agencies. Today he tangled wh texas republican kevin brady. He was assuring us that the irs, despite the significant abuse of power, already investigating, the irs has never shared private taxpayer information with other federal agencies. I am looking at an el from 2008 where lss lerner did actlyythat. I never assured that there are not incidences that occurred. We share informati roughly with 300 different federalnd state agencies as a matter of routine business. We have produres and safeguards in place. Lawmakers say in the pcess of investigating the ira starting of conservative groups that discove email between los lerner and the federal elections commission. The irs official now on paid administrative leave who cameo capitol hill and led the fifth after defending her actions telling the House Oversight committee she had done nothing wrong. Ways and means has released copies of six exchanges showing the name several times and her interaions with an sec attorney in the enforcement division. The irs has saiaid all along that it never should disinformation with other agencies. We n have emails that show that it is. If these exchanges, questions ked abouthether conservative groups, american futureund american issues project had received exempt statu. From the emails that we have seen now, it proves is clear that political appointees used both the irs and the federal elections committee. A conservative organizion who just wants to be involved in a demoatic process. Now way and means is asking for all irs sec email exchanges from 200 to 2012. The investigation continues, president obama has nominated a permanent irs commissioner. White house Officials Say a former freddie mac Board Chairman has the experience to restore Public Confidence in the irs and suggesthat we should noread too much into the timing of what was a bumpy day here on capitol hill. Lou thank you very much. For more on obamacare, the asylum granted by russia and the seemingly endless string of whe hou scandals i am joined by senator joh bourassa, republican poly cmittee chairman, member of theenate foreign collecteby Foreign Relations committee and several others. Thank you for having me. Lou lets start with obamacare. This is starting to feel like the train went that t speaker called it. What is going on here . We are talking 60 days from implementation of exchang. This is staing to look like an impossibility as well as a train wreck. Well, it is continuing to unravel. More and more people think that the health care l law will be bd for them. Actually, by three to one over people who think it will be good for them in terms of their cost and quality of care. Rememberwhat people were looking for from the beginng was access to care and Affordable Care. Theyre getting neither. We saw that with the irs agent who said, i like wt i have. The president promised that to people all aund the country, and people are now seeing of the cannot necessarily keep what they have if they like it. We have unions coming out against the Health Care Law inuding the one that represts the irs agents who are the enforcers of the Health Care Law. Democrats jumping ship in terms of the employer mandate as well as the indidual mandate. And those pass the house of representatives. Lou the employer mandate, the individual mandate to be tested yet. At this paw we are talking about spending a lot. I mean, as you point out, the National Treasury employees union that represents the irs and 16,000 agents thatre supposed to b hired to enforce a obamacare i love that expression. Enforce health care. This is really quite something. And the administration, does it have options here that it can exercise to buy itself time to recast this entire mess . That gets into thessue of what the administration was doing and whether it is legal o t. I would not think that the president has the legal autrity to just delay a partt3 of the law, being the employer mandate. In the same time same the individual mandate everyone has to buy government approved insurance by the first of the year, he wants to leave that part in place. So we know that the law is not just unpopular but it is also an hour and fair to how it treat american citizens. But th law is bad for peoples paychecks, jobs, as well as healthare. Lou and we are alleeling the effects of the tax increases that have accompanied the onset of obamacare. Lets turn to on other development that has to be at least in the sho term even more embarrassing to the president. Today russia gntin Edward Snowdon one years asylum in the white house coming out with a piffle that you hear from j. Hardly a robust, vigorous response to what was a slapn president bamas face. You are absolutely right. E white house was disappointed. That is what your third grade teacher used to say to you. They are not mad, disappointed. The president s recent with russia has failed. The leader of russia does not fear the united stes for this president. There are ings that we ought to do as we say we will not go to the summit. We will not have the 1on1 meeting that the president was supposed havent said petersburg at the end of the summer. Take a new lookt the whole strategic arms reduction actity that the president has committed to. I think it was a mtake. I voted against that, but we ought to beef upur missile defens to our allies in europe. Lou we should remind th dience as well that the president has basical proffered a reduction of onethird of nuclear weapons. It is sort of a sigof good faith to enternto a negotiation. Remarkable initiative, perhaps the most remarkaale the most remarkable ever taken by president and arms reduction. She did that when he went to berlin. You wanted to pretend he was john kennedy. And i believe that the russians at this point have no fear of the United States commoner respect for this president. It is because of the president s policies andhe way that he has behad as president of the United States. Lou us turn to thecand that the president andis folks are aggressively trying to pin a label phony on the scandals that now, which they now find themselves embroiled. I believe the presidency standingith t American People because they know the scandals are not funny when they talk to what has happened with benghazind the irs. People have been anxious about dealings with the irs. Now there is icy, wrong angry, and wyoming but the irs. The way it targets a speeific political groups, the way it wastes taxpayer money. We saw that with these different conferences that they have had, these terrible videos that have come out, all with taxpaye mone the irs is spending money with no respect for the taxpayers. Now you see the irs lobbying congress. The union has told irs agents Lobby Congress are you dont have to live under the obama Health Care Law which is the law of the youre bein paid to enforce. Lou as we watch all this unfolds, it is stunning,eally, that there is so little effort on the part of the traditional watchdogs. The fourth the state, liberal, national media. There ii no accountability. Is there likely to be any beyond the ballot box beginning next year . I expected more especially with the day that the optics the way that the white house and th Justice Burton has gone after rorters. The Associated Press oine subpoenaing a mouse going into the private dealings of the porters. Not theevel that you or i expect. We thank you for being with us. Afford to talking with you again soon. A keyor having me. Lou much more on the Obama White House scandals and the countdowto obamacare, talking with congresswom dianne black next right here. Stay with us. President obama declared the sequesterudget cuts to be devastating. Fox news carl cameron says t record straight next. Lou on wall street, stocks soaring to recd levels on upbeat economic news. All ten s p sectors moving higher. Gold dropping a dollar 0. 80 to 1,311 per ounce. Crude oil up nearly 3 just low 100 per barrel. The bond market soaring. And a federal jury today finding former goldman trader the breeze toward a high level for fraud for his role in the failed more is deal that cost investors a billion dollars. He faces pential fines of possible potential fines and a possible ban fromhe industry. The fight ov the federal budget set to heat up over the august reset. The socalled sequester cuts are a big point of contention, of course. The House Speaker today suggested a shortterm continuing resolution thawould giveoth sides time to work rationally on an agreement. The president that congress will have are you ready for this all nine days to reach a deal when they return from summer inistration warned of impending disaster from the first equestered deal. That has not been the case. Fox news chief Political Correspondent carl cameron will look at the reality. Presi obama and his party ha learned repeated warned repeatedly of dire consequences from the automatic federal spenng cuts known as the sequestered. Across the country these cuts will force federal prosecutors to close cases and potentially let criminals go. Border patrol agen will se their hours reduced. Fbi ages will be furloughed. Buthen air Traffic Controllers face furloughs congress and the president quickly let the faa find savings in other ways and ended t furloughs. Other agencies follow suit. Customs and Border Protection did belttightening tsa use a hiring freeze to recuse overtime. The department of education, agriculture, justice, irs, u. S. Park police and many others canceled or scale back furloughs dramatically. The Washington Post back shed fact checker gave harry reidor pinocchios for falsely claiming the cuts would cost jobs. Estimatts suggest it would be one sih of that. The president got for pinocchios for his false claim that there would be an immediate pay cat which was nevr contemplated there has been bipartisan concern and it comes to the Defense Department the to much cutting will weaken National Security. A former gop u. S. Senator insistede was not crying wolf with his complait that thats a bad consequences. Ending Army Combat Training center rotatio for brigades not deployed to afghastan. And imposing furloughs for 650,000 dod civilians. Instead of the threatens 22 days ounpaid leave, furlough days are being slashed to as few as six. This years automatic cuts total 85 billion nationwide with next year more than 100 billion in socalled sequester cuts scheduled. Government agencies are able to reduce most by eliminating waste d doing housecleaning, but many adjustments are only one time shot. Next years bigger cuts will almost certainly require even bigger readjustments. Lou thank you. Carl cameron. The senate today confiring cement the power to be the next u. S. Ambassador the united nations. The vote, a comfortable margin 8710 deste concerns about the controversial past comments about the unid stes. Well, if you thought eliot spitzer, anthony wiennr, and mayor bob feller could n get any more despicable think again. Running for new York City Comptroller was asked three times a day whethere is once again engaged in an extramarital affair. Here is what the once hooker happy loved of had to say. I am so tired of the personal attacks, and awered all those questions. Theyre rather superior former love of. Perhaps current former lov of. Anthony wiener making the new york mayoral race even more of a circus if you can imagine. The cereals sector winning the endorsement of a wellknown new yorker. He rose to fame with his campaigg tagline, the rent is to get my. And an attorney representing san diegos mayor ss that the city should paid and defend bob fuller against sexualharassment allegations because the mayor never received state requires sexualharassmentraining. What is the mayor to do. Up next the predents friends on capol hill throwing him an early birthdayarty in the chalk talk. We will show you tonight why he might not be in thmood to celebrate. Were coming right back. The average text takes your eyes off the road for nearly five seconds. [tires screeching] stop the texts. Stop the wrecks. Visit us at stoptextsstopwrecks. Org. [ male announcer ] a car that can actually see like a human usinstereoscopic cameras. And ev stop itself if it has to. The Technology May be hard to imagine. But why you would want it isot. The 2014 eclass, it doesnt just see the future, it is the future. Lou we will show you something to die that3 receivesso little attention people not een aware of the expense of what we will discuss tonight. The president turns 52 on sund we want to wish him happy birthday and with the early celebration the House Democrats giving him a birthday cake during a visit to capitol hill yesteay. Dark chocolate, only the best for the commander in chief. But on his birthday the president has not had a lot to celebrate. His clear politics job approval upsidedown. 45 percent approve compared at 49 percent that disapproved. The average approval for obamacare 40 approval with 51 pernt who oppose it outright. Not as were the president wanted to be two mths before the implementation of the exchanges. And obamacare is called to be a tra wracked by most republicans and some democrats. But the president meets with the regts this week to rally them to assure them he will campaign hard for them in the Midterm Election but a new study shows he may not be high in demand ashe thought. According the unirsity of virginia, the democrats and the this president has lostst 55 seats in the house since the bomngook office. And they lost four ses in the senate during that time. Democrats have lost nine governorships since 2009 and 607 state legislative jobs. Just think what a lousy record this president has with elections in you probab have not heard the mainstream liberal media of the catalog of what has transpired with the state and fe