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the sickening scene of violence and looting. and one party is paying a bigger price over the showdown over the regular debt. stand by on whether members deserve to even be re-elected. i m wolf blitzer, you re in the situation room. wall street following big gains after some of its biggest losses of the year. the s&p and nasdaq also rebounded. the dow on a roller coaster all day after the federal reserve s afternoon announcement about interest rates and future economic conditions. lit s bring in poppy harlow. it was wild. swings of 600 points. some of them hundreds of points within a minute. the dow industrials in the last hour of trading, ridesing more than 300 points. this is a very good sign. it is the exact opposite of the selloff we saw on monday. it s encouraging that we re seeing investors coming in at the end of the trading day, buying up stocks in droves, saying i m willing to hold these stocks overnight. that is a very good sign. and just to give you some ....
Martha: welcome back, everybody. there s fallout today over new reports of fuzzy math inside the health care overhaul, the latest report reveals that older adults who have jobs will end up paying more for their health care coverage than those who don t have jobs, ken murphy, chair of the gop office joins me. good to have you here. great to be with you. martha: how did this happen and what do you make of it. it s an amazing thing what happens when you don t get a chance to read a bill. basically it works this way, someone can retire at age 262 and someone may decide to work, the person at 62 starts to get social security income, so you can have two people making exactly the same amount of money but if you re getting social security income, about $9000 of that is in tax and doesn t count as your income so on the books ....
River and head right over interstate 78. then that will move up across interstate 80 as we go throughout the next hour. so we still have some dangerous storms out there and these are now well to the north. that severe weather happened yesterday. this is still associated with the same storm system from yesterday afternoon. now the severe weather threat today does go in the yellow. yesterday a high risk. we knew we d have a bad weather situation and it was. today we do not expect a widespread outbreak but that doesn t mean we can t have one or two that could cause a death or even injuries. as far as what happened yesterday, all the red triangles where the tornado reports, one thing that s interesting you ll notice they almost draw a line to the northeast. these are probably the same tornado that was on the ground tore a long period of time especially the one that went from tuscaloosa to birmingham, the one outside of jackson that went into alabama. these were long track strong tornadoes. ....
Speaks to you helping those who are already not able to make ends meet. do not renew the bush tax credit for the wealthy. tax corporations and oversee profits and bring the jobs home. place a windfall tax on oil companies and rescind the $4 billion subsidy. i ll debate these points any time with you, just call me. my number is 262 [ bleep ] what was the last, 97 what? i don t know if his office expected that. i have to hand it to paul ryan for putting himself out there. that sounds like a real conversation, asked real questions. despite the backlash, the public still prefers republicans handling the budget. 48% of americans think republicans are doing a better job with the budget compared to 36% who opt for democrats. ....
You doing across the board cuts with the military it s not that hard to find savings and cut programs on the backs of the poor, of the underprivileged, of those without lobbyist groups, and those without clout. i read this piece of document, and i saw nothing that really speaks to helping those who are already not able to make ends meet. do not renew the bush tax credit for the wealthy. tax corporations, and oversea profits and bring the jobs home. okay. place a windfall tax on oil companies and rescind the $4 billion subsidy. i ll debate these points any time with you, just call me. my number s 262 [ bleep ]. what was the last? 97 what? welcome home, congressman ....