river mills plant in brookneal. the fire started yesterday around 3:30 and the smoke could be seen for miles. the plant has been closed for a few years, but crews had been working to recycle some of the material from the building. we still do not know what started the fire. but crews say there are a lot of debris piles from demolition that will take a while to burn out. virginia state police says it s following a new lead in the search for the 15- year-old who wrecked a car in roanoke county after a police chase wednesday night. four passengers were taken to the hospital. that lead was discovered after investigators again searched for the teen near the roanoke- franklin county line yesterday. the pursit reached speeds of nearly 100 miles per hour. a state trooper originally tried to pull him over for speeding through boones mill. the teen is believed to be a runaway and armed, but not conisdered a threat to the public. kimberly good morning everyone winter weather advisories
i wouldn t want to do anything more. you know wolf blitzer will talk about that in the situation room which stards now. thanks very much. happening now a possible fix for the looming debt crisis without the political mudslinging. why some are suggesting the answer could lie in a special $1 trillion platinum coin. a long-time friend of hillary clinton speaking out about her health and the recent political attacks. my interview with james carville ahead. and new york city s criminal system might be clogged for years to come because of massive flood damage from superstorm sandy. we ll explain. i m wolf blitzer. you re in the situation room. 24 hours and bipartisanship ushered in with a brand new congress already seems to be shifting just weeks before the next major battle over the debt ceiling republican lawmakers are making it clear they are ready to fight the president. let s bring in our national political correspondent on capitol hill with the latest. it seems ol
top of the hour. your bottom line starts right now. thanks, randi and victor. see you at the top of the hour. for the first time in 20 years, higher taxes for america s richest taxpayers. oh, but it s still very good to be rich in america. good morning. i m christine romans. it redefines who is rich and who is not and sets the bar pretty high. individuals making more than $400,000 and couples making more than $450,000 will jump from 35% back to 39.6%. setting the bar at $400,000 instead of the $200,000 the president wanted means only 0.7% of tax filers will be hit with that rate increase. the top top earners came out pretty well after all. it s true, they also face higher taxes on their investments. the rate on dividends and capital gains rises from 15% to 20%. but it could have been worse. the idea to tax investment income as ordinary income subject to a 39.6% rate was scrapped. that saved millionaires and billionaires billions. and, yes, estate taxes are rising from 35%