Washington, d. C. Today and covering the news wherever it happens. Right now its happening on the East Coast as well. Breaking news, democratic mayor Eric Adams is expected to speak at any moment after federal officials have just unsealed indictment charges against him. He is now charged with those federal counts, five of them, including wire fraud, bribery, solicitation of contributions from a foreign source. We are told a federal prosecutor will give an Update And News conference. Dont know if theyll take any questions but certainly have a statement to read, were told. That will also happen in the next few minutes. Were on it. All over this. Eric adams is already making history at this moment as the first new York Mayor to ever be charged with a federal crime while in office. Phil holloway, former Assistant District Attorney and legal Advisor And Marc thiessen, Fox News contributor. Im harris faulkner. This is the Faulkner Focus live from d. C. And are you there focus with me. Lets s
business correspondent ali velshi at the cnn center. let s go to the white house first to get reaction. what are officials saying about peter orszag s proposals, dan? reporter: well, white house spokesman robert gibbs today saying he thinks that peter orszag was wearing his congressional relations hat. in other words he was laying out a compromise whereby lawmakers might have to do something to help the wealthiest of americans to get a deal done up on capitol hill orszag writing, quote, higher taxes now would crimp consumer spending, further depressing the already inadequate demand for what firms are capable of producing at full tilt. though the bottom line here at the white house is that despite what he has written in that new york times opinion piece it does not change the president s thinking about tax cuts for the rich. our viewpoint on this is that we should and must pass legislation that extends the tax