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with a controversial stop in taiwan, not ruled out, not confirmed. a live report from kentucky where a deadly flood is deaf stath rural areas. this is by far the worst flooding disaster, at least of my lifetime, in kentucky. it has wiped out what we believe are hundreds of homes. we have half of some of our counties under water. we will lose double digit lives. in pete we trust. i will be joined by our legendary justice correspondent pete williams as we pay tribute to his remarkable career here to nbc news before he heads off for new adventures. we begin with the economy and the white house. joining me now are kristin welker and cnbc senior economics reporter steve leaseman. the white house trying to control the narrative on this economy. inflation continues to be a major drag on their messaging. reporter: you are right. they are trying to put the focus on the fact that the labor market is strong, that the unemployment rate is low. but it is a complicated argu ....
Would do, i think modestly it will reduce inflation, specifically in a few key areas like prescription drugs, by raising taxes and closing these loopholes on hedge fund managers, cracking down on tax deadbeats, you will cool the economy a little. i wouldn t sell the benefits of that bill primary on the impact on inflation. however, it s directionally goes that way. it s not that large of a bill. what happens at the fed is clearly going to be much more impactful on inflation. david, i want to talk to you about the families of the 9/11 victims who are furious with donald trump for hosting that saudi-backed golf tournament at his new jersey club, 50 miles from ground zero. listen to former president s ....
Oversight committee, because nobody messes with joe. [applause] martha: that was a stand up and clap moment there. that was president obama back in 2009 promising an unprecedented oversight of the stimulus package. a new report is indicating there were stunning cracks in that system. a senate hearing is set to get underway on capitol hill and lawmakers are demanding to know why so-called tax deadbeats, companies and none profits who had not made taxes were turned around and given lucrative stimulus contracts worth billions of dollars. 3700 contractors were given stimulus money even though they owed collectively $750 million in back taxes. that seems odd, right? one company got more than $1 million in stimulus money even though it owed twice that in back taxes. do you think you and i would be treated this way? it seems unbelievable, doesn t it? let s bring in steve moore, ....
Thousands of companies they say got stimulus money and they were tax deadbeats at the time. what you have not heard about the caylee anthony case playing out in the courtroom. all of that coming up at the top of the hour on america live. we ll see you then. jon: new evidence connecting the dots in recent terror attacks against america. al-qaida s top bomb maker in yemen leaving behind a fingerprint. reporter: the f.b.i. will not publicly comment on the evidence in this case. they on firm investigators were looking for dna material that would link the underwear bomber who tried to bring the flight over detroit in 2009 to a saudi bomb maker. fox news was told that they believe the american cleric anwar al-awlaki who is now hiding in yemen was the middleman who connected the bomb maker with the 23-year-old nigerian to tried to blow up the christmas day flight. ....