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Thanks -- -- congressman Ron Paul is looking for more information about the emergency loans the Federal Reserve made to banks during the financial crisis.
Robert -- in our newsroom with more details on a hearing that's to be held today on the issue Robert what kind of information is Paul looking for.
-- morning he's basically looking for all of that in fact he -- out.
Why some people were bailed out and they got these loans and how much exactly what's he get more details -- -- -- full disclosure.
From the Fed obviously Ron Paul of one of the biggest critics out there most vocal anyway at a Texas.
Represented -- there's -- chairman of the house financial services subcommittee on domestic monetary policy.
Quite a mouthful there he says that the Fed does not give -- disclosure in this Fox Business exclusive.
He tells us of this hearing today that -- he has -- do you subpoena power to get the records Paul says he's trying to increase transparency.
I want to keep pursuing a real audit of the Federal Reserve and find out why some people get bailed out other people down.
Why some people who were you know into the business and making big bucks on Wall Street.
And and dealing in derivatives if they get bailed out that the average person lose their jobs and lose their mortgage and lose her house is it just.
Is is a very unfair system.
And Fox Business of course -- for two years to get this information their Freedom of Information Act legal battle.
To get more information on these lines are made three confidential emergency lending program is called the discount window we'll have much more on this exclusive for you throughout the morning Diane.
Thanks Robert and house Republicans are meeting with the president today.
They'll be talking about the budget and debt ceiling among other things the meeting comes a day after the house overwhelmingly voted against raising the debt limit.
And that's because yesterday's measure did not include any cuts in spending.
Republicans say raising the debt ceiling must be tied it not only to spending cuts but big spending cuts and now here's -- Mornings alright so I'd die and actually sheik Mohamed is facing -- terrorism and murder charges those charges against AK SM and four others.
We're dropped back in 2000 denied when the Obama administration wanted to close Guantanamo Bay and try them in new York and now.
The five men will be tried on brief filed counts in front of a military commission.
All five currently being held it at gitmo and down could get one combined trial that might be how -- work things out there.
Donald Trump and Sarah Palin eating dinner together last night here in New York City.
They met for about fifty minutes -- trump tower and talked about the economy -- Palin says they agreed on ideas for turning the economy around trump says he hopes Palin runs for president but stop short of saying that he would supporter.
If she did.
Space shuttle endeavor landing safely back on earth for the final time this morning the crew of the endeavor including the husband of congresswoman Gabrielle Giffords.
Spent more than two weeks at the International Space Station.
In early July Atlantis will take off which will be the final flight.
In -- space shuttle program.
As you mentioned at the top the Miami Heat taking your early lead in the NBA finals.
He beat the mavericks last night in game one in Miami 92 -- before LeBron James and Dwyane Wade.
Able to combined for 46 points including that.
Fadeaway three from the broad but it was their defense and ended up winning the game shutting down the mavericks down the stretch.
And game two will be tomorrow night in Miami in the heat winning it in game one's -- -- it is now five minutes past the hour here on Imus in the morning and it's time to get your whether -- this morning in the national forecast from Mario Molina live in the Fox Business weather center good morning Maria.
Hey good morning Khan on I'm pretty excited about the heat and being able to watch that game coming up tomorrow finally it's going to be my day -- are looking forward to that otherwise travel forecast across the northeast.
We are gonna see some thunderstorms and before you got the thunderstorms things are really gonna heat -- you -- see another hot day out there upper eighties for New York City 91.
Your high in Philadelphia and then late afternoon -- to see the thunderstorms fire up some also planning to see some travel delays.
In airports like LaGuardia JFK and also Philly international behind the front a cooldown for Chicago in Detroit yesterday we had.
Those highs very warm now in the mid seventies very pleasant some sunshine.
And still another hot -- -- -- and now we're not see any precipitation today that -- -- states he or north so look at high and high temperature today at 96 degrees.
There is a risk for those storms and -- severe across parts of the northeast and also New England.
And as a second area that today we're watching out for severe weather stretching from Nebraska down into New Mexico.
We really need to -- in Mexico but unfortunately some of these storms could also.
Fire up some wild fires -- lightning.
Firing that -- so that's going to be something we're also gonna keep an eye out for in both of these areas we can see some large hail strong winds and isolated tornadoes possible com.
Our -- thank you for that remotely then the -- -- and moving right along this morning of a lot more coming up including happy Harry Connick junior a little bit later.
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