US President Joe Biden to propose increasing taxes on wealthy

The Biden administration plans to propose tax hikes on high-income earners, including a near-doubling of the rate paid by wealthy investors. The move isn't a surprise, but it still has investors feeling jittery. Also, with the latest mission to the International Space Station underway, we take a look at how Elon Musk's SpaceX has edged out the competition in the space race.