and avoid reputational damage. we start with the day ahead here in the uk with a new prime minister in waiting. and as you ve been hearing from day one, liz truss has a monumental task ahead, both economically and politically. rising inflation and the high cost of energy is at the forefront of voters minds with households and businesses desperate for help. no surprise then that the energy crisis is top of the new prime minister s agenda. a freeze on energy bills is understood to be one of a number of options being worked on. that could mean bills are subsidised and the current price cap ofjust under £2,000 would be maintained for two years. the cap would be repaid in loans over the next 10 to 20 years, plus help for businesses is expected to be unveiled. scottish power estimates the two year package of energy relief could cost around £100 billion. joining me now is douglas mcwilliams, deputy chairman of the centre for economics and business research. this government plan w
this christmas sunday, as we wrap up 2022, we can t ignor the fact that it s been a toug year over the past 12 months, there s been a recurring theme and the stories we ve covered. the fight for democracy here and abroad we have witnessed th resilience determination of th ukrainian people as they continue to resist russia invasion over in a wrong, the death o mahsa amini sparked mass protests and civil unres against the ruling regime. here in the u.s., voters pushe back pushed back at the ballot box. overcoming ideological differences to reject election denialism. and as we head into the ne year a new poll by ipsos showe that 65% of adults worldwide say they re optimistic tha 2023 will be a better year for them then 2022 earlier, i spoke with the most reverend michael curry and dr. barry see black. chaplain of the senate who reminded us that in a worl that can often seem dark, ther is always one thing that can provide light and guidance hope the most reverend michael curry
inflation in this country? o donnell: surprise trip: ukraine s president zelenskyy visits a newly liberated city, and our own debora patta is there with the latest on the lightning offensive. we are coming back, and we are on the way to the end. o donnell: and boston bomb scare. the f.b.i. investigates after a reported explosion on a college campus. cbs jeff pegues has new details. this is the cbs evening news with norah o donnell, reporting from the nation s capital. o donnell: good evening to our viewers in the west, and thank you for joining us on this historic wednesday night. tonight, the general public began saying its final good-byes to queen elizabeth ii in london. the late monarch will lie in state until her funeral on monday. you can see mourners inside westminster hall tonight, the queen s coffin surrounded by royal body guards. hundreds of thousands are expected to pay their respects over the next four days. at one point, the line stretched nearly three
the fed scrambling to tame prices for seven consecutive rate increases bringing interest rates to the highest level in 15 years. chairman power makes it clear that at the final meeting of the year there is more work to do and more payment had. you wish there was a completely painless way to restore price stability. there isn t. this is the best we can do. but i do think that the markets are confident that we will get inflation under control we are certainly highly committed to do that. bringing in our panel. and editorial board member kyle peterson. mary, i appreciated the candor of the fed chair what this will take that what are your lessons of policy? what you have to take away from that clip is that jerome powell understands the importance of credibility if that is not a credible manager of inflation, then it gets out of control. it was just over one year ago that jerome powell said that transitory may not be the best way to describe the inflation problem and since t
extremists. the election and they re not making a down the line. obama attacking biden over rage. politics over some in office or who aspired office worked to stir up the vision to make folks as angry and as aparade of one another afraid of one another for their own advantage. stirring up division and making people angry and afraid for their own advantage and who could he be talking about other than mr. red rant in philadelphia, mr. jim crow 2.0. yes, the angry old man in the white house, mr. joe biden. evening, everyone. welcome to the next revolution and we re pro family and more we ll get into the debate on who s dividing america later in the show and we start with the all important midterms. a month ago about what would be the decisive factors in the elections. at this stage, it is not about persuasion. it is about setting the agenda and turning out the vote. it s too late to persuade people, you re tough on crime if they they you re soft on crime and too late t