shares in the swiss banking giant credit suisse fall to a record low as investors remain worried after the collapse of silicon valley bank. a high court in pakistan orders police to halt their operation to arrest former prime minister imran khan until thursday, following clashes between police and his supporters. conflicting accounts from washington and moscow as a us drone crashes into the black sea after an encounter with russian fighter jets. and a small number of wolves settle in belgium for the first time in more than 100 years as numbers rise across europe. hello. we start here in the uk where the chancellorjeremy hunt has been setting out his budget, pledging to build for the future . the uk economy is set to shrink this year, but it is no longer expected to enter a recession. mr hunt also says the inflation forecast is to fall from above 10%, to just under 3% by the end of 2023. but the labour leader, sir keir starmer, accuses the government of dressing up stagnat
huh? capital t for thing. hundreds of billions for climate change. deficit reduction and tax hikes. it could also turbocharge the i.r.s. more on that in a moment. dana: democrats named it the inflation reduction act. republicans say it s laughable and not even bernie sanders is buying it. i want to take a moment to say a few words about the so-called inflation reduction act that we are debating this evening. i say so-called, by the way, because according to the cbo and other economic organizations that have studied this bill, it will, in fact, have a minimal impact on inflation. dana: team fox coverage. marc thiessen is on deck with analysis. we begin with jacqui heinrich at the white house. democrats certainly think that bringing key priorities on healthcare and climate across the finish line ahead of the mid-terms will turn things around for them. poll after poll has shown that the biggest problem for the president and his party is inflation. and even though they ve
it is classified material. it was an unprecedented action that needs to be supported by unprecedented justification. the justice department needs to release the information about the steps they did take to try to cooperate with the former president. harris: we re also learning from our sources the d.o.j. does not want a review of the raid. that s almost laughable. the former commander-in-chief calls them corrupt and says the raid is all part of their played out attempts to undermine him. the white house is, of course, denying any political motivations. this is about the american people and doing what is right for the american people. the department of justice, when it comes to law enforcement, is independent and this is what we believe and what the president has said. this is not about politicizing anything. harris: the former president himself was talking with fox this morning and said he is willing to do whatever possible to help the nation after the raid saying t
incredibly important for policymakers and for washington. look, we ve got consumer confidence numbers tomorrow, i mean, they could be really rotten. we know that people feel terrible about where the economy is going, a lot of people feel like they are already in a recession already. terrible consumer confidence. we will get those numbers. on wednesday we have a federal reserve interest rate hike expected, we are expecting another 75 basis points. that s big. we saw that in june, 75 basis points that was the biggest move since 1994, we re expecting that again. why? because the fed is trying to tamp town on inflation. that s going to be incredibly important to watch. we will get the first reading on second quarter gdp that comes thursday and that s expected to be negative again and that would mean as you guys just said two quarters in a row of negative growth. that s a big slowdown from where we saw at the end of last year 6.9%. but gdp alone is not the only gauge of whether we
point. it s been ten days since the last press conference from the texas department of public safety. they have been referring all questions to the district attorney s office, but we ve asked the d.a. s office for any updates into this investigation, but haven t gotten any answers. even when approach in the person, the d.a. hasn t given those. we ve listened to a little bit, as you played the account of the teacher at the school. and for the survivors it is going to be a long journey ahead. that is why san antonio attorney and the parents of four injured child survivors are now suing the estate of the uvalde shooter, alleging in part they intentionally injured their young children, stole their innocence and forever changed their lives. the lawsuit went into more details reing in part, each of these children have undergone extensive medical care, some surgeries. they have experienced unimaginable emotional trauma. the emotional toll they endured is incomprehensible and will be