interest rates in hopes of slowing inflation. and this morning, a key report could provide a better outlook on our economy s health. meanwhile on capitol hill, senator joe manchin finally agrees to a major deal on climate, health care, and taxes, and we ll break down what s in that reconciliation package. and potential prisoner swap for brittney griner, the state department says there s a substantial offer to bring the wnba star, and another american, back home. good morning, and welcome to way too early on thursday, july 28th. i m jonathan lemire. thanks for joining us. after nearly a year of, a year and a half of on and off negotiations, democratic senator joe manchin says he has reached a deal with party leaders on a sweeping reconciliation package. in a statement yesterday, that surprised even most democrats on the hill, the west virginia lawmakers announced an agreement on what is being called the inflation reduction act of 2022. writing in part this, this bill
are hit with major delays at the nation s a airports, a lot of pain at pump and sky-high groce ifly bills. that has a lot of americans asking this july 4th weekend, when is freedom from these challenges coming? we re tracking all of it with alexis mcadams at missouri s laguardia international airport new york s, kelly to grady and stew leonard jr. from his supermarket in norwalk, connecticut. happy fourth, everyone. hope you re dealing with some of the headaches but all of the patriotic positives that comes from this special weekend. i m neil cavuto. let s get right to it with alexis mcadams at new york s laguardia airport with how the crowds are handling the pressure. reporter: hi, neil. that s right, yeah, there s a lot of pressure and people worried if their flight s going to be delay or canceled, but after we ve had so many air travel delays, people are not surprised if hair flights are canceled or delayed. take a look, this is at jetblue area where people are trying
plus the crypto crash deepens. could it spell disaster for el salvador s multi million dollar gamble on bitcoin? we start in the us where the federal reserve has announced the biggest rise in borrowing costs in 28 years. the fed raised its key interest rate by three quarters of a percent and signalled more big increases are on the cards. as our correspondent michelle fleury reports, from washington, it s battling to control the worst inflation in four decades. intensifying its five figure inflation which is currently at a a0 year high reserve raised its key interest rate by three quarters of a percentage point to a range of 1.5 to one and three quarters of a percent, move that will push up borrowing costs for and company. us interest rates haven t been hiked by this much in one go since bill clinton was in the white house in 199a, the size of the mood something federal chair reflected on during his press conference. clearly the 75 basis point is an unusually large one a
remember what trump told the crowd at the elipse hours before the attack. mike pence, i will tell you right now, i m not hearing good stories. i hope that our great vice president, our great vice president comes through for us. he is a great guy. of course if he doesn t come through, i won t like him quite as much. [ chanting ] trump s public push contributed to the riot which included threats against pence s life. and two pence aides will appear live this morning. counsel to the vice president and a retired judge and informal adviser. and also expect to see video from the deposition of marc short who appeared yesterday, telling wolf blitzer how he warned the secret service the day before the riot. it became clear that the disagreements that had been discussed i think between the president and vice president? and the staffs were about to become far more public. and i think with thousands of people dekrscending upon washington, i thought it would be important.
Welcome to all of you watching us here in the United States, canada and all around the world. Im kim brunhuber. Were following two major stories on cnn newsroom. Israel is wrapping up raids in gaza. We begin with an urgent manhunt for the suspect in two Mass Shootings in maine. Law enforcement surrounded the suspects last known order for hours on thursday. Authorities were heard shouting, youre under arrest and come out with your hands out, but it appears the suspect wasnt there at the time. Police are looking for this man, 40yearold robert card. He is considered armed and dangerous. He is charged with multiple counts of murder. Officials are telling residents in the areas around lewiston, maine, to stay vigilant, remain inside and lock their doors as they search for card. The suspect was seen carrying a highpowered assaultstyle rifle during the massacre. Susan collins who represents maine says she supports a ban on highcapacity magazine but says that guns arent necessarily the problem