tennis legend billie jean king on the game changing moment for women in sports 50 years ago. this is nbc nightly news with lester holt. good evening. president biden tonight announcing his new plan to bring down high fuel prices the president calling on a somewhat skeptical congress to suspend the federal gas tax. that s currently around 18 cents a gallon for gasoline. 24 cents for diesel. a federal gas tax holiday will provide only minimal relief from the price at the pump which has trickled down to a still staggering average of $4.95 a gallon and the president is asking states to suspend their fuel taxes, too. gas prices are up nearly $2 a gallon in the past year helping to fuel soaring inflation. with limited levers at his disposal, the president faces increasing pressure to show he s trying to do something to blunt the impact of runaway prices but at what cost chief white hous correspondent kristen welker leads us off tonight. reporter: under pressure with gas pri
chairman acknowledged rate hikes could trigger a recession. it is not our intended outcome but a possibility. kristen, energy secretary granholm will meet tomorrow with the ceos of the big oil companies. what can we expect that s right. the secretary will push for more refining capacity saying the president could invoke the defense production act. and granholm says she will pressure the oil companies not to absorb any savings from a gas tax holiday so the money instead goes to every day drivers. lester thank you. this just in from uvalde, texas. school police chief pete arredondo on administrative leave this after the state s top cop blamed uvalde to the slow response to the deadly school shooting sam brock joining me now. sam, why now reporter: yeah. lester, initially the school district said they were waiting for the investigation to finish before making personnel decisions.
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Detailed text transcripts for TV channel - FOXNEWS - 20120502:11:24:30 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.