it s backed off a bit, but if you look at the tech heavy nasdaq, it is off 4% and plunging. john: debbie dingle standing by with her thoughts on how this could affect her party s midterm chances. but first, to jacqui heinrich live on the north lawn this hour and rather ironic the president has a celebration of the economy this afternoon. how are they reacting to the cpi report? either the white house expected numbers a whole lot better than this or someone in the scheduling office had an unfortunate oversight and getting an earful. it is ironic they are hosting a bunch of democratic lawmakers here today to mark the signing, last month s signing of the inflation reduction act just as those new numbers come out showing inflation, core inflation shot up last month 6.3% in august, up from 5.9% in july. and that is a key metric that the fed watches very closely and these numbers are more than the 6.1% that economists predicted, the next set of rate hikes will likely be quite a
bret: breaking tonight, president biden says he has taken america from economic crisis to economic resurgence. the president talked about what he called unprecedented investments in his bipartisan infrastructure law to a group in boston today. americans are still focused on the economy and specifically record inflation that more than half say is has caused financial hardship for their household. white house correspondent jacqui heinrich starts us off tonight from the north lawn. good evening, jacqui. good evening, bret. officials here won t say if inflation has peaked yet. tomorrow we will see the numbers which could give us clues about how aggressive the fed might be in their next set of rate hikes. for now the president is out defending his spending that his critics say contributed to the problem. we re going to be spending a lot of money. president biden hit the trood argue he is spending taxpayer dollars where it s needed like 62 million at boston s airport inte
documents with classification marks. we are also learning additional details about the criminal justice implications possibly for the former president. he is calling federal prosecutors hacks and thugs tonight who had no write to storm his property and steal everything in sight in his words. correspondent david spunt is at the justice department tonight to begin our coverage. good evening, david. good evening to you in this redacted affidavit we are seeing a picture of federal prosecutors who had an escalating concern about documents stored at the home of former president donald trump. in justifying its search, the sworn affidavit notes there was also probable cause to believe that evidence of obstruction will be found at the premises referring to mar-a-lago. trump s team in january turned over 15 boxes of materials stored there. 15 of them containing 184 classified documents. 67 marked confidential. 25 marked labeled 25 top secret. the affidavit says some of the material a
already big changes are being made to the bill s final form. let s get right to cnn s manu raju live on capitol hill. manu, walk us through the process. reporter: democrats are trying to get to final passage of this bill after this marathon voting session that started at 11:30 p.m. eastern time last night. it is still ongoing. there have not been any breaks. it s unclear exactly how this is going to play out because there has been some last-minute drama that s affected senate democrats ability to get to final passage, this dealing with the issue of the corporate minimum tax, a 15% tax that would be imposed on businesses with more than $1 billion in income. that is a central component in this bill that would help pay for a number of the provisions dealing with health care and climate change, energy issues and the like. but there has been some concerns from senator kyrsten sinema about the 15% corporate minimum tax and its impact on some businesses that may make less than $1
going down. national border patrol council, art del cueto on border officials that are fed up and peter doocy on where the president is heading right now. let me just tell you, it s not at the border. welcome, everybody with busy news day. much more on the affidavit situation, the border situation front and center for the time being. there we go to casey stegall in eagle pass with a certain big visit today. casey? yeah, neil. the visit is wrapping up as we speak. secretary mayorkas made at least two stops here in this border patrol sector while he was on the ground. but no events were open to the press. so we did not get the opportunity to ask him any questions. they even wouldn t let the drone fly in the area once he was here. after landing in del rio, he traveled to eagle pass where the secretary visited a border patrol processing facility that opened last month. the 153,000 square foot facility is on 24 acres and has a capacity of 1,000. then mayorkas traveled down here