jacking up interest rates, raising bar owing costs. on thursday our first look at u.s. economic growth for the second quarter, another decline in gdp is expected. of course, two quarters of a loss in a row is a sign of a recession, so are we head there had? here is the treasury secretary. the labor market is now extremely strong. we are in a period of transition in which growth is slowly. we re likely to see some slowing of job creation, but i do i don t think that that s a recession. a recession is broad-based weakness in the economy. we re not seeing that now. we re not seeing that now, but here is this from someone who used to have that job, the former treasury secretary larry somers. i think there is a very high likelihood of recession when we ve been in in kind of situation before. recession has essentially always followed when inflation has been high and unemployment has been low. soft landings represent a kind of triumph of hope over experience, i think we re v
also, will the administration talk nancy pelosi out of her trip to taiwan as she riles up china with her travel. huge economic data released almost every day this week, will it point to a recession. and as russian forces strike the main ukrainian port is the grain deal between the two countries already in jeopardy? let s going to sunlen serfaty live for us on capitol hill. the january 6th committee doesn t plan any more hearings until september that doesn t mean they are not going to be busy. reporter: that s absolutely right. almost all the work the committee will be doing over the next month will largely happen behind closed doors. the committee says that a number of significant leads have come in and so they will be using this next month to gather new evidence, to talk to new witnesses potentially even or visit some previous witnesses who have already testified. this committee entering a crucial fact-finding mission over the next month. the house select committee i
christine romans. new day starts right now. from record-breaking heat to a controversial trip, these are the big questions for today, monday, july 25th. good morning, i m brianna keilar with john berman. so will the secret service testify before the january 6th committee as cnn reports missing text messages have been identified on the phones of ten agents. and will the committee subpoena ginni thomas the wife of supreme court justice clarence thomas over her push to overturn the 2020 election. will attorney general merrick garland takes action as one committee member says don t wait on us. record breaking temperatures across the country, can the nation s power systems handle the demand. and how does president biden s covid recovery end as his doctors refuse to answer questions from the media.