three republican in the house and karl rove will also weigh in. sandra: big show coming up. first, fox news alert. move to the federal reserve that could impact every american. standing by for a major decision that would be the biggest interest rate hike in nearly 30 years. ok, we are waiting for it. hello, i m sandra smith in new, i don t. trace, great to have you. trace: you as well, i m in for john roberts, and this is america reports. fed decision will be a dramatic attempt to cool down the economy, increasing rates would make everything from a mortgage to a business loan to credit cards much more expensive. all this as president biden continues to deflect on inflation. refusing to take responsibility for the administration s role in skyrocketing prices. sandra: the u.s. has a higher inflation rate than many of the other major economies and the white house is promising a new messaging on the economy strategy with democrats ahead of the midterms. we ll dig in, bu
staircases. scenes not usually photographed by typical tourists. one of the men seen the next day walking from the president s rally. there s no escape, pelosi. schumer. nadler. we re coming for you. we re coming in like white on rice for pelosi, nadler, schumer, even you, aoc, we re coming to take you out. there is a lot more. we will have a report from capitol hill on the latest. the federal reserve today back in the spotlight with the expected announcement of the first big interest rate boost since 1994 to try to combat historic levels of inflation, which shows no sign of leveling off. president biden pressuring oil companies as prices at the pump soar, sending letters to seven refiners asking them to increase supply and explain their big profit margins and a meeting with the energy secretary about to happen. on capitol hill, more optimism about bipartisan support for a compromise gun safety bill. if it leads to a piece of legislation, i intend to support it. i t
hearing takes new turns. the january 6 committee accusing donald trump of scamming his supporters out of $250 million. laying 0 out the case that trump solicited money from backers by using lies as a fundraising tool. adding that he sent up to 25 emails a day, soliciting donations for illegal funds that simply didn t exist. but is it potentially criminal and will attorney general merrick garland pursue or prosecute it as such? those are the key questions emerging from the hearings overall. and there seems to be a new rift emerging from the january 6 committee itself on the very subject. whether they will make a specific criminal referral to the justice department. as for witnesses, some of the most stark testimony is coming from trump s former attorney general william barr who offered a line-by-line debunking of some of trump s ongoing lies about fraud. and he calls trump detached from reality after the election. cnn is live with the new reporting, trump s supporters, kai
his planned trip to the middle east including saudi arabia. on capitol hill lawmakers are racing to put together a new bill that addresses rising gun violence and pass it all before the july 4th recess. we ll discuss with congressman salud car ba hall. we ll highlight the key races to watch with steve kornacki at the big board. we ll bring you an update on the fight for ukraine s donbas region which ukrainian president zelenskyy says will go down as one of the most brutal battles in and for europe. we begin with the growing unease over the state of the american economy. right now the dow jones industrial average is 141 points 140 points up. you see the index at 30,654. this is one day after it fell nearly 900 points yesterday on worries about inflation and what the federal reserve will do when it comes to interest rates at its next meeting which gets under way today. at the same time the s&p 500 which retirement funds are pegged to entered bear market territory, having
peddled false claims of fraud even though he was told by his closest aides repeatedly, mr. president, you lost the election. daniela diaz is live on capitol hill daniela, do we know what bill steppian expects to say? reporter: we do not. he is testifying under subpoena. super notable he is appearing before the committee, and the second hearing that will take place later today starts at 10:00 a.m. we do also know was liz cheney said at the first primetime hearing that took place last week that this hearing will revolve around trump s effort to convince huge portions of the u.s. population that fraud had stolen the election from him despite the fact that numerous aides told him he lost the election. aides also told us that this hearing would show how trump s team pursued legal challenges in court and lost those cases and that trump chose to ignore the will of the courts and continued to try to overturn the election anyway. we are also planning to hear from chris stirewalt. he