past 11 days in a row. american families forced to spend an average of $5,000 a year on gas compared to $2800 a year ago. interior secretary deb holland refusing to concede it is too big a burden to bear. americans are still recovering from this terrible pandemic and there are a lot of other world events that are making things difficult for all of us. so it sounds like you are unwilling to say that gas prices are too high. we re doing all we can, senator. dana: grady trimble is following the story from chicago. good morning. good morning. gas prices are expected to keep rising this summer so when interior secretary deb holland wouldn t acknowledge in that hearing that gas prices right now are too high, it certainly raised eyebrows. we re doing all we can, senator, production on federal lands is up. it s a 45% increase from 2020. that s new drilling. that s up. but the production is also up. it s at an all-time high. president biden is allowing drilling on federa
questions if both were too slow to act. as mentioned, another tough day on wall street. the dow lost 237. the s&p 500 fell 23. the nasdaq dropped 30. today another new high for gasoline prices with the national average reaching $4.59 per gallon. the rising rates forcing some to cancel vacation plans this summer. we will address these issues and more with senate minority leader membership mcconnell in just a few moments. first, fox business correspondent grady trimble is in chicago where gas prices are soaring. good evening, grady. good evening, bret. on wall street, it wasn t as bad as yesterday but all three of the major indexes are down big this week. the nasdaq getting hit the hardest. dropping more than 3.5%. investors are worried rising costs and falling consumer demand are eating into company s bottom lines especially after disappointing earnings from two of the country s largest retailers. retailers are also concerned about the rising fuel costs which could in turn i
driven by soaring energy costs and rising food prices. the uk chancellor said the next few months would be hello, and welcome to our look ahead to what the papers will be bringing us tomorrow. with me are the writer and broadcaster kate bevan, and the former conservative adviser mo hussein. our chat ourchat ina our chat in a moment, a quick look through some of those front pages. the metro leads with the cost of living crisis, and claims that some families are getting food poisoning because they re turning off their fridges and freezers to save money. the ft focuses on comments by the chancellor that the next few months will be tough and that he can t control global forces . the guardian leads with comments by the new chief inspector of constabulary, who says the cost of living crisis could lead to an increase in crime. the mirror highlights research suggesting prices are rising faster for poorer people because they spend a bigger share of their income on food and fuel. th
Another seems to open. Enter, the New York Times Front Page Story of a secret plan by Trump Associates said to be backed by kremlin about the Armed Conflict with Russian Allied forces within its own borders. In other words, while the fbis investigating an alleged back channel during the election between russia and the Trump Campaign, there may be another previously undisclosed back channel between russia and known Trump Associates. But before we dive into the times report, a little context. Throughout the entire russia controversy, the president has repeatedly denied having any russian Business Ties. I own nothing in russia. I have no loans in russia. I dont have any deals in russia. Russia is fake news. Russia is fake news. But thats a relatively recent claim. In 2008, for instance, donald trump jr. Told an interviewer, russians make up a pretty
disproportionate crosssection of a lot of our assets, say in dubai and certainly with our project in soho. We see a lot of money pouring in f