bernstein, joins me ahead. and proxy battle. republican primaries pit sitting governors against former president trump, who says it s a matter of when, not if, he runs. what will the gop look like in 2024? i ll speak exclusively to the republican governor of arizona, doug ducey, next. plus, 187 minutes. the january 6th committee will lay out what former president trump did during the insurrection. i look at it as a dereliction of duty. he didn t act. is it a crime? i ll speak exclusively to january 6th committee meeting elaine luria in moments. hello, i m dana bash in washington where the state of our union is really feeling the price hikes. president biden is back in washington this morning and brushing back criticism of his meeting and fist bump with saudi s brutal crown prince this week. do you regret the fist bump, mr. president? why don t you talk about something that matters. i m happy to answer a question that matters. the face-to-face in oil-rich saudi
more on all of that later this hour. but first the critical decision set to drop soon from the federal reserve. and cnn business correspondent rahel solomon is here with us. walk us through what is to come in the next hour or so and why it really matters. so the expectation is that chairman powell will raise rates about three quurs of a percent. that is not one to one in terms of borrowing costs. we won t see borrowing costs raise 75 basis points. but it does influence all of the categories. so costs will continue to go up. and i want our viewers to enter understand what this really means for them, for their wallets. and i know you ve pulled a few examples. yeah, i ve been working the phones. let s start with credit cards. we ve already seen credit card rates accelerate quite rapidly this year. and right now the average rate is about 17.5%. according to bank rate, if you are holding a $5,000 balance which is the national average, you have a current ampt pr of 17.25%, if
i m having a meeting with a group of governors when i get home on friday. and i ll have announcements to make then. reporter: the president was pressed on the politics at home, after wrapping up meetings with world leaders on ukraine. russia, russia, russia. reporter: western leaders rallying around ukraine, as russia s invasion drags on, but declining to predict when the war will end, only saying their support won t. we are going to support ukraine as long as it takes. reporter: an added cop my c complication, rising energy prices. prices at the pump are higher in every country. we re better positioned to deal with this than anyone. reporter: despite soaring gas prices, biden asserted that the economic pain won t deter the united states from supporting ukraine. i don t know what how it s going to i would, but it will not end with the russian defeat of ukraine in ukraine. reporter: and jake, on that front, he did say the united states is preparing to s
abortion rights still enact a decades old ban? what happens with abortion pills? where can they and can t they be mailed? what about the politics, can a republican congress with a republican president now move to restrict all abortions across the can country? what can democrats do to reverse this, if anything? at least ten states quickly moved to implement laws effectively banning abortions since friday, some happened with trigger laws, another five states expected to enact further laws limiting abortion and all 26 states have laws that indicate they could outlaw or set extreme limits on the procedure. there were some protests across the country over the weekend, they were largely peaceful. and as some states move to restrict abortion rights others are taking steps to protect access and funding. some major companies are pledging to provide support not just for employees, in some cases they re saying they re going to provide support for dependents in states where abortions a
climate change. the high court curbed carbon emissions at the time when scientists are sounding the alarm on the case of dploeshl warming. also today, president biden lashed out over their decision to overturn roe. he supports a filibuster carveout for congress to codify abortion rights. he said that at the nato summit in madrid, where he announced new aid for ukraine. we will discuss this a little later, first, new developments in the january 6th investigation. resources tell cnn that cassidy hutchinson, the former aide was contacted by someone in the former president s orbit to try to influence her testimony. those revelations so damming that the committee has now issued a subpoena for one of the central figures in the west wing, pat cipollone, the former top lawyer at the trump white house. cnn congressional correspondent ryan nobles. do we know who was trying to influence tuesday s testimony? reporter: we do not, alisyn. you remember the end on tuesday after hutchin