democrats big new budget deal. despite objecting to it just two weeks ago. now, we don t have all the details yet. but he one page summary says that the deal will make progress in some pretty big areas, including a 15% minimum tax on corporations, along with other unnamed provisions to make the ultra wealthy pay their fair share of tax. lowering affordable care act premiums for millions of americans, allowing medicare to negotiate the price of prescription drugs, something democrats have been trying to achieve for over a decade. increase clean energy production and, this is a big one, decreasing carbon emissions by 40% over the next eight years. which of course would be huge. it s already been called the biggest climate bill in american history. tonight, senator schumer s office has released the text of the bill. it clarkson at 725 pages. obviously this is not a done deal yet. reactions from other democratic members of congress have range from cautious optimism to outright fr
good evening once again, i m stephanie ruhle. we re learning more tonight about the justice department s criminal ingrained to january 6th. we found out earlier today that federal prosecutors obtained a warrant to search the cell phone of trump lawyer john eastman, back on july 12th. you remember, he was the guy behind the plan to get mike pence to overturn joe biden s victory, by rejecting electors from certain states. eastman, if you recall, took the fifth 100 times during his deposition with a house select committee. meanwhile, there are new reports that former white house aide cassidy hutchinson is now cooperating with the justice department s investigation. hutchinson testified at one of the january 6th committee s public hearings last month. today, senators were asked about the doj leading up to january 6th, and here s what they said. the mounting evidence in the investigation is well warranted, and they re all to be serious consideration. because the walls are cl
chuckat schumer, released a joi statement, with senator manchin saying that theem west virginia democrat will now support, not oppose, but yes, support the democrats rt big new budget dea. despite objecting to it, just two weeks ago. now, we don t have all the details yet, but a one-page summary says that the deal will make progress in some pretty big areas. including a 15% minimum tax on corporations, along with other provisions to make the ultra wealthy pay their fair share of tax. lowering affordable care act premiums for millions of americans, allowing medicare to negotiate the price of prescription drugs, something democrats have been trying to achieve for over a decade. decreasing energy production and decreasing carbon emissions over the next 40%. which would be huge. and 725 pages. obviously, this is not a done deal yet reactions from other democratic members of congress have ranged from cautious optimismge to outright frustratn at having apparently been kept out of t
morning. we have major announcements, joe biden will hold a phone call with the president of china. the state department offers a deal to russia to get brittney griner and paul whelan release from jail in moscow. at what price? we have the host of way too early and the bureau chief of politico, and the author of the big lie. we have u.s. special correspondent for bbc news, and the former chairman of the republican national committee. good morning to you all. let s dive in after a year and a half of on and off negotiations. joe manchin has reached a deal with party leaders to pass a number of democratic agenda items through the reconciliation process. in a statement, he wrote in part, this bill will cut the inflation taxes that americans are paying. it will lower prescription drugs and health insurance. it will ensure that we invest in energy security and climate change innovations. he went on, it is time to put away the partisan swords and advance legislation that is in the b
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