the trump orbit hit with a maximum 1. 6 billion dollar fine for tax keen days after its cfo sentenced to jail at rikers island. so what now? and for a wild week in congress, including multiple calls for a congressman to resign, to the return of the golden globes, our friday night cap is here on all of it, as the 11th hour gets underway right now. good friday evening. i m stephanie ruhle. new signs tonight the republicans running the house may be setting the stage for the first major showdown in the new congress, one that could have a huge impact on our economy. today treasury secretary janet yellen sounded the alarm telling congress the united states is set to reach its debt them and let next thursday. yellin said she would have to start taking stormy mitch or s to keep paying the nations bills if lawmakers do not raise that limit. she added, if nothing gets done, the united states could go into default by early june. the washington post reporting house republican preparing f
li on the difference in 24 hours. susan? a new reality that inflation is higher and may stay elevated for some time. today s wholesale prices are the inflation that producers pay still much higher than a year ago. sure, coming down from the previous month. couple that with yesterday s consumer price jump and we re close to the 40-year highs and that s more than four times the way the federal reserves thinks is healthy for the economy. close to a third predicting a full 1 percentage point rate hike from the central bank. that could be the biggest central increase since 1984 when paul volcker was fed chair. before yesterday s report, that probability was at zero. elon musk weighing in. he thinks the federal reserve should cut interest rates because of the drop in lumber, cop per and oil. nobody is expecting a cut in rates until next year. stock market didn t recover much from yesterday s sell off. you have more job cuts by big technology companies. that s why some are calling
past 18 months over the course of the biden presidency so far. that came from the heritage foundation from analysts there that compares it to what is basically taking the titanic into an iceberg. art laffer, the economist that helped turn around this ship under reagan said this in reaction to this report. this inflation number is accelerating. it s not toning down or topping out. brit hume joins us in moments on the political blowback for president biden and what that looks like as we head to the mid-term. first, let s bring in jackie deangelis and mark tepper. thanks for being here. $6,800, jackie, is the bite that s been taken out of people s income if you have mom and dad both working in the home. how does this shape up? first, it was 3,500 and then $5,000 and now it s $6,800. it keeps going on. my biggest problem today even though they re trying to explain it away saying it s backward looking, that doesn t mean it didn t have an impact on people. they re paying more
Under fire right now. More than two dozen injured but i rainian proxies in iraq and syria. The new house speaker, mike johnson, promising to pass a resolution in complete support of israel. Exactly how far will that go . How far should it do . Well ask gop president ial candidates Chris Christie and tim scott. Theyre here. Your world is right now. Welcome. Im neil cavuto. Glad to have you with us. First mike tobin in southern israel as troops are there and the pentagon urges caution here. Mike . Neil, israels Prime Minister took to the airwaves today and countered what amounts to a bomb shell saying israel agreed to delay the Ground Invasion while the u. S. Got defenses like Patriot Missile batteries and iron dome batteries in place to protect u. S. Forces in the region. Prime minister netanyahu told the nation today that israel will decide when the invasion begins. The timing of what idf is going to do is based on the cabinet. When we get to gaza, we will exact the highest price for t
Erupting in the middle east out in streets in force. The Demonstration Ignited by israels response to the enter bret barbaric. Im bill hemmer, welcome to the coverage in new york city. Dana im dana perino. This is americas newsroom. It has been an incredible week. A heavy week. Bill we praise for what could come next. Dana israel is urging more than a Million People to evacuate in gaza and giving them 24 hours to do so. Bill hamas urging civilians to ignore the Evacuation Orders as israel masses forces for a difficult Ground Invasion. That operation would see troops scouring hundreds of miles of underground tunnels, hunting Hamas Terrorists where they live. Dana the u. S. Is on heightened alert after a former hamas leader called for a global day of rage. A live look at time square. There is no specific or credible threat but everyone should remain vigilant. Team fox coverage. Mike tobin in israel. We begin the trey yengst in the israel gaza border. Good morning, trey. Bill and dana, go