it s good to be back with you on this second hour. at this hour, president biden s critical next move. he says he has decided on the u.s. response to the drone attack that killed three u.s. soldiers in jordan but what it is, where, and when, he isn t revealing. plus, cori bush confirming she is the target of a justice department probe over her campaign spending. what we know this hour live from washington. plus, homeland security secretary under the microscope as house republicans hold another meeting moving closer to impeachment. our reporters are following all of the latest developments. let s start with keir simons now. president biden has made his decision clear. at least that he s made the decision clear, but what he s going to do against iran is an ongoing question. what s the latest, keir? secretary of state blinken not saying when the response from the u.s. might come, but saying it would likely be sustained over time, multilevel and could come in stages. as quest
reception from congressional lawmakers both sides of the aisle during explosive hearing today. but, first, china s very bad intentions for the u.s. via hacking. the head of the fbi sounding a serious alarm tonight. correspondent david spunt has details. good evening, david. bret, good evening. fbi director christopher wray chooses his words carefully and his words today sobering. china s hackers are positioning on american infrastructure in preparation to wreak havoc and cause real world harm to american citizens and communities. wray warned lawmakers during a hearing on cybersecurity and china s aggression. he says chinese hackers outnumber u.s. cyber personnel at least 50 to 1. u.s. intelligence agencies identified hundreds of routers that have been taken over by a china-backed hacking program called volt typhoon. the program injected malware into u.s. sectors like energy communications and water treatment. china s intent? to destroy or degrade the civilian critical
lower but to put that into context it was at zero in europe this time last year. and in the world s largest economy the us, the cost of borrowing is at 5% to 5.25%. but critics point out rising interest rates is a blunt tool that comes with its own set of dangers that can pose further risks to the economy. so what else can be done? well, central bankers are getting together today in portugal to chew over this challenge. joining me now isjennifer mckeown chief global economist at capital economics. good morning to you, jennifer. so it s a lovely location, portugal, you got christine lagarde there, andrew bailey, jerome powell among others, what do you think they will chew on? of course they re all increasing the cost of borrowering and in some places like the uk, so far it s having little effect. little effect. yeah, you re ri . ht. little effect. yeah, you re right. beautiful little effect. yeah, you re right. beautiful location, | little effect. yeah, you rel right. be