state republican incumbent precisely following trump will find themselves on the menu. these are the first so-called trump s revenge primaries you can say. the january 6th committee hearing gotten underway, the first time since the broader electorate had the opportunity to hear testimonies about the event leading up to the insurrection and donald trump s possible role in fermenting and pushing known election lies. known because his family members and what aide were learning. trump is not on any of these ballots. the connective tissue is a platform that echoes his sentiment. as much as the committee tried to convey of what we saw on january 6th, is a continue threat. the question is whether hearings impact the voters at all? and even still the 2020 lies are casting a big shadow over many of these 2022 races. in south carolina, the polls are closed but votes are being counted. you got two incumbent republican members of congress in this deep red state. tom rice is one of ten re
8.6%. americans, you, we, are feeling this nearly everywhere, nearly everything is more expensive, including the cost of gas which remains at historic highs. the biden administration taking new steps to lower those gas prices. this morning presidentiesident calling on energy companies to do more. also this morning, the january 6th committee is teasing ahead to its next hearing, tomorrow, they released a portion of a taped deposition with a former white house lawyer. now the committee is saying that thursday s hearing will focus on president trump s effort to pressure then vice president mike pence to block the certification of the election. we will have much more on that, in just a moment. let s begin this morning with cnn white house correspondent arlette saenz. arlette, president biden is making strong demands from oil companies, this morning, as he tries to do something about the soaring gas prices. reporter: yeah, president biden is trying to ramp up the pressure on
years, marking the central bank s most aggressive move yet to bring down the soaring costs of food and gas and almost everything else. inflation is not easy. just days ago we learned it s at the highest level since 1981. the fed released a darkening forecast projecting more inflation and higher unemployment. joining me now matt egan. we heard from the fed chairman. he signalled more rate hikes. what did you learn? reporter: well, victor, clearly inflation is on fire. today the federal reserve officially called in help for some reinforcements. taking aggressive steps to raise interest rates and fed officials are signaling that even more aggressive steps may be needed to get inflation under control. listen to what jerome powell just said. we anticipate ongoing rate increases will be appropriate. the pace of those changes will continue to depend on the incoming data and evolving out look for the economy. clearly today s 75 basis point increase is an unusually large one. from
that includes 18 more howitzers on top of what the u.s. has sent in. more than 36,000 rounds of artillery ammunition, and ammunition for the himars system, approved earlier this month. four of those weapons systems, multiple launch rocket systems that can strike at a far greater range. that s about a third of the billion dollars. the other two-thirds is known as the ukraine security assistance initiative and that will go to purchase through direct contracts with weapons manufacturers more weapons for ukraine. that includes two harpoon coastal defense systems, thousands of night vision goggles, thousands of radios so that won t be as fast, but the u.s. s position is the fight in eastern ukraine is an incremental fight. russia, yes, is making gains, but there is still time to get the critical systems in. how will we find out and when will we see this? the chairman of the joint chiefs of staff said the training on that advanced himars system for the first group wrapped up today.
the padres playing great as well. such a great division. can you believe the angels collapse? yankees initiated that and sent them into a tailspin. really? they lost 12 or 13 in a row before they finally won. loaded with talent but struggling a bit. stock futures are on the rise as investors anxiously await the federal reserve s action to tame surging inflation. this as president biden lashes out at republicans for blocking his economic agenda. msnbc s stephanie ruhle will join us to break it all down and the challenges ahead. and we walter isaacson with us. we were talking about presidents and inflation before. jimmy carter, i mean, you know, he had volcker, volcker tamed inflation. right. but there were so many global forces, external forces, you know, we like to think in america that presidents control the economy. there s so many external forces right now. especially now. especially now with two years of covid, the pent up demand. i understand bi