Shows that poorer households do suffer high inflation. These people are feeling it somewhere around 5 to 6 . Reporter thats because most of a low income familys budget goes to necessities, which are still rising, like rent, groceries and electricity. And theres new evidence people are using credit cards to cover the bills. For the first time in the u. S. Credit card debt has surpassed 1 trillion. We polled consumers that carry credit card balances about what was behind that. What caused it . Emergency and unplanned expenses was the top answer. But even everyday expenses, about 1 in 4 a sign of financial strain. Reporter now, gas prices have been ticking up in recent weeks. A little too late to impact the july inflation report. But if those prices keep rising it could add some Inflationary Pressure when the september reading comes around next month. Major . Necessities, they always matter. Carter evans, thank you. A political assassination in ecuador has thrown that country into a state
sign for the u.s. economy. inflation finally starting to cool off and it was flat for the month of july. consumer prices increasing by 8.5% year over year. that s slightly lower than the 9.1% increase back in june. and we ll be talking about what that means in just a moment. it is really good news for every consumer out there. plus, former president trump set to be deposed today by the new york attorney general s office. this is in connection to a civil investigation into the trump organization s finances. we have details on that. we are also learning this morning much more about that fbi search of president trump s mar-a-lago home. the justice department was concerned that trump had not returned sensitive documents, which could have national security implications. new details this morning about how trump may frame his defense in all of it. let s get straight to the good news. relatively speaking, on the economy, this morning. wall street poised for a positive open in just
time from top trump officials inside the department of homeland security. and outrage after republican lawmakers stand in the way of help for veterans exposed to burn pits. catastrophic flooding. at least eight people are dead in kentucky as rescue efforts are underway. cnn is live on the ground. and members of the controversial saudi-backed golf league teeing off at donald trump s new jersey golf course. they will be greeted by the protests of september 11th families . good morning to viewers here in the u.s. and around the world. it is friday, july 29th. the dam is breaking. f that from members of the january 6th committee. and there are new developments from both the committee and the department of justice in their investigations into the attack on the u.s. capitol. first on cnn, federal prosecutors are preparing for a court battle to force former white house officials to testify about donald trump s conversations and his actions on or around january 6th. the doj s p
beginning. it is really like a dam has broken, and people are coming in to speak to the committee. there is a very much an active investigation. one major point of have, the 25th amendment, the committee now seekingsome from cabinet members who discussed the possibility of removing trump from office. key witnesses include former treasury secretary steven mnuchin, daniel radcliffe and mick mulvaney who just spoke to cnn moments ago. all of this comes as we re learning a former doj staffer, someone who worked with jeffrey clark, the man trump wanted to install as attorney general in the days leading up to january 6th, is cooperating with the criminal probe. let s begin this morning with cnn s senior justice correspondent evan perez. evan, a lot of movement within the doj as they re attempting to skirt executive privilege. it was something the select committee was successful at getting accomplished. break down for us how the department plans to handle this. they re plannin
jon stewart goes to the hill and sounds off on the gop. they haven t met a veteran they won t screw over. o donnell: families of 9/11 victims blast donald trump as the former president hosts a saudi backed liv tour at his new jersey golf club just 50 miles from ground zero, his controversial comments. nobody has gotten to the bottom of 9/11, unfortunately. o donnell: monkeypox crisis: the major american city tonight declaring a state of emergency as cases explode. jetblue buying spirit: what the $3.8 billion deal could many for your next strip trip and how an nfl superstar is helping kansas city teenagers give back to their community. this is the cbs evening news with norah o donnell, reporting from the nation s capital. good evening, to our viewers in the west, and thank you for joining us on this busy thursday night. tonight, for the second time this week, catastrophic flooding has forced americans to flee their homes in the middle of the night, th