this before they head to the august recess on friday. i m john roberts in washington. this is america reports, a slimmed down version of build back better estimated, listen to this, to raise taxes on millions of americans across every income bracket, including, yes, those making under $400,000 a year. this despite president biden repeatedly claiming that it would do no such thing. one thing we are trying to get done in congress, pass legislation that won t raise taxes a single penny for anybody making less than 400 grand. you make less than 400, you will not pay a penny in taxes. make sure we pay everything without any one making under 400,000 paying taxes. sandra: rebranded as a way to reduce inflation across the country. a new study claims it will do the exact opposite and make the inflation situation even worse. john: all of this comes amid a potential crisis in asia. tensions rising with china as reports circulate that house speaker nancy pelosi could arrive in ta
thanks for staying with us. there is a growing international focus on nancy pelosi s big trip to asia after warnings from the white house and the pentagon against her going to taiwan, a major red flag for china s leaders, who have again today threatened potential military action. here at home communities throughout kentucky still underwater at this hour. at least 30 people are dead as catastrophic flooding, continuing rain, high temperatures and another wave of storms hampering the desperate search for survivors. jon stewart is back in washington rallying against senate republicans rallying against legislation to help veterans exposed to toxic burn pits in iraq and afghanistan. do you understand why this is important? this is the canary in the coal mine for the lowest bar. this government should be soaring the heights, not playing limbo and trying to get underneath the bars that don t mean anything and some of the biggest midterm races from michigan to california as nbc
inaugurated. i can t say it anymore clearly of what it means for washington, dc to be a sank taker city and be shire that people who live here feel free to call on their government for help. and call on the government dor help she did. red straight governors like abbott in texas and doozy in arizona have been sending illegals to our nation s capitol by bus for the last few months. some even arrived as recently as this morning. this is a very small, little, tiny portion. we re talking about 4,000 people out of millions who have crossed our border. and now that bowser is seeing what border states have been dealing with since biden and harris came into office, it s not in my backyard. the department of defense of course is jumping all over this saying, quote, the secretary takes this request for assistance very seriously. the question now becomes, if it s so easy for bowser to call in the national guard and get legitimate, immediate response from the department of defense,
. . rachel: fox news alert. showdown in the senate. lawmakers engaged in a vote-a-rama all night long over dozen of politically charged issues. will: live look at senate floor. senators continue to argue whether the inflation reduction act will do anything to help ease inflation. joey: alexandria hoff live in washington with the latest? reporter: this vote-a-rama is part of the senate budget process where senators allow unlimited amendments. senator graham opposed a amendment by maggie hassan. they wouldn t let you do this in professional wrestling. what you re doing is deceitful, is dishonest. we ll call you out. reporter: vote-a-rama started 11:5 according to chad pergram. likely wraps up mid-morning, midday today. senator collins had a statement about irs workers. this reconciliation bill is culmination of year of negotiations of democrats pursuing a stripped down version of the build back better bill. this one dubbed by democrats as the inflation reduction act. $433
get out the dictionary. we ll define recession for you. here is the bottom line. the biden economy is shrinking as the fed unleashes rapid fire rate hikes to stave off the highest inflation in 40 years. let s get right to it. maria bartiromo joins us now. go ahead and give us the news because they projected .5% on the positive side. the number was a negative .9. we are now in recession and we can confirm that because it is two quarters straight of contraction. the economy shrank in the second quarter by 9/10 percent on top of shrinking in the first quarter by 1.6%. now so far all of the commentary that i m hearing is talking about a shrinking of the economy but the good news for the economy is that job growth has stayed strong. that was why some people were questioning well maybe it is different this time. it is hard to believe that job growth can be up to 300,000 in one month when you are in a recession. what s different this time is that we have an inventory build-up. a l