this is an embarrassment to the senate, to the country, to the founders, and all that they profess to hold dear. comedian and veterans advocate jon stewart is here, standing up for veterans and explaining why this could be a matter of life and death. plus, right now the january 6th committee is interviewing high profile names from donald trump s white house, and they re in talks to speak with even more. welcome to the lead. i m jake tapper. heightened fears that the u.s. economy is on the verge of a recession or is already in one. the numbers released this morning show the u.s. economy shrank for the second quarter in a row. that is the common definition of a recession. this comes just hours after the federal reserve raised interest rates once again, forcing americans to pay more for loans or credit card bills. the official rules of whether we re in a recession will come from the national bureau of economic research. but joe biden is dismissing these concerns. he says
the economy. the new report out just today driving new recession fears tonight. and what president biden said about this today. and the american families from new jersey to kentucky, across this nation, who say no matter what you call it, we re feeling it. rebecca jarvis reporting. tonight, the big push. democrats racing to pass that surprise breakthrough deal on climate. it would be the most ambitious climate undertaking in u.s. history. the bill also lowers prescription drug costs, health care costs, taxing the very rich and corporations. so, do they have the votes? with joe manchin now onboard. rachel scott standing by live on the hill. also news tonight, this phone call between president biden and china s president xi. the call lasting more than two hours. president xi with a warning to the u.s. and will house speaker nancy pelosi and a congressional delegation visit taiwan amid these tensions? mary bruce with late reporting. russia now responding tonight to that u.
schumer on a major reconciliation bill that would lower prescription drug costs and invest hundreds of billions of dollars to combat climate change and clean energy programs. sinema s support is crucial to get the bill through a 50/50 senate and to the democratic house for a vote. vladimir putin s top spokesman was annoyed the u.s. had gone public about ongoing talks for a prisoner swap to free brittney griner and paul whelan. tony blinken is expected to call sergei lavrov for the first time since the ukraine invasion after shunning him since the invasion in february to talk about a possible swap. president biden spoke with china s president xi this morning as tensions have risen over potential congressional trip to taiwan led by nancy pelosi and the passage of a senate bill increasing competition with china in the semiconductor market. we begin with the president and the economy. joining me now, nbc white house correspondent carol lee, nbc capitol hill correspondent ali vi
morning. we have major announcements, joe biden will hold a phone call with the president of china. the state department offers a deal to russia to get brittney griner and paul whelan release from jail in moscow. at what price? we have the host of way too early and the bureau chief of politico, and the author of the big lie. we have u.s. special correspondent for bbc news, and the former chairman of the republican national committee. good morning to you all. let s dive in after a year and a half of on and off negotiations. joe manchin has reached a deal with party leaders to pass a number of democratic agenda items through the reconciliation process. in a statement, he wrote in part, this bill will cut the inflation taxes that americans are paying. it will lower prescription drugs and health insurance. it will ensure that we invest in energy security and climate change innovations. he went on, it is time to put away the partisan swords and advance legislation that is in the b
between the u.s. and russia and how soon paul whelan and brittney griner could be home as we go one-on-one with national security spokesperson john kirby. i m hallie jackson in washington on this thursday afternoon. carol lee over at the white house, jake ward posted up for us in san francisco, our business reporter. carol, let me start with you. this is time number two we re hearing from the president today on the economic news of the day. reporter: that s right, hallie. what you re seeing is not just the president but across the administration, a number of officials are out talking about the economy today addressing these gdp numbers. this is an effort to try to shape the narrative. part of what you re hearing from the president, you might be hearing bad news about the economy, but it s not that bad. he s also saying this is no surprise, that the economy was always going to slow down as the fed steps in and tries to address inflation. he s pointing to things like a strong