holiday. we hear the president and democrats could be cooking up. welcome. i m neil cavuto. let s get to it with jacqui heinrich at the white house. hi, jacqui. yeah, with gas prices where they are, the white house is considering an idea that they tabled. that s sending out rebate cards to americans. they re eyeing a decision by the end of the week on whether to extend a gas tax holiday. it is a short term solution as one industry ceo puts it that they say runs counter to the administration s broader strategy. the first year of this administration, they were focused on demand destruction. this could be an exercise in demand construction. the real focus here should not be on short term solutions like cutting the federal gas tax but long-term solutions to provide american energy security from american producers here in the united states. whether the fed can cool inflation without trigger ago recession, the white house is getting creative. yesterday morning larry summers w
are paying diesel. the president wants to suspend that through september. he needs congressional approval to get it done, however. members of both parties are a bit skeptical. dana: jason chaffetz echoed concerns of republicans who say it won t address the real issue. it s a pure gimmick and does not solve the problem at all. it really doesn t. we have a supply problem and the president has no plan other than to go to the saudis, cut some gas tax, tap into the strategic petroleum reserve, all of which are bad ideas. produce the energy at home and they can solve the problem. that s not what he is doing. bill: what is he doing? peter doocy joins us from the north lawn leading the coverage today. good morning. even if this gas tax holiday gets passed by congress, it is unclear this morning exactly how much help people are going to get. markets don t respond to gimmicks. the administration it is an unserious solution to a serious problem and they are just not takin
supreme court justice brett kavanaugh and top ranking senate republicans demanded to know why the justice department has yet to arrest or prosecute any demonstrators. anger tonight is the biden administration is set to punish those horseback border patrol agents were falsely accused of whipping migrants as they illegally crossed into del rio last year, they have been cleared of any wrongdoing but our bill melugin is at the border and is going to explain. the first state in the country to decriminalize drugs is turning into a disaster pickle fentanyl deaths are up and drug-related crime is soaring. we begin tonight with the white house blame game over the record high gas prices you are finding every single time you go to fill up. kevin corke, i think even posted a tweet about it today, good to see you. the president as you probably heard right now at with the speaker the house nancy pelosi along with senate majority leader chuck schumer, that meeting is meant to unpack the i
harry smith on the end of an internet era announcer: this is nbc nightly news with lester holt good evening today some tough medicine for an american economy racked by high inflation. the federal reserve raising a key interest rate 0.75% it s the biggest bump-up since 1994 a hike sure to be felt in the wallets of american borrowers. think higher mortgages rates and bigger credit card payments which we ll get into in a moment. what s it all about? the fed hopes the increase will start putting the brakes on inflation which is running at 40-year highs. gas, food, prices, you name it. it s all soaring investors liked the news today the markets rallying on the fed announcement policymakers weighing future increases while trying to steer around the risk of a recession. let s tell you what you need to know about all this starting with tom costello reporter: for days, the fed has telegraphed that it would go big today after acknowledging it should have acted sooner to rein in
overturn the 2020 election, what to expect from day three of the public hearings. plus, stock futures fall more than 1% after the fed implements the highest interest rate hike in nearly 30 years. the question is whether the move will drive down inflation without pushing the economy into a recession? and we ll have the latest from ukraine. as the united states pledges more aid, the leaders of france, germany, italy all arrived in kyiv overnight to show that europe is still committed to the fight for peace. good morning. welcome to way too early. on this thursday, june 16th. i m jonathan lemire. we appreciate you being here. the third hearing into the attack of the u.s. capitol is set for 1:00 p.m. today. it will focus on efforts to pressure former vice president mike pence into overturning the 2020 presidential election in a campaign that put the former vice president s life in danger. aides tell nbc news the hearing will hit four main themes, the theory that pence had t