critical issues like taiwan and uk. a surprise among democrats to lower drug prices and address climate change. we re going to discuss with democratic senator brian schatz from hawaii. also new this hour, a u.s. prisoner swap proposal to bring wnba brittney griner and businessman paul whelan home from russia. what moscow is saying, ahead. we begin this hour with the state of the american economy. a short time ago the government reported economic activity fell by 0.9% between april and june. that s the second straight quarter it has fallen. moments ago president biden issued a statement on the report saying, in part, it s no surprise the economy is slowing down as the federal reserve acts to bring down inflation. but even as we face historic global challenges, we are on the right path and we will come through this transition stronger and more secure. also this morning, we learned that 256,000 people filed first-time unemployment claims last week. that s a slight decrease
doj cross hairs. cnn learning tonight that cassidy hutchinson, the aide to former white house chief of staff mark meadows, is now cooperating with the department of justice s investigation into donald trump s efforts to overturn the election. now, this is a major development, because of course, you know, hutchinson was a key witness for the january 6th committee. her testimony there providing a window into trump s state of mind in the days leading up to, and in those crucial moments of january 6th. she was in the room for some of the most damning and important conversations, including one that shows that trump knew that his rally could turn violent, because his supporters were armed. i was in the vicinity of a conversation where i overheard the president say something to the effect of, i don t care if they have weapons, let me people in, they can mar to have the capitol from here. knew they were armed and take the mags away, head for the capitol. ty cobb told us, if this
american, paul whelan at. we ll get to those stories in this hour. but we start with a big breakthrough in democrats efforts to pass a main part of president biden s agenda. prescription drug prices, taxes, and climate change. kirsten sinema of arizona has announced her support for the bill, calling it the inflation redact act. clearing the way possibly this weekend. the democrat agreed on some changes. including dropping a carry over interest rate tax. increase on some of the risk just of the rich. hedge fund, and private company executives. and changes to a 15% on corporate tax obligations. they could make amendments, but this film could be seen as historic changes for everyday americans. change is very popular according to a poll, by cutting prescription prices and refusing the deficit by 300 billion dollars. you heard that right. it would also invest in nearly 370 billion dollars to address climate change. and also, it would be interesting to think about it from a politic
it passed in spite of weeks of protests. new lap permits for borden shun only in cases of incest or. rape or if the fetus has a lethal anomaly. physicians would lose their licenses performing. portions the white house as it s another about a call step by republican legislators to take away women s reproductive rights and freedom input personal health care decisions in the hands of politicians rather than women and their doctors. meanwhile, in wisconsin, donald trump continue to push the big lie that he won the big election declaring this an except a week for his american first movement and marquette candidate that helped defeat. you probably saw that the trump endorsed candidates, like masters, easily won that nomination for the u.s. senate in arizona. terry lake won the nomination for arizona governor, to dixon won the nomination for michigan governor. john gibbs, great guy, defeated ryan or congressman peter meijer. peter my error. also new in texas, a jury added 45 p
revealing new details about the justice department s criminal investigation into the capitol riots. i am aware of other white house officials who have been reached out to by doj and are planning to cooperate. oh, really? yes. how worried should donald trump be? first, a cnn exclusive. the biden administration s new offer to russia. they will, the u.s. will, give putin back a convicted russian and let wnba star britney briner and former marine paul whelan come home. that s the offer. welcome to the lead. i m jake tapper. we start with our money lead. more crushing economic news for the american people this afternoon. the federal reserve announced another massive interest rate hike. three-quarters of a percentage point. a move that seemed unfathomable to many has happened twice in a row. the increase translates to americans paying more money for things such as mortgage loans, car loans, student loans. today s hike, of course, was not unexpected. feigni in fact, je