melugin and gillian. great it would have you in week two. and the dew points in delaware, and even some democrats are supporting investigation into classified materials. and we have lucas on the lawn of the white house. good afternoon, gillian. and they are he a they are curious why the president is at his summer house in delaware. and the president is going to the rehoboth home, does that have to do with classified documents found. it is relates to the documents, the president takes is seriously, i would reefer you to the white house counsel s office for any new developments coming from here and as relates specifically to the investigation, i would refer you to the department of justice. president biden first arrived in washington as a u.s. senator 50 years ago this month, when richard nixon was president. and and after days of ignoring reporters questions about his classified documents the president responded late this week. i think you re going to find there s
to you, i m jim sciutto. and i m bianna golodryga. we are following several major stories for you this morning. soon family members and the memphis community will gather for tyre nichols funeral to celebrate the life of the 29-year-old whose brutal death at the hands of police sparked protests across the nation. the families of george floyd and breonna taylor who have experienced similar losses are expected to be there. vice president kamala harris will also attend after an invitation from tyre nichols apartments. we will bring you the funeral live when it begins. right now house republicans say they re talking strategy ahead of president biden and house speaker kevin mccarthy s meeting over the debt ceiling this afternoon. both sides are standing firm so far. republicans threatening to bring the country closer to defaulting on its debt as they demand spending cuts. the white house vows there will be no negotiations when it comes to paying the nation s existing bills. p
bolduan starts right now. hello, everyone. at this hour we ll begin with breaking news, the fbi is searching president biden s home in rehoboth beach, delaware right now. this is part of the ongoing investigation into his handling of classified documents. biden s attorney put out a statement saying the search was planned in advance and that the president is cooperating. today s search now makes it the third known location that federal agents is gone through to look for classified material at the properties associated with president biden. paula reid is joining us with much more. this all started really unfolding just a little while ago. what are you learning? reporter: that s right. pool cameras captured the federal agents. and we had very much sxelgtsed t expected that there would be a search of that property. and it is in cooperation with the president s attorneys. but to explain why we expected this, let s go back to the beginning of the situation. they uncovered class
. hello and welcome to inside politics. i m john king in washington. thank you for sharing a busy breaking news day with us. the fbi searching joe biden s rehoboth, delaware home right now. this as the special counsel is investigating how classified documents ended up where they don t belong, marks his first day on the job. plus, the speaker summit. today kevin mccarthy finally si sits down with joe biden at the white house for the first time as house speaker. expectations are low, but the stakes, including for you, are quite high. nikki haley is ready to take the 2024 plunge. cnn learned a formal presidential campaign announcement is coming. she would be the second to declare, others timid because donald trump went first. we all know he s never kind to competition. we begin the hour with a remarkable legal event happening right now. the fbi is searching president biden s vacation home in rehoboth beach, delaware. the president s attorney plays down the significance s
spending. and let s begin in washington, d.c., where the federal reserve has just announced its latest decision on interest rates. economists predicted an eighth straight rate increase as the central bank tries to tamp down inflation without causing a recession. matt egan is inside the federal reserve. what s the decision? reporter: 25 basis points, the fed just delivered its eighth straight interest rate hike, lifting interest rates to the highest level since 2007, all part of the fed s quest to get inflation back down to healthy levels. but importantly, the fed is dialing back the pace of these interest rate hikes. going from 75 basis points this past summer and this past fall to 50 basis points in december, to this more traditional move of 25 basis points today. now, this was widely expected, widely telegraphed, and yet, it is a significant strategy shift, nonetheless. the fed is still trying to slow this economy to cool off inflation, but they ve gone from slamming the