policies on capitol hill this week. telling lawmakers the $1.9 trillion american rescue plan contributed only modestly to higher prices even as she acknowledged inflation levels are unacceptably high. 8% inflation is an unacceptable inflation rate in the united states and it is president biden s number one objected to get that out. paul: let s bring in cabot former chairman of the council of economic advisers at the white house and distinguished visiting fellow at the hoover institution. welcome kevin. so peak inflation. everyone has said it has picked it has picked looks like it is peaking or that peaking keeps going to higher peaks. what is everybody missing in the markets? everybody really isn t everybody. if you look at google searches for inflation then my friend joe sullivan did a really interesting piece where he correlated google search for inflation with the inflation rate. right now americans are searching at the rate they would do if inflation were 9% which is
legitimate reasons why people would want to have them. why do you think people need to have ar-15s in this country? you are talking about a constitutional right to keep and bear arms. if we can introduce to them safely, they normally say that thing s not even scary. live from london, this is cnn newsroom with max foster. wednesday, june 8, 4:00 a.m. on capitol hill where in the coming hours u.s. lawmakers will hear the testimonies from the families of mass shooting victims reflecting on the lives they have lost. while gun policy, talks on a bipartisan deal, carry on, many believe it is not enough for the families who have lost loved ones to gun violence. on tuesday, the u.s. senate heard from some of those families, they called on congress to take action on gun reform and hate crimes. one man s mother was killed when a shooter opened fire at a grocery store in buffalo, new york last month. he remembered his mother as the heart of the family. what i loved most ab
terrible idea from the start, it needs to remain dead. jason. this is a missed for boris johnson, prime minister of britain, a no-confidence vote monday, he survived it but he s been shown to be unpopular among his fellow conservatives, partly due to breaking his own covid protocols and holding drinking parties and now he s under investigation for lying about it but it also has to do with not distilling his economic agenda, taxes have gone up, regulations have not fallen in a warning to republicans who might want to flirt with redistribution policies. all right, dan. minus goes to people protesting outside of america s meeting this week because the dictators in nicaragua and venezuela weren t invaded. some may wonder, joe biden this
making headlines. kaitlan collins reports from washington. reporter: a presidential summit off to a rocky start before it is even under way. the president is looking forward to leaving tomorrow to head to the summit. reporter: president biden set to host the summit of the americas in los angeles and done screen t convene leaders but several declined his invitation. translator: there can not be a summit of the americas if all the american continent countries do not participate. reporter: mexican president lopez says that he is boycotting after his counterparts in cuba, nicaragua and venezuela weren t invited. translator: i believe in the need to change the policy that has been in place for centuries. exclusion, the desire to dominate. reporter: now the summit that is supposed to focus on tackling immigration and re-establishing u.s. leadership is becoming more about the guest list as the
of president trump on the u.s. government. the president said in a statement today the people of venezuela have courageously spoken out against maduro and his regime and demanded freedom and the rule of law. i will continue to use the full weight of the economic of the united states economic and of pneumatic power to press for the restoration of venezuelan democracy. maduro isn t going away quietly. in fact, he insists he is still running the country, says he s completely breaking diplomatic relations with the united states. shannon, it s important to note the u.s. and venezuela weren t really speaking in the first place or doing business. maduro wanted to drive home the point he s kicking america out. politicians on capitol hill are following those two elements closely from caracas. maduro is a terrorist. we need to declare venezuela as a terrorist state. it clearly is. the way maduro has treated his citizens is disgusting. if he stays in power and it continues, president trump