really tough. reporter: the pandemic and inflation have hit americans hard, increasing long-standing disparities in some communities. african americans want the president s attention. as middle class black woman, i don t see the push for the black economic community like really exploding. i think the message is being delivered, but i don t think the message is being captured in the way that we want it to be captured. reporter: black americans account for $1.6 trillion of spending power in the united states. but often feel ignored. we want ours. we need ours. we need to have access to capital. we want action. we need action. we demand action. reporter: earlier this summer, vice president kamala harris announced new public private initiatives in underserved communities, hoping to kick start major minority investments. and i believe given the breadth of the financial disparities in our nation, the public and the private sector must join forces to take on
and with xfi complete, get 10x faster upload speeds. tech upgrades for your changing wifi needs. and advanced security at home and on the go to block millions of threats. only from us. xfinity. major new developments tonight in efforts to get americans brittney griner and paul whelan released by russia. cnn has learned exclusively that in exchange, the united states is now offering to release a convicted russian arms dealer. cnn s senior international correspondent fred pleitgen is working the story for us. a troubling sight in a russian court. wnba star brittney griner in a
and fed chairman jerome powell says there could be more coming. inflation has obviously surprised to the upside over the past year and further surprises could be in store. we therefore will need to be nimble in responsing to incoming data. analysts say this means higher borrowing costs for many americans. going to make getting a mortgage more expensiexpensive, payments, et cetera. so those pressures, particularly for people that have any debt at all, are going to rise. rising interest rates have already been jacking up the cost of our mortgages for months. in the week ending july 21st, the rate for a 30-year fixed rate mortgage in the u.s. averaged 5.54%. last year at the same time, it was under 3%. analysts say the effects of this latest rate hike on homeowners or prospective home buyers could be mixed. one expert says those people may not feel the pinch immediately because many banks had already figured these latest interest rate hikes into the rates they
release of brittney griner and paul whelan. cnn learning exclusively that the u.s. is now proposing a deal to exchange a convicted russian arms dealer for the two americans. welcome to our viewers here in the united states and around the world. i m wolf blitzer. you re in the situation room. we begin with new evidence that the justice department s criminal investigation of january 6th is picking up steam big time. a star witness from the house hearings is now cooperating with federal prosecutors who have been asking questions about former president trump. let s go to our congressional correspondent, ryan nobles, up on capitol hill. tell us about the key witness who is now working with the feds. yeah, wolf. it is the witness that perhaps delivered the most compelling testimony of any of the january 6th select committee s public hearings.
twitter users say they have somewhated the renaissance album on sale early in europe. this is her first full length album since lemonade in 2016. i m told she remains the undisputed queen. you can listen to the lead wherever you get your podcasts. our coverage continues with wolf blitzer in a place i like to call the situation room. see you tomorrow. happening now, new information about the justice department s criminal investigation of january 6th. as federal prosecutors are now looking at the actions of former president trump. also tonight, americans are bracing for even higher mortgage rates and other borrowing costs after the fed takes drastic new action to curb inflation. raising interest rates three-quarters of a percentage point for the second time in two months. and the biden administration says it has made a substantial offer to russia to secure the