federal reserve is directly contradicting the president about the main driver behind that inflation. white house correspondent jacqui heinrich starts us off live tonight from the north lawn. good evening, jacqui. good evening to you, bret. for now rebate cards are out and the federal gas tax holiday is in. president biden s problem few democrats don t see the point. i fully understand that a gas tax holiday alone is not going to fix the problem. but it will provide families some immediate relief. president biden wants congress to suspend the federal gas tax for 90 days to bring down prices at the pump. but evidently didn t nail down lawmaker support before making the public plea and congress is lukewarm. house speaker nancy pelosi writing: we will see where the consensus lies on a path forward. democrat senator joe manchin indicated the votes may not be there at all telling abc. i m not a yes right now that s for sure. even if congress gets on board, there is nothin
the late show with stephen colbert on cbs. they came yesterday for the 1-6. they came to the house office buildings to interview two members of the 1-6 committee, adam schiff and stephanie murph bear they also interviewed massachusetts democrat he is no the 1-6 committee. capitol police showed they grou away from the 1-6 committee hearing area because they did not have proper press credentials. they told the denied them credentials because they are no news, however, fox has confirme the group was led back into the long with house office building by an aide after 4:00 p.m., fox told the aide thought they had more interviews to do. they remained in the house office buildings unattended for hours. the group was arrested after th building closed the arrest came around 8:30 p.m. eastern time. they were near the office of gop , colorado representative they had no escort at that point . we ve got to get more information which is why we nee investigation. we need to make sure we un
three republican in the house and karl rove will also weigh in. sandra: big show coming up. first, fox news alert. move to the federal reserve that could impact every american. standing by for a major decision that would be the biggest interest rate hike in nearly 30 years. ok, we are waiting for it. hello, i m sandra smith in new, i don t. trace, great to have you. trace: you as well, i m in for john roberts, and this is america reports. fed decision will be a dramatic attempt to cool down the economy, increasing rates would make everything from a mortgage to a business loan to credit cards much more expensive. all this as president biden continues to deflect on inflation. refusing to take responsibility for the administration s role in skyrocketing prices. sandra: the u.s. has a higher inflation rate than many of the other major economies and the white house is promising a new messaging on the economy strategy with democrats ahead of the midterms. we ll dig in, bu
republican congresswoman kathy mcmorris rodgers on gas prices hitting $5 a gallon for the first time in the history, and bill barr on something he told january 6th committee and with our very own lucas tomlinson at white house on a president fending off attacks, it s that 70 # inflation show all over again, and he is the not too happy star. welcome, everybody, i m neil cavuto. happy weekend to you. let s go first to my buddy lucas on how the administration is handling all this bad news on prices. reporter: well, neil, the labor department issuing a brutal report yesterday saying that inflation is getting worse, not better. the average cost of goods up 8.6% over a year ago. now, president biden speaking in los angeles in addition to blaming putin, he s blaming exxon for the skyrocketing prices. they have 9,000 permits to drill. they re not drilling. why aren t they drilling? because they make more money not producing more oil. the price goes up, number one. and number two
we re told to brace, it will get worse. one energy analyst predicting the national average will hit $5 a gallon around june 17th. that s just a couple of weeks from now. the message from the white house, though, continues to be don t blame us. when the price goes up at the pump typical families feel it. when the price of diesel goes up it affects logistics and transportation costs and this is unfortunately the impact of putin s war in ukraine. this is a global inflation issue that has certainly been affected by things like the aggression in ukraine that were hard to predict. give us a forecast. where can you have gas prices by the end of the year? where will they be? what you are doing right now is trying to put me in the position of being a forecaster. harris: all right, if that weren t so sad, right, we could laugh about it. that is your job to know what is coming down the pike. wow. president biden s meeting with the fed chair jay powell yesterday kicked off with