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huh? capital t for thing. hundreds of billions for climate change. deficit reduction and tax hikes. it could also turbocharge the i.r.s. more on that in a moment. dana: democrats named it the inflation reduction act. republicans say it s laughable and not even bernie sanders is buying it. i want to take a moment to say a few words about the so-called inflation reduction act that we are debating this evening. i say so-called, by the way, because according to the cbo and other economic organizations that have studied this bill, it will, in fact, have a minimal impact on inflation. dana: team fox coverage. marc thiessen is on deck with analysis. we begin with jacqui heinrich at the white house. democrats certainly think that bringing key priorities on healthcare and climate across the finish line ahead of the mid-terms will turn things around for them. poll after poll has shown that the biggest problem for the president and his party is inflation. and even though t ....
america reports on this monday afternoon. democrats scoring big wins over the tax and spend bill. will they pay the price as many republicans are suggesting come the midterm elections? hello, and welcome everyone. sandra smith in new york city. bill: hope you had a great weekend. good weekend, too, at home. john roberts has the day off. let s get to it now. months of negotiations, different versions of build back better. democratic senators manchin and sinema get on board with schumer s passage, kind of was a secret to everybody. sandra: and manchin claiming the $740 billion bill would not raise taxes on the middle class, republicans are making the case otherwise. bill: warning that billions in extra spending will come back to haunt democrats election time in november. sandra: and in the middle of all of it, aishah is live on capitol hill, manchin and sinema are dealing with serious fallout from every direction after this passage. hey, sandra, good to see yo ....
release the affidavit. several news outlets have asked for it to be unsealed. but the doj says unsealing the document would hurt this and other high profile investigations. the wild card here is all the heat that is coming off the search in mar-a-lago. the death threats to the fbi and government officials. just yesterday, a pennsylvania man was charged for threatening to kill fbi agents. and remember last week, when an ohio man tried to break into an fbi field office with a nail gun and an assault rifle. trump oddly has acknowledged that the temperature needs to be brought down. in the same breath, he s continued to attack the doy and federal agents. while the former president faces mounting legal trouble, he s not the only one on the state level, rudy giuliani, donald trump s personal attorney, is now a target of georgia s investigation into the attempt to overturn the 2020 election. he is set to appear before a special grand jury there tomorrow. and here in new york, ....
right now with connell mcshane. the consumer is really feeling it. not in a good way. in a perfect world, americans would have slowly built confidence back post pandemic. there s now the new signs where actually that we re going back in time instead of moving forward. look at this chart. today s reading on consumer confidence, the lowest since february of last year. mostly because people continue to say their present situation, how they are right now, is getting worse, thanks in large part to inflation. too much of a hassle. we have two kids, both work. drive to a different supermarket, go somewhere else or look for savings. we re biting the bullet. everything is more expensive. supplies for him. i spend a lot of money on blackberries and cherries. so i m cutting back on my fancy fruits. for those worried about recession, walmart s profit forecast didn t help. gigantic retailer that is the largest private employer in the country cut its outlook. saying consume ....
china has launched several ballistic missiles into waters around taiwan in response to a us senator s divisive visit to the island. and how disposable facemasks are blighting birdlife in 23 countries around the world. the bank of england has predicted that the uk is set to enter a recession this autumn lasting more than a year. the bank says inflation is likely to peak at 13% by december, and today it has announced the largest rise in interest rates for 27 years. the 0.5% hike means that interest rates now stand at 1.75%. the move is part of attempts to curb spiralling inflation, by making borrowing more expensive and discouraging spending. but it means mortgages and loans will be more expensive for millions of people, as andy verity reports. rarely has the bank of england given out an economic warning this unsettling. it s not only forecasting the worst inflation in a0 years, hitting 13% in the next few months, but a full blown recession starting this autumn. that means it e ....