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plus, more evidence of an economic funk. a new data point shows american consumers are getting even more pessimistic, and it s because of inflation. and a split screen day for republicans. trump in washington. so is pence. competing speeches put their rift in the wrestling match for control of the republican party front and center. up first for us, though, a federal grand jury, its highest profile witness, and what it might mean for donald trump and those who helped him try to steal the 2020 election. a former mike pence cheech of staff, marc short, confirm last night here on cnn, that he did receive and did comply with a grand jury subpoena, his first appearance before the washington, d.c., grand jury. marc would not discuss the content of his testimony. but a witness to a long list of episodes including the senior circle of trump allies who pushed a scheme with the home that vice president pence would then refuse to certify the real biden electors. multiple reports sa ....
Under control by raising interest rates at a time when gas prices are starting to move in the right direction. the national average is at $4.33 a gallon. that is not cheap but it is down 17 cents in the past week. 69 cents down from the record high. the white house, we know, has been laser focused on the issue. president biden releasing unprecedented amount of emergency oil from stockpiles. this new analysis estimating that the president s moves to release emergency oil combined with moves of other countries has dropped the national average by 20 to 40 cents a gallon. john, clearly consumers are still concerned about inflation not just at the gas station. the grocery store, rent, the car dealership, the mall. it continues to erode confidence right now. matt, thanks so much. let s continue the conversation and joining us to help, gina from the new york times. i mentioned it s a big week for ....
Increase interest rates which would reduce investment or cause more foreign borrowing which would increase the trade deficit. also the house has a lot of bizarre, misguided tax increases on higher education that would hurt graduate students, and a source of our, you know, comparative advantage is having people get good education and good degrees. they re actually making that harder rather than easier in this tax bill. there s also a new york times analysis estimating the senate plan leaves 13 million people without health insurance, causes 9 million more to spend at least 10% of their income on medical care and do untold damage with spending cuts to medicare. is this a back door cut to entitlements? yes, that hasn t received a lot of notice. when you increase the deficit that will introduce cuts in medicare. in the senate bill they re repealing the individual mandate which risks health insurance for 13 million people and would raise premiums for many of the ....