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president biden yesterday claimed a win when he signed that massive tax and spend bill into law. and given the obvious name about reducing inflation, the administration has been selling it as the solution to inflation. fox news s own neil cavuto pressed white house economic advisor on when and how this law could ever lower inflation. it won t help in any other area including some of the sharp rise in food prices that have now just not gone down. they have not subsided. the inflation reduction act is not the only initiative we re engaged in. why do you call it the inflation reduction act? i think a year from now inflation will be rising at a slower rate than it is now. harris: he thinks a year from now it will still be rising. okay. studies by the congressional budget office and the university of pennsylvania s wharton school of business have found this information. the spending spree that they are on will have technically zero impact on inflation and could mak ....
home. the wall street journal reports the attorney general merrick garland deliberated for weeks over whether to approve that fbi search. separately, sources tell cnn that trump white house lawyer eric herschmann has been subpoenaed by a federal grand jury investigating the insurrection. and in a separate investigation, georgia prosecutors have told rudy giuliani he is a target of a criminal probe into election interference. and in yet another investigation, long time trump organization cfo allen weisselberg is expected to plead guilty in a tax evasion case. let s get to it, let s begin with katelyn polantz on the news out of the justice department this morning. so, what are you hearing from the justice department about this request to unseal the affidavit? reporter: the justice department does not want to unearth a lot more detail about what is going on here in that prompted the search of mar-a-lago and what is under criminal investigation here. in a court filing ....
Are you personally comfortable as an economist calling it the inflation reduction act? so this bill represents really important investments. we know we need to make, that help to expand our economic capacity. inflation happens when we have too much demand for the supply, and we know we need to be investing in the supply supports so that we are better able as a country to address issues like inflation going forward. so this will increase our economic growth, and because of how we plan to implement it and provisions in the bill, it will that growth will be more equitably shared. if you passed a bill called the fill every pothole act, voters would expect you to fill every pothole. should voters measure the success of this bill on how much you reduce inflation in the next couple of years? so this bill spins out over several years and so the tax provisions, for example, some of the tax revenue will happen immediately. some of the benefits in terms of deficit reduction will materiali ....