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major consequences for all americans. just one hour from now the federal reserve is expected to roll out its eighth straight interest rate hike. experts, executives and the markets all hope it will be one of the smallest yet. just a few blocks away, down at the white house, president biden and house speaker kevin mccarthy will sit down for their first stare-down since mccarthy became speaker over the debt ceiling. if one doesn t blink soon, you can say goodbye to federal elt benefits and hello to a financial meltdown, all courtesy of your representatives on capitol hill. let s start with cnn s matt egan over at the fed. matt, is today the day that jerome powell starts to pump the brakes on these interest rate hikes? it certainly looks that way. it would be a big surprise if that didn t happen. fed officials have been dropping hints, strong hints for weeks now that they do plan to dial back this war on inflation today. the thinking is that the fed goes from a 50 basis poin
PresidentJoe-bidenResultPledgeDelaySpokespersonThe-endEvolving-travel-scheduleTom-bradyNflGoatGood environmental decisions in years, the courts conservative justices cited with several red states and coal companies, and limited the epa s ability to crack down on greenhouse gas emissions. in a victory for the president, the court ruled in favor of the ministrations efforts to shut down the trump remaining mexico immigration policy. we will have reactions to that straight ahead. also coming up it is now justice jackson. this afternoon, to tonya brown jackson became the first black woman to be sworn into the supreme court. it comes in a time of turmoil on the supreme court after the conservative majority overturn roe v wade. good afternoon, everybody. we are back with you for another hour, join now with our nbc news team, and mike medley is with us at the white house. let us take you through the monumental decisions. the biden administration taking a win and a loss all at the same time. sure, the win is a little easy to describe. this describes the so-called migrant protect
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