Revolt on fisa as the House Speakers future hangs in the balance, just a few votes. But we begin at the white house where President Biden is still predicting an Interest Rate cut and defending his administrations role fighting inflation. At the same time, the president is trying to circle the wagons in the pacific against china. White house correspondent Jacqui Heinrich starts us off tonight live from the north lawn. Good evening, jacqui. Good evening, bret. Once enemies now allies closer than ever. The United States and japan announced more than 70 Defense Cooperation Agreements among other collaborations in a not so subtle message to china, increasingly aggressive in the South Pacific and the taiwan strait. President Biden Preemptively Cooling Blowback from beijing. And our alliance we have with japan is a purely defense in nature. Its not aimed at any one nation or a threat to the region. The japanese state visit comes one day before a trilateral meeting with the philippines under i
you need an ally. hello? ally bank. your money needs an ally. minding your business, a very busy day for business news. looks like the dow is going to add to the record close at the open today. christine romans has one story today. this is a day when there s so many stories about your money, i can hardly choose. let s start with the president s budget. it s expected to include $25 million in wasteful spending cuts. it includes $14 million in savings if we eliminate one of two federal catfish inspection programs. there are bigger fish in this budget too. $87 million on military uniforms. if the defense department cuts back on the number of camouflage patterns that currently we pay
the notch election due to looming automatic spending cuts. the company saying the white house will use taxpayer dollars to pay for necessary serve even costs that arise. one lawmaker calling that something close to extortion. stuart, give us the background here. why would they call that extortion. it many the taxpayer getting squeeze. let s go forward to january 1. that s when defense department cuts are supposed to take place. 60 days in advance that november 2, warning notices are supposed to go out from contractors to their employees saying here comes some layoffs. the administration does not want layoff warnings going off right before the election. so they said to people like lockheed martin. you don t need to send these layoff warnings out. they say they are hypothetical. lockheed martin says it is the law. we must send the out the
accusation that the united states that the obama administration is being hypocrite kal about syria. you re going to want to hear what she has to say. and alarming news about what the drought across much of the midwest may do to the price of milk. i m wolf blitzer. you re in the situation room. my interview with john boehner coming up this hour. you re going to want to hear what the speaker of the house has to say on a whole range of issues, the presidential campaign, how he really feels about mitt romney, what he says about the president of the united states, where he agrees with the president and many issues where he strongly, strongly disagrees. what kind of relationship do they have? that interview coming up. but i want to get right to cnn s jim acosta. he s covering mitt romney today delivering some major messages of his own in this race for the white house. jim acosta is joining us from boston right now. what s going on on this day as far as the republican presid
unemployment drops to 8.6. that is the lowest level for unemployment in about three years. a big psychological headline, but a closer look. 120,000 jobs added last month really isn t great. frankly, that is barely enough to keep up with population growth, never mind put a dent in the 9 million jobs lost in the great recession. still, the president hopes that america will focus on the unemployment rate and he s also hoping he can get some of what this guy has. oh, that bill. he is the love of so many voters. recently some republicans have said bill clinton isn t sold on barack obama term two, but the two men appeared together at a green building event in washington today. i am thrilled that president clinton has been willing to take this on. as he pointed out, partly thanks to me, he s home alone too often. and this has been a passion for him for quite some time, so i am very grateful for his involvement. well, president obama needs all the bill he can get. bill clinton s