pace since june. and that could have major economic and political fallout. lucas tomlinson is live at the white house with more on this. lucas. reporter: jon, jp mayor began ceo jamie dimon thinks the fed has lost some control over inflation. a chemming contact congressman representing joe biden s home hometown in scranton responded earlier on fox. i wouldn t go that far, but what i will say is i think they got a late start. i think they should have started ticking interest rates up a little bit much earlier, maybe six months earlier than they did. reporter: new economic data shows inflation is getting worse. the personal if consumption execs pendtures price index, the fed s preferred gauge for inflation, rose .6% in january. the annual inflation rate also rose to 5.4%, the first increase since it peaked in june making some wonder if the fed is behind on inflation. president biden reacting to the economic news in a statement which read in part: annual inflation in janua
Starts now. Tonight, new week, new witnesses. Donald trump faces new testimony as his Criminal Trial resumes along with a possible ruling on his alleged gag order violations. Plus, what elon musk wants from china that he cant get here in the u. S. And what that could mean for national security. Then, inside magas plans for a second trump residency. A warning about the movements new strategy to remake america as the 11th hour gets underway on this monday night. Good evening once again. I am stephanie ruhle. Great to be back with you and we are now 190 days away from the election and week two of testimony in Donald Trumps New York Terminal Case begins tomorrow morning, which is just hours from now. When the trial resumes in the morning, we expect to hear more from Michael Collins former banker. Then when trump gets a day off from court on wednesday, he is headed to the key swing states of michigan and wisconsin for Campaign Events before returning to New York City for two more days of co
Predicting the inability of House Republicans to simply do their jobs, the Biden Administration is now threatening Government Agencies to review their shut down plants. Make no mistake, the Government Shutdown is going to result in real consequences for millions of americans, and it will hurt our economy. Heres a snapshot of the last Government Shutdown. This occurred between the end of 2018 and the beginning of 2019 on trumps watch. A stretched on for 34 days, 300,000 Government Workers were furloughed and. It costs our economy 11 billion dollars. Its not Monopoly Money, folks. Its not Monopoly Money to republicans who think that we have too much debt in the country, 11 Trillion Dollars for no particular reason, seems foolhardy. I should not be complicated. Funding the government is a basic power given to congress in the constitution. Its one of the few things that the United States constitution actually says that congress has to do it, its not optional. They have what you commonly he
Our economy. Heres a snapshot of the last Government Shutdown. This occurred between the end of 2018 and the beginning of 2019 on trumps watch. A stretfo 34 days, 300,000 Government Workers were furloughed and. It costs our economy 11 billion dollars. Its not Monopoly Money, folks. Its not Monopoly Money to republicans who think that we have too much debt in the country, 11 Trillion Dollars for no particular reason, seems foolhardy. I should not be complicated. Funding the government is a basic power given to congress in the constitution. Its one of the few things that the United States constitution actually says that congress has to do it, its not optional. They have what you commonly here as the power of the house under the leadership of the speaker, Kevin Mccarthy, tenuously the ship though it is. He is choosing chaos over governing. For a party that touts fiscal responsibility, its just not responsible to hold the Economy Hostage over hard line policy requests that stand zero chanc
His Home State Governor is now urging the democrat to resign from the u. S. Senate. This as menendez has already been forced to step down at least for now as the chairman of the Senate Foreign Relations Committee. First lets go to cnns kara scannell. Shes outside the courthouse in new york where the charges were announced. Kara, the new jersey governor isnt the only one calling for menendez to resign. Reporter theres a growing chorus of lawmakers frommage new jersey calling for Senator Menendez to step down. Thats after federal prosecutors announced this allegedly brazen bribery scheme. They detailed how an fbi search of the senators home turned up the proceeds of this alleged crime. Some of the cash was stuffed in the senators jacket pockets. Reporter indicted again. New jersey senator bob menendez facing corruptionrelated charges for the second time in ten years. Prosecutors announcing a threecount federal indictment against the democratic senator and his wife over their dealings wit