. hello and welcome to inside politics. i m john king in washington. thank you for sharing a busy breaking news day with us. the fbi searching joe biden s rehoboth, delaware home right now. this as the special counsel is investigating how classified documents ended up where they don t belong, marks his first day on the job. plus, the speaker summit. today kevin mccarthy finally si sits down with joe biden at the white house for the first time as house speaker. expectations are low, but the stakes, including for you, are quite high. nikki haley is ready to take the 2024 plunge. cnn learned a formal presidential campaign announcement is coming. she would be the second to declare, others timid because donald trump went first. we all know he s never kind to competition. we begin the hour with a remarkable legal event happening right now. the fbi is searching president biden s vacation home in rehoboth beach, delaware. the president s attorney plays down the significance s
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
biden s physical will wrap up later this month. that after a president missed a pledge to compete it by the end of january. a spokesperson saying the delay was the result of the busy and evolving travel schedule for the 80-year-old president. this should be on your radar, the end of the tom brady era. in a twitter message this morning the g.o.a.t. says he s retiring for good. he s played 23 seasons in the nfl, seven-time super bowl champion, five-time super bowl mvp, plenty of season records as well. as you take a look at his hardware, the pro football hall of fame tells us take has played in 18% of all super bowl games. thank you for your time today on inside politics. we ll see you tomorrow. kasie hunt picks up right now. good afternoon. i m kasie hunt in washington. it is a pivotal day here with