cnn through the crime scene. plus, she s the one that we wanted and treasured. singer, actress, and icon olivia newton-john passes away. hello, and welcome to the lead. i m pamela brown in for jake tapper. we begin with our politics lead. president biden began his week on the cusp of a huge win for his party. the senate this weekend in a marathon voting session passed the democratic branded inflation reduction act strictly along party lines. every single republican voted against it. the bill now heads to the house. it is expected to pass along party lines there as well. and president biden could sign it into law as soon as friday. the massive $750 billion bill contains sweeping health care provisions, tax increases on wealthy corporations, and the largest climate investments in u.s. history. and this comes as the president and first lady tour eastern kentucky, where hellish flooding killed more than three dozen people and caused catastrophic damage to communities. presi
blue, are turning in the badges as a crime escalates in big cities. what you have jimmy. it a bucket - and with items have in common, hit what they have to do with bloopers. if the first, the democrats and the media piling on the criticism the president of biden today squad number aoc endorsing body for second term come the left and osuna give give the president has a vision and is something certainly drop willing to entertain and again when the time comes. that is not yes. judy run again i think that i will light we will take a look at it. [laughter] but i know we need to focus on winning a majority incentive a residential election. lara: is not just aoc was wary of biden s reelection, hit is on the people in his body as well, and the media new york times has latest criticism in a piece titled should biden run in 2024, and the democratic in whispers of no start to rise and david chief strategist from barack obama s coming of the paper that the presidency is a monst
stinky little thing: shrink inflation uncommon household items and that means you are paying the same price a little bit more but here are getting less and sing packaging for example you have cut it down the original he would have three or 40 trees and there are no is 312, holders originally, 51 else s in the container now it is 43.5 ounces and so you get the idea, gatorade charming in the list actually goes on and folks are hurting the paying more for less. it is frustrating for teresa s number one is the more for less arguments but number two, if this inflation aspect ever goes away, they don t go back to increasing the size like once this becomes a thing, you get screwed post inflation post recession, this becomes a gun on me as a silverlining guy, one thing thing i would say is people have been telling me every meeting to cut on my
the gdp number, gross national product name shows we re slowing. the number is not too surprising. let s remember the middle of september we cut off the supplemental unemployment benefits so the incentives for people not to go back to work disappeared so people, no surprise, started to look for jobs. and the growth in the government, very, very encouraging, there s 10.4 million job openings in america and only 7.7 unemployed so we certainly still have a lot of disruption in the labor market. griff: add into the inflation aspect, you re right, mitch, the unemployment rate dropping from 4.8 to 4.6. if you look here at this, you see inflation up 5.4% compared to wages just up 4.9%. what impact does that have? well, that s exactly it. and if you look at why we have
powers in the democratic party and the leadership in the house saying it will be under $2 trillion when it s said and done. sounds like a steal and a deal. it s a long way from 3.5 trillion but still serious change. charlie gasparino, what do you think? any amount of spending here is way over the top. we don t need a spending package. this is about political compromise. if you talk to any business owner out there, they ll take you they can t get stuff on the shelves, they can t get supplies delivered. they re worried about inflation, which is creeping up. any additional spending from this federal government is going to just make that inflation aspect even worse. so i mean, the best they could do and i really believe that this is what is going to happen, if they would walk away from this and all the crazy tax increases long term, the markets will go up. eventually people will figure out the inflation threat is not as great, the bonds won t gap out as much and, you know, that