battle in 2022, yes, the year of the midterm election. so what happened? well, two things. first, new data came out showing inflation at the highest in almost 40 years and a revised cbo score of 3 trillion came out on the build back better plan bill ordered up by republicans that the white house is saying that s fake. to sort it all out, we have larry summers here. he plays a big part in this debate because remember he was prescient. he saw inflation coming and that s why republicans like to cite him in their arguments that more government spending will make matters worse. but is that really where he is coming from? i am about to ask him. the numbers aren t pretty. consumer prices increased by 6.8% since november of last year according to the bureau of labor statistics. that s the highest annual inflation right since 1982. think of it this way. rambo: first blood was then tops at the box office. this shouldn t come as a surprise to most americans. the reality has been hitti
battle in 2022, yes, the year of the midterm election. so what happened? well, two things. first, new data came out showing inflation at the highest in almost 40 years and a revised cbo score of 3 trillion came out on the build back better plan bill ordered up by republicans that the white house is saying that s fake. to sort it all out, we have larry summers here. he plays a big part in this debate because remember he was prescient. he saw inflation coming and that s why republicans like to cite him in their arguments that more government spending will make matters worse. but is that really where he is coming from? i am about to ask him. the numbers aren t pretty. consumer prices increased by 6.8% since november of last year according to the bureau of labor statistics. that s the highest annual inflation right since 1982. think of it this way. rambo: first blood was then tops at the box office. this shouldn t come as a surprise to most americans. the reality has been hitti
and arkansas. in kentucky, early reports indicate one tornado may have stayed on the ground for more than 200 miles causing widespread destruction. this is all that is left of a candle factory in the town of mayfield. more than 100 people were working inside when the tornado hit. while an official death toll has not been determined, governor andy brashear said 50 people are likely dead in his state of kentucky. the state deployed the national guard to heart hit areas. in arkansas, at least one person was killed, dozened injured after a tornado rimmed through a nursing home. in illinois, a tornado cut through an amazon warehouse. please are describing it as a quote-unquote utter disaster. two people are confirmed dead. watches for northern eastern portions of mississippi, northern alabama and eastern tennessee. cnn meteorologist allison chinchar joins us now, allison. that s right, it s been a very destructive past 24 hours. over 30 tornado reports, 150 severe wind reports a
have brand new reporting right here only on msnbc. the man who sold james the exact items recovered at the crime scene and that sale was ten months ago. and new evidence of horrific attacks by russia and ukraine and the escalation in language coming out of the white house. president biden calling vladimir putin a dictator who committed genocide and making clear the use of the word genocide, that was on purpose. and the new ukraine military aid the administration could announce and our own al roker going one on one with somebody you may recognize, former president obama, talking about his recent return to the white house to tackling climate change. with climate change affecting everything, they are demanding action. nature is more resilient than we think if we are intentional about it. good to be with you on this wednesday morning. i m hallie jackson in washington. we re going to start in new york and the latest on that brooklyn subway shooting. nbc news reporter is live a
higher savings for some. in the last half an hour, we ve had this reaction to the rate rise from the chancellor, jeremy hunt. well, of course any rise in interest rates is a worry for families with mortgages, for businesses with loans. but underneath that decision is a forecast that says that this time next year, inflation will be 2.8% and we will have avoided recession. what the bank of england governor is saying is that we have a plan that is bringing down inflation lay solidly, robustly and consistently. so the plan is working but what we have to do as a government is make sure we stick to that plan and don t veer around like a shopping trolley. we stick to that plan so that families and businesses can start to feel the benefits of that plan actually working. so, jeremy hunt says the government is sticking to its plan. but this was the reaction from labour s shadow chancellor, rachel reeves. the government need to take responsibility for the fact that inflation in the uk