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into former president trump s efforts to overturn the 2020 election. former vice president mike pence appears before a federal grand jury offering what could be critical testimony about trump s role in the january 6th capitol attack. and as pence was testifying the former president took his 2024 campaign to new hampshire. trump ignore his legal troubles and instead focused his attacks on president biden and other potential white house opponents. and also breaking this morning, russia launches new attacks across ukraine hitting a residential building in the central part of the country and killing at least a dozen people. we ll have the very latest on the fighting overseas. good morning and welcome to way too early on this friday, april 28th. i m jonathan lemire, thanks for starting your day with us. we ll begin with big news from here in the nation s capitol. former vice president mike pence has testified before the federal grand jury investigating the january 6th ....
more on all of that later this hour. but first the critical decision set to drop soon from the federal reserve. and cnn business correspondent rahel solomon is here with us. walk us through what is to come in the next hour or so and why it really matters. so the expectation is that chairman powell will raise rates about three quurs of a percent. that is not one to one in terms of borrowing costs. we won t see borrowing costs raise 75 basis points. but it does influence all of the categories. so costs will continue to go up. and i want our viewers to enter understand what this really means for them, for their wallets. and i know you ve pulled a few examples. yeah, i ve been working the phones. let s start with credit cards. we ve already seen credit card rates accelerate quite rapidly this year. and right now the average rate is about 17.5%. according to bank rate, if you are holding a $5,000 balance which is the national average, you have a current ampt pr of 17.2 ....
conveniently ignoring that to our bill in fact lowers the deficit, and is completely paid for. we are watching every minute of what is happening on the senate floor. we re gonna have the latest for you in just a minute. also this hour, alex jones ordered to pay up and pay a big for his lies about sandy hook in the murder of innocent children. we are going to look at that story later had as well. we do as i said want to start in washington on capitol hill. where right now we are starting we are waiting that key vote on the inflation reduction act, a bill that has already seen some changes today as the senate parliamentarian rules that a cap on drug plate prices for the commercial market cannot be remain in the package. but some democrats are vowing to stick together in the face of what could be a challenging and very long amendment process. want to bring in nbc s giuliani strong capitol hill to talk to some of this. good to talk to you, once again julia. so bring us up ....
don t look down. don t make any sudden moves. because we are almost at the end of a legislative tightrope, y all. senators are putting in some extra hours this weekend. they re working to get democrats, health care, climate, and deficit reduction package across the finish line. the parliamentarian approved key components of the bill just hours ahead of when the senate is expected to debate it on the floor. it will take all 50 democratic votes and a tie breaker from vice president harris for the inflation reduction act to pass the senate. what does that mean to you? it means medicare can negotiate prescription drug costs. with an out of pocket cap at $2,000 for seniors. it means lower aca health premiums. it means lower energy costs, and the reduction of carbon emissions by 40% in the next eight years. it also lowers the deficit by hundreds of billions of dollars, which will be crucial to fighting inflation. how is all this possible? this is one of only two times per fis ....
we start with the bombshell new details in the justice department s investigation into the capitol attack. nbc news confirming with an administration official that the doj has been asking questions about former president trump s actions leading up to january 6. the official adds there is not a criminal investigation of mr. trump himself. nbc news reached out to a trump spokesperson for comment. the doj is not officially commenting on the story but in an exclusive interview with lester holt attorney general garland states that no one is above the law. we will hold accountable anyone criminally responsible attempting to block the peaceful transfer of power. that conversation between merrick garland and lester holt. we want to bring in pete williams, charlie savage, chuck rosenberg. we have a great group to get us started. pete, confirming the questions asked related to donald trump s actions on that day and leading up to that day. what specifically do we know? what is ....