historical rate hiking campaign hours the time to take a break and give the time to adjust to its actions that have pushed up the cost of borrowing for things like mortgages, business loans, and credit cards. the decision left the fed s benchmark at between 5% and 525%. for companies and consumers alike the pain may not be over. as fed chair jerome powell meekly during his press conference, with us inflation running above the bank s 2% target its job is not yet done. i bank s 2% target its “ob is not et done. ~ . , bank s 296 target its “ob is not yet amt yet done. i think, as anyone can see. yet done. i think, as anyone can see. not yet done. i think, as anyone can see, not a yet done. i think, as anyone can see, not a single - yet done. i think, as anyone j can see, not a single person yet done. i think, as anyone i can see, not a single person on the committee wrote down a rate cut this year. nor is it likely to be appropriate, if you think about it, inflation ha
attend a big fund raiser tonight ahead of the president s first official campaign rally in philadelphia on saturday. now republican florida governor ron desantis is daring democrat california governor gavin newsome to quit throwing zingers are the cheap seats and enter the race himself. brace yourself, but the stit have hit the fan. i practiced that. oklahoma republican governor kevin stit for announcing that he s not backing the former president, but wait till you hear who he is backing. welcome, everybody. i m neil cavuto. boy, a fast and furious. that pretty much describes what is happening in the presidential race. mark meredith is here to break it down in washington. hi, mark. maybe i should be in florida. that s where the action is right now. three florida men seeking the republican presidential nomination. miami s mayor, francis suarez launched his campaign. he put out a video explaining why he s running. i m growing to run for president. i m going to run for your
default. that was senate majority leader chuck schumer late last night after his chamber passed the debt ceiling bill. we ll have more on that vote and the continuing fallout in the house over the agreement. meanwhile florida governor ron desantis seizes on a potential weakness in donald trump s third presidential bid while both men campaign in iowa. and also ahead a rough moment for president biden at a graduation ceremony, which will fuel more questions about his age as he seeks a second term. good morning and welcome to way too early on this friday, june 2nd. i m jonathan lemire. thanks for starting your day with us. we ll begin this morning with an official deal in washington. the senate passed the biden-mccarthy debt ceiling bill last night in a rare bipartisan act in the capitol. the move ensures the united states will not default on its debt after weeks and weeks of uncertainty. the final vote was 63 yeas to 36 nays with more democrats voting for the deal than
all of you in the united states and around the world. i m fareed zakaria coming to you from new york. hey mark today on the program a rare conversation with the great jon stewart fareed. it s we either have the rule of law. we have no rule of law. i will ask him about american politics, the economy the wider world. who knows where else we will go. you want to be upset about real things. but isn t that what drives comedy or art or anything? and the big meeting in moscow. she jinping traveled to russia this week, but three days of meetings with vladimir putin no white russia wants this . but what does china have to gain from this massive show of support? we will explore. also the crisis continues as the ripple effects from the collapse of silicon valley bank and others continue. what can we learn from past bank bailouts and crises? i will ask the historian neil ferguson. but first here s my take. the most interesting outcome of the three day summit between vladimir putin and xi
politics, the economy the wider world. who knows where else we will go. you want to be upset about real things. but isn t that what drives comedy or art or anything? and the big meeting in moscow. she jinping traveled to russia this week, three days of meetings with vladimir putin. no why russia wants this. but what does china have to gain from this massive show of support? we will explore. also the crisis continues as the ripple effects from the collapse of silicon valley bank and others continue. what can we learn from past bank bailouts and crises? i will ask the historian neil ferguson. but first here s my take. the most interesting outcome of the three day summit between vladimir putin and xi jinping got limited media attention. describing their talks, putin said. we are in favor of using the chinese yuan for settlements between russia and the countries of asia, africa and latin america. so. the world s second largest economy and its largest energy exporter. together act