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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 ....
phone calls and meetings demonstrating how the former president personally and continually tried to convince them to support his fraudulent claims about a stolen election. part of today s hearing focused on someone whose home was actually rated by federal investigators yesterday. former justice department official named jeffrey clark. we are going to have more on that right in just a moment. the committee s interest about clark has to do with the former presidents effort to install clark as acting attorney general so that clark could use the levers of the justice department to subvert joe biden s victory in the 2020 election. take a listen to this incredible moment recalled today of a white house meeting just days before january 6 involving jeffrey clark, today s witnesses, the white house counsel, and then president trump. clark had just explained his plan, and here s how white house counsel eric hirschman responded. a warning, now, some of the language is a little b ....
president who wanted the extra near oig legitimacy from doj to back his bogus claims and overturn the election and stay in power. even some trump allies now privately acknowledging to cnn that some of the testimony from yesterday was, quote, damaging. this is the room where it happened. a dramatic high stakes meeting in the oval office just three days before the capitol riot in january of 2021. the witnesses testified that trump leaned on them to publicly call the election fraudulent and corrupt, something that they wouldn t do. and that when the acting attorney general jeffrey rosen there refused, trump threatened to replace him with this little known environmental lawyer from the civil division jeffrey clark. the justice department officials in the room all pushed back threatening to resign. he said so suppose i do this, suppose i replace him, jeff rosen, with him, jeff clark. what would you do? and i said, mr. president, i would resign immediately. i m not working ....
something, tucker, i have never seen before or heard of, an electronic sniffing dog and they took all of the electronics from my house. new fallout this morning from revelation that is six republican lawmakers sought preemptive pardons from former president trump before and after the attack on the capitol. that is according to emails and testimony revealed by the january 6th committee. was representative gaetz requesting a pardon? i believe so. a pardon that he was discussing, requesting, was as broad as you could describe. mr. biggs did, mr. jordan talked about congressional pardons but he never asked me for one. mr. gohmert asked for one as well. mr. perry asked for a pardon, too. did marjory taylor green contact you? no, she didn t contact me about t i heard that she had asked white house office counsel for a pardon. so what were the roles of the pardon seekers in january 6? let s bring in tom foreman to walk us through that. tom? if you look at all s ....
radical and said it s a slap in face to women eviscerating their right. what is happening at this hour? the courts ruling today means there is no longer a federal constitutional right to an abortion in this country. that historic decision up ends 50 years of abortion rights. it immediately transformed the landscape of women s reproductive health and their choices in america. the court s ruling is very similar to that draft which was written and leaked last month. at issue is the mississippi law that bans abortion after 15 weeks of pregnancy . reporter: it s identical to what the justice wrote in the draft we saw in may. this one not much different. what he said is roe v wade was wrong from the start. the decision has had damaging consequences and far from bringing a national settlement. it s inflamed debate and deepened division. what this opinion does, this ruling from a 5-4 supreme court eliminates the constitutional right to an abortion and now leaves the issue to ....