The president admits the act with a lot of green goodies could have gone by a different name. What are they celebrating . Like i said, the Inflation Reduction Act didnt bring inflation down. Today we look at what and specifically who did. Prices are down, but price hikes still are not. And a key interest rated just closed at a 15year high. Lets go to Jacqui Heinrich at the white house on the fastmoving developments on who gets credit and whether its a birthday debby down to say its not the white house when it comes to inflation or this Inflation Reduction Act. Jacqui . Hi, neil. Yeah, we got out of the east room where the president held the 1year anniversary celebration. It was a classic joe biden event. He whispered at one point, yelled at another point. He said the Inflation Reduction Acted is working. He called it a key part of bidenomics, touting jobs creation, specifically in manufacturing and new investments in climate, even though he didnt get in to the fact that now the estimat
His investigation into President Joe Biden. Then, bidens soft response to china sparks another smack in the face from the Chinese Communist party, as amazingly janet yellen is served Hallucinogenic Mushrooms by her beijing hosts. The person who arranged our dinner did the order and it was a delicious mushroom dish i was not aware that these mushrooms had hallucinogenic properties. I learned that later. Maria what will it take for Communist China to show any respect to the Biden Administration. Former u. S. Trade representative Robert Lighthizer on taking on china through tariffs and fees. Then the 2024 president ial race officially begins this upcoming week with the first gop debate as Vivek Ramaswamy told me here last week, the republicans are looking at young people and independents. Were bringing them along in droves with us. The difference between a 50. 1 electoral margin this cycle and a landslide is young people and i think this cant be just a 50. 1 democrat versus republican tug
a building on a unholy alliance and mark warner on what he sees as a growing threat from china period. welcome, everybody. i m neil cavuto. let s get to it with peter doocy at the white house on how they re digesting all of this. peter? officials are saying this putin and xi get-together is a marriage of convenience. xi thinks that putin can help him challenge american influence. putin thinks that xi can help him in ukraine. for putin, he s speaking about his chinese visitor in glowing terms. over the last years, china has made a huge leap forward in its development. in the whole world, it s a genuine interest and we re jealous a bit. the way that the president s foreign policy when it comes to this is being explained to us, there s no effort to try to contain chinese influence in the world. instead, they would rather try to promote america s interests. do you think that putin and xi fear president biden? you d have to ask them whether they fear or they not. it s no
you are in the cnn newsroom. i m paula reid in washington. jim acosta is off. a major move today in an attempt to halt a global banking crisis. switzerland s largest banking group ubs just agreed to buy its rival credit suisse in an emergency rescue bid. the purchase is aimed at halting investor panic brought on by two sudden u.s. bank failures this month. the deal comes after shares of the ailing bank lost 25% over the last week. even an emergency loan from the swiss national bank failed to stop the fallout. cnn reporter anna stewart will join us in just a moment, and cnn global economic analyst, rana foroohar joins us now. all right, rana, can you explain to us this deal? yeah, absolutely. so a little bit of con context. credit suisse has been a troubled bank for some time. so this, you know, this is a bank that over the last couple of years has had any number of crises. it s been considered weak in the marketplace. even late last year, it was having its own problems to
sanctions over the war in ukraine are hurting russia s economy. the senior correspondent mike tobin is live in kyiv with more. mike? trace, another update coming from russian news agencies. gershkovich has a hearing on the books now scheduled a week from tuesday. so far no u.s. representative has been able to get in the yale to see gershkovich. the wall street journal said private lawyers got to see him. the u.s. ambassador in moscow had a meeting with the deputy minister. not much movement came from the meeting. gershkovich is the wall street journal reporter taken into custody and accused of trying to obtain classified information about a russian arms factory at the direction of u.s. officials allegedly. he was taken to moscow where he s being held in prison. denied access, u.s. officials don t have good insight to his condition. i wish we did. we still haven t been able to get consular access. that s an issue that we bring up through our embassy in moscow. i wish i