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
going on there. a lot going on. welcome. i m neil cavuto, this is your world. till debt do us part. right now the debt is there. we re still stuck at a ceiling of 31.4 trillion. to hear the administration tell it and janet yellen warn about it, come june 1, we run out of dough. there s no more change. we re told that we re down to our last $88 billion. nobody can say whether that is the case or not, whether there s some wiggle room there. they re still talking in the oval office. let s go to jacqui heinrich what she s hearing right now of these talks and where things stand. hey, jacqui. hi, neil. the biggest news that you just touched on, they would not confirm in the briefing early and now we re getting confirmation that the president is cancelling plans to go to australia and new guinea after the g-7. he s slated to leave tomorrow. he took a lot of criticism for planning to be out of the country for eight of the 16 remaining days before the country could default on its
to know about this negotiation. are they going to cut more folks out of the border patrol? what are they going to do? so i know what i m going to be dealing with. neil: get ready to get swamped. you re looking at a live border drone shot over brownsville, texas where the crowds are building and building fast as title 42 prepares to expire 32 hours from now. this as a massive wave of migrants from all over are converging on both sides of the border. how this sorts out is anyone s guess. welcome, everybody. glad to have you. i m neil cavuto. let s get to it with bill melugin in brownsville on what they re looking at now. and could be different 32 hours from now. bill? neil, it will look different tomorrow night when title 42 drops. what we re starting to see is the state of texas taking a much more proactive approach to enforcement down here. i want to show you this video we just shot. take a look. a quick reaction force of texas national guard soldiers in riot gear showed
mccarthy spoke. in front of the same individuals about where the debt talks are going. let s just say nowhere. connell mcshane has more. the speaker made reference from that appearance from ronald reagan. he said we have an unsustainable level of debt in this country and he will not support raising the debt ceiling unless something is done about it. spoker mccarthy made a speech to a number of professional financialists in new york. he said there will be a bill that will raise the debt for one year. in exchange for raising it, the speaker has demands. he said federal spending will be rolled back to 22 levels. unused covid money clawed back and he wants americans to work in order to receive federal benefits. mccarthy in his speech going after president biden for refusing to negotiate. make no mistake, the longer president biden waits to be sensible to find an agreement, the more likely it becomes that this administration will bumble in to the first default in our nation s
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