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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 wont see borrowing costs raise 75 basis points. but it does influence all of the cat...

yes, that investigation goes all the way to the top. and the fed all but certain to jack up interest rates this afternoon. but how big a hike will tell us a lot about the inflation problem. as new numbers on housing and what were buying spell more economic trouble. up first, the details that point a glaring legal spotlight at the former president donald trump. this banner headline courtesy of the "washington post," the justice department investigating trumps actions in the january ...

>> reporter: the federal reserve just made history announcing that theyre raising interest rates by 3/4 of a percentage point for the second meeting in a row. we havent seen anything like that in back to back meetings in modern fed history, but were not in nor times. were dealing with the worst inflation inflation prices in 40 years. inflation remains elevated due in part to russias invasion of ukraine and very high food and energy prices. so the fed is stepping in and acting like the ...

are there legitimate privilege issues that would justify him testifying in a transcribed interview limited to specific topics? or should he appear in a more public manner? >> i think hes got to appear in a more public manner, and i dont think theres any privileges in that public area theyre focusing on. weve already had courts look at the issue. theres no attorney-client privilege for crime or fraud. cipollone i think has a larger problem. he advised the president against doing these t...

responsibility that every citizen, every one of us bears to perpetuate the republic. >> live from london, this is "cnn newsroom" with max foster. >> it is thursday, june 30th, and the aftershocks of the bombshell testimony by former white house aide cassidy hutchinson on tuesday are still being felt in washington. the house select committee investigating the january 6 attack is now seeking more information about donald trumps actions leading up to the insurrection. this time a subpoena...

dozen states in the middle of legal battles over a abortion bans. and now some states are bracing for an influx of patients across state lines. live from cnn center. this is cnn "newsroom." with michael holmes. we begin in ukraine where a u.s. supply advance weapon is reportedly starting to gain traction on the battlefield. the senior u.s. defense official says ukraine has used the high rocket launchers to take out russian command posts and other targets. at least four of those sys...

carrying on his climate agenda, despite the supreme court ruling that curbs the powers of the environmental protection agency. and were live from the weather center on what could be a rocky start for travelers this fourth of july holiday weekend aloss the u.s. we begin in ukraine, where a weapon is starting to gain action on the battlefield. ukraine has used the rocket launchers to take out russian command posts and other targets. four of those systems are in ukraine with four more...

conservative super majority. today two more big rules. one tieing the biden administrations hands in the climate change fight. the other clearing the way for the biden white house to end a controversial pandemic era trump administration border policy. those decisions closed a turn d make block buster changes to american law and to american life, including new limits on how states can regulate guns and, of course, the end of the roe v. wade decision that guaranteed federal abortion righ...

more history will also be made in the high court in minutes. judge ketanji brown jackson will be sworn in as the first black female justice on the supreme court. she will take the oath just after justice stephen breyer officially retires. lets start with cnns jessica schneider. she is live at the supreme court for us this hour. quite a way to round out the term. >> reporter: absolutely. two big decisions from the supreme court. first in that 6-3 decision the supreme court really restri...

dominated his final moments in madrid as he and other nato leaders wrapped up a historic and consequential summit. the president blamed high gas prices on russias war in ukraine. and he blasted the u.s. supreme court for, quote, outrageous behavior as we give you live images outside the courthouse right now. there are still demonstrators there protesting. perhaps the biggest headline today, president biden says he now supports bypassing the fill bser rule and the 60 vote threshold in t...