Spiral Effect News Today

finally official. kevin mccarthy is the new speaker of the house after 15 hard-fought ballots and some serious late night drama. and a good saturday morning to you, im katie fang, lets begin todays show getting caught up on how we got here. it started with the 14th vote late last night >> mccarthy managed to flip more of the hard-line republicans needed to win the speakership. but came up short one matt gates voted present. that led to a tense conversation on the house floor between th...

press for a blockade on ukrainian grain k3 exports. where the possible discussions stand and how the impact is felt far beyond the battlefield. and we begin in uvalde a community still very much in mourning after the massacre that left 19 children and two teachers dead at an elementary school. amid the devastation, were also seeing an outpouring of support from that community and beyond. on saturday, you see them there is a long line of mourners waiting to lay flowers at a memorial s...

entire clinton campaign. >> title 42 is scheduled to go away monday. >> based upon bidens numbers they said expect 18,000 a people a day. that would be the equivalent of houston coming across the border in a year. >> and this weekend is the second leg of the triple crown. >> its going to be one of the hottest stakes races in recent history. ♪ do it again ♪ cant wait for the weekend ♪ oh my god, its the weekend ♪ like every day ♪ >> steve: talking about the weekend. you are lo...

food prices too have gone up. nothings being done about it. >> its going to kill the people, these diesel prices. >> they have no -- i have no choice but to fill up my tank. theres no other choice. >> definitely too much. and it has to change, hopefully soon. neil: it is the story of the week, and right now it is hitting americans hard. im talking about inflation, and it is still out of control. heres how bad things are getting. were grateful if the rise isnt as dramatic as we had expe...

>> katie it should be noted that mccarthy went from 20 people voting against him, to actually not one republican voting against him. all the holdouts change their votes to president it, a last-minute turnaround out when congressman paul were trying to bowlusville that lead to a spiral effect on the line,. a lot of drama, you can see of the conservatives would coq au vin. >> i can imagine, julie, that lauren boebert was the sapped of the floodgates open. for doing this hard work, thank you, i kno...

Mean in everyday life? this week i visited a discount store in northern california, and heres what consumers are saying. >> rising prices are affecting me around every angle; gas, groceries, markets are down, cryptos down, everythings down. so im here trying to fight back. >> reporter: it was so disheartening to see how much people are struggling to buy the essentials. theyre so tired. and yet you could also hear some hope in his voice, hope that soon he will maybe find some relief. weve still g...

Died and there was multiple people shot. theyre going to have to look and see -- if youre commanding this, you have to see if theres any relation. friday night you have a driveby shooting with multiple people outside a party. and then this one. is it a retaliation, a go back and forth? maybe not. theres such proximity to those two events and also in location and time, but they have to look at it. they have to really find out who these killers were at both of these scenes. >> could that be why th...

That is an enormous chunk of city revenue. this is a stark warning for cities across the country because now moodys investors, which is the credit agency for wall street, some 8500 local cities and counties are now unfunded and their pension liabilities by $2 trillion. that means that you are obligated to pay, but you simply do not have the money. here is the biggest problem. when cities invest in pension money, they base their rates on return at between 7.25% and 8%. in actuality, they are only...