toxic work culture inside the nfl. reports of a woman paid off to settle a sexual assault case against dan snyder, the owner of the washington commanders football team. what the league s commissioner roger goodell told congress today about the new allegations. welcome to the lead. i m jake tapper. we start with our money lead and president biden s latest attempt to tame the insanely high gas prices plaguing americans. the president this afternoon called on congress to temporarily suspend the federal gas tax, which is right now about 18 cents a gallon. a move president biden has resisted until today given that it is unlikely to pass congress. republicans widely oppose it, and even some leading democrats are skeptical that oil companies will actually pass that savings on to drivers. the proposed suspension is part of a larger plan introduced by president biden earlier today which the white house claims could save drivers up to $1 per gallon of gas. as kaitlan collins report
i m using every lever available to me to bring down prices for the american people. when will prices start to fall? energy secretary jennifer granholm joins me exclusively to discuss ahead. plus, marking juneteenth. the nation celebrates a momentous day in american history. i ll speak to a democrat who worked to make it a federal holiday. congresswoman sheila jackson lee ahead. hello. i m dana bash in washington where the state of our union is worried about our democracy and our wallets, yet there is one bright spot this father s day. children as young as 6 months old are now eligible for covid-19 vaccines after more than two years of the pandemic. but this bit of good news comes as even president biden is acknowledging in a rare interview that americans are, quote, really, really down. here s why. americans are watching their 401(k)s plummet as the economy faces the highest inflation in decades and reported high gas prices. the threat to the economy is sharing a spli
in danger. state officials prepare to testify in this week s hearing, i ll speak exclusively to a democratic committee member, congressman adam shiff and a republican congressman, fred upton next. and recession looming, high inflation and gas prices are hitting americans where it s hard but president biden said a recession is not inevitable. i m using every lever available to me to bring down prices for the american people. when will prices start to fall? energy secretary jennifer granholm joins me exclusively to discuss ahead. plus, marking juneteenth. the nation celebrates a momentous day in american history. i ll speak to a democrat who worked to make it a federal holiday, congresswoman sheila jackson lee ahead. hello. i m dana bash in washington where the state of our union is worried about our democracy and our wallets, yet there is one bright spot this father s day. children as young as 6 months old are now eligible for covid-19 vaccines after more than two ye
the friday before juneteenth, clocked in as the most popular air travel day of 2022. and all of this as inflation hits a 40-year high. let s start with the travel troubles facing so many americans right now. in los angeles international airport, already today more than 770 flights cancelled. and still, there might be more this holiday weekend. why? yeah. it s because a lot of people are flying first of all. tsa saying they screened about 2.5 million people on friday. that s the highest number they ve seen since the sunday after thanksgiving. and then the problem is that the airlines just can t keep up. of course, part of the reason why so many are flying this weekend is because it s a lock summer weekend. a lot of people have off monday for juneteenth, and of course, it also coincides with father s day. and then these airlines just not keeping up for a number of reasons. one, being weather problems. delays and cancellations. there s also staff shortages and infrastructure c
and is a soft landing for the u.s. economy still possible, or are we heading toward a recession? let s ask the chairman and ceo of baird company. jason, nice of you here. lots of turmoil in the financial markets. i wonder what you think they re telling us. is this just the end of easy money with higher rates adjustment and the adjustment to that, or is it something deeper in the economy? i think it primarily is an end to easy money, and the fact really is that the fed has obscured what the rate in the markets has been for 13 year. so there s an adjustment period right now. i think most of the decline in stocks thus far has been associated with higher interest rates and an acknowledgment the that inflation is a little bit more structural. what you haven t seen yet and which is somewhat concerning for us is that you haven t seen earnings expectations for, for many companies come down yet. and so right now it would be hard to say that the market is telling you there s going