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investment officer at advises capital management explained. the fed has tightened policy dramatically and quickly, basically a five percentage point increase over a little more than a year. that is huge, historically it's an enormous increase and i think there is one view that the fed should wait to see the impact of what they have done stop any break may be short—lived, us inflation running above the 2% target of the fed so the pain from higher borrowing costs to companies and consumers is likely not over according to the chief economist at kpmg in the chief economist at kpmg in t...

for a musical extravaganza. welcome to the programme. we start in the us, where a landmark bill which includes billions of dollars to fight climate change, has been approved by the us senate. we'll look more at that bill in a moment. first, let's go to kentucky, because presidentjoe biden is there. he's set to meet families hit by the flooding a week ago that killed at least 37 people. we're expecting to hear from him shortly. we will bring you more on that as and when we get it. now let's look at that landmark climate bill — and what it means. it's the largest investment in climat...

the actress and singer olivia newtonjohn, star of the iconic musical grease, has died of cancer at the age of 73. welcome to world news america on pbs and around the globe. we begin tonight with the biggest investment in climate action in american history. the us senate has approved a bill that includes $369bn for reducing carbon emissions — the aim is to cut polluting emissions by 40% by 2030. president biden could sign the measure into law as early as this week. with the mid—term elections just three months away, democrats are celebrating what they see as a big win. our corresp...

democrats are not only paying for this $700 billion tax and spend package by raising taxes, super sizing the irs to bring more muscle on so they can go after taxes. the tax reduction act the senate passed over the weekends gives the irs $80 billion to add agents to their roster spending money to bring in more money. this is six times the current annual budget of the irs. half of the $80 billion goes to inflation efforts, having auditors pour over taxes with a fine tooth comb to make sure they're paying their fair share. >> we also empowered the irs to go after wealthy tax cheats so t...

act, sweden and finland's asession to nato, gun control and reconciliation were all passed over the last two months, many with big bipartisan majorities. if it gets to his desks, the president will have pushed through a $3.7 trillion agenda. how is this all going to play in the mid terms? that is the big question. there are a lot of variables, including record inflation and abortion and that stubborn political precedent that the party in the white house almost always loses in the mid terms. joining me is senior white house correspondent kelly o'donnell, jake sherman, co-founder of pu...