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year i reduced the deficit by $350 billion! and you know how much i'm going to reduce the deficit this year? $1,500,000 reduction in the deficit. and, by the way, just by dealing with allowing medicare to negotiate drug prices, it means medicare doesn't have to pay out that many tax dollars to buy them. that alone is going to reach over time $300 billion reduced in the deficit. you would think the republicans really cared about reducing inflation, they would vote for the inflation reduction act, but every single republican in the house and senate voted against it. now, i admit someon...

boosted. let's get back over to the white house to get an update from cnn's jeremy diamond. jeremy, what is the latest you're hearing? >> reporter: we just received a letter from joe biden's physician, dr. kevin o connor, confirming the news that the white house put out, saying that joe biden has tested positive for covid. he writes that the president tested positive this morning as part of our routine screening program. he says he tested positive on an antigen test that was confirmed via pcr testing. he confirmed what we reported on air just last hour, which is that the president is...

out a photo of himself earlier in the day in the white house residence. we're following all of it right now with jacqui heinrich on what the administration is saying. mark meredith retracing where the president has been telegraphing and brett giroir on the impact of these reininformations that are right now. welcome. i'm neil cavuto. this is "your world." we didn't anticipate this going into the day and a crazy market as a result. we'll get into that. meanwhile to jacqui heinrich with the latest from the white house. jacqui? >> hi, neil. good afternoon to you. the headline here is th...

mass demonstrations. plus voting is underway in japan the country reels from the assassination of his longest- serving leader. a brutal summer hot spell continues with 39 million americans on alert. the sri lankan president and prime minister say they will resign after tens of thousands of protesters stormed the residences of both leaders as the seemingly endless economic crisis boils over. a short time ago four cabinet members also resigned.[ clip playing ] >> demonstrators broke through police barricades to reach the presidential palace calling for the president to leave office...

unemployment rate ticked up. the question is how about the federal reserve react as it tries to tame inflation. more on that is ahead as well. while the president is addressing the academic concerns from voters ahead of the midterms, the other issue at the top of their list is threats to democracy. last night, in philadelphia, he took aim at the former president by name and his supporters who he has been branding maga republicans. listen to this. >> what is happening in our country today is not normal. donald trump and the maga republicans represent an extremism that threatens the ...