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three republican in the house and karl rove will also weigh in. >> sandra: big show coming up. first, fox news alert. move to the federal reserve that could impact every american. standing by for a major decision that would be the biggest interest rate hike in nearly 30 years. ok, we are waiting for it. hello, i'm sandra smith in new, i don't. trace, great to have you. >> trace: you as well, i'm in for john roberts, and this is "america reports." fed decision will be a dramatic attempt to cool down the economy, increasing rates would make everything from a mortgage to a business loan...

Taxes and pulling back regulations. trump's most brilliant policy, i have to say this, was his deregulation policies and hopefully the federal government will not spending and creating money. left to its own devices, janet yellen is selling the biden budget on capitol hill. last week, did not get near enough press. that budget has build back better. that's another 5 trillion in federal spending. stop the spending, and stop the money printing. so, pull back demand, increase supply. >> sandra: they won't do that if they won't acknowledge the government spending is driving the inflation and they ...

News, china and russia, two of america's biggest opponent tailing close ties after a virtual summit this week. vladimir putin and xi jinping amid heightened tensions in washington over the build-up of russian troops near the ukrainian border. processes china back demand for nato to stay away from the issue saying the chinese leader understands russia's concerns until he supports this initiative to work out the security guarantees for russia. president biden awarding 3 medals of honor in a ceremony thursday, two of the metals going to servicemembers who made the ultimate sacrifice. master serge...