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another prisoner swap? >> then, the same kind of technology used for the best covid vaccines, mrna, is showing promise in treating other conditions, including some cancers. welcome to "the lead." i'm jake tapper. we start with our money lead. prices are up and the stock market is down. president biden is trying to put a positive spin on the economy, today insisting that tackling the worst inflation the u.s. has seen in decades remains a top priority. during a speech in front of the afl-cio in philadelphia, the president touted his administration's coronavirus relief efforts, record...

security council official john kirby. and the january 6 select committee just released new video evidence after an abrupt change in the hearing's schedule. this, as we're learning more about a split within the panel over whether to formally seek any criminal prosecutions, including against former president trump. we want to welcome our viewers here in the united states and around the world. i'm wolf blitzer. you're in the situation room. we begin with a nation on edge right now at a critical moment for the u.s. economy. tonight, president biden is making a new effort to calm americ...

peddled false claims of fraud even though he was told by his closest aides repeatedly, mr. president, you lost the election. daniela diaz is live on capitol hill daniela, do we know what bill steppian expects to say? >> reporter: we do not. he is testifying under subpoena. super notable he is appearing before the committee, and the second hearing that will take place later today starts at 10:00 a.m. we do also know was liz cheney said at the first primetime hearing that took place last week that this hearing will revolve around trump's effort to convince huge portions of the u.s. pop...

now it's an improper purpose based on what we heard from hershman saying the only thing i want to hear from you is orderly transition. if you don't do that, you're improperly there. you have a case, but there's still work to be done. cheney talked about the eastman memo, the notion of who was in the house? who was in the room where it happened to say this is what we're going to do. the conjuring moment of figuring out what to do next. i think that might be the piece that is most lacking, but this was a phenomenal stride toward supporting each of the elements. >> right. and the big li...

taming inflation. the very thing that is weighing on the u.s. economy. the worry, of course, is that the fed could tighten too much and plunge the u.s. economy into a recession. it's really a delicate walk for the federal reserve, but at this point, the market wants to see the fed try to get out ahead of this because many believe the fed has been behind the curve for so long. >> alison kosik, thanks so much. >> turning to our politics lead and the january 6th committee laying out damning evidence that former president trump was told over and over and over again that his claims of ele...