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plus the u.s. and russia debating a prisoner swap. antony blinken speaking with sergey lavrov. and a breakthrough on capitol hill. chuck shchumer and joe manchin striking a deal after a year of negotiations. >> there's a lot in this bill, including tax changes. we begin with major developments on the u.s. economy. the gross domestic product fell 0.9%, following a 1.6% drop in the first part of this your, blamed in part on the omicron surge, all of this adding to fears the u.s. could be in a recession. joining me to talk about all this, white house national economic director brian dee...

>> look at that, there's a whole lot of crazy right there. election deniers. insurrectionists. weirdos, freaks, you have it all. the republican candidates in arizona, all of them extreme, all of them insurrectionists, all of them people who actually don't believe in american democracy. they believe in their form of government, where, well, you only recognize elections where your side wins. >> and this is what folks on the far right have been working on for quite some time. what this says about trumpism and the future of the republican party. also, a russian court sentences wnba sta...

before the first 2024 faceoff, and the candidates are taking very different approaches before the gloves come off. president biden is hunkered down in camp david preparing while former president donald trump is campaigning. and as trump is gaining momentum with donors, a new fox poll shows biden's building support with voters who say that immigration and the economy are still among their top deciding factors. so who's got the edge heading into next week? welcome, everyone, i'm jack a key deangelis in for neil cavuto, this is "cavuto live." we begin in the battleground state of pennsy...

And thrilled to have been a part of it. >> it is not yet whether kyrsten sinema or bernie sanders are on board. are you confident you have the votes to get it through? >> defeat is not an option here. it's common sense, all good stuff, deficit neutral, works on inflation, puts people to work, covers folks for health care, brings down prescription prices. who would not be for that? >> "the washington post" is reporting that larry somers was key in speaking to manchin and convince him this package is nonot inflationary. can you explain to folks at home how it will not be inflationary? >> in this...

Confident that we are going to get the build back better act passed, and i actually think we're in a really good place where we have everyone in the caucus agreeing to what is in the current text, which is truly more than i thought we were going to get. it is a transformative piece of legislation. >> so what was the turning point for you? you sound really confident, and i'm sure the president would be happy to hear that, because he, too, sounded very confident this morning. it's been a very touch-and-go, not just the last week, but for a few months. what has been the turning point for you in y...