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let's get down to business now. in just a few hours, the federal reserve — america's central bank — will make a decision on interest rates. it's pretty clear the cost of borrowing will go up but the question is, byjust how much. our north america business correspondent samira hussain reports from new york in the united states the cost of living has hit the highest level in more than a0 years. everything is more expensive. in the last year, the cost of food and vegetables is of more than 8%. today, £1 of beef is $5. last year it was $a.a0. the price of petrol has skyrocketed by 6...

we begin in china where we've just had a slew of data that shows how deep the impact of both the pandemic and its demographics is having on society and the economy. data from the national bureau of statistics shows china's economy grew by 2.9% year—on—year for the last three months of 2022. that beat expectations — reuters expected the economy to grow byjust1.8%. for the full year growth came in at 3% — far below china's official target of 5.5%. excluding the year covid hit in 2020, this is china's worst showing in nearly 50 years. also today, the news that china's population...

business-to-business website interface. >> is that the police? >> yes. >> um-huh. >> well, this is what happened. ryan's big project was the web site. which wasn't doing so well. so, ryan, to give the impression of sales, recorded them twice. another good term is fraud. >> jesse: and some of the biggest tech busts have come out of the federal government. we all remember when obama told us a website called healthcare.gov would change our lives until it crashed good luck getting the student loans paid off. biden's website crashed too. on hold because it's illegal. maybe the third time ...

plus we will speak with the new secretary of transportation pete buttigieg live in this show in a bit. but, first, breaking tonight, just moments ago it has been more than 100 years since we have seen this moment on capitol hill. more than nine ballots for speaker of the house and just now after a tenth vote has just wrapped up. we still don't have a house speaker. the growing question now is who will blink first? we're in the third day day of the republican battle over this job. former minority leader kevin mccarthy still does not have enough support to get to the magic number and t...

white house walked back the president's declaration on 60 minutes that the pandemic is over. tonight, there are more mix messages from the white house on covid-19, only this time they could democrat the democrats' priorities. a letter sent to president biden urging him to directly engage with vladimir putin, offer sanctions relief and end the war in ukraine. now lawmakers said the letters was sent by mistake. matt is live with the debate. >> good evening, trace, it is one of the most watched senate races in pennsylvania. both candidates faced off in their first and only debate. dr....