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will be, and challenging the democratic incumbent senator who is defending a seat, a seat in a state where joe biden won by about two percentage points. a nail biter today. >> john king, you are following key races out of south carolina, incumbents, representative nancy mace and representative tom rice, one of the rare republicans to impeach trump after the insurrection. what is the latest there? >> let's move across the country and look at the house. pull up south carolina. votes coming in a little more quickly than nevada but we're several hours in now. this is very interesting her...

the prices down. first, what more can we expect with this decision from from the fed next hour? bottom line what does it mean for american families? >> reporter: i think hearing from powell will be highly scrutinized. i think economic projections. we will hear how fed officials are feeling about the state of our economy, not just right now but also for years to come in terms of things like gdp growth, inflation for sure. also unemployment, the battle of the bar here for short is interest rates. if you take a look at interest rates over the last few years, you can see they were pretty...

inspiring america. >> announcer: this is "nbc nightly news" with lester holt good evening, everyone forecasters are using terms like "heat dome" and "atmospheric rivers" to describe what is driving extreme weather conditions across the country tonight, from dangerous rain and flooding to crippling heat many will see triple-digit highs in fact over the course of the next seven days, over 250 million americans can expect temperatures 90 or hotter. and while drought-stricken parts of the west can't seem to buy a drop of rain, too much of it has fallen in montana and wyoming. it's been...

hearing takes new turns. the january 6 committee accusing donald trump of scamming his supporters out of $250 million. laying 0 out the case that trump solicited money from backers by using lies as a fundraising tool. adding that he sent up to 25 emails a day, soliciting donations for illegal funds that simply didn't exist. but is it potentially criminal and will attorney general merrick garland pursue or prosecute it as such? those are the key questions emerging from the hearings overall. and there seems to be a new rift emerging from the january 6 committee itself on the very sub...

into bear market territory yesterday. economists predict the fed will raise interest rates again in another attempt to battle rising inflation. cnn business correspondent solomon is here with me now. this ppi report, why should people at home care about this? what's it matter for us? >> it's interesting because ppi doesn't get as much attention as the consumer price index, but it's really important because it's factory level inflation, what producers are experiencing, and we know what companies are feeling, we'll likely see a few months down the line in terms of consumer prices. even...