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today on inside politics, we re not going anywhere. you re struck with us. those promises to ukraine came directly from the president of the united states today. that as the west outlines that country s path toward nato membership. but exactly when ukraine can walk down that road remains a life or death decision. i m dana bash in washington. and i m wolf blitzer reporting live from lithuania, where this hour we expect to hear directly from the president of the united states joe biden. his speech will follow a rather contentious few days. ukraine has publicly questioned why its allies are waiting to formally admit the countries into nato. ukraine s president volodymyr zelenskyy struck very different tones. he says he s grateful for the great unity and for long lasting american security garn tees, but he also used stark terms to describe the costs of nato s decision to keep ukraine at arm s length. we are over at the university where the president is getting ready to ....
tennis legend billie jean king on the game changing moment for women in sports 50 years ago. this is nbc nightly news with lester holt. good evening. president biden tonight announcing his new plan to bring down high fuel prices the president calling on a somewhat skeptical congress to suspend the federal gas tax. that s currently around 18 cents a gallon for gasoline. 24 cents for diesel. a federal gas tax holiday will provide only minimal relief from the price at the pump which has trickled down to a still staggering average of $4.95 a gallon and the president is asking states to suspend their fuel taxes, too. gas prices are up nearly $2 a gallon in the past year helping to fuel soaring inflation. with limited levers at his disposal, the president faces increasing pressure to show he s trying to do something to blunt the impact of runaway prices but at what cost chief white hous correspondent kristen welker leads us off tonight. reporter: under pressure with g ....
Again. the chart showing that inflation c cooled down last month. yes, it is still growing, but only at 3%. that s a world away from the 9.1% pace at this time last year. that is good for americans. wages are finally going up faster than the cost of your life. and your price at the pump is way down. inflation is still stubborn at the grocery store when you sent the represent check, but this is a welcome report for the president s reelection team. talking a reason for another term. jeremy diamond is at the white house. the markets like the news as well. the white house, i m sure, is racing to as many microphones as they can find when the president is abroad on the world stage. they are happy with this report. and there s good reason for it. this is good news for the white house and for the country as well. when you see inflation falling 12 months in a row, the white house is going to be seize ing ....
I ll take a little bit if we can get it. even in dollar store you cannot buy anything for 18 cents. reporter: gas prices are down from the record high set last week thanks to a drop in global oil prices but some top economists warn a gas tax holiday could add to inflation many republicans blasted the move. this ineffective stunt will join president biden s other ineffective stunt on gas prices. reporter: even some democrats lukewarm. i support it but i think we need to be honest about it. it s not going to show a dramatic change in gas prices unless states follow suit. reporter: it is not clear there are enough votes to pass it speaker pelosi saying we ll see where the consensus lies meanwhile on capitol hill, federal reserv chairman jerome powell grilled by lawmakers after raising rates for the third time this year to fight inflation. c will gas prices go down as a result of your interest rate increase i would not think so, no. reporter: the ....