Jon Scott Start News Today : Breaking News, Live Updates & Top Stories | Vimarsana

charles watson live in atlanta with more. charles. >> good afternoon the news of the passing of nba legend bill russell is sending shock waves to the sports world and beyond. people try to wrap their heads around this tremendous loss. a message posted to russell's twitter earlier today said he passed away peacefully with his wife jeanine by his side. tributes for the boston celtics gray can nba hall of famer has ported from high-profile figures including former president and fellow basketball legend such as magic johnson who called his death a tremendous loss for the entire basketbal...

and now another major democrat is [inaudible]. >> it's the sitcom that predicts how we're going to live in the future. to mark george jetson's birthday today, [inaudible]. but first president biden tested positive for covid again today in what his doctors are calling a rebound case. it is the second day of isolation for joe biden. >> hey folks, joe biden here. tested positive this morning. i will be working from home the next couple of days. i'm feeling fine, feeling good. [inaudible]. >> and as biden is sidelined from covid, his administration is under fire for its handling of chi...

obesity epidemic. he thinks it's not this issue but it's a national security issue. >> first, showed up in the senate on capitol hill right now. the state is about to begin on the inflation reduction act. democrat moving forward with a huge spending bill despite the findings the bill will have a major impact on inflation. the white house saying something completely different. >> the economist have said this inflation reduction act will reduce inflation. >> is it appropriate to brand as inflation reduction act when it will have this effect in the next two years? >> if you think about ...

call inflation reduction act will not only lower cost for consumers but will not raise taxes on the middle class. republicans argue it will not help you alleviate inflation and it will take money out of people's pockets and hurt americans across a number of key sectors. chief congressional correspondent chad pergram is live on capitol hill and he has the latest for us. >> good evening, the senate waited all day but the past hour the senate got a text, the bill is 755 pages in length, democrat plans to pass the bill overnight. >> this is one of the most comprehensive impactful bills c...

Shock so a lot of turbulence right now and it's hard to sort out or name what it is we are in. we are in a mess. jon: a mess rather than recession that doesn't figure in the economic textbook very well. the fed has been trying to fight inflation raising interest rates and they will be in september again so what are you expecting them to do? >> it's likely they will raise interest rates again and you have been seeing turbulence in the financial market because of what's going on with the fed. the market tumbled earlier in the year and when the fed raises interest rates, it slows the economy that...