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past 18 months over the course of the biden presidency so far. that came from the heritage foundation from analysts there that compares it to what is basically taking the titanic into an iceberg. art laffer, the economist that helped turn around this ship under reagan said this in reaction to this report. >> this inflation number is accelerating. it's not toning down or topping out. >> brit hume joins us in moments on the political blowback for president biden and what that looks like as we head to the mid-term. first, let's bring in jackie deangelis and mark tepper. thanks for being...

thiessen live coming up. >> john: fox news alert, president biden landing in the middle east as inflation hits a new 40-year high with no end in sight. i'm john roberts in washington. sandra, double duty today. >> sandra: great to be with you, john. brand-new numbers from the government showing red hot inflation has not cooled. consumer price index surging to 9.1% in june. marking the biggest one-year increase since 1981. the president issuing a statement in response to all of it saying "today's data does not reflect the full impact of nearly 30 days of decreases in gas prices and ot...