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security council official john kirby. and the january 6 select committee just released new video evidence after an abrupt change in the hearing's schedule. this, as we're learning more about a split within the panel over whether to formally seek any criminal prosecutions, including against former president trump. we want to welcome our viewers here in the united states and around the world. i'm wolf blitzer. you're in the situation room. we begin with a nation on edge right now at a critical moment for the u.s. economy. tonight, president biden is making a new effort to calm americ...

join us coming up. >> john: first fox news alert to an economy in crisis. americans crushed on high prices from gas to food while their retirement accounts evaporate. growing concerns a dramatic move by the fed on interest rates could send the economy spiralling into recession. john roberts in washington. sandra. great to have you back. >> sandra: i am sandra smith in new york. this is "america reports." we are watching all of this, brand-new numbers today from may painting a bleak picture of the american economy. consumer and producer prices still skyrocketing, and hitting record hi...

alex! alex. >> and the lies. >> he could turn his ton black as though he were possessed. >> to making a fortune. >> truth doesn't really matter. it's like a far right qvc. >> threatening american democracy. >> 1776! 1776! >> through exclusive footage. >> i'm donald trump now. >> interviews with former employees. >> we made up the stories. we lied. >> al lex not stop. >> his victims. >> every day i get a death threat. >> and those trying to stop him. >> how would you describe him to people who don't know him? how do you explain to folks who have never seen something this craze? >> if ...

iran will remove 27 cameras that have been announcing nuclear sites for the international community. i'll talk to iea chief rafael mariano about what happens next. average u.s. gas prices hit a record $5 a gallon. overall inflation hits 8.6%. 40 year high. consumers are pessimistic about the state of the u.s. economy. what does the former federal reserve chair ben bernanke think? i'll ask him. but first, here's my take. we are now living in a totally new era. that is what the 99-year-old henry kissinger said commenting on the russian invasion of ukraine. president biden vividly out...

economy in the world, the world, the world. maria, no actually, the economy contracted 1.5% in the first quarter. and now predictions it's about to get much worse as the federal reserve moves to the the raise interest rates again this upcoming week. >> it's a hurricane. it's -- right now it's kind of sunny, things are doing fine, everyone thinks that they can handle this. that hurricane is right out there down the road coming our way. >> i think that we're really heading for lehman-type moment here. i think, and listening to institutional investors, the marks on private ec by -- equi...