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premiums all up. the cost of food consumed at home rose nearly 12%, food away from home, 7.4%. the gasoline index has increased 48.7%. the average national price of a gallon of gas this week, is at $5, highest in california at $6.42. trying to stem inflation, the fed said it will raise interest rates by three quarters of a percentage point, the biggest hike since 1994. new projections show interest rates may hit 3.4% by the end of the year, but because inflation is rising far faster than any of those rates, any money in savings is still being eroded. there's also a spade of layoffs a...

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...

trump's political strength is still evident at the polls. overnight south carolina republican congressman tom rice was defeated by a trump endorsed candidate. rice was one of ten republicans in the house who voted to impeach the former president and one of the first to face republican primary voters. another race in south carolina did not go trump's way, congresswoman nancy mace at times a trump critic survived a primary challenge. in another significant development republican mayor flores flipped a democratic house district in south texas, this is a pretty significant special elec...

systematically being replaced by other races. he's not alone. why are these demographic fears going mainstream in countries around the globe? i'll talk to two experts. but, first, here's "my take." president biden says that combating inflation is his top domestic priority. but he certainly isn't acting that way. he has in plain sight several members that would reduce inflation significantly, and yet appears hesitant to do them. as many distinguished economists have noted, the repeal of most or all of donald trump's tariffs would be the single most effective way of reducing inflatio...

going mainstream in countries around the globe? i'll talk to two experts. but, first, here's "my take." president biden says that combating inflation is his top domestic priority. but he certainly isn't acting that way. he has in plain sight several members that would reduce inflation significantly, and yet appears hesitant to do them. as many distinguished economists have noted, the repeal of most or all of donald trump's tariffs would be the single most effective way of reducing inflation 2349 near future. as a reminder, a tariff is a tax on goods paid by the american consumer wh...