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sign for the u.s. economy. inflation finally starting to cool off and it was flat for the month of july. consumer prices increasing by 8.5% year over year. that's slightly lower than the 9.1% increase back in june. and we'll be talking about what that means in just a moment. >> it is really good news for every consumer out there. plus, former president trump set to be deposed today by the new york attorney general's office. this is in connection to a civil investigation into the trump organization's finances. we have details on that. we are also learning this morning much more about ...

we have a lot for you this hour, and we're following several major stories. >> president biden is about to sign a pact act, a major piece of legislation aim at expanding resources and benefits for millions of benefits exposed to those burn pits and other toxic substances. we'll take you live to the white house in just a moment for the signing. >> and it is just an extraordinary legal week for former president donald trump as he faces several major investigations. right now former president trump is sitting for a deposition with the new york attorney general's office, and this is in c...

campaigning, elections set to show much of a grip donald trump still has on the gop. our correspondents are standing by live later on in the show. i'm hallie jackson with you on this monday afternoon in washington. so let's get right to ken delainian and danny. ken, we haven't heard from guy during the trial. he didn't testify on his own behalf. he wasn't expected to make a statement today, but that has changed and he's now going to speak, we understand. >> reporter: yeah, the latest twist in a day that's been full of them here, hallie. earlier, guy reffett was trying at the defense ...

the illegal server taking the fifth, i think it's disgraceful. have you seen what is going on in front of congress? fifth amendment, fifth amendment, fifth amendment. horrible. horrible! >> the lawyers are deposing trump in a civil investigation by the new york attorney general. she's looking into the donald trump organization's allegedly misleading of lenders and insurers and tax authorities by providing inaccurate financial statements. add this to the list of legal troubles facing the former president. including a probe of documents. monday's search has his supporters urging him to...

president biden has awakened from his fever dream of last night, his nightmarish speech, which looked like it either wandered onto the set of triumph of the will or into amsterdam's red light district is all over now. today, he has no memory of it. watching all of this recalled that moment at the end of the musical seventeen seventy six when john adams prowls independence hall in frustration. >> is anybody down? does anybody care? does anybody see what i see? >> biden would probably call adams an extremist, but is anybody there? does the president even know what he's saying? you deci...