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this, of course, despite his promise to make saudi, quote, a pariah state. all this as the federal reserve is expected to announce its biggest hike in decades. john harwood is live in philadelphia. john, there is a lot at stake for the president. >> reporter: a lot at stake, erica, for the president. a lot at stake for the country. as we've seen underscored by the january 6th committee hearings. the president's biggest political problem is negative public sentiment about high inflation. as you indicated, he is going to say that this is his top priority. mostly a job for the federal...

stolen by fraud. >> that was testimony from former attorney general bill barr, played during the second hearing into the attack on the capitol, saying donald trump was detached from reality, as he tried to overturn the 2020 election. we will have the key take-aways from day two of testimony. plus, after yesterday's intense sell-off, stock futures are in the green so far this morning. as investors brace for a larger than expected interest rate hike. we'll have the latest read on the economy. and the race to turn that bipartisan compromise on gun safety into law and the process of ...

and aircraft. all kidding aside, he's come off the sidelines. he's retired, helped us identify and get ahead of the challenges that arise at our ports, our railroads, and on the road. this is about reducing costs for families. you know, i have to admit to you, a lot of the elected officials have been in office for a while. every once in a while something you learn makes you viscerally angry, like if you had the person in front of you, you would want to pop them. i really mean it. there are nine major ocean line companies that ship from asia to the united states. they form three conso...

is somewhat gone awry, because in their dna they believe in tax cuts. personally, i think it is pie in the sky right now given a fiscal position where we have had 400 billion borrowing, 2 trillion public debt, inflation at 9%, to be even thinking about tax cuts. i think it is totally and utterly bizarre and irresponsible, but you do have the likes of respected figures on the right, david davis, iain duncan smith, calling for those tax cuts, saying that that is the way to grow the economy to get you out of potentially a looming recession. the bigger issue for me is, what this is doing...

that is incredibly notable because as brianna was saying, it's been this long-standing practice of strategic ambiguity. basically, that means that the white house will say, china, don't do this. we don't want to see you do this, but they wouldn't exactly spell out what would happen if china were to do that. and the president, of course, did that today, saying the u.s. military would be involved in this. so, yes, afterward, you did see some of the president's aides try to walk this back saying he wasn't articulating any kind of change in his policy, but it is a policy difference for h...