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now. president biden was wrong back in december when he predicted that inflation was at its peak and said this. >> i think you'll see it change sooner than -- quicker, more rapidly than it will take than most people think. >> leader mcconnell is standing by. first, gene sperling. good to have you with used too. the question that comes up again and again is that the messages that we received from all left fields of the white house and treasury have been wrong. so how did you get this so wrong? >> well, martha, the white house and the treasury department were saying last year and i can...

what a crazy day in the markets and for the economy. just when we thought the inflation news couldn't get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. >> the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 years. we know that americans and companies are paying a lot more for their goods these days. meantim...

this nation, democrat and republican. allow no one to place a dagger at the throat of our democracy. >> president biden last week addressing thursday's primetime hearing of the january 6th committee investigating the attack on the capitol. and we're hours away from the committee's second public hearing. at 10:00 a.m. eastern, the house panel will lay out how the big lie got started. also ahead, a compromise on capitol hill. senators from both sides of the aisle agree to what could be the most significant gun safety legislation in decades. we'll tell you what's in the deal and how s...

Announced any numbers, but suffice it to say, we're talking about billions of new dollars in mental health spending that will be part of this bill. our intention is to pay for it, and that's important to all of us but especially to many republicans. we're going to do three main things. first, we're going to build out a national system of community health centers. this is somebody debbie stabenow and senator row blunt have been working hard on. those will be focused on underserved areas. new community health centers all across the country. second, we'll invest in telehealth. that is important t...

Attention to the way we do. what they welcome is the fact that this president is re-assuring and backing his allies. that trip to the middle east was so much more successful over there than what is reported here. they have absolutely embraced this president. >> neil: would they worry about this if it looks we're getting preoccupied with it? >> the only thing they would be concerned about is it diminishes the president's authority. i don'ts think they think for a minute that he will leave office. they want him to exercise his full authority. >> neil: general, very good seeing you. >> good talki...