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plus the u.s. and russia debating a prisoner swap. antony blinken speaking with sergey lavrov. and a breakthrough on capitol hill. chuck shchumer and joe manchin striking a deal after a year of negotiations. >> there's a lot in this bill, including tax changes. we begin with major developments on the u.s. economy. the gross domestic product fell 0.9%, following a 1.6% drop in the first part of this your, blamed in part on the omicron surge, all of this adding to fears the u.s. could be in a recession. joining me to talk about all this, white house national economic director brian dee...

schumer. cnn will bring you the president's remarks when they begin. let's start with the new gdp report. with me is matt egan. walk us through the report, the numbers, what you see. >> so broadly consumers were still spending. it is a slowdown for sure but overall that was a positive contributor to gdp. on the other hand, government spending slowed down. when we look at where consumers are spending, it's an acceleration of what we've seen. we spent less on physical items. services, however, think airfare, which is why airports are so busy these days, hotels and restaurants, that rea...

process about $290 billion and in addition, also changes the circumstance for people on medicare by putting a cap of a maximum $2,000 a year they have to pay no more than $2,000 a year no matter how many prescriptions they have. for all the prescription drugs. which is especially important for people with cancer, and long-term diseases. it's a god send. literally be a god send for many families. second, the bill locks in place lower health care premiums for the next three years for millions of families that get coverage under the affordable care act. average savings of $800 a year fo...

we should point out nbc news has not yet verified that reporting half what we do have this afternoon is new reaction from a spokesperson for mark meadows. joining me now, luke broad january broadwater, matt miller, and joyce vance. luke, who exactly could be picking up these legal fees for at least it seems a dozen witnesses testifying before the january 6th committee? >> well, there are two funds that are funding witnesses' lawyers. one is the save america pac which is run directly connected to donald trump. the other is the cpac first amendment fund which its director says consults...

>> oh, he's back. >> o'donnell: out of covid isolation. in just five days, president biden is testing negative. gunmakers in the hot seat. new information tonight, as we learn manufacturers made more than $1 billion selling ar-15s to civilians. the war in ukraine. cbs' holly williams is with american military veterans as they train ukrainians. >> reporter: this is a five-day course. they're also learning battlefield first aid, and how to maneuver. >> o'donnell: $1 billion jackpot. when's the next drawing, so you can go out and get your lottery ticket? and, 50 years later. celebrating...