Capitol Report, July 27, 2007: FED Increases Rate to Slowly Inflation; Top Diplomats from the USA and Russia Set to Meet

President Joe Biden has returned to the Oval Office, almost a week after being quarantined. His top priority is a meeting with China’s leader Xi Jinping.

In a significant move by the Federal Reserve the central bank is trying to reduce white-hot inflation through raising the interest rate.

With the U.S. economic situation in doubt, we met up with members of both the House and Senate to talk about it.

The Senate has passed a $52 billion bill to boost U.S. tech over China, but Sen. Marco Rubio (R-Fla.) is slamming the legislation for failing to protect U.S. tech from Chinese espionage and theft. Next?

The U.S. Military and Senate Minority Leader Mitch McConnell have responded to House Speaker Nancy Pelosi’s potential trip to Taiwan.

With an increase in criminal activity across the nation, Senate Republicans introduced legislation to strengthen our crime laws.


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