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Capitol Report (July 27): FED Hikes Rate to Slow Inflation; US, Russia Top Diplomats Set to meet up

President Joe Biden is back the Oval Office after quarantining for pretty much weekly. Now, at the top of his agenda is really a conversation with Chinas leader Xi Jinping.

In a significant move by the Federal Reserve, the central bank is scrambling to cool off white-hot inflation by hiking the interest again.

With the U.S. economy involved, we swept up with an associate of the home and the Senate to go over.

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

The U.S. military and Senate Minority leader Mitch McConnell are giving an answer to House Speaker Nancy Pelosis possible visit to Taiwan.

Having an upsurge in crime through the entire country, Senate Republicans revealed legislation to strengthen crime laws.


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