- bam! and the opportunity, when i find things, (men cheering) to experience joy. wow! (men chuckling) and share that with someone else. i think it's the definition of treasure. - and thank you for blessing us with this incredible family, and that is the true treasure. - amen! shannon: i'm shannon bream. the federal reserve's moves to cool the red hot economy rattle markets as americans feel the financial strain. another current picture is plain to see. inflation is much too high. shannon: borrowers will pay more for homes and cars. >> inflation is. shannon: we'll ask whether the solution can spark a new set of

problems. >> there are a couple of issues that need to be settled. shannon: negotiations over gun reform with a deadline to hold votes next week looming. we'll ask republican senator mike lee whether the bill this jeopardy. new questions about joe biden's prospects for another term. we'll ask our sunday panel what it means if democrats and the mainstream media abandon him. we'll take you to a small town virginia diner where patrons are trying to bridge political divide. all that now on "fox news sunday." hello and happy father's day from fox news in washington. there are growing concerns over the economy. the fed make its biggest hike

this week aiming to kurp inflation. the president says recession isn't inevitable. telling energy executives to produce more. i critics say he's pointing fingers at a situation he helped create. we asked the white house cheech house chiefeconomic advisor bri. >> >> they can drill but they are not doing it. >> president biden threatening oil companies with quote emergency powers if they don't boost supply to lower gas prices. exxon firing back saying the white house can promote

investment through clear and consistent policies. refiners say they are already operating at max capacity, roughly 95%. production is within 3% of january 2020's record high before the pandemic. they have so many leases available to them suggests they have the ability to pump more. >> the american people are bracing for a very pricey summer. and they know exactly who to blame. >> half the country blames biden for the spike in gas prices. 30% of americans blame putin. the federal reserve conducted the largest right hike in 30 years. higher interest rates means americans will pay more to borrow money. >> the inflationary pressures have everything to do with the president and his policies and the american people are paying a

price for that. >> the white house and top democratic lawmakers with work on measures to flight inflation and in addition and gun measures. brian deese, welcome back to "fox news sunday." let's look at the polling and see how americans are feel being the economy. 32% optimistic. 65% pessimistic. the condition of the economy, 82% of people say it's only fair or poor. then we asked a personal question how is it impacting you, 90% say it's a problem. 88% say grocery prices. the president asked americans to have confidence in the economy. >> we get it. when you drive up to the pump

and you see the prices it creates uncertainty and economic hardship. but it's important that we recognize the unique strength we have in this economy. unemployment at 3.6%. household balance sheets have repaired the last year. we have the lowest mortgage more th. the president made clear mat fighting inflation, bringing down prices is his top economic priority. he's calling on congress to pass legislation that would help to accelerate this process and bring down prices without giving up the economic gains we made. shannon: bloomberg * reporting on this. senator joe manchin is getting

praise by people across the political spectrum for blocking build back better. even the fed said it contributed to inflation 2 to 3 percentage points. what can you get done? >> i will leave the negotiations where they are and not talk about them here. but what are we talking about now in concrete measures to lower -- lower costs typical families are facing. lowering prescription prices. lowering energy bills, utility bills with common sense tax credits, and reducing the deficit with long overdue tax reform. congress agreed if we take those steps it would be complementary to what the fed is trying to do and send a signal to the world that the united states is

committed to this issue to bring prices down. shannon: what is the timeline for getting those things to a vote. we have an august recess coming, and mid-terms that could change the makeup of capitol hill and what you can get done. >> we are hopeful and we want to see something move here in the short term. this is not just about enacting legislation. it's about giving some relief to families right thousand and -- to familiesright now. shannon: let's talk about the possibility of recession. part of the obama-biden administration said to get back to the goal of 2% inflation, the fed has never done it without a

recession. 60% of ceos expect a recession in the next 16 months. 75% of executives think we are there or about to be there. >> a lot of the things about the economy are unique. we never thanked 3.6% unemployment and the record level of job openings. there is a lot of incumbent strength in the labor market. i talked to ceos across the economy. americans are spending less money on goods. at home they are spending more money on services. the housing market is recalibrating. if you are a typical homeowner

you have probably 50,000 to $60,000 additional in equity in your home. as we move through this transition, not only is a recession not inevitable, we can try to get to that stable and steady group we want to get to as quickly as possible. what we can do right now is send a signal that we get it, inflation has to be our top economic priority. there are tools we can deploy and steps we can take right now. shannon: on the issue of taking responsibility. the president said it's hard to believe -- i will do my job and take responsibility, i won't blame others. it was a hallmark of his campaign. >> the buck stops here. harry truman said it.

it means no excuses. it means taking responsibility. the ultimate responsibility for the biggest decisions in the world. shannon: the "new york post" opinion piece said biden alternates for claiming credit for everything good that happens in america and swearing to being a bystander with everything that goes wrong. >> his plan going forward, when putin began amassing troops on the ukrainian border the president stood up and said clear this war will not be without cost but we must defend democracy. now he's saying we have global economic challenges. we have energy prices set globally. that's not an excuse. that's why we need to focus on the steps hereby at home to

produce more energy at home. shannon: the president has taken aim at president putin. inflation was four fold from when he took office to when the invasion began. it appears to be antagonistic at this point. here is what he said to fossil fuel companies, oil companies on the campaign trail in 2019. >> i guarantee you we are going to end fossil fuel. shannon: you are a numbers guy. would any executive invest tens of billions of dollars into infrastructure the president said he's going to destroy? >> let's talk about numbers first. america is the largest producer of oil and gas in the world. shannon: 2019 was the peak.

>> then it came up and down during covid and has come back. but we are a net exporter of oil. we produce more oil than we consume. shannon: let me stop you there. gentleman who finance says with regard to oil the main component in gasoline, the u.s. con siewms more than it produces saying the u.s. is not independent in terms of raw crude. they say the united states is a net importer. >> we are a net exporter of oil. but more important than that for the immediate term is what we can do to increase supply. supply came down during covid. we want to see that come back. the companies have a powerful market incentive. what we are encouraging is they take their profit margins and

put them to work to increase production. the president's policy has always been a transition. a transition to clean energy. that means building on the strength of our energy system and following the science. the see you evenings shows even with very ambitious client targets oil will continue to be a part of our economic equation this decade and the next. many companies have committed to that transition. many companies have similar net zero targets. what we are encouraging and the president's secretary of energy will be meeting with companies this week. let's get pragmatic steps in the near term. the dow asked all of these energy executives what is keeping you from doing this. 94% said something other than government regulations. if we are in a place where the

government can take a immediate step we are open. slan * the energy industry said a third of their capacity has been taken down because of conversion to renewable fuel conversion. a letter from the head of the american petroleum institute said this. your administration has canceled infrastructure projects and imposed more tax increases on oil and gas producers competing globally. so why should they have take the risk? they say they lost tens of billions much dollars during the pandemic and they had to borrow against that tens of billions to ramp it back up to prove deuce now, but you guys are handicapping them. >> what energy executives say,

90% of them, say there are other barriers. but you have a president who says if there are practical immediate things we can do, you raised refineries. some of the refinery facility have been shifted to bio fuel. at the moment when they are generating record levels of profits because the prices have gone up because of the war the last couple months. put that investment to use. if there are practical things we can do, and this transition is a transition the market recognizes, the companies recognize. shannon: are you worried about the optics of a visit to saudi looking like we are going had in hand. their human rights abuses are

well documented, and the killing of journalist khashoggi. >> when it is in the u.s. interest for a president to engage with a foreign leader he will do so. if he believes he can advance u.s. economic and security interests. shannon: even though he said the saudis should be treated as a pariah. >> we have national security interests in the region as well as economic interests as well. he will vigorously represent american interests and american values. that's what you can expect from the president on this trip. shannon: thank you very much. up next, bipartisan talks on gun regulations stall. we'll bring up senator mike lee

shannon: for the first time in years it appeared a bipartisan agreement on gun reform was possible. even mitch mcconnell expressed support. joining us now from utah, senator mike lee, also the author of the book, "saving nine." i want to put up the framework for the gun legislation

proposal. it talks about funding mental health services, backgrounds checks and 18-21. there are also issues about red flag laws. it's something you as republicans have been concerned about. it says it will insure deadly weapons are kept out of the hands of. >> most of these things sounds unobjectionable. the issue is we don't have a bill. last week, about a week ago when you had this gang of 20 emerge saying we have a deal. we started expecting to see a bill. i refused to indicate when or how i will vote on a bill until

i had seen the text. there are a lot of things that can go wrong in legislation. it became apparent they don't have a bill. they had agreement on a series of very broad promises. i know there is some bill text that has been written. but on the most impactful provision there is no language. without that language you can't ascertain if it's okay. but we have to be careful when something like this happens, that we not legislate under the heat of the moment under great emotion without look at the text and figuring out what we are doing. we have to be careful that we not punish law-biding americans for the wrongs carried out by the criminally mind and insane. shannon: background checks for guns by and large most them are

background checks. moving to legal age, 82%. red flag laws 81%. and banning assault weapons 61%. are you out of step with your constituents? >> first of all, what's important is we look out for the rights of constituents. they are asked poll questions, they are not asked questions about specific language. it's the job of a lawmaker to look out for interests and the rights of law-abiding citizens they represent. with each of those provisions i understand how they can get high popularity readings when they don't define them. there is no universal definition of what an assault rifle is. very often the true distinction depends on whether the to be pieces of the gun are made of

wood, plastic or composite. so the text does matter here. because it's that text that will determine whether we are intruding unduly on the rights of the american law-abiding citizen, and doing so in a way that would deter violent criminal behavior. shannon: you referenced earlier some of the internal workings of this. senator john cornyn, the lead republican on the negotiations, one senator called it shut up and vote is what republicans were told to do. "axios" reports that you asked for more details and you were rebuffed. a core anyone aide said he's been talking and answering questions, he or our staff has been in particular contact with cra:po and lee.

do you think this internal dialogue with the gop will kill the whole thing? >> no, in getting answers to my questions. i have yet to see bill text. i have yet to have any of my questions dealing with the details of what the provisions would do answered. it's one thing if they can identify with reasonable particularity what the provisions can do, but they haven't been able to do that. the gang of 20 emerged saying we have a deal. there til is no deal. we have been asked, are you supporting the bill just as a number of senators are rushing to sign object and say they support the bill when it doesn't exist. this is a dangerous way to legislation behind closed doors. you need the transparency of a

public conversation with bill text in front of you. shannon: the january 6 hearings continue to go on. we heard the president had a number of his advisors tell him there wasn't enough evidence of fraud to change the results from the election in 2020. >> what you are seeing is a complete and total lie. a complete and total fraud. shannon: that's his take on it. your own text messages have couple. here is what the salt lake tribune said about that. new court filings raise questions about senator lee's involvement in an attempt to overturn the 2020 election. >> first of all, i knew how bad joe biden would be as president. i knew what a disaster he would be in the oval office. there was uncertainty in the wake of the election. as we approached the end of

december, there were rumors that continued to circulate suggesting that some states were going to be withdrawing and reallocating their electoral votes. because congress has a role in that, so i communicated with mark meadows to find out if the rumors were true. i couldn't get answers. so i reached out to state officials to find out if the rumors were true. the rumors weren't true. no state has the intention of withdrawing its electoral votes. shannon: has the committee candidate to talk to you in the form of a deposition and would you sit down with them? >> no, they haven't. shannon: would you sit down with them if they did? >> sure. i would always be willing to talk if they want to talk. shannon: let's talk about one of our mutually loved issues, the

supreme court. we are awaiting the decision from your former boss on the leaked opinion draft, justice alito, there have been protests at the justices homes. a guy has been arrested for an intention to kill senator kavanaugh. the fbi says they are investigating the attacks and the threats. the president signed a bill to give more protection to justices' families. are you satisfied these attacks and threats are being handled properly? >> no, i am not. we have seen a deliberate attempt to isolate, demonize, and intimidate those justices citing justice alito's opinion. which everyone agrees is fantastic. as i predicted might be the case

in my book "saving nine" this would happen. her trying to demonize them and intimidate them. the justice department has turned a blind eye to the provision in law that prohibits people from showing up at the homes of supreme court justices to protest. by not prosecuting them and condemning them, the biden administration is condoning the attacks. shannon: in a "washington post" article they said even if republicans get the house they don't have a plan either. if republicans do regain the house and/or senate, is there a gop plan to get the economy

ticking again? >> my plan is simple. we need to focus on regulatory reform as the first order of business. that would help bring down inflation. we need to pass the act oh elected lawmakers rather than unelected bureaucrats are writing laws. they are currently made by unaccountable unelected bureaucrats. the renis act with fix that. shannon: we are going to bring in our sunday group on confidence in the fed and

>> the critical perspective with doing our job is making sure the public has confidence we have the tools and we'll use them and they do work to bring inflation back down over the course of time. shannon: jay powell on inflation. it's time for our one say group. catherine lucey from the "wall street journal." dan bongino, and howie kurtz. ppp.pp'. members are almost certain to be in a recession when official bigs are released.

zero% growth in 2022. what does this administration do? how worried are they about this? >> a lot of ceos think the country is headed to a recession. the they are citing strong jobs numbers and arguing the country is in a better position than other nations around the world. and they are saying they respect the fed's independence. this is a challenge for the president. he has a limited number of tools to deal with for americans' biggest concerns gas prices and inflation. but people are anxious and nervous. shannon: harold, more of a long form interview, he did say interesting things where he

admitted the american people are really down. he said that more than once. he's asking them to have confidence. should he be doing more of these interviews? harold: he should. happy father's day to the guys around the table and those in ukraine. the president needs to lead more. you can't come out one day and say you are going to see the saudi arabian leadership with the hope they will produce more gas products then criticize u.s. gas companies. you should give them the certainty they need. you can't tell a person who believes he or she is not doing well, that you are doing much better. there is a long list of people doing that. repurpose some of the covid

money to help build out advanced manufacturing centers from chattanooga to chicago to cleveland and be less reliant on global supply chain. repurpose some of that money to pay down the debt. i wish the president would lead more. putting him in a reactionary mode doesn't show well for the office. shannon: we'll put you in the column that joe manchin did the right thing on build back better. they are in negotiations with top democrats getting something across the line. but as bloomberg * reported joe chan chin is at the center of those conversations. ben: i don't think they will get it done. even if they do, i think the problems we are facing are more moreholistic.

with money being so cheap for so long you could afford to invest in companies working at a net loss selling people goods far under the amount it takes to make those goods or serving them in ways at much lower costs than they could justify. now, you don't have that luxury anymore. the fed is basically saying this needs to stop. they are sending the message this can't keep going the way it's been doing. it will effect our economy, it will affect every household. the cost of goods going up around you, not just energy. or whether you will experience that was of the uber you are taking is costing twice as much as it used to cost. what you are doing is being exposed to a reality about the way our economy has been performing. unfortunately neither the white

house nor congress will have a solution in the near term and we are headed to a couple of hard years in that respect. shannon: howie, the january 6 committee has been criticized for being put together as a tv production. you watched every second of this thing. what do you make of how it's playing? howie: the hearings have been uneven and often dull. but they have driven home this point. the witnesses who testified that donald trump was told by them that he lost the election and the allegations he continued to push were false and he endangered mike pence's life. they are all republican. trump supporters. even his daughter. they are not fake news journalists. journalists claiming vindication saying see? we told you all along. this is a big lie.

people sympathetic to trump in his inner circle saying the same thing. did liz cheney and the democrats on this committee change many minds? no, i think everybody is dug in. but we are seeing a shift in the coverage. shannon: the relationship between the doj and the committee about are you going to turn over material. the doj says you are not cooperating with us. we could use this for prosecutions we are doing. what are the potential legal and political ramifications of this. catherine: we'll have to see how this plays out. the committee is focused on trying to tell this story. they have more hearings to come. they are trying to lay out in stark terms what they say. the president was doing on that day, what the impact was and what it means for the american people. shannon: we are inside the

beltway. but when i'm outside of it, i don't know a lot of people who know about these hearings? ben: these are not working in the form of trying to change the conversation or change the mind of anybody in the country in part because their mind is set on the economic challenges we are facing. we are concerned about kitchen table issues. if they tushed this committee --th if they turned this committee around, i think you would have had more response to it. but it took so long it's basically a production designed to play for cable channels than change people's minds. harold: here is what i can't get my head and arms around. it went on for four hours. if someone had been killed that day we would have a different conversation. shannon: we did have somebody

killed that day. harold: we did. if a member of congress or the vice president had been killed we would be having a different conversation. i'm not convinced the justice department should act. but how do you deter something like this from happening again? that's what we have to think about as a nation. i think ben is right. we are thinking about economics. but i can't get my head around how do you let somebody over who said we want to kill your vice president. and you don't call them to please leave. if i knew someone was coming to their home. shannon: we have to leave it there. but clearly there is more to come on that. panel taking a break. up next "fox news sunday" takes you to a cafe where they have a tradition talking politics without problems.

shannon: "fox news sunday" is on the road to mid-terms as virginia voters are set to head to the polls tuesday. it's home to a lot of voters tired of the partisan bickering. we go to a small county north of the beltway at a diner where civility gets the most likes. >> it's 9:00 on a monday morning in berryville, virginia. with the boys opening the soccer team are state champs.

and where cole slaw is fold by hand. here customers see themselves as this group does every weekend. like clark county as a whole. the majority of these long-time friends are conservative. this tradition of diners gathering for a daily chat started in the 60s and just kept going. >> business people would take a break at 10:00 a.m. in the morning and come in and have k fee. the conversation can get political. >> when a little kid can get a gun, it's not suppose to be like that. >> the second amendment is a lot

more things. it's part of protecting this company. >> when immigration or abortion couple, they have a fine-tune pivot. berryville is a small town with just about 4,500 people. it's nearly doubled in size since 2,000 as beltway buyers moved efficient and further out pushing buyers higher. >> 70% of our buyers are coming from fairfax. reporter: slow political changes arrived with new neighbors. >> people don't want those issues coming across the mountains. reporter: berryville sits at base of the mountain in clark county. but right below that mountain is

loudoun county it's part of the tenth congressional district. the republican is a veteran and vietnamese immigrant. >> we saw in the governor youngkin campaign, you need to draw in the moderates. >> we want government to leave us alone. let america be america. we want government to stay out of our businesses, stay out of our homes, stay out of our schools and stay the heck away from our kids. reporter: back in berryville chapel shows off a photo of his wife. he's a republican, she is a democrat. >> we were what we were.

thinking back on it, i was what -- >> she passed away last year. the daily breakfast providing comfort and companionship in the loss. our diners wish there were more groups like this talking politics with civility and staying close with division. knowing they will be back tomorrow at jane's lunch. >> it's a good place to live. shannon: we are back with the panel. i want to hang out with these people. i think most of america is like that. they can have conversations with their neighbors and have disagreements. but how do voters get that message to washington? harold: it reassures you about the country. we need to elect more people like the people in that diner. not that those exact people.

but people who come to washington and approach politics. like the late mark shields did, listen to the debate, be serious and civil. we won't agree on everything. but if we can finds compromise, let's finds compromise. people want from their politicians, leadership. don't blame everybody, don't blame their own party wobter members. try to get something done. that's what i heard most from those people. shannon: we'll road trip. we see people who have trouble or are disturbed, they focus on that stuff. we saw a racist mass shooting in buffalo. we have a guy threatening to kill justice kavanaugh. we have people who think it's appropriate or inappropriate at

people's houses. 55% said inappropriate. 62% of people say they don't think what's happening at justices homes is a cool thing. ben: unfortunately while you might want to see people come to washington and achieve compromise and work together, i think after november you will see a wave election that is going to send a lot of people to washington who are here as avatars of the most extreme and high-level hair on fire kinds of approach to our politics because in part people are desperately trying to achieve change. they are trying to achieve a different direction. and they have been throwing all sorts of different approaches to it. it's why donald trump was elected president. they are desperate for that change when such change might not be possible anymore.

advancing significant legislation is too much of a lift for congress, and its inability to do its job in a way that's a process of leadership that achieves reform and new policies that respond to the demands of the people is turning out to be a challenge for america's government overall, regardless of your ideology. shannon: the congressional generic ballot is tightening. katherine, what does that say to you about the mid-terms? catherine: it many worth seeing if that number turns. 2018 was a good year for democrats in the mid-terms. but there are still a lot of warning signs for democrats. voters are very unhappy with how biden is handling inflation, gas prices.

the president's approval rating remains low. and people are citing gas prices as one of their top concerns. those things line up for democrats in a troubling way. they are issues that's hard for them to show movement on and the country is frustrated. the country is really down. so you are going to have to see, you will have to tighten a lot more to account for them. >> we heard a lot of whisper being the growing numbers of articles. some people on the record publicly saying. others saying they don't think president biden should run again. and others think he should. a writer for "the atlantic" said let me put this bluntly. joe biden should not run for reelection in 2024, he's too old. >> there is a lot of anger amplified by the media and our political system.

you have the times where saying quoting democrats on the record saying they have doubts about joe biden'sages, his mental acute. this is his own party. it got the story through customs. it made it safe for everybody else to talk about it. howie: people like david axlerod saying he's not as agile before the camera has he used to be. the thing is, you heard a lot of these things from conservative media. you have everybody talking about it. it's not good for joe biden. officials take it so seriously, they obviously cooperate with "the washington post." they say joe biden is running. he's all set. this is a man who has wanted to be president since 1987 when he dropped out of his campaign. shannon: where does the party

go? there are concerns and whispers about the vice president as well. harold: it's hard to see president biden not seeking reelection. if gas prices are down and food prices are down. people would say he knows what he's doing. they have got to get the policies right. i would be focused there. get the policies right. you do that and people will think and talk differently. ben: when bernie sanders did that debate with behindsy grahah senatorgraham he looked a lot lr than president biden.

shannon: that's it for today. i'm shannon bream. happy father's day to all you dads out there. have a great week. we'll see you next "fox news sunday." t time on "life, liberty and levin." . >> good evening welcome to "the next revolution" this week mortgage rates rose five.7 percent the highest level and double than what they were last are the biggest weekly increases 97. on top of the lowest labor over1 years you have the biggest mortgage hike what a historic administration