dwindle. >> young people are the future, yet there are many factors which are disheartening such as the lack of jobs, the dizzying pace of contemporary life, hikes in the cost of living, the difficulty of finding housing and even more disturbing the fear of forming families and bringing children into the world. >> francis also talking about the clergy sex abuse crisis, he was calling -- just spoke and said the scandal of the abuse crisis has marred the church and has driven many of the people away from the church and of course world youth day is about turning that enthusiasm on again about the church, the catholic church, to the next generation coming along, sandra. >> sandra: really interesting stuff. lauren green, thank you. great to see you. thank you. all right, here we go. can you believe it, the top of a

brand-new hour and fox news alert. former president donald trump staring down four federal charges stemming from special counsel jack smith investigation into january 6th. i'm sandra smith in new york. a brand-new hour of "america reports" starts right now and it is a treat to have you here today. hello, rich. >> rich: great to be here, sandra. thanks so much. i'm rich edson, john roberts has the day off. the former president is expected to be arraigned in federal court in washington tomorrow. >> sandra: many think the latest indictment will do that again. >> rich: aishah, what are lawmakers saying? >> rich, congress is still on its august recess, but we are already seeing house republicans begin to strategize on what actions they might take next in response to this latest indictment of the former president, including pulling on the purse strings, that is

congress's power. republican firebrand matt gaetz and marjorie taylor greene are calling to defund special counsel jack smith. some folks are eyeing the appropriations process coming up, but gaetz is demanding that his conference bypass that all together and vote on his proposed bill now. we have not heard anything from house speaker kevin mccarthy yet or gop leadership, but any such measure, keep in mind, would not really get through a democrat-controlled senate. jim jordan has already come to trump's defense, waiting to see if he's going to demand that jack smith come testify on capitol hill. he's already requested a lot of documents related to the special counsel investigations into trump. republicans are taking particular issue with the conspiracy to defraud charge, where trump disputes the 2020 election results, everybody from

joe biden, nancy pelosi, hillary clinton made similar statements over the 2016 election. they are also raising questions about the timing of all of this, particularly because this came just one day after the devon archer testimony. >> the timeline is really odd. donald trump is the front-runner, they want to dismantle his campaign and if they could they would put him in prison. like him to be in prison by the time the election comes. >> so leaders schumer and jeffries, excuse me, democrats are calling for no outside interference as this case moves forward and schumer and jeffries released a scathing joint statement accusing trump of personally orchestrating the attack on the capitol, calling it a months long plot by the president to defy democracy and overturn the will of the american people. and house democrats were already taking credit for this before it ever even dropped.

rich. >> rich: aishah hasnie live on capitol hill, thank you. >> sandra: live to nashville, an event we have been anticipating. vivek ramaswamy, he's live there in nashville, and he is there to call on authorities to release the covenant school shooter's manifesto. dip in here and listen to what he has to say there. >> it is a long standing tradition of law enforcement in the united states of america to when it is recovered release the manifesto of the shooter. we have to learn from tragedy, to prevent in the future. manifesto of the killer was made public in the following instances, allen, texas, buffalo, new york, charleston, south carolina, isla vista, california, poway, california, in all cases within 48 hours of the tragedy. the public demanded the same

happen here in nashville immediately after the tragedy in march. in fact, the national police association has since sued city officials and county officials demanding the same. it turned out that on april 27th governor bill lee, the governor of the state pledged to release the manifesto. yet today sitting here in august with nothing other than stone walled silence from our government. that is wrong. that does not build public trust. that erodes public trust. i'm here today to make a demand of the governor of tennessee, to make a demand of the national police department, to make a demand of the fbi. release the manifesto. speak the truth. the hard times are the times where we must most openly speak that truth. it is hardest to speak the truth

under difficult circumstances, but that is when we require it the most. i understand that there are legitimate concerns that we do not want details released that will motivate copy cats, i don't want that. the fellow americans who have called for the release of the manifesto don't want that either and it would be perfectly reasonable for the police to redact any sections of the manifesto that lay out plans, plots on details of execution that could be copied by another individual. what we do need to know is this killer's motives, this killer's psychological state of mind, the truth of the matter that we have a mental health epidemic in this country driving a wave of violence around this country and we are going to have to deeply understand it if we are to

address it. history teaches us that we make our worst policy decisions as a nation when we suppress the truth on the back of a tragedy. take the tragedy of the covid-19 pandemic. we would not have shuttered schools in this country if we had been allowed to debate in the open school closures and hear the truth about covid-19. we would not have mandated covid vaccines so quickly if we had been allowed -- >> sandra: really interesting moment in nashville, where obviously a gop candidate vivek ramaswamy is standing there, march 27, 2023, the shooting took place, the manifesto to which he is referring of the national shooter, audrey hale, the parents transferred it to the covenant school parents. the parents are battling to not have that manifesto released,

which is obviously an interesting thing in and of itself that they are working with the shooter's family to keep that manifesto from going public. vivek ramaswamy is making the case that we need to learn from tragedy to improve the future, that we have to address what is in that manifesto in order to make things better and make things safer in the future. so an interesting stance, rich, from vivek ramaswamy who has been very vocal on many issues. this is the first time we have heard him speak directly to that. >> rich: yes, it is, sandra. usually around this time presidential hopefuls are in iowa and new hampshire, but you know, he's leading somewhat of an unprecedented presidential campaign here, pretty atypical for vivek ramaswamy, he's a businessman, made issues that go beyond the normal political issues and certainly wanted to make one of it here, and as you mentioned, there is opposition from the families of the shooter and many of the victims in this

case who do not want this released but there are many legal efforts to try for the opposite. >> sandra: we are going to continue to monitor his words from nashville, and many are watching and listening to that. back to the trump indictment at this hour our top story, wall street journal penning a blistering editorial writing this potentially criminalizes many kinds of actions and statements by a president a prosecutor deems to be false. you don't have to be a defender of donald trump to see where this will lead. kimberly, thank you for being here today. all right, so the justice department drops the third indictment, talking to mike davis about the timing of this, following hunter biden's former business partner sitting down for the big news making interview is interesting to note. but where do you think all of this goes next?

>> well, i mean, i was really struck by the weakness of the conspiracy charges in particular in this indictment because essentially what they are saying is that donald trump was told by many people that his election claims were not true and yet he acted on those anyway. the problem is many people were giving him opposite information so to me jack smith needs to go to donald trump's state of mind and that's what the indictment is missing. some documentation or email that trump says i know this is untrue and i'm saying it anyway and taking actions on it anyway. so, how do you go do that state of mind, i don't know. i'm also very concerned about the president, for future actions, not just presidential candidates but any politician. >> rich: since the beginning of the country was an operational system, you lost the election that was it, you got off the

stage. and you had a situation that led up to january 6th and in the aftermath of january 6th democrats and many republicans were saying, or some republicans were saying the legal system needs to deal with this. is the legal system even set up for this? >> well, it's not, and i think the other thing the indictment is missing is that context you mentioned, rich, which is -- it wasn't just a lot of confusion over last-minute changes to election laws, many demanded by democrats in lawsuits and the last minute running up to the election, but a lot of confusion over laws, like the electoral count act, and who has what authority when it comes to that day on january 6th of counting electors. obviously donald trump's team had a novel theory about that, we had seen congress people object in prior elections, including 2000, 2004 and 2016, and the president here, if the

new standard is going to be n i time an elected official lies about something by the judgment of a prosecutor and takes action on that, are they guilty of conspiracy? if that's it, we need to hire busses to chart people to prison in d.c. >> sandra: and biden, jonathan turley on the biden scandal one of the worst in washington history. listen. >> it's strange that he flies to china with his son and doesn't ask once, by the way, where are you going to go in china, what are the -- are you doing business here. i think this is shaping up to be one of the greatest corruption scandals in the history of washington. >> sandra: that puts things in perspective, you agree with that, kimberly? >> oh, yeah, absolutely. look, that was the importance of that devon archer testimony you started with and mentioned, is

that at the very least what we now know is that president biden was untruthful with the country when he claimed to have absolutely no knowledge of his son's business dealings, he was present at some meetings, he was obviously on telephone calls. democrats are trying to dismiss, oh, he was unaware. you don't end up in meetings being totally unaware, or flight like that totally incurious. something was going on there and i think the real problem for biden and hunter is that this is just the beginning of house republicans investigation. they now have a lot of leads, a lot of people to go investigate and the department of justice is going to struggle to continue claiming it cannot give documents or witnesses because of its ongoing hunter investigation, which does not look to be going anywhere. >> rich: so kim, you have the democratic front-runner who is in this situation he said he had no knowledge of his son and his son did not earn any money from

china, which is now proven not to be the case. and -- >> sandra: rich, i think you are probably hearing pence coming to your ear, he's speaking right now, the first time we have heard from him on this new indictment. >> most of the money is created -- [indiscernible] are you concerned by decreasing the supply of money you are going to slow down, for example, the real estate market or small business? >> decreasing or increasing the money supply -- it's really about having a federal reserve that stays focused on protecting the dollar instead of trying to prime the pump through lowering interest rates or zeroing out interest rates as we did in the period of quantitative easing, and creating great hardship for americans when the adjustments and the interest rates raised back up are happening. look, for more than several

decades we have had the federal reserve basically trying to do two things at once. achieve full employment and protect the dollar. and when i was a member of congress i actually authored a bill that would end what's called the dual mandate. i think the federal reserve should be focused on protecting value of my dollar and hold the president and congress accountable for policies make sure americans are working and achieve full employment. >> thanks, everybody. >> sandra: ok, we missed it right off the top there, rich, he did take a question on the new trump indictment, said he hoped it would not come to this. we'll effort the exact response to that but did move on to talking about the federal reserve and his economic policy, pitching to become the next president. >> rich: he did say last night the country is more important than one man, our constitution is more important than any one

man's career. o he was critical of the former president, i don't believe he mentions him by name but he has defended his actions on january 6th, done so for several months now, for a couple years now, and that has been a real point of disagreement between the former president and his former vice president now as they find themselves political rivals in the nomination for the 2024 republican presidential nomination. >> sandra: and he's at the indiana state fair, hopefully he goes to get something good to eat now, an elephant ear or two. kimberly strassel is still with us, interesting to hear the first reaction from former president trump's former vice president there. >> you know, i think it brings up another thing that was missing from that indictment, regardless of what donald trump said, what advice he was being given by the unindicted co-conspirators, he's not president right now, he's not sitting in the office and that's

because many people decided not to take part in that and the political system in that regard worked. and congress bringing forward impeachment charges, political system meting out some sort of consequence as it were, and so you have to bring the question again, is it worthwhile, is it prudential for this prosecutor to also now bring an indictment, to set a new standard here about what it means to lie to the public and take action on that if you are a political figure, given what it already -- given we had sorted through this to a certain extent and those people who did attack the capitol are being prosecuted at the moment. >> sandra: kimberly strassel, good to get your fresh reaction on the vice president. i believe he's joining us martha on the 3:00 hour so reaction to that and more. now this.

kimberly thank you. unrest overseas as the u.s. weighs evacuating an embassy as a crisis escalates in one african nation. plus, just heard from the former vice president, mike pence, but all the candidates are weighing in on the latest trump indictment. our political panel is here on that and more. know it's getting harder and harder to make ends meet. credit card rates are averaging 22% and still climbing. even car and truck loans can be 15%. but newday's rates are a fraction of that. the newday 100 va cash out loan lets you use the equity in your home to pay off high rate credit cards and car loans. and you can save $500 a month. that's $6,000 a year. ♪ i gotta good feeling about this, yeah ♪ ♪ i'm with it ♪ ♪ i gotta good feeling about this ♪ ♪ yeah, ♪

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>> all the presidential weighing in, david carlucci, and garrett, joining us now. i don't know, where do you guys think it goes next, garrett, you give it to me. is this good or bad to the

former president and his run for -- re-run for president? >> third time is a charm. i think here what you are seeing is the last two indictments have helped donald trump, surged in the polls since they happened, the "new york times" poll shows him in a deadlock with joe biden and trounsing his gop opponents by 37 points. timing of it helps him, when he first ran for re-election in november, two weeks later the doj then appointments the special counsel, when grassley and comer come out with this essentially joe biden is alleged to be in a bribery scheme by an fbi source the next day, bomb, the docket in the case falls. and this, devon archer's explosive system that joe biden was potentially involved in hunter biden's business dealings, certainly had knowledge of them, why are they doing this now two and a half years later and because trump surges in the polls, biden takes a nosedive in the polls and

investigations continue to get closer to joe biden. >> i disagree. i mean, i think the problem we see is that donald trump for the gop has just become too big to fail, no matter what happens republican loyalists are looking away, saying it's not -- not donald trump's fault, he can do no wrong, it's the doj, it's all a political witch hunt and that's what they are saying about the department of justice and i think it's a problem. when you just focus on the department of justice doing wrong and going after them for political witch hunt, it leaves the political -- the real nugget on the table and that's policy. you know, what is trump going to do for the economy. we don't hear any of that. we hear just doj did that, that guy screwed him, this person is doing him wrong. one thing after the other. data has been coming out the economy is looking good, that president biden's policies are actually working, and that's

going to bode well when we head into 2024. you can blame everyone, but you have to look to yourself to say what are you going to do and i don't hear that coming from the republicans. i hear it from president biden, he can run on his record and the republicans don't have that. any policy to stand on. >> sandra: meanwhile, there are continued questions and rightly so whether or not there is a two-tiered justice system in the country, this is tim scott, what we see are two different tracks of justice. one political opponents and another for the son of the current president. meanwhile, mike pence taking on his former boss, says anyone who puts himself over the constitution should never be president of the united states. >> quick to respond here. donald trump has put out numerous policy videos and speeches, joe biden has not, he has no campaign events, no -- 65% of voters say the country is

headed the wrong direction and 39% approve his presidency. inflation is higher than before. tim scott and vivek are seeing where the gop base is going, the voters think it's weaponized against donald trump, more and more folks, even ron desantis, next closest challenger weighing in support of donald trump coming closer in that. mike pence, a good man here but missed the moment and siding with the doj over president trump i think is wrong. >> he's saying he's siding with the constitution. are we a constitutional republic or something else? >> what would you say -- >> look aside to say forget about the election results, put me back in power. >> where that against the constitution n>> you are not allowing people's votes to count. this is what he's charged with. >> sandra: all right, all right, let me jump in here and continued reaction to some of what is out there, and this is

our ladies at "the view" stirring up some trials, they are calling for the trump trial to be televised. reaction to this. >> it's very important this trial be televised. >> important thing to televise. the maga cult will not believe it. >> this is an exceptional case. something we have never seen before. >> american, american. we want to see what's going on. >> sandra: maga cult. your reaction to that. >> why they are out of step with voters here, regardless if you disagree with republican or democrat voters, their brief is never such a smart thing a. televised trial would be unprecedented here, probably go against former president trump's rights here to have a fair trial as well, so i think doing that would just create more of a frenzy that does not need to happen. >> bottom line, look at the merit of the cases and not not just dismiss them because of partisan politics and that's where we are creeping down. you hear it on both sides,

ignore what he is going on with hunter biden because of political prosecution or the same with donald trump. and unfortunately with one indictment, one charge after the other, it becomes more and more. >> sandra: timing, the trump indictment dropped after -- >> each indictment helps him in the polls. why would they do this, to help him succeed? >> sandra: and quick question, any indication the former president will be at the debate? >> he was just at bedminster meeting with fox executives, i don't know if it happened or not, it's a very interesting question. you could see whether or not he's showed up. floated to folks of doing counter programming, and he's done this multiple times. he keeps you on a cliff hanger, like an hbo show. >> sandra: you advise these guys do you think he should show up? >> i think he should show up. he is one of the strongest

debaters. at the end of the day i don't think it matters because republican voters trust him. >> i don't think he shows up. he plays by his own set of rules, he's shown that time and time again but he wants to keep people on edge, maybe i will, but then we see that he won't. >> sandra: appreciate the discussion, gentlemen. thank you very much. rich. >> rich: the next big public health crisis may not be a virus or disease at all. new warnings that america is becoming a nation full of lonely people. so naturally washington, even a celebrity, are stepping in. we'll explain. >> sandra: i promise they walk away friends every time, they do. plus, more than 70,000 afghan allies are in limbo and face retaliation or possibly death if they get deported back to afghanistan. a group of elite afghan women soldiers who served alongside u.s. troops. we will share their stories next. >> it's really hard that you

work for u.s. for more than ten years or 20 years but you don't have any status here.

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>> sandra: thousands of afghan allies fled to the u.s. seeking safety nearly two years ago after the disastrous withdrawal. now facing an uncertain future. a bill that would help them with permanent residency was left out of the national defense authorization act. we will speak to a lawyer fighting to keep 43 afghan women soldiers here in the u.s. but first, we head to chief national security correspondent jennifer griffin, live at the peth pentagon with that. >> more than 70,000 that came to the u.s. are still without legal status despite two years of propses from lawmakers and the government their cases would be

fast tracked. they are left in legal limbo, and the strain is taking a serious toll. afghans risking their life to help americans. she commanded 43 afghan female commandos trained by the u.s. military. 30 were evacuated alongside with the soldiers they served alongside ten years. only some have received asylum. they recently visited the pentagon where the u.s. army facing a recruiting shortage wants to enlist them but can't because they don't yet have green cards. >> a because of these problems we cannot focus on anything because we done have permanent status. doesn't give us a better job because we don't have permanent status here.

>> major mary colares and other veterans are lobbying capitol hill for legislation that would give them a path to citizenship. major colares described how brave minaz and the other were during fire fights. >> she came out on a rope, helicopter hovering about, i don't know, anywhere from 30 to 70 feet and slid down a rope under gunfire, you know, not a lot of u.s. service members have done. >> the afghan adjustment act got removed from the defense authorization act last week, and now republicans led by senator tom cotton, lindsey graham and tom tillis and others are trying to negotiate with democrats to find a solution. senator cotton introduced an alternate bill. >> i feel like the afghanistan -- afghan adjustment act is caught in the domestic policies of both parties.

both parties have good intention but here we are. we have to make a decision about the lives of more than 60,000 afghans who live in the u.s. and they want a brighter future and be like everyone else. >> senator cotton's bill focuses on more security vetting, the 43 ftps have already been vetted over and over by the u.s. government, sandra. >> sandra: jennifer griffin live at the pentagon, thank you. rich. >> rich: let's bring in renata paris, representing three afghan soldiers, and i'm sure your clients are extremely frustrated with the process. what's the mindset, are they hopeful, frustrated with the united states, how are they feeling? >> thank you for having me here today and giving us the opportunity to talk about these heroes. they are incredibly frustrated.

we put together a legal task force that represents them and we immediately put together asylum applications and filed those on those behalf. those applications have been sitting with the u.s. department of homeland security, u.s. citizen and immigration services and as jennifer mentioned earlier, only 12 of those applications have been granted out of the 43. so this have been a very frustrating process for them and they are in wait for more permanent legal status in the united states. >> rich: what's the explanation the government gives here, why is this taking so long? >> they haven't gotten an explanation from the u.s. government. the u.s. government came out with a program called operation allies welcome that they were going to ex petite the applications for afghan nationals and do it, they said, within 150 days barring exceptional circumstances. and so far they have all been interviewed but for 1 or 2 of them and the applications have just been sitting.

the only explanation they received is they are in a background vetting process, which really does not feel like a satisfactory response for a bunch of heros who served alongside u.s. military in afghanistan. >> rich: we have heard some stories in jennifer's report how the women helped america forces in afghanistan. what would they face if they returned to afghanistan? >> without a doubt these individuals would be persecuted and potentially tortured should they return to afghanistan. they are one of the most sought-out groups of people in afghanistan due to their gender, their ethnic status, and certainly their military service. we have no doubt that they are exactly the kind of people the protection laws of the united states contemplate and so there should be and are deserving of asylum and permanent resident status here in the united states. >> rich: you see from some of the headlines that come out, this sums it all up, united

nations characterizing afghanistan under taliban leadership as the world's most oppressive country for women. you talked about the prohibitions about certain things in american society like work. how difficult is it for them to live here? >> it's incredibly difficult. it's complete legal limbo. right now the women are beneficiaries of humanitarian parole, a very temporary status. they have received some benefits but nothing akin to permanent status in the united states to enable them to have meaningful jobs, including as jennifer said, serving for the u.s. military or contributing to our national security objectives in other kinds of meaningful ways. benefit from other types of social services and most of all, would benefit from the mental well-being of understanding they can now live permanently and their service was appreciated by

the united states. >> renata, thanks so much. >> thank you for having met. >> sandra: our european allies are rushing to evacuate hundreds out of the west african country niger after a military takeover plunged the country into chaos. the white house has yet to formerly evacuate any americans saying they see a window to resolve the crisis. the state department last hour. >> u.s. embassy is open, constantly monitor event on the ground and make decisions based on what's appropriate to safeguard our personnel. monitoring the ground and making sure to do what we need to for their security now. >> sandra: alex hogan in london. >> the pentagon says it does not

see a direct threat to citizens or facilities, however all the countries like spain, france and italy have announced evacuation plans and they started flying their citizens to safety. we know about 260 people have flown to paris from the capital of niger, and americans were on the more than 80 people flight sent to rome, the flights are organized with the military leader running the country. last week they ousted and detained the president, over what they called lack of economic growth. not the first armed up rising in recent years, it's the fifth successful coup since niger gained independence in 1960. over the weekend, some protests turned violent, groups setting walls to the french embassy, the

former colonial power and some demonstrators were waving russian flags, seeing moscow as a potential alternative to the west. this is coming, a large presence in niger of u.s. forces, more than 1,000 u.s. troops are working there to counter efforts against forces like al-qaeda or isis. meanwhile, in order to restore regional peace in this time frame, the west african block has sent a delegation specifically to negotiate, sandra, with the military in order to return the president by the end of this week. sandra. >> sandra: alex hogan on that live from london. thank you. rich. >> rich: is the biden administration trying to regulate gas cars out of existence? critics say yes. how much is that going to cost? that reporting next. to get cash...surprise. some lenders charge hundreds upfront for your appraisal and other fees. not at newday.

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>> rich: prices are coming down, drivers are not rushing to buy electric vehicles. hesitation may be justified, a new study should goes charging a car can sometimes cost more than filling up at the gas station. fox business's kelly o'grady is live in new york city. department of transportation is accelerating the green push. >> the department of transportation issued a proposal that would essentially force all new vehicles to be electric by 2032. that's aggressive, especially considering the e.v.s are already selling below manufacturers suggested retail price. four e.v.s are at or below msrp, and they say it proves the current business model is not

sustainable. >> when it's electric cars piling up at dealer lots, whether it's longer time to turn for the vehicles, whether it's new manufacturers lowering their prices on their new e.v.s to try to keep them moving, every indication we have kind of hit maybe a threshold in the e.v. market and all of a sudden it's become much harder to sell vehicles. >> on top of that, the headline are e.v.s are a cheaper alternative to gas cars, may be more expensive to buy but over time you save money. it does not account for the cost to install a home charger or the cost to drive a charger. it may not seem like a big deal in california, but per 100 miles entry level price gassed vehicle is almost $3 cheaper than the e.v. counterpart. mid priced was 1.50 cheaper.

add on overloading the grid and rich, you wonder, we have the deadlines, where is the transition plan to make that financially and logistically feasible? >> rich: kelly, thank you for joining us. >> sandra: a live look at the dow jones industrial average, taking larry by shock here. down 320 points as the u.s. credit rating was downgraded by fitch, the white house is blaming, guess who, former president donald trump. they are declaring it a "trump downgrade" and blaming the extreme maga agenda. well, that would include larry kudlow, you were in the previous white house. >> i'm so proud, three years later and i don't even have a rehobeth mansion. maga republicans defined by chaos, callousness and reckless. i'm so grateful, i don't know why janet yellen does not call

me directly. >> sandra: she's defiant, saying it never should have been downgraded. >> i don't think the fitch credit rating means a thing, fitch was given aaa ratings to mortgage-back bonds in the 2000s so much for fitch. a problem with spending, 25% of g.d.p. federal spending, historic range is 20. so you are at 25, and there's no sign of that letting up. second point, i know joe biden says he cut the budget deficit by 1.7 trillion, for which the washington post gives him a bottom line pinocchio, correctly. but this year, this year the budget deficit is heading for 2.25 trillion, roughly 6% of

g.d.p. and the next few years, not in a deep recession, not in a war, the next few years we will be running deficits as a share of the economy roughly 6%, that is historically, incredibly high, twice as high as any average we have ever had and spending remains at 25% of g.d.p. so somebody has to have some institutional restraint on federal spending. you have the federal reserve deflating. >> sandra: interesting point based on the sound i was going to toss to you. >> i want to say, the government is inflating, inflating the federal reserve is deflating. two policy arms are loggerheads, i'm sorry. >> sandra: charles payne had some interesting things to say last hour, but one is making the forecast on the recession or not. >> there is no reason for the

u.s. to fall into recession. only way to fall into recession is if the fed is so focused on 2% and wants to deliver it quickly that it overtightens. >> sandra: and the 2% is 2% inflation. so if they are so aggressive at achieving that, he's warning there is no reason for recession, but they inflict so much pain on the american economy that possibly drives us to recession. >> muhammad is a friend, a great guy but a lot is baked in the cake. looking at models i like, 70% chance of recession the next 12 months, that's my view based on the collapse of the index of leading indicators, collapse of the money supply, the inverted yield curve, so i think you are seeing a recession in manufacturing already, ism manufacturing index was down for the 8th straight month, some such thing, get services out

tomorrow. so recession threat, regardless of what the fed does for the next one quarter of a percentage point but the bigger issue coming back to fitch's thing there has to be some budgetary restraint. newt gingrinch was on the show the other night and talking about the need to start talking about a balanced budget. people have stopped talking about it. the last was in 1990s when gingrinch was speaker of the house and greenspan was chairman. you can't keep running 6% of g.d.p. deficit, it's unhealthy. >> sandra: something is going to give. >> something is going to give. >> sandra: and maybe the fitch rating is the beginning of it. >> you have to have budget resolutions coming up, that's very, very important. >> sandra: there is a chiron

under you that this -- the current biden administration, this is the trump downgrade, talking about the fitch -- and janet yellen says she strongly disagrees with this, puzzling in the light of economic strength we are seeing across country right now. >> he hasn't been president for three years. are you going to blame trump, really? when it rains you blame trump, too humid you blame trump and when trump exercises free speech you blame trump. how about some budget restraint and stop blaming trump, for heaven sakes. >> sandra: we have some breaking news. >> rich: breaking news here, capitol hill police are asking everyone to shelter in place. chad pergram knows the building and series of buildings more than anybody. what's going on? >> russell senate building, i

heard a lot of traffic on the radios, they have evacuated the russell senate office building, across the street from the u.s. capitol and read what the police have put out here, officers are searching in around around the senate office buildings, grand total of 3 in response to a concerning 911 call, stay away from the area as we are communicating. and this from our hillary vaughn with fox business said they evacuated the russell rotunda, and said the officers were screaming at everybody in the office building to get down the stairs as quickly as possible, they ran down three flights of stairs, you had officers with their rifles up saying put up your hands, put up your hands and get out of the building as fast as you can. so, hillary vaughn was with aishah hasnie, our other correspondent in the russell building, so they have dumped the russell building but don't know precisely what they have,

at least they are not saying publicly what it's about right now. they just say there was this concerning 911 call that came in to the capitol police and they are investigating right now. we get some of these evacuations from time to time where they say they are going to close off a building or hallway. this is a little bit different. keep in mind the house and senate are not in session right now, there are a lot of tourists here at the capitol, you still have staff reporting to work in the russell office building. this is where a lot of the senators have their offices, again, just across the street from the capitol. they did not lock down the entire capitol complex, the u.s. capitol itself is still open at this point but they are looking for this person dealing with this very strange 911 call that came in and looking through the russell senate office building and again, this is specific to the other two, the dirkson building behind it and the hart building, rich. >> sandra: and thank you for the

update as we are looking live at the capitol and getting any information we can, which is very little at this point, this is a live camera you can see police activity. the u.s. capitol police say there is a report of possible active shooter at the senate buildings and as chad is reporting, the capitol police asked everyone inside, said they should be sheltering in place if you are inside. they have evacuated the russell building, correct, chad? >> that's correct, evacuated russell and something else i should flag, a lot of rumors floating around, telling people to shelter-in-place, from the capitol police, in the senate buildings, shelter-in-place, there was a report of an active shooter and the police are saying they have not heard any gunshots. >> sandra: the capitol police saying we do not have any confirmed reports of gunshots. maybe we'll learn something more

shortly. >> rich: and from the news desk in washington, hearing it's a mental health crisis. d.c. fire says no reason to believe it's an active shooter and chad, get into the security posture up there on capitol hill, what do you have to go through as a member of the citizenry to get into one of these buildings? >> you can go into the russell senate office building or the other office buildings without a pass. there are certain places you have to come in if you are a tourist or have appointment, certainly entrances for staff and the members of the press corps. but this you can come and go from the offices. and i had inquired if they were going to enhance the overall security posture at the capitol because of the appearance tomorrow, tomorrow afternoon by the former president at the federal courthouse, which is just at the foot of capitol hill. they had not implemented any of that as of this morning and i was told there was no concern

right now toward the capitol connected to this. and we are not connecting it in any way, shape or form to what will happen at the federal courthouse tomorrow. >> sandra: following the direction of the officers and clearly what you see live on the screen right now. people are heading certain directions based on where the police are telling them to go. our coverage will continue. thanks for joining us. i'm sandra >> martha: breaking news on capitol hill. we'll stay on top of that. good afternoon. i'm martha maccallum. right now on "the story," donald trump will be back in court tomorrow to face his third indictment. this one surrounding january 6. it's a stunning sequence of events in the midst of a presidential election, a former president indicted three times while his lead continues to strengthen over the course of these