Gun Makers Testify on Capitol Hill After String of Mass Shootings 7/27/22

The CEOs of two gun manufacturing companies testified to the House Oversight Committee today. Just before the hearing, lawmakers released a report on the industry’s marketing actions and profits, revealing gun makers have made more than $1 billion off assault-style weapons over the last decade. Plus, the Federal Reserve raised its benchmark interest rate by .75 points. It comes as Fed Chair Jay Powell says he does not think the U.S. is currently in a recession. We take a look at how he’s handling concerns about having people lose their jobs. And the U.S. makes a “substantial” offer to Russia to release detained basketball star Brittney Griner and marine veteran Paul Whelan. Is this a deal the Russians would take and the one the U.S. should offer?