Capitol Report (June 15): GOP Flips South Texas Congressional Seat; Biggest Rate Hike in 28 Years

The Federal Reserve raised its key interest rate by three quarters of a percent, the largest rate hike in 28 years. Gas prices are averaging over $5 a gallon. The White House is now calling on oil companies to increase capacity for less profit. The oil industry is striking back, pointing to what they call misguided policies. Wit...