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Let's go to CNN Congressional Correspondent Jessica Dean. She's joining us stay from Capitol Hill. So, Jessica, what's the state of play on this critically necessary laws? JESSICA DEAN, CNN CONGRESSIONAL CORRESPONDENT: Wolf, right now, the Senate has simply begun a collection of votes for the National Defense Authorization Act. That's one of the must-do things they want to complete this week. It units the policy agenda and authorizes funding for the Department of Defense. So, we anticipate that to go throughout these collection of votes. Then they need to turn their eyes to the short-term funding invoice. And remember, tomorrow is the deadline that they should get that executed. At this level, there aren't any indications there can be a government shutdown. We do anticipate they'll get that achieved. But right now, they're wrestling with simply kind of how they're going to vote in terms of how they're going to set that vote up, the time agreements, things like that, these final-minute particulars that they are trying to work out. So, we're holding an eye on that. But, again, at this point, no indications of a authorities shutdown, we do expect that they may cross that quick-time period funding invoice, which has already handed the House, which implies it then will go to President Biden's desk. So, then that units them up for this larger spending package that we know that Senate Minority Leader Mitch McConnell, Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi all need to get completed. That's the next huge crunch.

Congress Scrambling To Pass Legislation To keep Government Funded; Northeast Braces For Snow, Ice And Rain From Deadly Stormy System; New Vide Appears To indicate Explosion In Eastern Ukraine; New Episodes Of "Harry And Meghan" Explore Split From Royal Family. This can be a RUSH TRANSCRIPT. THIS COPY Will not be IN ITS Final Form AND Could also be Updated. WOLF BLITZER, CNN HOST: Happening now, recession fears grip Wall Street, inventory prices tumbling, as the Federal Reserve's downbeat new economic forecast begins to sink in. Also, this hour, a CNN unique, outgoing House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer of their first joint sit-down interview. They're weighing in on whether President Biden should run once more and whether or not Trump may win. And Russia is ramping its threats because the U.S. Patriot missile defenses to Ukraine. Moscow now warning of what they're calling unpredictable consequences. Tonight, the Pentagon is firing back. Welcome to our viewers here in the United States and world wide. I'm Wolf Blitzer. You're in the Situation ROOM. We begin with the dramatic downturn in inventory prices right here in the United States as fears of recession rise. The Dow Jones Industrials closing down almost 765 points, buyers reacting to a double whammy. The U.S. saw a a lot bigger than expected drop in retail sales final month, that just a day after the Federal Reserve forecast very limited financial progress next yr and sign more curiosity rate hikes are certainly coming. Meantime, up on Capitol Hill, lawmakers, they're scrambling big time proper now to try to pass legislation to maintain the U.S.

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