Irwin joining us with. And kay la, i will start you with. At the windy white house there, as it relates to what were hearing from the Treasury Secretary, and from cnbc language, to Plain English here, what it means. Well, its significant because the Treasury Secretary is saying that as of early june, the federal government wont be able to pay its bills anymore. Its allowed by congress to borrow up to 31 trillion and change, but its going to hit that number next thursday. After that point, treasury is going to be looking under couch cushions to try to finds some additional money. It will be pinching pennies. And it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u. S. Debt. So certainly the Treasury Secretary is trying to call on congress and say we need a deal in the coming months. I spoke to a seni
program, a ruling that will impact millions of people, one of the court s most influential cases this term with implications beyond the student loan issue. the plaintiffs which include six republican-led states, two borrowers who do not qualify for this program, are challenging the legality of the plan which would cancel up to $20,000 in debt for some borrowers. so just to give you an idea of the scope here, outstanding student loan debt in this country is more than $1.7 trillion. the vast majority of that, we re talking more than 90%, is from federal student loans and those are the ones that would be eligible for some forgiveness under biden s plan. so far 16 million borrowers had been approved for that relief. when the legal challenges put the plan on hold, officials estimate the program could cost some $400 billion. education secretary miguel cardona speaking with cnn this morning talked about why the administration is so focused on this and why the administration believ
with this kind of weather, you don t know when it will be bad or worse. two of four americans kidnapped in mexico seen in this disturbing video are now in the u.s. and preparing to return home. translator: this is tactical for us. we understand that after bakhmut they could go further, they could go to kramatorsk. live from london, this is cnn newsroom with max foster and bianca nobilo. it is thursday, march 9. it is 1:00 a.m. in california where the state is bracing for more extreme weather. california s governor has declared a state of emergency in 34 total counties. authorities warning residents to be prepared for heavy rain, strong wind and possible flooding. northern and central california are expected to get the brunt of it in the coming hours before the storms head south on friday. we could see localized flooding. you will definitely see travel impacts because we have saturated ground still from all the weather the last two months. and when you add