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borrowers. the biden administration announcing that over 800,000 people will have their debts eliminated intern action totaling 39 billion dollars. it is coming just two weeks after the supreme court struck down the presidents plan to forgive up to $20,000 in debt for 43 million borrowers. i want to bring in nbc news white house correspondent who has more on this for us. mentally, you and i spoke after this decision came out. i asked you if the biden administration and the president specifically would be working on a work around. it seems as if they have found one. well yasmin, the white house has been working on multiple tracks to try and deal with this issue of student debt. because they think it s really a problem for the economic picture in this country. too many people with high levels of debt can t really start a family. they might not buy a house, they don t have mobility and employment. this is not necessarily an answer to the supreme court s decision. it s one of the other
in transportation secretary who d better judgment may. now mister secretary, your magnanimity is impressive in that moment, but i have to ask what is the biden white house plan for making sure americans know who voted for these by my count a majority of republicans in the senate voted against this infrastructure bill that will bring 110 billion dollars for road and mitchell pair, 39 billion dollars to modernize transit, seven and a half billion and electric vehicle charges. these are big investments that they voted against. so is there any kind of messaging strategy here to correct the wrongs? well, look i think it s important for these members of congress for their constituents to know where they stood. when we were fighting to get this money in the first place,
billion dollars for road and mitchell pair, 39 billion dollars to modernize transit, seven and a half billion in electric vehicle charges. these are big investments that they voted against. so is there any kind of messaging strategy here to correct the wrongs? well, look i think it s important for these members of congress for their constituents to know where they stood. when we were fighting to get this money in the first place, remember this bill even though bipartisan and even though we are proud of the strong bipartisan majorities that passed it in the end, they spelled the not come easy. it was declared dead multiple times. the president kept fighting for it, congressional democrats kept fighting for it, and some congressional republicans crossed over to work with president biden and work with democrats to get it done. many others stood in the way and denounced it as wasteful spending,, as socialism. of course, what s remarkable as it turns out that they don t think it is social
accepted the offer valid at 39 billion dollars. as of the close, market was $28 billion more than a 11 billion loss and after musk s big announcement yesterday, shares for twitter fell about 5% to $36.81, that s well below the $54.20 per share that musk offered to pay for the company. now, twitter could push musk to pay the $is billion breakup fee for the conditions to end the deal, but the board s chairman is not getting up, that they re going to enforce this merger agreement and confident they will prevail, this could end up being a very long legal battle, griff. griff: talking about a lot of money there. christina coleman live for us in l.a. thank you. molly. molly: so much money. for more insight on emon elon musk backing out of the deal,