potentially illegal. it is unfair to people who didn t go to college, unfair to peep whole paid their loans back. every young person who is an entrepreneur or worked through college, none of that matters. just cancel debt with the stroke of a pen, not even going through congress is fairly illegal. alexandria hoff live with the latest. good morning. good morning, ashley, todd. this last summer house speaker nancy pelosi says power to forgive student debt rest with congress alone. republican lawmakers feel the efrt to bypass congress won t holdup. this is a gross violation of separation of power. congress has not discussed this proposal or voted on this proposal, the president is looking statute that does not apply under this condition, that is why it is illegal. the biden administration tied it to the heroes act which aimed to relieve debt for members of the military. senior advisor defended this move yesterday on fox news sunday. congress acted. the legislatio
enchiladas loop goes, everything else in the taco bell menu. the good news is america is getting a lot more amusing. the bad news is that it s also getting scary. the government announced that inflation is once again at a year-over-year record. artie knew this was happening, or did you? there were parts of today s report that were not expected. they seemed to defy the most basic rules of economics. here are the raw numbers. inflation cranked up a whopping 9.1% in june. the consumer price index released show the price of necessities and the price of gas is almost at 50% year-over-year. this ran 5.6% of the year, and food 10.4%. if you break it down to just groceries, the angle jump was 12.2%, citing the eggs at dashcam 26%. so, the biggest annual spike in inflation and more than 40 years, that s the headline. but, the reality is worse than that. during the harder years were inflation famously hit 14.64% during the high inflation years of the 1970s and 1980s, average
committee is cooperating now with the u.s. justice department. the chairman reveals the feds are interested in information on the collectors plot that was aimed at overturning drums 2020 defeat. welcome to our viewers in the united states and around the world. i am wolf blitzer. you are in the situation room. a scenic view in jerusalem at this pivotal moment for u.s. relations in the middle east. president biden is on the ground here in israel. the first top of his trip to the region that includes a very, very sensitive meeting later this week with saudi leaders. cnn white house correspondent jeremy is with us. this is a high-stakes visit for the president as he works to strengthen stability between israel and other allies in the region. that s right. senior u.s. officials have told me they are looking for opportunities on this trip to deepen the emerging partnerships between israel and many arab countries in the region. both those existing and new partnerships that have ha
argues the data does not reflect a recent decrease in gasoline. prices for regular unleaded had fallen about 40% 40 cents rather over the past 30 days or so but still remain about a buck 50 higher than this time last year. our coverage begins tonight at the federal reserve where rich edson tells us what to expect next. big question there, rich. good evening. good evening, bill, officials here at the federal reserve are trying to bring these price increases under control despite that inflation is on that toward praise throughout the economy. latest report shows that americans are now paying substantially more than they were last summer for the same goods and services. it s worst than economists and investors expected. prices were up 9.1% in june compared to the same month last year. today s numbers notching another 40 year high. the labor department s monthly consumer price index shows food up 10.5% from last year. energy increased more than 40%. gas almost 60%. and hous
russia collusion, ukrainian phone call, alleged hush money payments to stormy daniels. never-trumpers always think they have the former president right where they want him. the aftermath of the mar-a-lago raid, it has been no different. let s about trumpers reaction which has been which is to throw any criticism back in the face of the doj. do you get the sense he feels like the walls are closing in? i think he is very worried. i don t think he ll admit it. i think for the first time things are really i m going to say the walls are closing in. pete: yes, the oft repeated, never realized walls that are closing in. like the knives are out. it isn t just the resistance folks playing into this. but also biden s doj. in last night s close to midnight filing in response to his request for an independent special master to determine what would actually be applicable, they went out of their way to provide even more fodder for the chattering class and the damning language in le