federal loan payments. none of them have to pay any of these loans back until january of 2023. president claiming that this targeted approach will actually have a positive effect, he says, on lowering inflation. but tax experts and republicans think that those numbers do not add up. this is senator tom cotton. watch this. the president doesn t have the power just to unilaterally on his own eliminate entire categories of de. of all the dumb things joe biden has done this is the dumbest yet. a terrible policy that will harm many more americans that it will help. a former obama economic advisor pushing back as well pouring roughly half a trillion of gasoline on the inflationary fire that is already burning is reckless, says jason fuhrman who was with the obama/biden administration and thinks it is a very bad move. jacqui heinrich joins us now live with more. good morning, martha. it is not just the press secretary refusing to admit that taxpayers are footing the bill for t
higher. it s nuts as a parent with three kids that went to college. government updating numbers on a key indicator of economic groefmgt it shows the economy shrank at .6% annual rate. slightly better than the original estimate, 9/10% but style negative back-to-back quarters of gdp contract shurntion which is a recession. and the new survey shows a huge concern for americans now preparing for this extended downturn potentially. what do you make of this adjustment on the number? a slight adjustment but depends i say it tongue in cheek how you define recession. the white house doesn t like two consecutive quarters of negative growth but that has been what indicates we ll see head winds going forward.