president of the united states could do to help close the gap. whymoratorium, he s only extending to august. good policy is good politics. one of the things you hear the most about is student loan debt from younger voters that are discouraged and don t want to vote for democrats. this is an issue to them. why not extend it and do the $50,000? what is the political argue the argument? i m not going to try to take the other side of this argument because i really just don t believe it. the bottom line is it s a way to help close the racial wealth gap. it s a way to help close the gender gap. women, now carry two-thirds of all student loan debt and by the way, black women are the single biggest they are carrying the biggest debt load of any group. so keep that one in mind. it s an equality opportunity but here is the thing, even if you
covid pandemic, or maybe it s an epidemic now, but it s still with us. but inflation is still the skunk at the garden party. how much longer will it be that? it s going to be here for a little while, i think, david. and it s not simply the result of monetary policy. we ve moved beyond that. just as lauren described, companies are announcing price increases not so much now because they need to, but because they can. if one of their competitors does it [inaudible] inflation will come under control, but pricing levels are higher even if the growth rate starts to come down. david:, and, steve, the president says spending many more money, yet we just had news we re now up to $30 trillion in terms of our debt load in the united states. can we afford to do that, and will it work, spending more to lower inflation? well, first, that was a blockbuster jobs report yesterday with those half
Philippine Airlines Inc. won court approval for its reorganisation plan, paving the way for the carrier to exit bankruptcy, cut $2 billion in debt and revive its fortunes after a slump in international travel due to the pandemic.
people, what they re struggling, they don t realize every little thing they do impacts he every day americans. it s a tax. steve: there are makers and takers. one of the makers awarded time person of the year this year that we elon musk the guy with tesla and spacex and all those other things senator elizabeth warren sent out-saw the time magazine announcing him and sent out a tweet and said let s change the rigged tax code so the person of the year will pay taxes and stop free loading off of everybody else. hillary vaughn our correspondent on capitol hill talked to the senator shortly thereafter and she had this to say. how high do you think the debt needs to get before it is time to cut government spending or freeze any new government spending? uh, i think you look at this the wrong way. when we have a growing debt load, it s because the revenues