borrower. it s a game-changer. we re also fixing what is called this has been the bane driving me crazy when i was out of office. this program forgives student loans to encourage students with loans if they go into public service. think of the millions that are. public school teachers. local police officers, workers at local charities, members of the military and national guard. think of the folks that work for federal, state, local governments, responding to national disasters. all of the firefighters and cops. the program is designed so that if you serve in one of these jobs you ll be able to actively assist whether you do and make your loan payments for ten years even if it s not consecutive years. your remaining balance will be completely forgiven. it s a great idea, but the program is a mess. it s so inefficient and complicated. too many people give up. think of a service member, deferring their student loan payment while they re deployed. the system is so restricted t
as parts of europe face a drought, the first in a series of hosepipe bans is due to come into force across the south of england to try and tackle water shortages. the american conspiracy theorist alexjones has been ordered to pay more than $4 million in damages after losing a defamation case for falsely claiming the sandy hook shooting was a hoax. hello, and welcome if you re watching in the uk or around the world. in the uk, the governor of the bank of england has defended the decision to raise interest rates, saying there s a real risk of soaring prices becoming embedded . yesterday, the bank warned of a recession as it raised interest rates by the largest amount in 27 years. the uk economy is forecast to shrink in the last three months of this year, as the bank predicts a recession that will last well into next year. the bank says that sharp increases in energy prices will push inflation to more than 13% a 42 year high and that the value of people s incomes is falli
how washington is working on a plan b to the agreement between russia and ukraine, we will take you live visit to ukraine, london, and nairobi. the fbi raises a red flag over chinese telecommunications equipment on u.s. shores. cnn has an exclusive report. we begin with the scorching temperatures across the northern hemisphere as heat waves blanket china, europe and the u.s. in california, a wildfire raging has burned through more than 15,000 acres, hundreds of firefighters are working to battle the blaze, and thousands of people have been forced to flee their homes to escape the fast-moving fire. in europe the blistering heat is helping fuel wildfires in some areas. this was the scene increase as crews battled the fire there. one of several wildfires raging across the country right now, we are seeing scorching heat across much of china. we are standing by in beijing with those details, let s go to nina dos santos outside of london. at these wildfires continue to be a pro
temperatures, hitting record highs across the country, at the same time they are trying to battle this. plus, troubling signs for the u.s. economy. second quarter gdp, how much the economy grew and it s expected to shrink as president biden faces several economic challenges. inflation, continued supply chain issues, gas prices high but coming down. all of this overshadowing a 3.6%, very low unemployment rate. several key economic indicators expected this week. we ll talk about what s ahead. and republican congressman and january 6th committee vice chair liz cheney says a subpoena for ginni thomas, the wife of supreme court justice clarence thomas, is not off the table. anxiety is growing among republicans over the committee s revelations about former president trump and many in the party are now encouraging other republicans to jump in the 2024 race for the white house. let s begin with the wildfire in california. our national correspondent camilla is at the scene of the fi
also, this is a critical week for the economy. we are expecting a deluge of economic data to drop almost every day. it will hopefully provide insight to the millions of americans getting pummelled by 40-year high inflation. some analysts believe the u.s. is hurdling into a recession but the white house is hammering the message that the economy is resilient. we ll get a better sense of how the public is feeling tomorrow when consumer confidence numbers come out. then it s the federal reserve s turn. it meets wednesday and will likely hike interest rates again to try to tame surging prices on everything from eggs to beef, to everything, rent as well. thursday gdp second quarter results are due. cnn s matt egan and rahel solomon are here with us. all of this economic data is going to be coming this week. what is most important? this is shaping up to be a pivotal week for the economy. politico dubbed it a category 5 storm of economic news coming and it could help the big