beliefs. another day of decisions split 6-3 showing deep divisions at the nation s highest court in an opinion by chief justice john roberts the majority struck down the biden administration s plan to wipe out $430 billion until student loan debt. quote, we hold today that the act allows the education secretary to wave or modify existing statutory or regulatory provisions applicable to financial assistance programs under the education act. not to rewrite that statute from the ground up. the dissenters led by justice kagan argued the secretary did have that power. quote the statute read as written gives the secretary broad authority to relieve a national emergency s effect on borrowers abilities to repay their student loans. president biden who has repeatedly vowed to wipe out student loan debt while conceding he may not have authority blasted the court and promised to find other ways to benefit borrowers. i think the court misinterpreted the constitution. in today s oth
the majority in 2023, various leaders of the house and its committees have discardd the established protocols of congress rules of conduct and even the law in what can only be called an obsession with attacking the biden family. meanwhile smith s office calls the letter misleading and vows to continue the investigation. shannon. all right, david, we will rely on you to keep us updated. thanks so much. you bet. stocks were up, the dow gained 285, the s&p 500 finished ahead 54, nasdaq jumped 19. for the week the dow gained two percentage points ts&p 500 was up 2 1/3, nasdaq rose 2.5. apple now the first publicly traded company to close a trading day with a $3 trillion market value. apple shares finished up 2.3% to just under $194 bringing its market value to
affect the u.s. economic recovery with higher prices. more compensations cost for costa cruises. the costa allegra ship are offered full reimbursement. first off though, greece has made a lot of sacrifices to try and secure its second big bailout from the eu and the imf. unfortunately though, it seems as though it still hasn t made enough. eurozone members holding a meeting in brussels decided to withhold more than half of the $175 billion that athens so badly needs to stay afloat. that s the portion due to go straight into the government bank. while greece struggles, another aspect has been sealed. the finance ministers have approved the funds required to safeguard a $274 billion debt swap for greece s private creditors. they have lost more than 70% of their value on their bonds in real terms. early this week what we saw with standard and poors becoming the first of the big credit rating agencies to define in as a default. with them tasked with deciding whether default i
shares of mcdonald s rose 2.5% leading the dow. the fast-food giant said global sales rose more than 5% in january thanks to new breakfast items in the u.s. and continued strength in europe. but mcdonald s says price hikes are coming as commodity costs are going up. rising food costs are affecting the entire food production industry. sara lee announced the new round of price increases on the food and coffee products tuesday. sara lee in the process of splitting into two separate companies said higher costs cut into profits last quarter. jm smuckers announced higher prices. raising the cost of products by 10%, on top of a 13% increase from last year. foods stays in focus wednesday with coca-cola set to report the quarterly results. wall street will also keep an eye on washington where federal reserve chairman ben bernanke is scheduled to testify before a