40 million americans. the high court ruled the biden administration s bailout amounted to executive overreach. the president now promising to use other means to grant student borrowers some relief as he tries to deliver on a key policy priority. meanwhile, former president trump applauded the supreme court decision while speaking at a rally in south carolina just earlier today. the supreme court also ruled that president biden is not allowed to wipe out hundreds of billions, probably trillions of dollars of student loan debt which have been very unfair to the millions and millions of people who have paid their debt. alexandria half is live at the white house with more. hi, brian. starting to see the beginnings of these rulings. they will play out on the campaign trail. four president biden pushing the need for a revised plan he has to reduce the student loan burden. four someone like former president trump, today he pointed out that under her head as ministration three
time now to get down to business. let s start here in the uk where prime minister liz truss has been announcing her new cabinet. she has been busy into the late hours. she s decided to give kwasi kwarteng the second most powerful role in downing street after appointing him as new chancellor of the exchequer. mr kwarteng has a tough job on his hands and takes over at a critical time for the uk economy with millions looking to him for help with soaring winter energy bills. so, what about the man himself? he attended the exclusive private school eton college and went on to graduate with a double first from cambridge university in classics and history. kwarteng then went on to work as a columnist for the daily telegraph and a financial analyst at banks, includingjp morgan. more recently, he was appointed as business secretary in 2021, replacing alok sharma in the borisjohnson government. that is a short synopsis. joining me now is fiona cincotta from city index. nice to see you.
The former bond king, Bill Gross, says 10-year Treasury is overvalued The former bond king doesn t like the fixed-income security that s the lynchpin of the financial world.
ESG Funds.
an inflation rate that is undeniable. people are paying more for what they have to buy on a daily basis. it is possible that inflation will be with us for another year or two. the fed is expecting that. expectations from fed comments last week as we will see more rate increases as a result of the efforts to bring inflation down. that means that your mortgage rates may go up as well. there are two narratives spirit they will both inform the election season upcoming. look, you know, it was not just the pandemic, it was largely the pandemic that led to inflation because. the arabic led to all sorts of shortages. stimulus policies and spending to try to lift the economy out of the pandemic. there is debate now, how much of that has contributed to inflation as well.