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CNN Early Start With Christine Romans and Laura Jarrett July 7, 2024

biden aides and allies have been talking up key parts of the plan including prescription drugs, taxes and energy. lowering prescription drug costs is one piece. we can bring down costs burdening households like description drugs. pharmaceutical prices which will help health care and lowering the rate. long overdue tax reform. the parks repeal, not the full repeal, but the partial repeal of the trump tax cuts which would take some demand out of the economy. lowering utility costs by providing tax incensetives. the way in which we can assure reasonable energy expenses for households is to move to renewables to address climate change. freeing up fossil fuels in various ways in the short run, and making, with government support, the ultimate pivot to renewables. joining us now from washington, d.c., cnn white house correspondent john harwood. john, happy monday. good to see you here. it looks like a new coat of paint perhaps on some key elements of build b ....

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CNN Early Start With Christine Romans and Laura Jarrett June 4, 2024 09:48:00

Era. reporter: this paired with the high interest rates making it difficult for byers. we don t see prices decreasing much, and even if they do, just keep in mind the interest rates are rising. so the cost of borrowing money is going up, so that just means you re still going to be paying as much or nearly as much as you were even if those prices go down. reporter: car, home and student loans all higher. interest rates on a 30-year fixed mortgage from jumped from 2.93 to 5.78% in the last year. this is how it looks. reporter: he wishes his interests would have been lower, but says it was his need and want that motivated his new car purchase. camilla bernal, cnn, los angeles. you know, the car purchase issue is really something because people, it used to be you could get the car you wanted. now you can t really find sometimes the car that you want. a lot of people who leased in this category, leased a car like ....

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