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and somewhat confusing u.s. economy. new data shows the economy shrank 0.6% in the second quarter, said another way that shrinking slightly less than first thought. the u.s. also is seeing a decrease in the number of people filing for new unemployment benefits, said another way, the labor market is still strong. this comes as americans try to understand what president biden s student loan debt plan what it means for them and their families, even as some members of his own party say it misses the mark. republicans are unified in saying they don t think it is fair, and some economists say that it could fuel inflation. there is a lot to get to. let s begin with cnn s matt egan on this new economic data. what do you see in all this, matt? the economy s spring slump wasn t as bad as feared. second quarter gdp was just revised up by the government, in part because americans spent more money than originally reported. the bad news is that despite this upgrade, the economy still shr

Joe bidenCalifornia sStudent loan announcementKate bolduanU sUnemployment benefits0 6Democratic partyLabor marketStudent loan debt planInflation w woodsMatt eganSpring slump wasn tBad newsNational bureau of economic researchRule of thumb