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Student loan safety net. Under the plan which was first announced an august, federal loan borrowers would see a long lower monthly payment, have an easier path to forgiveness and unpaid interest would not be added to a borrowers loan balance. The plan would also reduce payments to zero dollars for borrowers who make less than 30,000 a year. And right now, there are about 8. 5 million federal Student Loan Borrowers already enrolled in a number of repayment plants. This proposal is a path towards a single simplified option. But, it is still unclear when the new plan will be up and running. It has to go through a 30day Public Comment period, and the administration will consider feedback before the plan is finalized. This is all taken shape as Biden Student loan D ....
[national anthem] finish if. [national anthem] [background sounds] if oh, they re actually arriving right now. rachel: good morning, everybody. we are live from the cay tone that 500 daytona 500. it has been can i just comment a little bit on the star spangled banner that we just listened to? there was a lot of cuteness in that pete: yeah, there was. little kid in a big chair, that s my favorite one. rachel: for sure. what an exciting event we have been at this entire weekend. i m just going to say this, guys, i m going to say good morning and also what happens in daytona stays in day own that. that s all i m going to the i say about last night. [laughter] pete: what else are you saying? will: we re going to tell them, because they re part of our family. we had a good time, went to dinner, the three of us togethe- rachel: joey with us. pete: we went to dinner, tied a few on. had some good steak. that bill was really high will: tha ....
continues to grow, house republicans refused of office. then, are worse that the week, we re putting the two craziest conspiracy theories against each other to see which gop controversy is truly more outrageous. i am ayman mohyeldin, let s get started. started. we begin this hour with breaking news. today, we learn more classified materials have been found in president biden s delaware residents, white house lawyer richard sober uncovered these documents on thursday. in a box that was initially discovered by the presidents personal lawyer s the day before. bringing the total number of batches of records found 23. now from breaking route news, we want to go to some backroom deals. his exchange for that coveted gavel newly elected speaker of the house kevin mccarthy similarly made a deal with the devil. but will the american people ever find out the details? the beginning of the week, mccarthy managed to get his caucus in line and narrowly passed a rules package for the ....
student loan safety net. under the plan which was first announced an august, federal loan borrowers would see a long lower monthly payment, have an easier path to forgiveness and unpaid interest would not be added to a borrowers loan balance. the plan would also reduce payments to zero dollars for borrowers who make less than $30,000 a year. and right now, there are about 8. 5 million federal student loan borrowers already enrolled in a number of repayment plants. this proposal is a path towards a single simplified option. but, it is still unclear when the new plan will be up and running. it has to go through a 30-day public comment period, and the administration will consider feedback before the plan is finalized. this is all taken shape as biden student loan debt cancellation plan remains stalled, awaiting the supreme court decision. moral arguments for their case are slated for the end of her. coming up on the second hour of ayman, some backroom deals, with the kevin ....
reported, get this, a stunning 52% drop in first quarter profits, that was just a day after shares in the nation s largest retailer walmart had their worst day in 35 years. what is going on here? they have their fingers on the pulse of the american consumer and they say inflation was the problem, their customers are sticking to the basics when they come in, leaving with fewer items in their shopping carts. those purchasing decisions being driven by sticker shock of course. basics are getting much more expensive, gas up 44% the last year, car, food and shelter also way up. americans are also making more money. wages rising in this tight labor market, but that is also feeding into worries about inflation because of wages. and because of rising prices, people don t feel secure so they are cutting back and that is shaking market confidence. right now stock index futures are leaning lower. asia closed mixed overnight. looks like except for china all down here. let s bring in ....