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east coast. we are expecting president biden to address the supreme court 6-3 ruling blocking his student loan handout plan. that ruling already reigniting calls from the left to change the highest court in the nation, shannon bream will join us on that. welcome back as america reports heads into a second hour, i m sandra smith in new york. mike, great to have you here today. mike: sandra, great to be working with you. i m in for john roberts. the president s plan would have wiped out up to $20,000 in loans per person, but a lawsuit from six states and two individuals said the president does not have that authority and the court s majority agreed. that leaves about 40 million americans in limbo. one student loan borrower disappointed with the decision weighed in last hour addressing why he thinks the plan was fair. as someone who graduates in 2024, i m expecting to enter a very competitive job market looking for an entry level position. that s ultimately not going ....
insights with us. thank you so much. that does it for me. thank you for watching. ali will be back here next saturday and sunday morning from 10 am to noon eastern. stay right where you are. inside jen psaki begins right now. well it s been a pretty demoralizing week. three major supreme court decisions with far-reaching consequences. one effectively scrapping affirmative action programs. one invalidating president biden s student loan debt relief plan. one clearing the way for businesses to refuse service to lgbtq+ americans. i ll talk about that, and how democrats should be fighting back, and the politics of pennsylvania with the state s governor, josh shapiro, who s coming up first. plus, law professor and former clerk to judge sonia studio more, is joining me to talk about the impact of the supreme court decisions. we talk about the uncertainty facing many college students graduates, education secretary, miguel cardona, we ll talk about the and she is the first ....
of 3.3% in the last three months of 2023 much stronger than expected. that s raised hopes that the us federal reserve might have achieved a soft landing getting inflation under control by raising borrowing costs without crashing the economy. the strong economic numbers helped stoke an ongoing rally on us stock markets. both the dowjones industrial average and s&p 500 closed at new record highs on thursday. and traders weren t the only ones celebrating. the gdp figures have been seized upon by president biden, who is battling for re election. he s been suffering poor approval ratings for his handling of the economy, as american households feel the impact of higher prices on their finances. from new york, here s michelle fleury. for an economy many said was headed for recession, the us continues to defy expectations. in the final three months of last year, the american economy grew faster than expected, expanding at an annual rate of 3.3% while inflation fell. growth ....
neil: demand all they want. the supreme court has ruled against the president s loan forgiveness program. a lot of folks not happy about that. there s options to make the payments more affordable or come up with some other solution. we re expecting to hear from the president of the united states on that. welcome. i m neil cavuto. shannon bream has had a busy day. tell us what s going down. let s talk about the student debt relief program that the supreme court 6-3 said cannot move forward. the chief justice had this to say. that s what the court found here. they said essentially they re waiving away $430 billion in executive loans. dissenting justice kagan said the statute does give the secretary broad authority to relieve a national emergency s effect on borrower s ability to relieve. the secretary did that. clearly the two sides saw this differently. the bottom line strawberry that program, which the president had expressed it being illegal, the speaker of the h ....
molly: president biden is offering up some new year s optimism. and he climbs we are now in the best position to lead the world. the president left out a few important details. namely the ongoing crisis at our southern border, the wave of crime that is sweeping through big cities and a lagging economic agenda. welcome to a special edition of fox news live. i m molly line. mike: i m mike emanuel. president biden s economic agenda has been a key talking point during his reelection campaign. lingering inflation and high costs have kept his message from resonating with american voters. the president into the economy during his new year s message last night. buys my hope is that everyone has a healthy, happy, and safe new year. i hope they understand that we are in a better position than any country in the world. and we are coming back and it is about time. people are in a position to make a living now and they have created a lot of jobs. and i guess i just feel good t ....