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FOXNEWS America Reports June 4, 2024 18:01:00

Will actually benefit the most while making inflation even worse. john: and then senator tom cotton, he says the move is nothing more than a shameless bribe. he ll be with us in just a moment. but we begin with fox team coverage at the white house starting with jacqui heinrich. what are we expecting to hear from the president? jacqui: they have made a claim a short while ago on a background call that this will potentially be neutral or deinflationary, to counter critics say it s going to exacerbate inflation and increase the national debt. that official said because 45 million borrowers have the student loan payments paused right now, joint impact could be neutral or deinflationary, we have not seen the math to back that up yet, but it is not what non-partisan committees like the ....

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FOXNEWS America Reports June 4, 2024 17:36:00

Direction, every day we debate how much more inflation and then after that how bad recession will be. we are looking at the evil 1-2 punch of economic misery and all authored by a white house that keeps lavishing all these amazing financial benefits on the most successful people in america, the folks on the golden path to enjoying every, all the benefits this country offers. i say congratulations to them, but why should they keep getting the taxpayer money from a cab driver or someone who could not go to college but maybe started a business. why the separation, and it s a new cast system. it is a new cast system. i m telling you, it is this is the greatest form of elitism i ve ever seen. i ve never seen a president this boldly say i m going to put one group of americans above everyone else, and by the way, everything president biden has done has lined the pockets, child tax credits for folks making 300,000, solar panels, e.v., the numbers go on and on, ....

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FOXNEWS America Reports June 4, 2024 18:12:00

Senator. john geramundi, a supporter of president biden s plans he is about to announce and he defended the move earlier, listen. it s not an inflation issue, although everybody wants to holler about inflation. this is really an opportunity for these people that will receive these benefits to be able to get their act together. they are delaying their marriage, delaying the opportunities as they try to pay off this debt. this gives them a necessary break. sandra: your reaction to that, senator. well, obviously it s inflationary if you spend $300 billion or more at a time when we have record high inflation. and contributes to inflation in college tuition. one of the most inflationary sectors, going to college, saving to put a kid through college. and what john says people getting their act together, these are people who took out loans, did so willingly and ....

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FOXNEWS America Reports June 4, 2024 17:04:00

Else s obligations. you may not be happy about that. peter: she also said last summer a president does not have the ability to do this. something like this would require an act of congress. so, speaker pelosi has really changed her tune. john. john: a lot of thought this might end up in the supreme court. peter doocy, ahead of the announcement on the white house. thank you. sandra. sandra: let s bring in democratic congressman from california, do you support the move by the president? he s about to announce it an hour from now. i do, i think it s the right thing to do. there s no doubt about it, that low and middle income students have really been squeezed trying to pay off student debt through the pandemic, they have been waived, the interest as well as the pavements. and now it s time to move forward. one thing that has not been mentioned, some of this debt can be given when students go into ....

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FOXNEWS America Reports June 4, 2024 18:26:00

The people who went to college make more money than people who didn t. steve, you just supported trillions of dollars during the pandemic for people hurt versus people who weren t being hurt in hotels and airlines and all the things. the government steps in. i was not in favor of that. steps in all the time. you were in favor of the trump recovery act. bail out everybody, everything will be free. steve, you were in favor of that touting the recovery act during the trump administration. i was never in favor of the bailout. sandra: we thank you for joining us heading up to the president s announcement, he is expected to make the announcement at 2:15 eastern time. a live look at the white house. as soon as we are told the president is coming out to deliver the message we will go to the white house live, a bit delayed for now. steve, robert, thank you both for joining us. john: didn t mean to start a fight, guys. fbi is looking into a ....

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