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Transcripts For FOXNEWS America Reports 20240707

midterm elections. in a hail mary, biden administration appears to be banking on the youth vote, i m john roberts in washington. you are all warmed up. sandra: and a lot more to dig into there, great to be with you. sandra smith in new york. this is america reports. biden administration is now just moments away from announcing that it is cancelling $5.8 billion in loans for borrowers who attended a for profit college. now middle class americans are left picking up the tab as experts warn a recession is just around the corner. it s the largest student loan cancellation in u.s. history as 560,000 borrowers are now off the hook. john: but could that just be a sweetener? the move comes a day after biden admitted gas and food prices are not going to come down soon. gas prices a new record high, up more than $0.50 in the past month. and new disappointing private sector job data out shows businesses are struggling to hire workers. sandra: it is a big problem and worse. south

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Transcripts For FOXNEWS The Story With Martha MacCallum 20240707

deemphasized. brian deese will be elevated. he will join us in a few moments. we ll ask him what that means and what s going on there. the biden white house takes incoming from those usually on the president s side. listen to this. when inflation is above 4 and unemployment is below 4, you re almost certain to have a recession in the next two years. going to the fall election with inflation running at 5 or 6% with gas prices just as high as today, could be higher, that is not a great recipe for electoral success. so nose are some former obama-biden officials speaking about what they see coming, recessionary pressures. here s some folks in leesburg, virginia, a state that president biden won by ten points. everything is sky high. i usele to fill my tank for $50. now it s $80. since the new administration has come into play, our sales have come down dramatically. it s not attributable to the democrats or the republicans. i a biproduct of the ukrainian war. their a

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