Beth Acres News Today

now, john. >> all right. important update there, chad. thank you very much. a sudden departure this morning by a key figure in the january 6th investigation. tony ornato, the sis tachbt director of the secret service left the agency on monday. it comes two months after his name came up in explosive testimony by former white house aide cassidy hutchinson. she said ornato told her then president trump was furious with his security detail for refusing to take him to the capitol on janua...

See up to $20,000 in debt forgiven. the plan also extends the pause on student loan payments until 2023. so is this going to help, or is it going to hurt the economy? lets talk about it with senior fellow at the american enterprise institute, beth acres and former section chief at the federal reserve and claudia saum. does this help or hurt the economy? >> this will hurt the economy in a minor way. a lot of people are upset because of the inflationary impact. to be honest, the inflation impact w...

Raise prices year after year after year and parents and students are willing to pay whatever price it is to get there. weve got to take pressure off demand for college if we want institutions to start stepping up and saying, all right, im going to charge you a price thats in line with what it is that im going to deliver. >> claudia and beth, thank you so much for this very important conversation. we appreciate it. chris rock says the oscars have asked him to host again just months after the wi...

College affordability. again, we have to start with the first problem. these degrees are not paying off. we have millions of students in default, and we keep working backwards. like, this is not about making college affordable. this is about addressing a problem that has happened because college is not affordable, and it hasnt been paying off. >> beth. >> the best evidence that we have today tells us that investments in higher education pay huge dividends. the new york federal reserve bank has a...

The u.s. economy or fighting inflation next year. before we went into the pandemic, one in ten borrowers were in default. thats a problem for those people now, and it is also a problem going forward. but again, growth and fighting inflation is never what this program was really focused as a problem to solve. >> beth, what do you say to that? >> yeah. thats right. -- several months ago in the economic downturn from covid. people saying lets cancel these student loans. that will be a stimulative e...

Stepping in saying we need safety nets for borrowers because sometimes you borrow. you do what youre supposed to do, you get that degree but it doesnt pay off. we should have fixed those systems. in fact, we already had them in place. they needed work. they werent working that well, but my feeling is the motivation for the stuff that was taken was not at all in policy, not at all to help people truly struggling but rather entirely politically motivated. >> what do you do, beth, to tamp down thos...

Doing phenomenally well. but a lot of people. >> president trump is campaigning on the economy and says his economic policies will mean sustained growth in the years ahead. its an issue thats likely to be top of mind for voters going into next november. leland: james carvell said in 1992, its the economy, stupid. allysia: here to talk more about the economic outlook, former staff economist under george w. bush, beth acres, coining us from the state of youd you tau. thank you -- utah. thank you f...

And thats reflected in the fact theyre showing a lot of confidence in the polls rights now. i think voters are going to have to say quite frankly that this is a strong economy that were in and thats something that is in favor of president trump as he goes into the 2020 election cycle. allysia: we do have a softening global economy that well be facing in 2020. how much of an impact do you think well feel at home? >> its definitely a concern, something that jerome powell has mentioned when discuss...

For a rate cut, et cetera, especially at the beginning of his administration every tweet you could sort of peg to a different change in the dow, especially during trading hours. now it seems as though theres been a divergence. >> yeah. so the funny thing about the stock market is that it doesnt respond to positive or negative news in a positive or negative way. what it responds to are things that are surprising. i think weve all come to be sort of used to the president tweeting on these sort of ...

And how much better it will get if he gets a second term. former white house staff economist, council of economic advisors for the george w bush administration, beth acres joining us now. always appreciate it. looks like the presidents going to get his wish this week, quarter point drop in the fed rate. for a president who keeps saying the economy is so good, give me another term, thats got be a big gift. >> yeah, definitely. so whether or not this rate cut is really needed is a bit up for debat...