fox news is gearing up for the first republic and presidential primary debate over new reaction from both sides of the aisle to fbi released lays out the allegations of a bite in a bribery scheme. the details is yet unverified the document in question alleges hunter biden and his father coerced the ceo of burisma to pay them millions of dollars in an effort to get a ukrainian prosecutor who was investigating the company fired. lucas tomlinson live at the white house with more precooked straw on the fbi documents of the bidens received $10 million according to the informant on sunday morning futures. republican chairman of house judiciary committee asked the question many americans are asking. where did the bidens get all this money for mandy first came to washington as a senator went richard nixon was president? he is no never worked in the
jon: changes are coming some retirement deductions next to the could be a major hit on tap for many of americans. foxbusiness gerry willis has that story. millions of americans are set to take a hit when changes to a much use retirement deduction kicks in next year. right now it workers over the age of 50 are able to make catch-up contributions to their 4o the 401(k) worth up to $7500 each year. the annual cap on all contributions, 30,000 dollars. but because of new rules congress passed beginning next year, people earning more than $145,000 will no longer be able to put those payments into a traditional 401(k). instead the money will be funneled into a roth ira. that means workers catch up contributions fully made with after-tax dollars rather than
the way the president s handlins handling it. given the way the economy essentially flattened out during covid, you can expect to some economic growth, some rebounding really was absolutely going to take place for. the economy was shut down. so inviting opened it up again when covid passed at rebounder, everyone was expecting that. he cannot take credit for that but he went and turned around and spent $2 trillion on the stimulus programs that were not needed. that progressive economiststhe s warned him were irresponsible. and we turn around get 38% increase in the money supply and a huge jump in inflation. americans go to the grocery store, they buy cars and whatnot. they see this inflation. so as i said before benefits a few people. over the first nine quarters joe biden was president, inflation outran wages in the seven of those quarters.
charge. jon: joe biden did essentially brag about the firing of the prosecutor, right question report 2019 right here in washington he said we won t say it on a family friendly station but the s ob fired. lucas thompson reporting from washington, thank you. investing in america. investing in americans. because when you invest in our people, we strengthen the middle class. were holding up the middle class work because of democrat policies driving up inflation. we are seeing this investments really flourish across the country. i like where we are unlike the momentum we have in bidenomics is going to keep these trends going in the right direction. i cannot find a single program out of all of those billions of dollars that have been printed much of it not spent yet that was initiated
in the eighth it was flat, it was zero. only one quarter did americans make gains. americans have become purse consistently and consistently worse off under the stewardship of joe biden. he cannot get around those numbers precooked federal reserve is about to announce wittheswing to hike interest ras again. then his former chairman says he predicts it will raise interest rates are you making a prediction peter? my forecast and to the polls they re going to raise interest rates are quarter-point. they paused there showing a lot of hesitancy going forward. they have not done nearly as much to flatten inflation as paul volcker did when we had these numbers in the late 70s and early 80s. the reason for that is joe biden has appointed where he has the opportunity a lot of people take their marching orders from the west wing not from the principles of good economics. from the university of chicago is basically said that inflation