taxpayers and disproportionately benefit the wealthy. in recent days, there has been considerable bipartisan pushback to the plan. that is now going forward as the country faces record high up beflation. president biden today claiming the plan will have no meaningful affect on inflation but his critics, including some former obama administration officials remain unconvinced. white house correspondent peter doocy starts us off tonight live from the north lawn. good evening, peter. good evening, bret. white house officials say they have no idea how much this plan is actually going to cost because they think there are plenty of eligible student loan debt holders who are going to choose not to go online and tell the government that they want to cancel up to $10,000 in that debt. now it s time to address the burden of student debt. the president s announcement benefits 43 million borrowers including 20 million who will see their student debt totally canceled up to 10,000 in
questions if both were too slow to act. as mentioned, another tough day on wall street. the dow lost 237. the s&p 500 fell 23. the nasdaq dropped 30. today another new high for gasoline prices with the national average reaching $4.59 per gallon. the rising rates forcing some to cancel vacation plans this summer. we will address these issues and more with senate minority leader membership mcconnell in just a few moments. first, fox business correspondent grady trimble is in chicago where gas prices are soaring. good evening, grady. good evening, bret. on wall street, it wasn t as bad as yesterday but all three of the major indexes are down big this week. the nasdaq getting hit the hardest. dropping more than 3.5%. investors are worried rising costs and falling consumer demand are eating into company s bottom lines especially after disappointing earnings from two of the country s largest retailers. retailers are also concerned about the rising fuel costs which could in turn i
evening. i m bret baier. we re coming to you tonight from fox news world headquarters in new york. and breaking tonight, you have heard it all day. we are three hours from the start of what figures to be the most important event of the 2024 presidential campaign so far. president biden will face former president trump in the debate in atlanta. tonight both camps are setting exceptions, and getting in some preevent spin. meanwhile, there is still no decision from the u.s. supreme court on the former president s claim of immunity from prosecution. however, they have come down with some important decisions. we will get an update from shannon bream on that in a minute. we have fox team conch tonight. fox news chief legal correspondent, anchor of fox news sunday shannon bream with the latest from court. aishah hasnie atlanta new rules on the debate how they may impact what we see and hear tonight. we begin with peter doocy live on the north lawn of the white house with something
watching. like never before the tsa is rolling out new facial recognize software to replace, you know, photo id i don t know but that sounds out of china surveillance state and with government abuse a lot can go wrong and not willing to take that chance and fox news contributor former analyst. bret a lot for your time. you know bret what concerns me about u.s. government implementing this is this stuff has to be stored somewhere and showed no irs leaks opm leaks at all to secure information no less facial recognition. xeangt. so much for protect our freedoms i guess here dan. this is the beginning of my fear we re going to turn into same surveillance china has become and it is incredibly dangerous and china began using artificial intelligence systems to build a social control where their security services now can just patrol across multiple digital
bringing some more freedom connecting more citizens. but in china so far all of that a.i. has done is brought more control. yeah bret just a quick response as i m running out of time but tsa is screwed up like with the fbi. you know the don t fly list i mean so the potential for a, you know, confusion here with the technology is pretty vast. just a quick thought on that. think about the security implication claims it is encrypted to reduce hacking risk and any time big data is stolen we can change our credit cards and we can change our licenses. but you only get one face dan, and if you remember in 2019 the department of homelands security disclose that photo of treaferls they were taken in data breach which was access through next of one of its sub contractors that was storing this facial recognition data so we haven t explored full ethics of all of this we re pushing boundaries of that right now. i hope that tsa know what is they re doing with this data and no misuse involved.