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CNNW CNN July 3, 2024

Chaos on capitol hill. As republican hardliners get their wish. Kevin mccarthy losing his gavel. Now the house is without a speaker amid a slew of contentious issues including another potential government shutdown. Plus donald trump back in court, this time under a new gag order. But he is still attacking prosecutors as his former accountant gets grilled on the witness stand. We are live at the courthouse. And a historic new strike. Thousands of Health Care Workers walking off the job. What theyre asking for and what it means for patients. We are following these major developing stories and many more, all coming in right here to Cnn News Central. Divided and searching for a new speaker. Right now on capitol hill the race to replace Kevin Mccarthy is heating up. This Morning Judiciary chairman jim jordan became the first to throw his hat into the ring, publicly announcing he will run for the speakership. And republican sources tell us there are currently at least two others considering running. Majority leader Steve Scalise and oklahomas kevin hearn. Right now candidates are vying for support behind closed doors. And theyll make their case before the full conference a the Republican Forum next tuesday with a full house vote for speaker expected by wednesday. Lets take you now live to capitol hill and cnns lauren fox, who joins us live. So lauren, while jim jordan jockeys for support, hes downplaying concerns that he may be too far to the right to win over the moderates in his conference. Reporter yeah, the maneuvering well under way, boris. And one thing that became very clear as some of these potential candidates and jim jordan, an official candidate can, spoke with members of the texas delegation is that this race for speaker is very much alive right now as many republicans are hoping and arguing that it is important for the republican conference to unite quickly. That in fact was the message from jim jordan. But he is already warning that on some issues he is still going to be fighting for conservatives. Here he is on the issue of ukraine funding. What about ukraine . Are you willing to move forward with an aid package for ukraine if youre speaker . Im against that. What i understand is at some point were going to have to deal with this Appropriation Process in the right way and were going to try to do that in the next what are we down to . 41 days. The most pressing issue on menz minds is not ukraine. It is the bod yes situation and it is crime on the streets. Reporter there are also a lot of eyes on the number two republican in the house of representatives, Steve Scalise, the majority leader, and whether or not he is going to get in this race. We know hes been gauging support from colleagues. He also spoke with the texas delegation, and our colleague manu raju just spoke with kevin hern and asked him if he is officially throwing his name in the hat to be the next speaker of the house. Kevin hern, the leader of the republican study committee. He said right now hes just looking at this, that no, he is not officially a candidate. But obviously its still early. But you want to start making those asks. You want to start making those moves if youre really serious about trying to get this top job in the house. Boris . Yeah, a busy week for these potential next speakers before the full vote, potentially as soon as next wednesday. Lauren fox, thank you so much. Pamela . Ill take it from here. I want to talk more about this with republican strategist Alice Stewart and democratic strategist maria cardona. They cohost the podcast hot mics from left to right. So i want to game this out. Alice, would jim jordan, a hard right strong ally of donald trump, have enough votes for moderates to be speaker in your view . Many of the republicans im talking with feel as though he would not. And the reason being look, he is very strong and committed on issues that he fights hard for. Hes fought really hard for this impeachment not against joe biden. Hes fought really hard for reducing government spending. But he has given the fact hes super passionate about some of these issues alienated some of the more Middle Of The Road republicans. Many i speak with say Steve Scalise would actually have a better shot given that he is appealing to more people, he has a biggerer staff, he has more oa ability to you really have to kind of campaign for this. The problem is with him his Health Concerns are a factor with him moving forward but he really has the steam to move forward. People are frustrated. Theyre really frustrated with what matt gaetz did. And that in and of itself may unify people. Theyre frustrated that we have one person that came in after all the work republicans have done to gain the majority, one person bulldozed the entire thing. And we have Manchild Matt Gaetz telling his seven dwarfs hold my beer while i go beat up Kevin Mcfathery because i dont like him. Now its destroyed our chance to talk about the gop agenda, its destroyed our chance to take the fight to biden and his failed policies. And the reality is democrats could now get a less moderate speaker than mccarthy like jim jordan, for example. Do you think democrats are going to come to regret not stepping in to save mccarthy . No. Absolutely not, pam. It was not the democrats job to save the chaotic gop. That is exactly what they were hired to do by the American People. They were hired to govern. But we all knew from the very beginning that that was going to be next to impossible for them to achieve. Mccarthy sold his soul back in january as he went into a corrupt bargain that now was the one who isolated him and essentially delivered his debacle because what he did was he agreed to this ridiculous rule that anybody could come in and, you know, do a motion to vacate to kick him out. And everyone knew it was going to be matt gaetz. Right . We all knew that this day was going to happen as historic and frankly tragic as it is for the whole country. No one is celebrating this. No one on the democratic side is celebrating this. This is horrific. Its embarrassing on the international stage. And it does not do any good for the American People. But it does give democrats a chance to demonstrate how the extremists on the republican side are the ones who are running their part of the party, and it does no good for the American People, and that they then in fact dont deserve to be given the power to governor as the majority. And theres no expectation, right . That these extremists will give up on those demands for the next speaker. And what will happen then . Will republicans all come on board to vote for another Potential Speaker who makes all these concessions in order to become speaker . Well, i can guarantee in the conversations ive had one of the aspects that will not be included in the Horse Trading for the next speaker, they are not going to agree to have one person that can come forward with the motion to vacate. Because they know that they would be in the same situation Kevin Mccarthy has been in ever since he took over the gavel. Someone like matt gaetz running around the capitol with a motion to vacate. Thats just not going to happen. And the irony here is gaetz has been so frustrated with mccarthy for doing what youre supposed to do, work across the aisle, find bipartisan deals, which is what mccarthy did to keep the government open, working with democrats to get a bipartisan deal. Gaetz is frustrated with him for working with democrats. He only got this done because he worked with it democrats to get it done. And so thats the frustration. We need to look at the fact that bipartisanship is not a bad word and we need someone that leads the republicans that can can work with democrats, a, to keep the government open and to work to in my view reduce spending, focus on securing the border as well as providing the necessary aid to ukraine, which is top of mind. But heres another problem with what Kevin Mccarthy did. Yes, matt gaetz was his undoing, but Kevin Mccarthy put himself in that situation. He cant be trusted clearly by either side, right . Thats one of the reasons why democrats did not feel like they had to in any way come to his rescue. He lied. He went back on his word. Back in may he agreed to a deal with the white house, with President Biden and with democrats when we raised the debt ceiling to keep the spending where it was so that there would be no threat of a government shutdown. He lied to the democrats faces. Then he made some other deals with gaetz, and gaetz said that he lied to him. This is somebody who the democrats could not trust. Not just on that. But then we saw on january 6th when he first came out to say donald trump is guilty, donald trump did this and that, you know, for january 6th and he should be held accountable. What does he do three days later . He goes to maralago to kiss the ring. And then he focuses on bringing an impeachment of joe biden based on absolutely no evidence whatsoever. So Kevin Mccarthy built his own dug his own grave, but then the next one whos going to come along, we dont know whether hes going to be able to be trusted or not and i dont know that he, that person is going to be able to walk that line of placating the maga extremists because it is more than matt gaetz, and also making sure that he can deal with the moderates in his party. All right. Maria cardona. Alice stewart. We shall see how this all plays out. Thank you so much. Boris . Any minute now President Biden is set to speak from the white house after announcing another 9 billion in Student Loan Debt relief. Cnns m. J. Lee is live for us at the white house with more. So m. J. , what are we anticipating to hear from President Biden . Well, boris, as you know he have well, Student Loan Debt relief has been a huge focus for this white house. And youre right that the Administration Today announced additional cancellation for some 125,000 borrowers totaling according to the administration some 9 billion, and it really falls into several categories including cancellation for borrowers who are Public Servants, debt relief for folks who have been making their payments for 20 years or more, and then theres another category of cancellation for borrowers who have disabilities. Now, the timing of this announcement is pretty interesting because do keep in mind it was several days ago that a pause on federal Student Loan Payments that had been in place since march of 2020, so really we are talking about the onset of the pandemic, that ended up being lifted. So we are looking at millions of borrowers across the country who havent had to make these payments in a number of years. They are now having to foot the bill and having to make these payments that they havent had to pay for a number of years now. An additional piece of context that is very important too, of course, is that over the summer President Bidens Student Loan Forgiveness Program that was going to offer up to 20,000 in Student Loan Debt relief, that ended up being struck down by the Supreme Court. So we are seeing sort of a continuation of a patchwork of actions that the administration is trying to take to give some relief to people across the country. And according to the administration, so far some 127 billion of loans have been canceled for some 3. 6 Million People and officials here at the white house say they will continue to look for different ways to try to offer more relief. Of course after the summer when the Supreme Court ended up again striking down this program that was a huge priority for this administration. We are anticipating the president s remarks coming soon. Well be watching them. Well bring them to you live. So m. J. Lee at the white house, please stand by. Still plenty more news to come on Cnn News Central including donald trump back in a manhattan courtroom, this time with a gag order in place over his social media posts. But he hasnt stopped posting about the case. So what happens next . Plus, more than 75,000 people have walked off the job in what is now the Largest Health care worker strike in American History. What it could mean for millions of patients across america. Stay with us. Speaking about Student Loan Relief at the white house. Lets listen. Ill remind everyone, we have a lot of work to do and the American People expect us to get it done. The argument we reached was about what comes next. But we had an agreement. We reached an agreement over the weekend. Funds for the government only another 40 days. We cannot and should not again be faced with 11th hour decision, brinksmanship that threatens to shut down the government. And we know what we have to do. And weve got to we have to get it done in a timely fashion. More than anything we need to change the poisonous atmosphere in washington. You know, we have strong disagreements, but we need to stop seeing each other as enemies. We need to talk to one another, listen to one another, work with one another. And we can do that. I join with minority leader Jeffers Jeffries in saying that our republican colleagues remain committed to working in a bipartisan fashion. We are prepared to do it as well. For the good of the American People. Twice in the last six months both houses came together on a bipartisan basis. Once to avoid default, once to keep the government open. And while we should never have been in the situation in the first place im grateful that leaders on both sides came together, including former Speaker Mccarthy, to do the right thing. Now turning to Student Debt Relief. When i ran for president , i vowed to fix our broken Student Loan Program because while a College Degree is still the ticket to a better life, that ticket has become excessively expensive. Americans who are saddled with unsustainable debt in exchange for a College Degree has become the norm. Since my administration has taken significant action to provide Student Debt Relief to as many borrowers as possible as quickly as possible. That starts with making sure the existing system works in the way it was supposed to work for student borrowers. We fixed what was called the Public Service loan forgiveness program, which was designed originally to make sure school teachers, firefighters, Social Workers and other Public Servants can get their Student Loans forgiven if they make ten years of payments and can do ten years of Public Service. By the time i took office that program had been in place for nearly 15 years. But because of red tape only 7,000 borrowers had been helped. Well, today thanks to reforms more than 700,000 borrowers have had their debts forgiven. Just the other day i spoke with tanya and chad, a married couple in their 50s who both work at a Public High School in milwaukee. For years they paid over 800 a month toward their Student Loans. It meant they couldnt pay put away any money for retirement. And this summer thanks to fixes we made to the Debt Relief Program for people in Public Service chad and tanyas remaining balance was forgiven. Tanya said, the amount of relief this gives us is indescribable. Now they can finally start savings for retirement. Next we fixed whats called the incomedriven payment Repayment Program. Heres how that works. If you have an Undergraduate Loan after 20 years of straight paying, not missing paying a debt on a monthly basis, whatevers left in your loan is forgiven after 20 years. But because of administrative failures some people who did pay their loans for 20 years or more did not get the debt relief they had earned. We fixed that. And made sure borrowers got credit for every single payment they made. As a result of these changes today im announcing my administration has approved an additional 9 billion in relief for 125,000 borrowers in just the past few weeks under that program. With the latest Debt Cancellation in total my administration has canceled 127 billion in Student Debts for nearly 3. 6 million americans. This kind of relief is lifechanging for individuals and their families. But its good for our economy as a whole as well. By Freeing Millions Of Americans from the crushing burden of student debt it means they can go and get their lives in order. They can thi

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