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federal loan payments. none of them have to pay any of these loans back until january of 2023. president claiming that this targeted approach will actually have a positive effect, he says, on lowering inflation. but tax experts and republicans think that those numbers do not add up. this is senator tom cotton. watch this. >> the president doesn't have the power just to unilaterally on his own eliminate entire categories of de. of all the dumb things joe biden has done this is the dumbest yet. a terrible policy that will harm many more americans that it will help. >> a former obama ec...

laptop which might suggest joe biden was actually profiting. >> live at national park ahead of today's congressional baseball game. >> play in a big league ballpark. that's something that never gets old. ♪ put me in coach ♪ i'm ready to to play today ♪ put me in coach ♪ i'm ready to play the game. >> ainsley: 7:05 the congressional baseball game will take place on fox sports 2 also stream on fox nation if you want to watch. >> brian: slow arriving crowd. >> steve: 7:05 p.m. >> brian: isn't traffic terrible in washington, d.c.? what are they waiting for? [laughter] >> steve: w...

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 t...

During the pandemic. so carving off that number is not the huge achievement that it is often made out to be. plus this student loan deal negates all of the gains in the deaf sift when you look over time. all the money being spent on student loans wipes away that reduction in the deficit that you have heard so much about. >> they are saying we'll bring the deficit down another $1 1/2 trillion in this fiscal year. i don't see how the math adds up with what they've spent here. at least congress has passed most of this spending and bipartisan. this was done with executive action and many people ar...

Doesn't have the cash it needs to keep itself operating. here is part of the reason why. the city's deaf sift is expected to reach $100 million by next month. that is the end of the fiscal year. its population has plummeted to 700,000. that is less than half of what they had about a decade ago. unemployment in detroit is at 17.5%, more than twice the national rate. steve moore is a senior economic writer for the "wall street journal." we have a lot of big stories to get to today, but when it comes to the economy we don't want to forget that. and you say that detroit is a canary in the coal min...