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pace since june. and that could have major economic and political fallout. lucas tomlinson is live at the white house with more on this. lucas. >> reporter: jon, jp mayor began ceo jamie dimon thinks the fed has lost some control over inflation. a chemming contact congressman representing joe biden's home hometown in scranton responded earlier on fox. >> i wouldn't go that far, but what i will say is i think they got a late start. i think they should have started ticking interest rates up a little bit much earlier, maybe six months earlier than they did. >> reporter: new economic dat...

Six republican-led states want to block the federal debt forgiveness plan calling it government overreach. the biden administration is making the case for the pandemic-related relief arguing without it millions will suffer financial harm. justices will hear oral arguments in a pair of expedited legal challenges on tuesday. billionaire warren buffett toted concern touted the benefit of stock buybacks in his annual letter to shareholders. the oracle of omaha says critics are, quote, either an economic illiterate or a silver-tongue thedded again -- tongued demagogue or both. for more on these...