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Brandnew hour and fox news alert. Former President Donald Trump staring down four federal charges stemming from Special Counsel jack smith investigation into january 6th. Im sandra smith in new york. A brandnew hour of America Reports starts right now and it is a treat to have you here today. Hello, rich. Rich great to be here, sandra. Thanks so much. Im rich edson, john roberts has the day off. The former president is expected to be arraigned in Federal Court In Washington tomorrow. Sandra many think the latest indictment will do that again. Rich aishah, what are lawmakers saying . Rich, congress is still on its august recess, but we are already seeing House Republicans begin to strat ....
Tomorrow. so recession threat, regardless of what the fed does for the next one quarter of a percentage point but the bigger issue coming back to fitch s thing there has to be some budgetary restraint. newt gingrinch was on the show the other night and talking about the need to start talking about a balanced budget. people have stopped talking about it. the last was in 1990s when gingrinch was speaker of the house and greenspan was chairman. you can t keep running 6% of g.d.p. deficit, it s unhealthy. sandra: something is going to give. something is going to give. sandra: and maybe the fitch rating is the beginning of it. you have to have budget resolutions coming up, that s very, very important. sandra: there is a chiron ....
at the old rate there is inflationary adjustment in january. it s running 6% or 7%. but, at the old rate plus a few points for inflation. not at the rate that might be 20, 30, 50% higher. wait a minute, i want to be very clear. i m sorry this is a point that s very crucial, i think. these policies that rex tended for a year, assuming that s the case. yes. will they adhere to the president s standards that, you know, cover preexisting conditions? kids could stay on the policy longer? no. that s just what i thought because now we have a two tiered policy system which aggravates what we already were supposedly trying to correct. well, neil, most of the insurance companies were giving their policy holders a one year stay of execution, if you will, to stay on the old rate base. preexisting conditions don t matter because they are covered already. right. but they don t have the new mandates and so forth. but they also have the policy these people chose. and it s more afford ....