andre perry, senior fellow at the brookings institution and annie nova, personal finance reporter foristory shows us that most midterm elections are typically an absolute cakewalk for the party that is not in the white house. but there is a growing chance that senate republicans could end up learning a tough lesson this november. candidate quality still matters. and while there seems to be no filter for certain male candidates in the gop, women, no matter how qualified, competent or capable, struggled to be seen as electable. our own ali vitale gets into it in her new book. she joins us in a few minutes. a few minutes. this is the moment. for a treatment for moderate-to-severe eczema. cibinqo — fda approved. 100% steroid free. not an injection, cibinqo is a once-daily pill for adults who didn't respond to previous treatments. and cibinqo helps provide clearer skin and less itch. cibinqo can lower your ability to fight infections, including tb. before and during treatment, your doctor should check for infections and do blood tests. tell your doctor if you've had hepatitis b or c, have

to discuss how this will impact you and your taxes is will mcbride, a fellow in economics, and andre perry the brookings institution. will, we'll start with you we're saying this is canceling student debt, but it's not it's taking those debts and having other taxpayers pay for them how would you describe this and what you think about it all? >> right, will, this is a big move, this is a lot of money we're talking about. we're talking rough guess, more than 350 billion in terms of hit to the federal deficit upwards of 500 billion these are ballpark figures we don't have an official estimate from the cbo or anyone else hopefully we will very soon. but it's clear this is a very expensive policy for instance, far more deficit impact than the inflation reduction act, which was just passe passed last week which was ostensibly going to reduce the debt by 3 billion over ten year. this is a lot of money and a lot of money coming out and getting dumped on the economy at a time when we don't need it, precisely the kind of policy that caused the inflation crisis we're in by most accounts. the american