i am i will write consider the triangle cbo and the triangle, respectively, dao. already guessed that they are equal in terms of three sides, because ob is equal to o. do you see? since the point lies on the middle of the perpenual b and the point means that when it connects to od and oc it forms another isosceles triangle about dc, respectively oc is equal to od. it is clear, since the construction of the central bank is equal to ad, then these triangles are on three sides. there is such a sign. but if the triangle ado is equal to the triangle ocb, then, respectively, the angles adjacent to these sides are equal, then the angle cbo equals angle, dao, no question. then consider the angle o b, a. its value is oav understandable. why would anyone say. because he isosceles point o lies on itself to ab respectively, then the corresponding angle. equals means ob a is equal to the angle oab. now we are doing the next cbo exercise. the value of the angle minus see this angle here, the value of the angle ov, and equal to d and o minus, respectively, o a b it turns out tha

score, talking to a lot of people who say, you know, the cbo usually -- they're now usually over tene cbo acknowledges in its own report the estimate is, they said highly uncertain. quote/unquote. something you're going to continue to hear the white house is saying. also, the white house will have to release their kind of own analysis of this impact. we don't know when that will come, but they will also have to say, $400 billion. something else lower or higher based on their own analysis. >> important point, eugene, about the time frame of the cbo score, and i don't know. maybe just me. i can't imagine too many people are going to opt out of getting their loans forgiven, but we shall see. we know, eugene, of course, midterms just a month and a half away. democrats control both houses, but it's narrow, narrow, narrow. talk about the president's last-minute messaging on two things. first, on the offense, health care. saying, hey, we're trying to, cutting your costs. republicans are trying to raise them. secondly, on the defense, what's the white house response going to be, to the gop s

cbo estimates inflation reduction act medicare inflation related rebates will increase medicaid spending by $15.7 billion over a ten-year period. explain what that means and put that in context trek to medicare or medicaid? >> host: i apologize. medicare tragic you have to read it again. cbo estimates inflation reduction act medicare inflation related rebates will increase medicaid spending by $15.7 billion over the next ten years tragic yes, all right. that has to do with the rebate rule. it's complicated. you probably don't want to know. it had to do with congress getting budget credit for canceling something everybody agreed need to be canceled. it was a trump administration proposal and it was basically who getsmp to achieve the savins from doing it. >> host: kaiser family d foundation is kff.org. kaiser health news is kh in.org and her phone numbers will put on the screen for you and julie rovner here to take those calls. bonnie integers is up first on that line forn those over 65. good morning. >> caller: good morning. i was wondering, not wondering, you know, just i thought social

the cbo estimate that medicare inflation rebates will increase medicaid spending by 15.$7 billion over the next ten years. >> that is the rebate rule it is complicated you probably do not want to know. congress gets budget credit for canceling something everybody agreed needed to be canceled basically through gets to achieve the savings from doing it. >> kf f.org khn.org is kaiser news. new jersey is up first on the line for over 65 years old. >>caller: good morning. i thought social security and medicare was paid into from people who work and they take it out of their paychecks isn't it illegal to give it to people who do not pay into it? >> you have to be eligible to get social security or medicare you can buy into medicare people did not pay social security taxes why they were working many did not pay federal they paid into their own pension system so you campaign for medicare part a that comeses to you you are eligible for a few paid into the requisite period of time but social security and with those payments from social security but generally people who are working the social sec

the -- the committee for responsible budget and cbo confirms its too expensive, congressman.ou, jody arrington, we will be watching, thousands of migrants being bussed into big blue cities, leaders still not acknowledging the root of the problem. there's a wide-open border that the administration will not acknowledge. then a live look at hurricane ian's path as it strengths to category 4 storm this morning. what you need to know when we come right back. ♪ ♪ f ♪ ri ameriprise financial. you love closing a deal. but hate managing your business from afar. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire hi, my name is reggie and i lost 30 pounds with golo. before golo, my blood pressure was really high, but after golo, i was able to cut my medication in half. with golo, i've not only lost weight, i'm happier, i'm healthier, and i have a new lease on life. ♪ here goes nothing. hey greg. uhh...hello? it's me, your heart! really? yes! recording an ekg in 30 seconds. tada!

it is a short egg timer tiktok before we see the deficit impacted by that and then the cbo score cames week and said that very thing. that it is going to go up and inflation will be impacted by that. the deficit will be impacted. what a mess. >> look, you have the fed that's trying to tighten interest rates. remember, the pure definition of inflation, too much money chasing too few goods. instead of offering more product like energy products, what they're doing is the congress and the white house are spending record amounts of money at the same time the fed is trying to reduce that money supply by raising interest rates. so they are working against each other and that's why the markets are in such fluctuation and the american people are suffering because inflation in every sector is running rampant. double digits in most sectors. >> harris: you say the markets are in fluctuation. people look at the screen and we're in the green. some investors are taking advantage of cheaper stocks after the freefall yesterday. let's hope they see something positive soon so they can fluctuate a more p

the cbo is saying this because it puts more on the backs of the american taxpayer and it causes thingse you are making money free at a faster rate. >> that's what i'm telling you. free money has destroyed the value of money. >> harris: it's an oxymoron. no such thing as free money. >> you can go now in the store with $400. you can only buy $200 worth of things you bought a year ago. i'm telling you, i wish i had sent your producers this chart. there is a chart that shows a 70-year chart that shows a spike in food at home the companies. so interesting to me. when i look at this and i think about the notion that somehow this is a threat to democracy because people didn't vote for this president, this is the ultimate threat to democracy. empty bellies. this is what sparked the arab spring and what has sparked almost every single major conflict throughout history. empty bellies. people have a tough time. gasoline prices why everyone thought would be low, it will be unmitigated disaster. the lowest level since 1984 on emergency slice. our emergency reserves, we are so lucky we didn't have a

the i start i have to address the cbo letter you submitted into the record. i am glad you did because that record shows and proves that inflation is outpacing wage growth. when you talk to any american, they will not buy what you are selling. they know they cannot purchase as many goods today as they could a year ago because of inflation. whenever you try to say that increases in prices are only temporary, they are not buying it, either. the economists aren't, either. 7.5% year to year, the highest inflation in 40 years, give me a break. this cbo score showed inflation in rural areas is 130% more than in urban areas. thank you for putting that into record, mr. chairman. there is a lot to unpack, but budget democrats are working at cross purposes. last year we had a hearing about congress' power of the person and how to reassert our role in budgeting and spending so it is not undone by executive branch decision-making. what we learned is that if congress did its job, budgeting and approving programs on a timely basis, it would go a long way to removing the abi

and the cbo score, the budgetary value of relocating spectrum at auction is a focus of most spectrumislation. i have had some experience scoring options and this is how i started my professional career in the mid 90s at cbo. the cbo score is not an estimate of how much the spectrum is worth, or how much bidders will bid, or how much a spectrum relocation works in society, it is an estimate of the effects of the proposed option of the federal budget. the key with budget scoring is that the legislation -- the legislation causes. that is, when it changes from current law. although budget scoring rules can create an incentive for legislation to facilitate relocations that may not otherwise happen, budget rules will never be a guide to spectrum policy, budget rules alone will never substitute for thoughtful and delivered spectrum management. easier relocations have already been done and demands for spectrum continue to grow, what will spectrum enigma in the next decade look like? the goal, continuing to facilitate spectrum migrating from lower value to higher value pieces, will not change

and formerly, an analyst at cbo.who is rallying the importance of all of us to get to know spectrum policy better. i appreciate your reminder today, sir, and i look forward to your testimony today as well. mr. lewis, the floor is yours for five minutes. >> thank, you mister chairman. ranking member thune, ranking member wicker, thank you for having me here. in the brief time i had i'd like to summarize for guideposts for national spectrum policy strategy that can drive innovation and promote quality access to communications for all. first guidepost is that we should center the public interest objectives that by congress in our national spectrum strategy. the telecommunications act, congress directed sec to design auctions with seekers to protect the public interest and fulfill the goals of its foundational purpose to make robust communication service available for all americans. yes he these public interest objectives included promoting competition and economic opportunity, preventing excessive consolidation,'s provi

because our cbo's are rock stars and city departments are equal low amazing. in total we also was able to secure additional donation of 500 thousand dollars that crankstart was willing to match the this is one of the wonderful examples of a public/private partnership where when we step and up say we are committed to our children, youth and families. we have people who equal low want to step and up step in. and support. i will say that this if has demonstrated the fantastic ability of cbo's to be fleckable and able to bring up programs from nothing to then have riteracy and method that was lead by youth by supervisor ronen, integrated in their program this meant they allocated staff time to come and train so they could be ready to serve the young people. and -- and then in conclusion i great low appreciate our donors and the residentses and the city of san francisco, our school district. and everyone including all members of the board of supervisors who have just you know accepted and welcomed and loved all offer kid through this process. >> and with that i'm g

of course we have that cbo score yesterday. putting a new estimate on the package which white house officials were trying to sort of explai they put the rollout quickly. >> certainly. and an issue for a lot of young voters. matt, we just teased your latest from "the washington post." writing that president biden and trump in many ways started the rematch. neither of them, of course, declared officially that they're running in 2024. but, yet, polls seem to indicate voters less happy about this possibility. >> and our latest "washington post" poll, 56% of democrats and democratic leaning voters said they wanted the party to nominate someone other than biden. only 35% want the president to run for a second term. and republicans are also divided about trump which is fairly new. 47% wanting the party nominating. preferring someone else. you know, so each party kind of wants to go in a different direction. they want someone new to be running. but all indications from both biden and trump are that they're heading toward a rematch. and

. >> yeah, this is according to the congressional nonpartisan ---stu: cbo. >> yeah, biden's plan andiving $10,000 in student federal loans for borrows earning less than $250k for families filing jointly and application to apply for this should be available in october. but you know as well as i do, we've seen multiple different estimates on the right leaning side. we've seen half a trillion and all the way up to a trillion as to the cost of the american people and on the other side, ie the white house's side, we've seen, this isn't going to cost anybody anything, it's all paid for, nothing to see here. i think the devil is in the details and cbo saying $400 billion is probably the closest and regardless you're paying for it, american taxpayer even if you didn't go to college. stu: can the president unilaterally cut debt? >> legally i don't think he can, but we'll see. stu: thanks, todd. coming up, politico's founding editor talking about donald trump and what will be said about that. question, is beer good for you? scientists say drinking beer every night may lower your risk of dement

it did not include cbo estimate or cbo said biden would cap loan payments at 5% of income and forgive, florida needs help but this nonsense on going on. >> this will not stop, they continue this there are estimate that have this 800 billion or higher this is a vote buying scheme, let's be clear, you don't like the word lie, down either, he is flat out being dishonest to the american people, they are seeing through this, but they will not all see it, it it is a buying boot scheme. that is politicizes this actions rather than helping the american people. elizabeth: again feels unseemly to use the words but i don't know how else to report it, rep reporters don't want to sit in a possession says that president has been lying but the misleading comes are over the top, even left leaning brookings institution says this say terrible idea. it is affecting subsidizing fat khatta. >> that is final thing, liz, colleges in universities have had a a free ride and gravy train, no incentive to control cost, i was on a college board davidson college there was no controlling our internal cost this is f

great to see how you feel about the cbo, often depends on what they have to say. the first estimate $420 billion, way above what the white house said it was going to cost and $100 million more than, or $100 billion more, rather, than the savings from the inflation reduction act which means contrary to what president biden insists,s this thing ain't paid for. >> well, that's right, john. and what we have here is a continued effort for political pay-off at the expense of americans who have not gone to college, who haven't taken out student debt, and it's -- it's a huge transfer from the wealthier among us to those less wealthy and it is an outrageous approach, scheme, and as has been noted if it goes through, it will be the most expensive executive order in american history. there is nothing about this that is right, there is nothing about this that is fair for the vast majority of americans, and as others have commented, it's only going to serve to drive up the cost of education. there is no incentive today and less incentive tomorrow for higher ed institutions to

the cbo is estimating that $400 billion in the cancellation over 30 years, they are tacking on another $20 billion to that because the administration is extending the pause of payments, that's what it will add, and then a final thing, and the cbo did not add this in. it's the fact the administration wants to bring down the threshold, percentage of your salary that you have to pay these loans back, right, to give people more access to capital and that could tack on another $120 billion, and that is where the washington post came in and said this is stimulus at its best. >> worrying a lot of families across the country right now, not a good situation we are in, jackie deangelis, thank you for breaking it down for us. >> john: candy colored fentanyl discovered in more states in the nation as the potentially lethal drug continues to stream across the border. officials sound the alarm warning parents ahead of halloween. kansas senator roger marshall joins us ahead. >> aishah: florida is bracing for impact at hurricane ian intensifies and churns ever so closer. complete team coverage as we c

it doesn't really help that the cbo says it will cost at least $420 billion. have never gone to college, people who have an incomplete college education are the ones who will be on the hook for the 30% of the country who actually goes out and gets a degree. my biggest problem with this has always been there is no accountability for the schools themselves. they now know that there is more free money. they are not changing the system at all. so dana knows my daughter. she is 17 looking at colleges right now. a high school senior. so they have this perception that college is going to be free. it's not. someone is going to be on the hook for that. >> bill: it could be the most expensive executive action in history some believe. congress didn't score it. >> the "wall street journal" said it's great to be king. it is for king charles. he doesn't have to do anything. joe biden, our president, should not be acting like a king and not be able to make decisions like this and why you are going to see court challenges here because it is just too expensive and with inflati

that it's not just this 400-dollar figure but also the interest cost on top of it and right now the cbohich is a very conservative estimate because they are not the fed, they're not planning with what future interest rates are going to be, they think this will cost up to a trillion dollars by the second half of the century and that's without a future of no longer ultra low interest rates. we are in an environment where the fed is saying they're comfortable going well past 4%, into 5% for many years on end. so with the inflationary effects of this student debt relief and, again, a lot of that 400 billion comes earlier on, even thouga t, the assumption is that a lot of that does come in the first half of the 30 years, the inflationary effects with interest rates, with the interest payments, it could be a hell of a lot more than $1 trillion. maria: well, that's the thing, hogan. i mean, when this bailout was first announced there were expectations all the way up to a trillion dollars over a 10 year period, hogan and now you're getting basically this debt cans cancellation is too costly as

cbo says $400 billion.c legal foundation saying it is unconstitutional. he basically did that with a press release you know what i mean? when you see congress doing stock trading, massive spending going on, talking trillions in waste, voters are saying what the heck is going on? >> you know, exactly. i'm on the oversight committee. virtually every term we have one hearing where the government accountability office comes in, present a report hon waste, fraud and abuse. just to make that list, agency or program has to be in jeopardy wasting a billion dollars. there is waste, fraud abuse throughout the whole thing. one more reason we have to give oversight to the executive branch. we have to bring the agencies in, not only have they been politicized weaponized but they are inefficient doing their job itself. elizabeth: you can't become desensitized to it, right? >> you shouldn't. elizabeth: talking about 87,000, tens of thousands of irs agents to go after people, exactly after you're doing that. >> exactly. we

i leave detailed economic analysis to the former cbo director there.re about it than i do but just seems a little duplicitous on the one hand they say we're seeing inflation on the increase but we don't want to talk about a recession because they don't want to say stagflation. and i understand they wouldn't want to say that. elizabeth: douglas, what do you say? gallup is saying 56% of voters say yeah, we're hitting financial hardship. that is up from 49% in january. we have now americans spending manufacturer on average of taxes than food, clothing health care combined what do you say, douglas? >> certainly the facts on inflation are very clear. even after last month's july report showed overall inflation flat for the month, largely due to gas prices, food, energy, shelter which are half of typical family's budget were up 11% year-over-year. that is enormous amount of pain for americans. there is no question about it. and the fed is trying to slow the economy t wants to have jobs reports don't show as many jobs, housing reports don't show many sales an

already the cbo, penn wharton and moody's says the act will not cut inflation.roing list of democrats avoid campaigning with the president with us darrell issa, cat ma'am mack, steve warren, carol roth, jay junk and former acting ice director tom homan a jam-packed hour. explosive testimony from a twitter whistle-blower warning of breakdowns that threaten privacy, your privacy and national security a chinese agent worked at twitter? thousands of twitter employees can track locations. a top chicago democrat calls the city's failing public safety a joke. and more u.s. cities have half the police force needed to fight crime after defund police. and nfl star aaron rodgers, he slams pandemic shutdowns, they were botched he says. they ruined a lot of small businesses and we have a former fdny captain, a fire department captain here in new york city. he vaccine mandates, he is outraged, they're still failing first-responders. biden's border chief testifies the border collapse is the worst he has seen in 31 years. i'm elizabeth macdonald. "the evening edit" starts right

of student loans are modified in september, the 2022 deficit could be considerably larger than the cbo has estimated. >> two things right, the student debt, committee for responsible government came out moments ago saying at least $570 billion is going to cost, probably more than that, we know the penn wharton model is up to a trillion dollars. and the so-called inflation reduction act, the spending is front loading. all the assumed savings, i use assumed, they are assuming a lot here, will happen in the later years. so we are fighting an immediate inflation bill. you are throwing hundreds of billions into the economy as the fed is trying to take it out. and the average person has paid a price for all the free money. another example of the free money, monetary theory, the notion the government can print all the money in the world, it's an unmitigated disaster. point this out, point this out, people feel it, they know it in their own lives. no mas, don't give me any free money because i can't get as much at the grocery store. yeah, eggs went up 200 bucks. everybody knows that, everybody

all talk, cbo, movies, garcia, the solar energy is dirt cheap. days when we find heavy industries leaving germany would be a horror scenario for economic developer. unclear scotland. 5000 jobs in his region depend on the aluminum industry alone. i'm sure it's rid of. yeah, it'd be great if folks would cut back a bit. so we can keep working on otherwise, i'd gladly lower the heat a few degrees at home. if that means industries and noise can keep going. how much energy and emergency aid will be allotted? germany faces a tough decision. as you'd expect, the energy crisis has led to urgent calls to speed up the green transition. but that is easier said than done. take grief. as an example. the government there wants to shut an all coal plants by the year 2028th. the plan is that by 203070 percent of the country's energy needs will be covered by renewables. in recent years, the island of eva, east of athens, has become an example of how the switch to renewables could knock. it's home to several 100 wind turbines, but not every one is a fan of the venture. and though it might surprise you, some

cbo, moody's analytics upenn wharton, right? economists jpmorgan chase says it does nothing to cut inflation. people are getting sick and tired of the topspin here. >> you know, look it, this is going to be and inflation election. elizabeth: they say, but they say it is an abortion election. they say abortion will drive out voters. >> well you know the polls i'm looking at, 35%, number one issue, inflation/economy. abortion down around 7 or 8% and climate change, liz, about 2%. so he is not selling this and it's not going to succeed and ordinary working folks are losing money every single month. 17 consecutive months, real weekly wages have fallen. this is a terrible situation and unfortunately, even though i always am optimistic long-term i think the cavalry is coming, i think the congress is going to change, nonetheless, we've dug a deep ditch here around it is not going to be easy to get out of it. elizabeth: larry kudlow, thanks for joining us. good to see you, my friend. good to see you. >> my pleasure. elizabeth: catch lar

grains can you able to get used to if you got that i mean, you fascist them with the one with general or cbo, you must get a look at those all with in fact, no gross population was just 50000 them. so killing 700000 would have been a challenge. but these notes on russia were often republished and quoted, even centuries later, similar accounts meant russia was judged to be dark and savage. though europe at the time, was far from the height of progressive humanity. can request a gospel roll a little bit a while we see in the major issue with fleming, a screen that shows that it was a clean face. as busher kim's as 2 dates that did the girl always except a from a fill in the, by the most asi business that i studied, we ended up. i didn't say that my position open up on visual nose up on the side of blood. but i showed you my school, he wouldn't be at school, but i mean, the musk, anything a given the from the law lead the most in thought from typical mcclung put up with that window which typed up one of the show, the stuff that we had no problem, but it, let me check and it was a bit on the wha

june of 20224 years we -- also supported funded cbo's. and through this work, over 41,000 older adults and people with disabilities were reached again through education, workshops, social media and other engagement and some had opportunity to engage in activities to support improvements and changes. this work includes what was done during the covid-19 pandemic, a lot of the work continues. much of it was virtual during the initialling period of the pandemic which had an impact on the direct out reach and engagement. but the work continued and so we are really -- pleased that we were able to continue it and funds a new round of cbo's again starting this past july. so -- my final slide i would like to acknowledge seth who leads vision zero san francisco for d ph and julie wong, the lead in this work and currently out so could not be here today. as well as jennifer dough who support this is in your branch. and our important partners at mayor's office on disabilities and mta. and i'm happy to answer questions if time allows. next. i am openin

with durham, or cbo, you must be able to hold all of those, all. in fact, no gross population was just 50000 them, so killing 700000 would have been a challenge. but these notes on russia were often republished and quoted, even centuries later, similar accounts meant russia was judged to be dark and savage. the europe at the time, was far from the height of progressive humanity. gimler was more a little a little bit of a while. we see in the, near the shoe, which will, i mean like shoes i didn't was, seems clean faced as busher. jim's as to the, to cynthia girl always except a from a fill in the way the most of us, the business benefit of 70. we ended up studying, we've seen them operation open up and visual nose up on sort of blood, but i showed you must go, we wouldn't be a school, but i mean for musk anything a given the, from the law lead the most in thought from typical mixing lungs put up with that window which does double, i know for sure the stuff that we have no problem, but let me check and it was a bit on the what now, what you, what a l

if you got that, i mean, you've washes them it was actually booked with the one with the dental or cbo, you must get a hold of those all with in fact i've grown to population with just 50000 them. so killing 700000 would have been a challenge, but these notes on russia were often republished and quoted, even centuries later, similar accounts meant, russia was judged to be dark, and savage, through europe at the time, was far from the height of progressive humanity. gimler was more of a gospel roll, a little bit of a while. we see an issue i do if i need a screen that shows that it was seems clean faced as busher channels as to date to cynthia always except to read and the listener. i'm a guy, i'm actually from a fill in the way the most of us, the business benefit of 70. we ended up. i didn't say that my position open up on visual nose up on the front of blood, but i showed you must, we wouldn't be a school, but i mean for musk anything. but if you have a lot of the most in thought from the vocal, missing one, whatever that window which does double, i know for sure the stuff that we ha

mister president, the ad during the week a contact with president, anton, and president micron for cbo, 3 angulation with president 14 on the issue of ukraine. thank you so much. mona scott for so we've just been listening to the iranian president abraham, right. you see, speaking there in new york, making a number of remarks about reese and protests in iran, which you seem to categorize more as riot suggesting that there was an element of public disorder. but he was being asked there about the death of mass armine. he said that it is being investigated. he pointed out that there were no signs of torture on her body or beatings. of course, the official account from police is that she was not beaten while she was in detention, but the family of mass armenian, and also many people inside the country do not believe this official account of what has taken place. now, president did say that he has spoken to massa, i mean his family is assured them that her death is going to be investigated very closely. but of course, this is the young woman who was arrested by the morality pete police for

the issue was repeatedly brought up and all that a me empty cbo me expect by anticipation is that this is not going to resemble, but hurricane maria was our response will be much more faster, and better coordinator remains to be seen how long it will take us to re power the entire system and this will be phased in gradually into the governor and u. s. federal authorities privatize the electricity supply last year despite widespread opposition. bills immediately went up, but residents were showing the new energy could swiftly deal with a hurricane. will now be put to the test she every time see al jazeera and millions of people in southern japan, i've been told to leave their homes as typhoon. not all made landfall on sunday depends whether agency has worn the unprecedented strong wind highways and a risk of landslides. tens of thousands of homes on the island of issue have been left without power. is expected to move north, bringing heavy rains to the main on the home. shoot. mcbride is monitoring the situation from sol. much of the southern parts of japan in particular, are under some

while many expected the 2 leading candidates, former president reecy mass eula, the cbo, simple, did cover to use up and incumbent candidate president j eatable. so now to, to provide details of their political platforms, the conversation ended up being more about accusing each other of lies and corruption, missouri. we sunday dad g. this is insane. the president of the republic comes here speaking nonsense, and that's why on october, the 2nd the people will send him home. we are going this final presidential debate marked the last time the candidates would meet face to face before brazilians. head to the polls on sunday, truman low to anchor's force for president jade ball so narrow. this was also a last chance to close the gap between himself and his main rival. former president lula who has maintained a commanding lead. according to pulling data services north foremost, oh really? i think the almost all we're a government that tends to the needs of the poorest. look at your, in louis government. the poverty assistance was last. today. there are 20000000 families that are receiving

o.. >> cbo. >> c o, so i hope that we won't get a similar answer here if you will, but what are your thoughts here? >> [laughs] i will try. thank you. we need long term option authority. we also need a spectrum pipeline. if 18 months is the only way you will get the focus of attention to do the work to get the spectrum pipeline, and that's a trade-off that is worth considering what it comes with some costs. in 18-month authority creates a problem for the fcc and nti that they do not have the authority to plan play -- past that. they cannot contract beyond 18 months. so it does throw some sand in the gears a little bit, but if it ultimately serves the bigger work of getting the pipeline together, maybe that's a trade-off worth considering. >> i appreciate that. that may be where my head is, the latter part of the response, which is this is tough. this is not easy policy. it can be messy at times. what i've heard from everyone, all stakeholders i've had the chance to speak to, is what certainty provides and long term deals may be in place, but also in planning. given the bipartisan inf

the cbo, congressional budget office, says biden's student loan handouts will cost $400 billion, that is not stopping democrats from introducing a new handout program. they want to let student loan borrowers erase their debt entirely by declaring bankruptcy. the story next. ♪ od luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclu

the cbo see cutting the fx reserve ratios in another attempt to try to stem these declines in dollar china as we hit the 2002 year low. breaking above 693 now. that is closer for dollar china. and people say look, the move today, the impact might be limited given the amount of supply of global effects that they are adding here. it may not do too much in terms of reversing course. >> let's get more on today's top stories. here in sydney, garfield reynolds also in sydney talking about what's going on. and we did hear from opec-plus, a very modest 100,000 barrels a day. what is opec thinking here? >> it is hard to say exactly what they are thinking is because what we're seeing from their own outlook is that they are forecasting demand coming in a bit higher than supplied toward the years end. reversing the increase they had implemented earlier, they are preparing for an even tighter market than what we were already anticipating. some analysts are speculating that this is really a bid to keep prices high and protects the price more so than balancing the market. >> what does that hundred

the cbo said what has been done with the student loans has essentially wiped out the benefits. >> therewo parts to this. when you tap out of pocket expenditures for seniors with serious illnesses like cancer or alzheimer's or diabetes. you have someone spending $8,000 a year. when you are talking about doing something that both parties have fought for for decades which is allowing medicare to negotiate for lower drug costs, that's a true victory. the president wants to extends that to kids, republicans have blocked him. our plan is to implement these. shannon: those are critical case. all of us would be cheering for people to have a better situation. has inflation caused you hardship the last 7 months. 73% say yes. 65% disapprove on how he's doing on inflation. even cardi b is weighing in. she is a big supporter of democrats. >> city was looking at some air -- i was looking at some areas the way prices are going up. how are people surviving. my family and friends are glad to have me. but living is unbearable. shannon: she doesn't think promises are being kept. what do you say to people

you know this is community wide, many cbo's, it is huge collaborative process. and -- the need's assessment is our hope that really by doing this we are really able to hear what those that we serve need, want and will make their lives better. this is economic security. and the action is a pilot program to reduce barriers for people accessing means, tested benefits like medical and ssi. means tested benefits are complicated and many people who are on them are staying out of fierce having benefits impacted. we know that extra income is good and having a part-time job gives people things to do and connect with community. when we hope to do is pilot a program that will provide benefit and support to keep people on means tested benefits and take on work. born out of the work matters collaborative. which includes some of our cb oh ,'s who have been getting together to cord mate and advocate around employment. so. the program currently is in the rfp draft stage. we hope that will be able to get out by the ends of the month and to be ail to launch the pilot some time in

student loans for borrowers that make less than -- 200 $50,000 if filing jointly, low income is -- the cbostimated the cost of the policy instrument payments from september through december 2022 will cost $20 billion. the analysis being done on that figure, there was reaction from the white house as well. brenda, and indiana pennsylvania, thank you for waiting on the open form, go ahead. >> good, one of your previous callers mentioned donald trump have been floating pardons for the january 6 rioters. for me this is another example of how gullible his supporters are. he was the president on january 6. he could have issued a blanket pardon to everybody on that day or sometime over the next two weeks before he left office. what i find is kind of amusing, the rioters build the gallows on capitol hill's supposedly for mike pence. at the end of the day president trump turned his back on his supporters and left his supporters hanging on capitol hill i find that pretty amusing, a second thing is, 2016, donald trump condemned the electoral college, that it should be done away with and it is unfair.

tag looking to be $400 billion according to projections today put another way in 2023 for example, cboflows to the treasury will be reduced 0.2%. some democrats coming out today saying that while they don't necessarily agree with the projections or all of the projections, they still however called the relief transformative. when i asked, jake, those lawyers if they feel like this will succeed or go further, they are hoping so because this relief could take impact or effect as early as the first week of october. >> meanwhile a recent bank of america survey shows the cost of living is out pacing pay for more than 70% of u.s. workers. a lot of americans can relate to that right now. >> reporter: absolutely. you have inflation at 8.3% and for most, wagers aren't going up nearly as quickly. so this bank of america study suggesting that nearly three out of four workers say inflation is out pacing how much they bring home and that's leading them to it happened to their savings for example. 28% say this happened to their emergency savings and the same say they had to work extra hours to keep u

. >> chuck schumer doesn't agree with the cbo analysis.chumer and other democrats want the president to cancel $50,000 in student loans. neil: thanks for that. let's go to steve sips, the legal foundation which is suing over this loan forgiveness plan. you have more availability with this latest breakdown of this. the president as you know is still going through with it. what do you make of it? >> the program is both blatantly illegal, the president does not make laws in the converse, congress make laws. and obviously the runaround congress and it is fundamentally unjust. we are talking about a massive transfer of wealth, half $1 trillion and think of the people who have paid their loans off, went to college, did the right thing, didn't go to college at all, and they are all chumps, don't bother to make good on your obligations, wait for the government to pay that off. it is a horrible message in times like this, divisive times like this to send to the american people. >> he would seem on good legal footing, challenging this because when t

i'm interested in your understanding of the cbo score that you mentioned in your testimony, and it seemsike with your prior career experiences at cbo that you would have some helpful insight into how scoring a factor into what up ventral reauthorization of the spectrum auction authority would look like. when i was in the house -- subcommittee there in energy and commerce, we worked on the ravens act, it was a big point of conversation, how this was going to end up. in regards to score. in your view, what are the pros and cons of an 18-month reauthorization, as opposed to going ahead and doing one year or four year reauthorization? >> thank you for the question. if the reauthorization for 18 months allows for the work to be done, to have more direct scoring in a longer bill, that could be useful. but we all appreciate, at the end of the day, we want spectrum authority to be there for a long time. even if you extend the authority for four years or ten years, there is still an opportunity for congress to come in and have corrective relocations, and those relocations will score positively. t

tracing team and this was one of the first such team s in the country and overseen over 400 city state cbo and contract workers to insure that we were getting the people to services they need and doing the right contact tracing in the early days of pandemic and eddie did this with great grit and humility. he trained and lead by teams to conduct business in spanish insure the needs of san francisco most impacted communities were met so thank you eddie so much for your work. [applause] so jonathan spears. (inaudible) [applause] jonathan was the executing on the roll out from the earlier days when vaccine was scarce to today when he continues to lead the city vaccination efforts. a colleague once referred to jonathan as "the nicest person in the room " because he always finds the silver lining. today nearly 90 percent of san francisco has been vaccinated against covid-19 and jonathan is a key reason we got there. [applause] carla beak. [applause] not just planning but advanced planning. carla beak more then a year to advanced planning unit at covid command where she wore many hats in the earl

you have to take that message, this stuff goes under the radar but the cbo has since revised its projectionn act and projected out even further before you even start to reduce the deficit, etc. >> yeah, senator manchin was very defensive in that interview with bret baier last night. although at the white house party house speaker nancy pelosi said it was beautifully named. a beautifully named act. listen, if you looked at all the people who were there, the constituents they represented, this bill called the inflation reduction act, was a climate bill. a healthcare bill. a bill that incorporated some long-time democratic priority items that they had not been able to pass before. and they called it the inflation reduction act for obvious reasons to make it look like they were taking action on inflation. but even if it did work according to their plan, that help would be years away and the mid-terms are less than 60 days away. so they are going to have a political problem with this especially after throwing such a big party on the day that not only did inflation go up, but the dow jones indust

the cbo says there's no way schools will spend it all until you are not going to believe this number, president newsom will have us all in electric vehicles on the highway to hell by then. here's the funny thing about bureaucratic gas lighting. when you mess with the most important thing in someone's life, they don't forget. even when you try to shift blame in the flat out lie about causing irreparable harm to society's youngest most vulnerable members, people love their kids but hate being lied to. all ridiculous and his excuses will never absolve her of the generational harm she's committed in the name of safety and this mother will never let her forget and fax mama that's the memo one study found public pools of tics and kids seeking to help treatment. they still are having a hard time getting it. the world bank found shutdowns will cost our kids $21 trillion in earnings over there lifetime. should randi weingarten donate her $400,000 a year salary to help? stephen l miller, jessica tarlov and olivia rondeau. do you know who she run speak of? anthony fauci was going on this defensi

this score again that we got yesterday from the cbo you would say based on 90%. the white house said we have to see how many people sign up. did the white house really work through all of these numbers? what if it is $400 billion? >> the white house was very thoughtful and will continue to be. this is not a one-time hit. this is absorbed over many years and again when we look at the record reduction in the deficit under the biden administration we know that this reduction in the deficit in the trillions of dollars will help significantly towards passing on these savings to every day working people. >> when will we have those? we have other topics to get to. when will we have the numbers? >> the white house is working on all of the details. we will have a rollout in a few weeks to mack sure that people can go into the portal and apply for this relief. this is not automatic relief. we don't expect all 40 million eligible borrowers will take advantage. their to apply for the relief. with other programs we have not seen numbers near 90%. we certainly are prepared for