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The White House said Republicans will raise inflation through their economic priorities. Biden's student-debt relief plan is currently paused as an appeals court makes a decision on its legality. "Republican officials are suing to block the Biden administration's student debt relief plan. If they succeed, that would mean higher debt payments for the over 40 million Americans who could benefit from up to $20,000 in student debt relief," the White House said. Even before Biden's August announcement of the debt relief, many Republican lawmakers were suspect of its legality.
Obama will hit a fifth state, Michigan, which has a competitive governor's race, along the way. "President Obama remains able to unite base Democrats, persuadable voters, and to motivate demographics less likely to turn out in midterm elections like young people," said Ben LaBolt, who served as spokesman for the first Black president's successful 2012 re-election campaign. "Bringing in President Obama helps to underscore the importance of African-American vote, while also exciting other voters." But Democrats will have to wonder if that will be enough, as recent polling has shown Republican candidates gaining strength across the board. The Senate race is Georgia is essentially tied, even as Walker has been hamstrung by a series of controversies.
Biden said that he doesn't think there will be a recession, but if there is one it'll be "slight." In an interview with CNN's Jake Tapper, Tapper asked Biden if the American people should prepare for a recession. "I don't think there will be a recession," Biden said. Biden pointed out that warning bells so far haven't led to a downturn. Every six months they look down at the next six months and say 'hey listen, it's going to happen,'" Biden told Tapper.
A federal judge will hear arguments this week on blocking Biden's student-loan forgiveness. In response, Biden's administration filed its first legal defense of the policy. Its arguments focused on the authority granted under the HEROES Act and the need for pandemic relief. Even if it doesn't prevail, it could delay the implementation of debt relief. That's why the department determined a targeted debt relief plan to aid lower-income borrowers would prevent them from falling behind once payments resume next year.
5 things to know before the stock market opens Monday
  + stars: | 2022-09-19 | by ( Mike Calia | ) www.cnbc.com   time to read: +4 min
Bad morning for stocksU.S. equities markets were on track to open lower Monday morning, adding to the misery lingering from last week's losses. The Covid pandemic isn't the emergency it once was. The development came after Russian President Vladimir Putin's forces suffered a quick succession of losses, ceding territory back to the government of Ukrainian President Volodomyr Zelenskyy. Thomas Peter | ReutersChina might have reported better-than-expected economic data last week, but don't bet on it lasting, according to analysts. Catastrophe in Puerto RicoA man stands on the beach with his son in in Nagua, Dominican Republic, on September 18, 2022.
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