More than one in 10 Americans with federal student loans have been approved for some measure of debt relief under President Joe Biden, the White House said, as it announced a new round of forgiveness.
President Joe Biden’s alternative student-debt relief plan could forgive loans for as many as 26 million Americans, a far-reaching initiative that will be tested by the same challenges that beset his original program struck down by the Supreme Court.
President Joe Biden vetoed a bill designed to kill the administration’s sweeping student-debt relief plan on Wednesday.
Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter, as time grows short to avert a catastrophic US default.
The Biden administration is under pressure from Capitol Hill lawmakers and student debt advocates to develop contingency plans to cancel billions of dollars in student debt and to move forward quickly if the Supreme Court strikes down the administration’s initial executive action.
President Joe Biden has begun aggressively promoting his student debt relief plan with less than three weeks before midterm elections, after all but avoiding the subject on the campaign trail while the government worked out kinks in the program.
The Biden administration’s student debt forgiveness program isn’t yet open, but borrowers can now get a glimpse of the simple application that may bring them as much as $20,000 in relief.
The largest cryptocurrency by market value has notched only about a dozen up days this month, according to data compiled by Bloomberg, with the rest of the time mired in a decline. Other digital assets have also suffered, with No. 2 token Ether down roughly 30% since the end of December.
The world’s largest digital asset is mired in its sixth straight day of declines, with the token down roughly 20% over the past seven days. It’s now 50% below its November peak and was trading as low as $32,970 on Monday, the lowest since July.
Bitcoin dipped below $40,000 for the first time since September, putting it on pace for its worst start to a year since the earliest days of the digital alternative to money.
Democrats lobbed fresh attacks on private equity firms Thursday, blaming the industry for driving up rental costs and contributing to America’s affordable housing shortage.
The pandemic accelerated a trend that college deans and finance chiefs throughout the U.S. Midwest have been dreading: There are fewer 18-year-olds to fill classrooms, dorms and dining halls.
