Category: Biden

25 million student-loan borrowers could get up to $20,000 in debt wiped out under Biden’s new debt relief plan

President Joe Biden. Nic Antaya/Getty Images Biden unveiled new details for his second attempt at student-loan forgiveness. The plan would wipe out up to $20,000 in unpaid interest for 25 million borrowers. If implemented as proposed, the full plan is expected to benefit over 30 million borrowers. President Joe Biden’s new plan for student-loan forgiveness would tackle a key issue for many borrowers: surging interest….

Trump does a ‘double up’ on Biden campaign’s $26 million New York fundraiser with Palm Beach billionaire’s dinner

Former President Donald Trump and President Joe Biden. Scott Olson and Drew Angerer/Getty Images Donald Trump’s campaign said it raised over $50 million at his Palm Beach fundraiser. This comes after President Joe Biden’s recent New York fundraiser, which raised $26 million. Money raised at the gala could help support Trump as his legal bills pile up. Donald Trump is dining with billionaires Saturday evening,…

Hamas: Biden issues stern ‘threat’ over civilian safety in Gaza

President Joe Biden has threatened to condition support for Israel’s offensive in Gaza on it taking concrete steps to protect aid workers and civilians. According to Reuters, Biden is seeking for the first time to leverage US aid to influence Israeli military behaviour. The report said Biden’s warning, relayed in a call with Prime Minister Benjamin Netanyahu on Thursday, came after a deadly Israeli attack…

Biden warns Xi Jinping about China’s ongoing support for Russia amid Ukraine war

Xi Jinping and Joe Biden. Getty Images US President Joe Biden and China’s leader Xi Jinping spoke in a Tuesday phone call. The leaders discussed global conflicts, including China’s support for Russia amid the Ukraine war.  Russia has managed to maintain its economy thanks in part to its trade partnership with China.  US President Joe Biden warned China’s leader Xi Jinping about his government’s ongoing…

Russia could turn on Putin as the nation’s economic strength wanes and sanctions keep tightening, economists say

Russian President Vladimir Putin at the Forum of Future Technologies in Moscow on February 14, 2024 . Getty Images Russia’s economic strength is likely to wane this year, economists say.  Putin could lose support if Western sanctions make life more difficult for ordinary Russians.  Sanctions are likely to tighten if Joe Biden wins reelection in November, economists told Business Insider.  Russia’s economic resilience in the…

Lizzo says ‘I quit’ following performance at Biden campaign event

Lizzo says she’s quitting. Daniel Zuchnik/Getty Images Lizzo said in an Instagram post that she’s tired of being “dragged” online and wants to “quit.” The artist did not specify whether that meant she was leaving music. Lizzo has faced mounting criticism following her performance at a Biden campaign event. Lizzo says she’s had enough. The 35-year-old artist said in an Instagram post on Friday evening that she…

Thousands of student-loan borrowers got their debt wiped through a new repayment reform. 11 GOP states just filed a lawsuit...

President Joe Biden listens during an event at the Eisenhower Executive Office Building at the White House on October 23, 2023. Anna Moneymaker Eleven GOP state attorneys general filed a lawsuit to block the SAVE income-driven repayment plan. They argued that the shortened timeline for debt relief through the plan is unconstitutional. An Education Department official said Congress allows the authority to set terms for…

A $0 monthly student-loan payment could hurt some borrowers in the long term. An upcoming policy could change that.

Silhouette of college graduate Getty Images A Philadelphia Federal Reserve paper examined $0 monthly student-loan payments on income-driven payment plans. It found that while $0 payments can help borrowers in the short-term, it might not be as benefical down the road. That’s likely because those borrowers become disconnected from the system and do not recertify their incomes. A $0 monthly student-loan payment might only help…

Why buying a home isn’t likely to get much cheaper even under Biden’s housing plan

PM Images/Getty Images Biden has a plan to make housing more affordable, but prices might be stuck in the stratosphere.  Biden’s proposals may not be enough to tackle the housing shortage that’s pushing up prices. It will take years for more supply to slow the pace of home price growth, economists say. Americans waiting for the housing affordability crisis to ease might be waiting a…

Student-loan borrowers could see an easier repayment process through Biden’s budget request — along with efforts to make college cheaper

U.S. President Joe Biden. Chip Somodevilla/Getty Images Biden’s administration released its budget request for the upcoming fiscal year. It includes a $3.1 billion funding increase for the Education Department to help student-loan borrowers. Given GOP opposition, it’s unlikely the request will pass in its current form. President Joe Biden’s budget wish list is out — and it includes boosted funding to help student-loan borrowers as…

TikTok leaders are pretty surprised that a bill to ban TikTok is zooming through Congress: report

TikTok leaders are surprised that a bill that would ban TikTok in the US has gotten as far as it has. Nathan Posner/Anadolu Agency via Getty Images US legislators are again trying to ban TikTok with a bill in the House. TikTok leaders were not expecting the new bill to progress so quickly, per The Wall Street Journal. Former Activision CEO Bobby Kotick has shown…

Biden laid into SCOTUS justices to their faces in the State of the Union speech. They weren’t amused.

Standing behind Justices of the US Supreme Court, US Senate Majority Leader Chuck Schumer (D-NY) (top L) stands and applauds as US President Joe Biden delivers the State of the Union address on March 7, 2024. ANDREW CABALLERO-REYNOLDS via Getty President Joe Biden criticized US Supreme Court justices in the State of the Union address. He hit out at the decision to overturn the Roe…

Nikki Haley Sends Donald Trump A Message After Dropping Out Of The Republican Presidential Race

Nikki Haley exited the Republican presidential race on Wednesday after Donald Trump won by a landslide on Super Tuesday. The former president is the last major candidate for the 2024 GOP nomination, but he does not have Haley’s support. RELATED: No Hometown Love? Trump Wins South Carolina Over Nikki Haley Despite It Being Her Home State Associated Press reports that Haley didn’t endorse Donnie in…

Biden is worried China will use its cars to spy on Americans

The BYD Seal. BYD The Biden administration is initiating an investigation into foreign technology risks in American cars. The investigation is primarily focused on automakers from “countries of concern” like China. Chinese automaker BYD has denied plans for US expansion, but its global dominance is hard to ignore. President Joe Biden is worried that China will use its cars to spy on Americans — and…

Biden says Israel-Hamas ceasefire could come as soon as next week

Kevin Dietsch/Getty Images President Joe Biden said a cease-fire between Israel and Hamas is “close.” Negotiations this week come after more than four months of brutal fighting between the two. Biden said a peace deal could be in place as soon as next week.  President Joe Biden said a temporary cease-fire between Israel and Hamas is imminent as negotiators work this week to hammer out…

Student-loan borrowers are officially one step closer to benefiting from Biden’s second attempt at debt cancellation after a key stage...

President Joe Biden announced the cancellation of an additional $1.2 billion in student loan debt for about 153,000 borrowers. Irfan Khan / Los Angeles Times via Getty Images The Education Department concluded its fourth negotiation session for student-debt relief on Friday. The final session centered on a relief category for borrowers facing financial hardship. The department will now finalize the text of its proposal before…

Parents who took on student debt for their kids have ‘extremely limited’ options for loan forgiveness and cheaper monthly payments...

Sen. Chris Van Hollen. Greg Nash -Pool/Getty Images A group of Democrats urged the Education Department to expand relief for parent PLUS borrowers. They cited the SAVE income-driven repayment plan as an additional avenue for relief. They also requested PLUS borrowers be included in Biden’s second attempt at broader loan forgiveness. A group of Democratic lawmakers want more relief for parents who chose to take…

The world’s 2 biggest economies are moving in starkly different directions

The world’s two largest economies are moving in different directions. Madoka Ikegami – Pool/Getty Images; Samantha Lee/Business Insider The US and Chinese economies are diverging in policy and growth, among other factors.  China’s headwinds and steady growth in the US have been reflected in each country’s respective stock market.  Experts broke down the economic and market outlook for the two superpowers.  The US and China…

Biden pauses new natural gas export projects

Presented by Ceres — The administration wants to update its review process {beacon} Energy & Environment Energy & Environment   The Big Story  Biden halts approval for LNG export projects The Biden administration announced that it will halt new approvals for certain projects that would export natural gas as it seeks to conduct more thorough reviews.  © AP Photo/Emilio Morenatti The administration said it will…