“We are concerned that the latest draft of the rule would fall far short of providing the full scale of debt relief that low- and middle-income Americans urgently need.” Seven members of Congress on Monday sounded the alarm about the Biden administration’s evolving student debt cancellation plan and called on U.S. Secretary of Education Miguel Cardona to […]
WASHINGTON — President Joe Biden on Wednesday announced another $9 billion in student debt relief through improvements to existing programs, a move that will affect 125,000 Americans, and which he touted as leading to economic improvement. Wednesday’s announcement focuses on three programs: one for borrowers who have worked in public service for more than a decade; […]
WASHINGTON — U.S. President Joe Biden signed into law on Saturday legislation that suspends the U.S. government’s debt limit through January 2025 and avoids a potentially disastrous default just days before the government runs out of cash to pay its bills. His signature came with two days to spare: the Treasury Department had said the government […]
The U.S. Senate voted Thursday night 63-36 in support of a measure that will allow the United States to continue to pay its bills. The U.S. had been on track to run out of cash in four days. The bipartisan legislation now goes to President Joe Biden for his signature. “Tonight, senators from both parties […]