Davidson News

Davidson News

Court Blocks Biden’s Student Loan Forgiveness Plan in Missouri

Court Blocks Biden’s Student Loan Forgiveness Plan in Missouri

July 18 (Reuters) – A federal appeals court on Thursday blocked President Joe Biden’s administration from continuing to implement a new student debt relief plan designed to lower monthly payments for millions of Americans. The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven Republican-led states to put on hold parts … Read more

Biden Administration Forgives $1.2 Billion in Student Debt for Public Servants

Biden Administration Forgives $1.2 Billion in Student Debt for Public Servants

On Thursday, the Biden administration announced the forgiveness of $1.2 billion in student debt for 35,000 borrowers working in public service roles, such as teachers, firefighters, and law enforcement officers. Expanded Public Service Loan Forgiveness (PSLF) Program This latest round of debt relief follows the Supreme Court’s rejection of President Joe Biden’s broader college loan … Read more

Report Shows Clean Energy Tax Credits Benefit High-Income Filers

Report Shows Clean Energy Tax Credits Benefit High-Income Filers

A recent report by University of California, Berkeley economists reveals that clean energy tax credits have predominantly benefited higher-income tax filers, highlighting a challenge for the Biden administration’s emission reduction efforts. The study, circulated by the National Bureau of Economic Research, analyzed $47 billion in clean energy tax credits claimed between 2006 and 2021. It … Read more

Federal Judges Halt Biden Administration’s New Student Debt Relief Plan

Federal Judges Halt Biden Administration's New Student Debt Relief Plan

In a significant legal development, two federal judges in Kansas and Missouri issued rulings on Monday that prevent the Biden administration from further implementing a new student debt relief plan aimed at reducing monthly payments for borrowers. The rulings came in response to lawsuits filed by several Republican-led states. Judicial Blocks on Student Debt Relief … Read more

TikTok Challenges Potential U.S. Ban as Unconstitutional

TikTok Challenges Potential U.S. Ban as Unconstitutional

A new law signed by President Joe Biden, which could lead to a ban on TikTok next year, is unconstitutional and should be overturned, the social media platform argued in new legal filings on Thursday. The law, signed in April, mandates ByteDance, TikTok’s Chinese parent company, to divest the business or face a ban within … Read more

Financial Aid Officers Seek Extension for Biden’s Gainful Employment Rules Amidst FAFSA Chaos

Financial Aid Officers Seek Extension for Biden's Gainful Employment Rules Amidst FAFSA Chaos

Financial aid officers across the United States are urging Congress to extend the deadline for implementing new financial transparency measures proposed by the Biden administration. The National Association of Student Financial Aid Administrators (NASFAA), representing thousands of professionals, has highlighted significant challenges stemming from a botched rollout of the revised Free Application for Federal Student … Read more

Ohio: Court Ruling Indicates GOP Efforts to Block Student Loan Forgiveness Face Hurdles

Ohio: Court Ruling Indicates GOP Efforts to Block Student Loan Forgiveness Face Hurdles

In a legal battle over student loan forgiveness initiatives, a recent court ruling might have significant implications for the fate of certain challenges brought forth by GOP-led states. The dispute centers around President Joe Biden’s targeted student debt relief efforts, particularly concerning the Education Department’s initiatives to provide additional opportunities for borrowers seeking loan forgiveness. … Read more

Biden’s $400,000 Tax Pledge: How Inflation and Changing Incomes Impact the Promise

Biden's $400,000 Tax Pledge: How Inflation and Changing Incomes Impact the Promise

During the 2020 presidential campaign, Joe Biden made a significant promise: he would not raise taxes on anyone earning less than $400,000. A Pledge Under Scrutiny This pledge has been a cornerstone of his administration and remains a key point as he seeks reelection in 2024. However, the landscape of American incomes has shifted dramatically, … Read more

Biden Administration Allocates $900 Million for Electric School Bus Replacements

Biden Administration Allocates $900 Million for Electric School Bus Replacements

The Biden administration is set to distribute $900 million in rebates to 530 school districts nationwide, aimed at replacing diesel school buses with electric ones. This initiative is projected to facilitate the purchase of over 3,400 new buses, with a staggering 92% of them being electric. The Environmental Protection Agency (EPA) highlights that this move … Read more

Biden Administration Unveils Initiative to Modernize U.S. Power Grid

Biden Administration Unveils Initiative to Modernize U.S. Power Grid

The Biden administration introduced a major initiative on Tuesday at a White House summit aimed at facilitating America’s shift to clean energy sources while modernizing the aging U.S. power grid infrastructure. The initiative, dubbed the “Federal-State Modern Grid Deployment Initiative,” involves collaboration with 21 states, all of which have Democratic governors. The primary goal is … Read more