President Joe Biden has approved a new U.S. nuclear strategy designed to prepare for potential nuclear confrontations with Russia, China, and North Korea. This strategy, which was quietly approved earlier this year, reflects growing concerns about the rapid expansion of nuclear arsenals in China and the ongoing threats from Russia. The White House confirmed the … Read more
Vice President Kamala Harris highlighted the Biden administration’s efforts to forgive student loan debt in a speech to the American Federation of Teachers (AFT) in Houston, Texas. Addressing a crowd of approximately 3,000 teachers, Harris emphasized the administration’s vision for a future where students are supported and teachers are free from the burden of student … Read more
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
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
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
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
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 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
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
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