Tag Archives: Biden

Biden has canceled almost $10B in student loan debt. What about bigger relief? President Joe Biden has shown an appetite for helping out America’s student loan borrowers. The U.S. Department of Education just reported that it has approved $9.5 billion in student loan discharges since January — lightening the burdens of 563,000 borrowers who now have more ability to increase savings, invest money and deal with other debts. If you haven’t been paying attention, you might even qualify for some… Source link

Business leaders in sectors ranging from tech to insurance committed billions of dollars to beefing up cybersecurity efforts at a White House meeting Wednesday. The meeting comes in the wake of several high-profile cyberattacks, including on government software contractor SolarWinds and oil pipeline Colonial Pipeline, that have brought added urgency to such security issues. The commitments range from working toward new industry standards to supplying other businesses with stronger security… Source link

WASHINGTON — For months, Apple and Google have been fighting a bill in the South Korean legislature that they say could imperil their lucrative app store businesses. The companies have appealed directly to South Korean lawmakers, government officials and the public to try to block the legislation, which is expected to face a crucial vote this week. The companies have also turned to an unlikely ally, one that is also trying to quash their power: The United States government. A group funded… Source link

Following the Taliban takeover of the Afghan government, President Biden’s odds of reelection in 2024 fell from 25% to 21% within a span of 72 hours, according to data by UK-based betting exchange company Smarkets. Vice President Harris’ chances of a 2024 presidential win was also downgraded from an April high of 21% to just 13% by Wednesday. “For a sitting president to be given only a 21% chance of re-election by Smarkets traders is staggeringly low,” Smarkets Head of Political… Source link

WASHINGTON, DC – AUGUST 18: U.S. President Joe Biden delivers remarks on the COVID-19 response and the vaccination program. (Photo by Anna Moneymaker/Getty Images) Ninety-seven percent of small-business owners will not face an income tax increase if President Biden’s tax plan becomes law, according to new analysis released by the Treasury Department on Thursday.  Biden is seeking to raise taxes on corporations and the wealthiest Americans to help fund a $3.5 trillion plan that would include… Source link

Images of unrest and desperation at the international airport in Kabul spread across the world on Monday as the Taliban took the city and thousands of Afghans sought to flee.  The chaos brought widespread criticism of the U.S. withdrawal, but President Joe Biden said on Monday afternoon that he stood “squarely behind my decision” to begin formally pulling out troops in May. Still, the U.S. exit poses a “real chance” of destroying the Biden presidency, Eurasia Group founder and political… Source link

(Bloomberg) — The Biden administration plans to announce the biggest long-term increase in food stamp benefits in the program’s history, giving Americans more money to buy groceries and adding billions of dollars in costs to the government. Average benefits in October will go up by more than 25% from pre-pandemic levels for the 42 million people in the program, a U.S. official said, speaking on condition of anonymity before an announcement planned for Monday. The increase means that average… Source link

The U.S. Department of Education (ED) scrapped another Trump-era policy on student loans, enabling state governments to resume oversight of loan servicers on behalf of borrowers within their borders. In March 2018, the ED under former Education Secretary Betsy Devos posted a legal interpretation on the Federal Register — a publication kept by the federal government about proposed rules and public notices — that effectively blocked state governments and attorneys general from taking… Source link

Nearly 80 million adult Americans remain unvaccinated against Covid-19, which is causing an upsurge in infections, hospitalizations and deaths as the highly contagious delta variant spreads. With most of the unvaccinated either indifferent or resistant to the idea of halting the spread of this now-preventable disease, calls are growing for the Biden administration to make vaccines mandatory nationwide. There are better ways to end the coronavirus pandemic once and for all. A federal vaccine… Source link

Tension between President Joe Biden and tech giant Facebook (FB) stands at a fever pitch, even after Biden on Monday walked back earlier remarks accusing social media platforms of facilitating the spread of vaccine misinformation and contributing to U.S. deaths from COVID-19, New York Times technology reporter Cecilia Kang told Yahoo Finance on Monday. “It felt like he was actually retreating a little bit — but the frustration and tension right now between the White House and Facebook still… Source link