Tag Archives: Biden

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

President Joe Biden will nominate Jonathan Kanter, an ardent Google critic and competition lawyer, to lead the Justice Department’s antitrust division, as first reported by Bloomberg on Tuesday. Kanter has a long history of representing companies in competition cases against Google, and he opened his own law firm last year. If confirmed by the Senate, Kanter would take the helm on a slate of cases against big tech companies led by the Justice Department, including a monopoly lawsuit… Source link

Biden just canceled millions more in student loan debt — who qualifies this time? The Biden administration is wiping out another tens of millions of dollars in student loan debt, affecting borrowers who were deceived by schools that are now out of business. With this new debt forgiveness, the Department of Education has now canceled at least $3 billion in student loans since the beginning of the year. Borrowers have been given more room in their budgets to save, invest or get a grip on their… Source link

A new Biden stimulus benefit offers free health insurance for 6 months The massive COVID rescue package President Joe Biden signed back in March — the same law that included $1,400 stimulus and the monthly payments for families that start next week — is now offering free health insurance to millions of Americans, through the end of 2021. The benefit’s zero-premium health plans became available on July 1, with no income limits for qualifying. But there is one major eligibility… Source link

President Joe Biden signed an executive order on Friday aimed at promoting competition across the U.S. economy — including measures that target big tech companies, aim to lower prices for consumers and call for greater scrutiny of mergers across industries.  “The heart of American capitalism is a simple idea: open and fair competition,” said Biden before signing the order. “Capitalism without competition isn’t capitalism. It’s exploitation. Without healthy competition big players can… Source link

Yahoo News ran an op-ed by President Joe Biden on Monday, roughly three years after rejecting an offering from then-President Donald Trump that was much more political in flavor, according to two people familiar with the situation. The two opinion pieces, while not a clean comparison, shine a light on one newsroom’s decision-making taking op-eds penned by an outsider GOP president keen on disrupting American politics and a Democratic one who was a senator for… Source link

President Biden announced a huge bipartisan infrastructure deal on Thursday, then spent the next four days trying to assure progressive Democrats he will also fight hard to pass a more sweeping package while assuring moderate Republicans and Democrats he is totally committed to the bipartisan package and would sign it if it arrived at his desk. On Tuesday, Biden will host members of the Congressional Progressive Caucus at the White House to shore up support for the package on the left, then… Source link

The door for Mark Calabria’s exit was opened by Wednesday’s Supreme Court ruling that made it clear the president has the authority to oust the Federal Housing Finance Agency director. (Andrew Harnik / Associated Press) President Biden will move immediately to replace the director of the Federal Housing Finance Agency, Mark Calabria, an appointee of former President Trump with broad powers over mortgage giants Fannie Mae and Freddie Mac. The Supreme Court opened the door for Calabria’s… Source link