Billionaire Mark Cuban confronted fellow billionaire Bill Ackman online on Saturday after he criticized President Joe Biden‘s forgiveness plan for student loan debt. Biden recently canceled student loan debt for a further 277,000 people, bringing the total number of Americans approved for debt relief during his administration to 4.3 million. The latest debt relief applies
Fed Chair Jerome Powell is facing intensifying pressure as hotter-than-expected inflation complicates his coming interest rate decisions. The fact that both Joe Biden and Donald Trump weighed in this past week isn’t making it any easier. The situation has a historical parallel: the acute persuasion and coercion that Powell’s predecessors faced during twin bouts of
(Bloomberg) — Israel is bracing for a direct and unprecedented attack by Iran on government targets as soon as Saturday, according to people familiar with western intelligence assessments, a move that has the potential to trigger an all-out regional war. Most Read from Bloomberg An assault from Iranian soil has emerged as one of the
For the second time this week, the Biden Administration announced it’s wiping out more student loans. More than a quarter million borrowers will get an email from the White House Friday telling them their debt is canceled, totaling $7.5 billion. But critics say the handout is unfair to those who paid off their loans and
US president Joe Biden delivers remarks on student loan debt at Madison College, Monday, in Madison, Wisconsin. AP US president Joe Biden is taking another shot at student loan cancellation, hoping to deliver on a key campaign promise that he failed to fulfil so far. In a visit to Wisconsin on Monday, Biden detailed a
NEW YORK (AP) — Donald Trump’s campaign said it raised $50.5 million on Saturday, a staggering reported haul as his campaign works to catch up to the fundraising juggernaut of President Joe Biden and the Democratic Party. The reported haul from the event with major donors at the Palm Beach, Florida, home of billionaire investor
Maryland’s congressional delegation will meet with Gov. Wes Moore and the director of the U.S. Office of Management and Budget Tuesday to discuss emergency funding for Baltimore and its response to the collapse of the Francis Scott Key Bridge, multiple sources familiar with the planning told CBS News. The meeting will be held Tuesday at
Campaigners have issued a “red alert” over language included in the 2024 Federal Aviation Administration Reauthorization Act that could pave the way toward banning student loan cancellation. The current draft of the routine bill bars executive branch officials from cancelling or forgiving student loans taken out to pursue flight training or education at the undergraduate
Photo: Eric Thayer/Bloomberg via Getty Images More than 43 million Americans — one in five adults — collectively owe more than $1.7 trillion in federal and private student loans. In recent years, the idea of the government forgiving federal student debt went from fringe to mainstream, with both Donald Trump and Joe Biden using emergency
Flag of Missouri. (NA) Last Friday, I wrote about the new lawsuit filed by eleven red states challenging President Biden’s new massive student loan forgiveness program. As I noted in that post, this case in many ways resembles Biden v. Nebraska, the 2023 case in which the Supreme Court invalidated the administration’s previous gigantic loan