A long-time acquaintance called me in 2022 to catch up. Throughout our nearly 50 years of friendship, I don’t recall discussing anything political. Somehow the topic of President Biden’s signature plan for student loan debt forgiveness came up. I was startled when he challenged me, asking, “Why should I pay for someone else’s college debt?”
President Joe Biden is doubling down on his student loan forgiveness promise with a new plan that would bring relief to over 30 million Americans. The proposal announced last week would fully wipe accrued interest for 23 million student loan borrowers, eliminating college debt for 4 million Americans. Overall, 10 million borrowers would see debt
“Sure,” I said. “And not just me! I mean, Representative Bobby Scott says it’ll ‘be lifechanging for millions of student loan borrowers.’ AFT president Randi Weingarten says the president is determined ‘to remove the shackles of student debt’ in order ‘to improve people’s lives.’” My driver didn’t seem to share my bliss. “They chose to
(Bloomberg) — Shares in Asia slipped Monday, tracking a fall in US equities, as markets grappled with ratcheting tensions after Iran’s unprecedented attack on Israel at the weekend. Most Read from Bloomberg Equity benchmarks in Japan, South Korea and Australia all declined while Hong Kong stock futures also fell. Contracts for US shares edged higher
By Aatreyee Dasgupta (Reuters) -U.S. Steel shareholders on Friday approved its proposed $14.9 billion acquisition by Japan’s Nippon Steel, as expected, taking the merger one step closer to completion even as political opposition to the deal mounts. U.S. Steel said that over 98% of the votes were in favor of the deal under which Nippon
By Summer Zhen HONG KONG (Reuters) – Billionaire Zhang Lei’s Hillhouse Investment saw its hedge fund assets plummet by a third last year to $27.5 billion, a U.S. regulatory filing showed. Hillhouse, a global alternative investment firm founded by Zhang in 2005, is known for long-term bets on Chinese tech, consumer goods and healthcare companies
WASHINGTON – Former President Donald Trump is expected to raise $43 million or more at a fundraiser for his 2024 presidential campaign in Florida on Saturday evening, a much-needed surge in funds as the four-times indicted ex-president faces mounting legal expenses. The event, hosted at the Palm Beach home of billionaire hedge fund manager John
TEWKSBURY — As part of the Federal Community Project Funding appropriation that helps members of Congress fund projects in their districts, Tewksbury was awarded $850,000 to support sidewalk and safety improvements for Livingston Street. Livingston Street is a major artery that connects East Street to Main Street and the upgrades will bridge a significant gap
By Andrea Shalal WASHINGTON, March 23 (Reuters) – A $1.2 trillion government funding bill passed by Congress will allow the U.S. to lend up to $21 billion to an International Monetary Fund (IMF) trust to help the world’s poorest countries, U.S. Treasury Secretary Janet Yellen said on Saturday. Yellen said the funding would make the
The Senate voted for a $1.2 trillion spending plan to fund the government early Saturday morning, avoiding a shutdown and sending the measure to President Joe Biden for his signature. The White House announced at 1:01 p.m. that Biden had signed the plan. In a statement, President Biden said the bill “keeps the government open,