May 14, 2024
Crypto

Biden blocks Chinese-backed crypto miner from land ownership

WASHINGTON (AP) — President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base. The order forces the divestment of property operated as a crypto mining facility near the Francis E. Warren Air Force Base. It also forces the removal of certain equipment

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Funds

After Congress finally does pass new funding, this is how the US can rush weapons to Ukraine

WASHINGTON (AP) — The Pentagon could get weapons moving to Ukraine within days once Congress passes a long-delayed aid bill. That’s because it has a network of storage sites in the U.S. and Europe that already hold the ammunition and air defense components that Kyiv desperately needs. Moving fast is critical, CIA Director Bill Burns

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Loans

Biden administration announces another round of loan cancellation under new repayment plan

WASHINGTON — The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness. The Education Department announced the latest round of cancellations Friday in an update on the progress of its SAVE Plan. More people are becoming eligible for student loan

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Loans

President Joe Biden will unveil his new plan to give student loan relief to many new borrowers

WASHINGTON — President Joe Biden will announce his latest effort to broaden student loan relief next week for new categories of borrowers, according to three people familiar with the plans, nearly a year after the Supreme Court foiled his administration’s first attempt to cancel debt for millions who attended college. Biden will detail the plan

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Finance

Thousands of financial aid applications need to be fixed after latest error

WASHINGTON (AP) — The U.S. Education Department said it has discovered a calculation error in hundreds of thousands of student financial aid applications sent to colleges this month and will need to reprocess them — a blunder that follows a series of others and threatens further delays to this year’s college applications. A vendor working

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Loans

Energy Department conditionally approves $2.26 billion loan for huge lithium mine in Nevada

RENO, Nev. (AP) — President Joe Biden’s administration has conditionally agreed to loan more than $2 billion to the company building a controversial lithium mine in Nevada with the largest known U.S. deposit of the metal critical to making batteries for electric vehicles key to his renewable energy agenda. The U.S Energy Department agreed on

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Mortgage

Mortgage rates may be a bellwether for 2024 presidential election

WASHINGTON (AP) — Lori Shelton can’t fathom ever having the money to buy a home — and that’s a major reason why so many voters feel down on the economy ahead of this year’s presidential election. Shelton, 67, drives an Uber to help pay rent in Aurora, Colorado. An advance on her pay covered her

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Loans

Federal student loans for nearly 153,000 borrowers are being automatically canceled, Biden says | News

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Funds

US has enough funds for now to continue training Ukrainian pilots on F-16, National Guard chief says

WASHINGTON – The National Guard still has enough money on hand to complete the training of Ukrainian pilots on F-16 fighter jets despite the U.S. running out of funds to send additional weapons and assistance to Kyiv, the head of the Guard Gen. Dan Hokanson said Thursday. President Joe Biden announced in August that the

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Funds

Republicans push back on Biden plan to axe federal funds for anti-abortion counseling centers

In a new twist in the abortion access fight, congressional Republicans are trying to block a Biden administration spending rule that they say will cut off millions of dollars to anti-abortion counseling centers By AMANDA SEITZ Associated Press January 13, 2024, 12:31 AM ET • 4 min read WASHINGTON — In a new twist to

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