Monday, July 26

Biden

Biden, Chuck Schumer, Economy, Education Department, Elizabeth Warren, Justice Department, Markets, Policy, Politics, Student Debt, Student debt forgiveness, Student Loans

Biden has been assessing the legality of canceling $50,000 in student debt for millions of Americans. After several months, there’s still no word.

Early in his term, Biden asked the Education and Justice Depts. to review the legality of canceling student debt. They are assessing $50,000 in student debt being canceled per person, and no update has been released. Some Democrats remain adamant that Biden can cancel student debt under the Higher Education Act. LoadingSomething is loading. Ima...
Biden, Economy, Education Department, Markets, Policy, Politics, Public Servants, Public Service Loan Forgiveness Program, Student Debt, Student debt forgiveness, Student Loans

Biden wants to hear the public’s stories about the student loan forgiveness program for public servants with a 98% denial rate

The Education Dept. is launching a public inquiry on the Public Service Loan Forgiveness program. The program, which is supposed to forgive student debt for public servants, rejects 98% of applicants. Anyone can submit comments which the department will consider when implementing improvements. See more stories on Insider's business page. LoadingSomething is loading. ...
Biden, Capital gains tax, Corporate Tax, Economics, Economy, Markets, Middle Class, Policy, Politics, Town Hall, trickle down, wealth tax

Biden says he’s’tired of trickle down’ leaving out the middle class:’Just pay your fair share’

At a CNN town hall, Biden said he is "tired of trickle down" economics leaving out the middle class. Trickle-down economics is the idea that benefits for the wealthy will "trickle down" to the rest of society. Biden said a solution to creating an equitable economy is ensuring the wealthy pay their fair share in taxes. LoadingSomething is loading. ...
BI Commentary, Biden, Commentary Freelancer, Healthcare, hearing aid, Opinión, OTC, Politics

Hearing aids cost an average of $5000. Biden’s plan to make them affordable doesn’t go far enough.

President Biden's recent executive order aims to address, among other things, the exorbitant costs of hearing aids. Hearing aids cost an average of $5,000 and are rarely covered by insurance. Only 14% of the 48 million Americans with hearing loss can afford hearing aids. Over-the-counter hearing aids are not meant for children or those with severe or profound hearing loss. Erin Marsh is a writer and yoga teacher from the Midwest. This is an opinion column. The thoughts expressed are those of the author. ...
Biden, Hong Kong, International, Politics, President Joe Biden

Biden says Hong Kong is’deteriorating,’ and the administration is set to release an advisory for US businesses on the situation

At a White House press briefing on Thursday, Biden said the situation in Hong Kong is "deteriorating." The White House is set to issue a business advisory — expected Friday — for US companies. China has been clamping down on Hong Kong's pro-democracy movement. See more stories on Insider's business page. At a White House press briefing on Thursday, President Joe Biden said the situation in Hong Kong is "deteriorating" and said the administration is set to issue a business advisory — expected Friday — "as to what may happen" in Hong Kong."Let me talk about the business advisory," Biden said. "The situation in Hong Kong is deteriorat...
Biden, Climate change, climate crisis, Merkel, Politics, Speed desk

Biden says US and Germany are launching climate and energy partnership

President Joe Biden announced that the US and Germany were planning to enter into a new climate and energy partnership. German Chancellor Angela Merkel's visited the White House on Thursday. He also addressed protests in Cuba. See more stories on Insider's business page. President Joe Biden revealed that the US and Germany are planning to enter into a new climate and energy partnership, an announcement made during German Chancellor Angela Merkel's visit to the White House on Thursday.—ABC News Live (@ABCNewsLive) July 15, 2021"Today, we're launching a climate and energy partnership to support energy security and the development of ...
Biden, CFPB, Economy, Education Department, Elizabeth Warren, FSA, Markets, Policy, Politics, Richard Cordray, Student Debt, Student Loans

Tackling student debt may have just gotten easier as 4 more advocates join Biden’s ranks

Four former Consumer Financial Protection Bureau employees just joined the Federal Student Aid office. The bureau, which Elizabeth Warren helped create, fights to protect student-loan borrowers. These new hires could help Warren's agenda in cancelling student debt for all borrowers. See more stories on Insider's business page. President Joe Biden may not have yet canceled student debt for every borrower, but new hires to his administration suggest the crisis could be inching up on his agenda.On Monday, the Education Department announced five new hires to the Federal Student Aid (FSA) office, four of which were former employees at t...
Biden, Iran, Iraq, Politics, Syria

GOP lawmakers say Biden hasn’t responded strongly enough to Iranian-backed attacks on US personnel at least 6 times last week in Iraq and Syria

Iran-backed militias waged multiple attacks on US personnel in Iraq and Syria, Reuters reported. In one of the at least six attacks, two US service members were injured. "Iran-backed militias' continued assault on US personnel in Iraq cannot be tolerated," GOP Sen. Jim Inhofe told Politico. See more stories on Insider's business page. Republican lawmakers said President Joe Biden is not responding strongly enough after attacks numerous against US personnel in Iraq and Syria by Iran-backed militias, Politico reported. In the past week, at least six rocket and drone attacks targeted US troops and diplomats. On Wednesday, for exampl...
Biden, coronavirus, Delta, Politics, Science

Desperate to get Americans vaccinated as the Delta variant spreads, Biden suggests a door-to-door vaccination effort

As the more transmissible Delta variant spreads throughout the US, President Joe Biden is scrambling to find ways to get more Americans vaccinated, including going door-to-door. In a press briefing on Tuesday, Biden said mass vaccination sites across the country are closing down, and now "we need to go to community by community, neighborhood by neighborhood, and oftentimes, door to door — literally knocking on doors — to get help to the remaining people protected from the virus."Experts have said communities with the least vaccination rates are more at risk of outbreaks caused by the more transmissible Delta variant, which originated in India. The variant may also be able to evade protection from existing vaccines, as Insider...