White House announces $75B student debt cancellation to give 'breathing
room,' takes dig at House GOP
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White House announces $7.4B student debt cancellation to give 'breathing room,' takes dig at House GOP
The White House on Friday announced it's canceling an additional $7.4 billion in debt as part of the Biden administration's most recent attempt at widespread student loan forgiveness ahead of the election. The administration announced the handouts, targeted at an estimated 277,000 borrowers across the country, with the national debt topping $34.5 trillion. U.S. NATIONAL DEBT TRACKER: SEE WHAT AMERICAN TAXPAYERS (YOU) OWE IN REAL TIME Biden touted his Saving on a Valuable Education (SAVE) plan,...
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GOP lawmaker complaining about student debt relief gets a brutal reminder from White House
A Republican lawmaker complained about student loan forgiveness, only to have the White House remind him about his own forgiven debts.Oklahoma Rep. Kevin Hern (R) took to social media on Friday to complain about President Joe Biden's latest initiative. Specifically, Biden is reported to have cancelled about $7.4 billion more in student loan debt for 277,000 borrowers."Biden's debt transfer scheme puts the burden on taxpayers, forcing the 87% without loans to foot the bill for the 13% who do,"...
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White House: PPI Inflation Hitting 11-Month High 'Tempers' Worries, 'Inflation Has Been Coming Down'
On Thursday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey stated that the March PPI inflation data, which showed the highest level in almost a year, “tempers” worries in the wake of the