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Should You Plan for $50,000 In Student Loans Forgiveness?

Last week, President Biden asked the Department of Education to review his legal authority in using executive action to forgive student loan debt, which has renewed hope for many of the 45 million borrowers that collectively owe $1.7 trillion in student loans. But how should this affect your repayment strategy, and…Read more...
Tags: Politics, Money, Finance, Debt, Economy, Credit, Loans, Lifehacks, Biden, Debt relief, Student Debt, Department Of Education, Student Loan, Ron Klain, Business Finance, Zack Friedman


19 states have higher student-loan debt than annual budgets, report finds

ROBYN BECK/Contributor/Getty Images Student Loan Justice found 19 states have more student debt owed than the annual state budget. Georgia, Florida, and Missouri top the list, with debt of at least 140% of the budget in each state. Student Loan Justice Founder Alan Collinge said Biden must use his executive powers to cancel student debt. See more stories on Insider's business page. The student-debt problem numbers are massive: 45 million people owe $1.7 trillion. But another big numbe...
Tags: Congress, Senate, White House, Politico, Trends, Georgia, Joe Biden, Missouri, New Hampshire, Warren, Biden, Justice Department, South Carolina, Department Of Education, Schumer, Chuck Schumer


White House press secretary says Biden hasn't 'ruled out' canceling up to $50,000 in student debt

White House Press Secretary Jen Psaki. SAUL LOEB/AFP via Getty Images White House Press Secretary Jen Psaki addressed the president's stance on canceling student debt. In her Monday briefing, Psaki said the White House is open to cancelling up to $50,000 per person. However, she did not offer many specifics beyond that, including whether Biden supports it. See more stories on Insider's business page. White House Press Secretary Jen Psaki left the door open on Monday to a potential ...
Tags: Politics, Congress, White House, Trends, Joe Biden, Cnn, Biden, Student Debt, Department of Education and Department of Justice, White House Press, Jen Psaki, Ron Klain, Psaki, Jake Lahut, Getty Images White House Press, Jen Psaki SAUL LOEB


10 Things in Politics: Trump sees legal danger ahead

President Donald J. Trump meets with bank CEOs about Coronavirus COVID-19 response in the Cabinet Room at the White House on Wednesday, March 11, 2020 in Washington, DC. Jabin Botsford/The Washington Post via Getty Images Good morning! Welcome back to 10 Things in Politics. Sign up here to get this newsletter in your inbox each day. Send your tips and suggestions to [email protected] or tweet me @BrentGriffiths. Here's what you need to know:Trump and his advisors think he still ...
Tags: Florida, New York, Texas, Minneapolis, Congress, California, Washington Post, Washington, Senate, White House, US, Trends, Georgia, Cnn, Gop, Alaska


15 major labor unions want Biden to cancel all student debt for public service workers, report says

President Joe Biden. Mike Pont/WireImage/Getty Images 15 labor unions called on the DOE to fully cancel student debt for public service workers through executive action. They cited problems with the Public Service Loan Forgiveness program, in which 98% of applicants were rejected. This follows Biden's request for the DOE to prepare a memo on his authority to cancel up to $50,000 in debt per person. See more stories on Insider's business page. Student-debt cancelation was a major th...
Tags: White House, Massachusetts, Elizabeth Warren, Trends, Warren, Biden, DOE, Justice Department, Democratic, CFPB, Service Employees International Union, Consumer Financial Protection Bureau, Cardona, Public Service Loan Forgiveness, Ron Klain, PSLF


Biden wants to look into canceling student-loan debt, chief of staff Ron Klain says

Biden wants to look into canceling student-loan debt up to $50,000, the White House chief of staff, Ron Klain, said in a Politico...
Tags: White House, Biden, Ron Klain


Biden is looking into his 'legal authority' to cancel student loan debt, White House Chief of Staff Ron Klain told Politico

President Joe Biden speaks during a news conference in the East Room of the White House, Thursday, March 25, 2021, in Washington AP Photo/Evan Vucci President Joe Biden is looking into his "legal authority" to cancel student loan debt. Chief of Staff Ron Klain said Biden has asked Education Secretary Miguel Cardona to make a memo on the subject. He said the memo will look into both forgiving student loan debt and canceling it entirely. See more stories on Insider's business page. Pres...
Tags: Politics, News, Washington, White House, Politico, Trends, Joe Biden, Speed, Student Loans, Student Loan Debt, Biden, East Room, Evan Vucci, Ron Klain, Klain, Kelly McLaughlin


AOC and other progressive lawmakers privately met with White House officials to discuss the filibuster and minimum wage

Rep. Alexandria Ocasio-Cortez, D-N.Y., on Monday, August 24, 2020. Tom Williams/CQ-Roll Call, Inc via Getty Images/Pool White House chief of staff Ron Klain met privately with AOC and other progressives this week. According to a scoop by Axios, this meeting touched on the filibuster and minimum wage. This meeting signals the Biden administration's willingness to work with more progressive Democrats. See more stories on Insider's business page. White House chief of staff Ron Klai...
Tags: Congress, Senate, White House, Politico, Trends, House, Mitch McConnell, Biden, Aoc, Congressional Progressive Caucus, Ron Klain, Klain, Axios, Tom Williams CQ Roll Call Inc, Andy Levin, Alexandria Ocasio Cortez


10 Things in Politics: Buzz about Biden's SCOTUS pick

The US Supreme Court. Reuters Good morning! Welcome to 10 Things in Politics. Sign up here to get this newsletter in your inbox each day. I'm Insider politics reporter Oma Seddiq, filling in for Brent D. Griffiths (and his puns) today. Send me tips and pet pics at [email protected] - or tweet them to @omaseddiq.Here's what you need to know:Biden's potential first SCOTUS pick has legal insiders buzzing.The president is making big promises for the next 10 days.Four ways the s...
Tags: Politics, Supreme Court, Labor, Washington, Senate, White House, US, Barack Obama, Newsletter, Trends, Merck, Joe Biden, Paypal, Netflix, Pennsylvania, Peter Thiel


The White House says it will push for permanent $300 monthly child allowance checks

President Joe Biden speaks White House officials meet with business leaders to argue for the passage of the American Rescue Plan in the Oval Office at the White House. Pete Marovich-Pool/Getty Images President Joe Biden wants to see his temporary child allowance become permanent. Chief of staff Ron Klain said ending child poverty is "an important objective for us." It will send up to $3,600 a year to parents with kids under 6 and up to $3,000 annually to those with kids between 6-17. See m...
Tags: Utah, Politics, News, Washington, White House, America, Trends, Joe Biden, House, Biden, Msnbc, Oval Office, Mehdi Hasan, Child Tax Credit, Suzan Delbene, Ron Klain


United States: Former Ebola Czar Boosts Biden's Covid Response Coordination - Morrison & Foerster LLP

David Newman spoke to Bloomberg Law about President-elect Joe Biden's decision to name Ron Klain, who led the nation's Ebola response in 2014 and 2015, as his chief of staff.
Tags: News, Joe Biden, United States, Biden, Morrison, David Newman, Ron Klain, Foerster LLP, Bloomberg Law


House Democrats kick off work on an infrastructure package after enacting Biden's stimulus plan

Speaker Nancy Pelosi. Tom Williams/CQ-Roll Call, Inc via Getty Images House Democrats announced Friday they are starting work on an infrastructure package. Pelosi said she hoped talks would be bipartisan on climate, broadband, and transportation issues. Hammering out a bill may end up requiring a lengthy stretch of negotiations. See more stories on Insider's business page. House Democrats said on Friday afternoon they have officially started work on an infrastructure package, kicking o...
Tags: Congress, Senate, White House, Massachusetts, US, West Virginia, Trends, House, Nancy Pelosi, Biden, Pelosi, House Ways and Means Committee, Sen Joe Manchin, Richard Neal, Ron Klain, CQ Roll Call Inc


Marjorie Taylor Greene falsely claims 'all those illegals' are celebrating with 'big barbacoas' on the border while thousands of migrant children are being detained

Rep. Marjorie Taylor Greene wears a "Free Speech" face mask as she walks through the halls of Congress, tailed by reporters, on February 2, 2021. Salwan Georges/The Washington Post via Getty Images Rep. Marjorie Taylor Greene falsely accused undocumented immigrants of hosting "big barbacoas" at the border. She is echoing GOP talking points raising alarm about the influx of migrants crossing the border. The Biden administration is reversing many of Trump's harsh anti-immigrant policies...
Tags: Politics, News, Congress, Washington Post, Mexico, US, Trends, Georgia, Joe Biden, Gop, Border, Republican, Biden, Immigrants, Donald Trump, Trump


Biden wants every US adult vaccine-eligible by May 1

By Zeke Miller | Associated Press WASHINGTON — One year after the nation was brought to a near-standstill by the coronavirus, President Joe Biden is outlining his plan Thursday evening to make all adults vaccine-eligible by May 1 and get the country “closer to normal” by the Fourth of July. He’s using his first prime-time address to offer Americans fresh hope and appeal anew for their help. Speaking in the White House East Room, Biden will announce moves to speed vaccinations, including directin...
Tags: Congress, California, Washington, Senate, White House, US, Sport, Joe Biden, Soccer, House, Fema, Who, World Health Organization, Associated Press, Lausd, Biden


President Biden signs $1.9T relief stimulus bill into law

By Jeff Mason | Reuters WASHINGTON – President Joe Biden signed his $1.9 trillion stimulus bill into law on Thursday, commemorating the one-year anniversary of a U.S. lockdown over the coronavirus pandemic with a measure designed to bring relief to Americans and boost the economy. The Democratic-led U.S. House of Representatives gave final congressional approval to the measure on Wednesday, handing the Democratic president a major victory in the early months of his term. “This historic legislati...
Tags: Business, Politics, News, Washington, White House, Atlanta, Sport, Joe Biden, Soccer, Pennsylvania, United States, Biden, Donald Trump, Trump, Reuters, Democratic


Here's what will likely be in the massive, multi-trillion dollar infrastructure bill Democrats want to pass

President Biden. Jabin Botsford/The Washington Post via Getty Images With a COVID-19 relief package out of the way, Biden is setting his sights on an infrastructure bill. Some Democrats are reportedly discussing spending as much as $4 trillion on the package. The bill will likely be climate-oriented and emphasize foreign competitiveness. See more stories on Insider's business page. Now that President Joe Biden has secured his first major legislative victory - the passage of a $1.9 tril...
Tags: Politics, News, Congress, Washington Post, Senate, White House, China, Virginia, US, America, West Virginia, Trends, Joe Biden, Economy, Policy, Infrastructure


Biden will sign the $1.9 trillion American Rescue Plan on Thursday, a day ahead of schedule

President Joe Biden at the White House. Oliver Contreras-Pool/Getty Images Biden will sign the $1.9 trillion COVID-19 stimulus package on Thursday, a day ahead of schedule. The House passed the landmark legislation on Wednesday after narrow approval in the Senate. Biden will sign the legislation ahead of his first primetime address as president. See more stories on Insider's business page. President Joe Biden is set to sign the $1.9 trillion American Rescue Plan, his first major leg...
Tags: Politics, Congress, Senate, White House, Trends, Joe Biden, Maine, House, House Of Representatives, US Senate, Biden, Stimulus, Congressional, Kevin McCarthy, Ron Klain, Senate Biden


Sen. Lindsey Graham fear-mongers about migrant children crossing the US-Mexico border and baselessly claims they could become 'terrorists'

Sen. Lindsay Graham on Fox host Sean Hannity's Tuesday night program. Screenshot/Fox News Graham told Hannity that migrant children crossing the US-Mexico border could become "terrorists." There's no evidence to support Graham's claim that ISIS has or will infiltrate the Southern border. He argued that the Biden administration should return to Trump's "remain in Mexico" policy. Visit the Business section of Insider for more stories. Sen. Lindsey Graham, a South Carolina ...
Tags: Politics, Isis, News, Mexico, White House, Immigration, US, Trends, Joe Biden, Fox, Gop, Fox News, Al Qaeda, Graham, The New York Times, Biden


10 Things in Politics: Mayor Pete's trying to make DOT cool

Transportation Secretary Pete Buttigieg. Alex Wong/Getty Images Good morning! Welcome back to 10 Things in Politics. We have an incredible range of exclusive reporting from my colleagues today. I'm Brent Griffiths. Don't miss the best of Insider's political coverage! Sign up here to get this newsletter in your inbox each day.Send your tips and thoughts to [email protected] or tweet me @BrentGriffiths.Here's what you need to know:Inside Secretary Pete's quest to make the Transportati...
Tags: Transportation, Elon Musk, Politics, New York, Congress, Colorado, Washington, Senate, White House, Iraq, US, Newsletter, Trends, Getty Images, Wyoming, Iowa


Trump made Twitter the White House's spiked-ball cudgel. Ron Klain wants to change that

The White House chief of staff is a prolific poster, though the content and purpose is hardly Trump-like.
Tags: White House, Trump, Ron Klain, Twitter the White House


Biden hit with first Cabinet defeat as White House withdraws Neera Tanden nomination for budget chief

Neera Tanden. Andrew Harnik/Pool/AFP via Getty Images Biden's pick to head the White House budget office withdrew on Tuesday. Sen. Joe Manchin came out in opposition to Neera Tanden's nomination, jeopardizing her path forward in an evenly divided Senate. Tanden sparked controversy because of her heated attacks on Republicans — and some on the left, too. Visit the Business section of Insider for more stories. President Joe Biden was hit with his first cabinet defeat on Tuesday as his pick t...
Tags: Utah, Congress, Washington, Senate, White House, West Virginia, Trends, Joe Biden, Cnn, Gop, Hillary Clinton, Maine, Arkansas, Alaska, Mitt Romney, Ohio


Tanden withdraws her name from OMB consideration

By Alexandra Jaffe | Associated Press WASHINGTON — President Joe Biden’s pick to head the Office of Management and Budget, Neera Tanden, has withdrawn her nomination after she faced opposition from key Democratic and Republican senators for her controversial tweets. Her withdrawal marks the first high-profile defeat of one of Biden’s nominees. Eleven of the 23 Cabinet nominees requiring Senate approval have been confirmed, most with strong bipartisan support. “Unfortunately, it now seems clear t...
Tags: Congress, California, Washington, Senate, White House, Sport, Joe Biden, Soccer, Alaska, Bill Clinton, Capitol Hill, Biden, Gene Sperling, Vermont, Collins, Cabinet


23 progressive Democrats including AOC urge Biden to overrule top Senate official and keep a $15 minimum wage in the stimulus package

Reps. Alexandria Ocasio Cortez and Ro Khanna. Tom Williams/CQ-Roll Call Inc. via Getty Images House progressives are urging Biden to overrule a Senate official and keep a $15 minimum wage in the stimulus plan. The effort is led by Rep. Ro Khanna, but signatories include Rep. Alexandria Ocasio-Cortez. "If we don't overrule the Senate parliamentarian, we are condoning poverty wages for millions of Americans," Khanna said. Visit the Business section of Insider for more stories. A group of Hou...
Tags: Politics, New York, Minnesota, Republicans, Congress, California, Washington, Oregon, Senate, White House, West Virginia, Trends, Markets, Joe Biden, Minimum Wage, Economy


GOP says Ron Klain pulling Biden strings

Republicans are attacking White House chief of staff Ron Klain as “the guy behind the curtain” and “Prime Minister Klain” as they try to...
Tags: White House, Gop, Biden, Ron Klain, Klain


Biden's chief of staff emerges as a force behind the scenes

Unusually visible, involved in practically everything, and free in sharing his opinions on what has become the new administration's must-follow Twitter feed, White House chief of staff Ron Klain has emerged as the building's most central figure aside from the President himself.
Tags: News, White House, Stories, Biden, Ron Klain


Ron Klain emerges as a force behind the scenes -- and on Twitter

Unusually visible, involved in practically everything, and free in sharing his opinions on what has become the new administration's must-follow Twitter feed, White House chief of staff Ron Klain has emerged as the building's most central figure aside from the President himself.
Tags: White House, Cnn, Ron Klain


White House pitches Biden's Covid bill as bipartisan

Chief of staff Ron Klain is citing broad public support in national surveys to sell the president's relief package as bipartisan and unifying.
Tags: White House, Biden, Ron Klain


Klain on Manchin's objection to Neera Tanden: He 'doesn't answer to us at the White House'

White House Chief of Staff Ron Klain said he “respects” Sen. Joe Manchin’s (D-W.Va.) right to oppose the nomination of Neera Tanden to...
Tags: White House, Va, Manchin, Sen Joe Manchin, Ron Klain, Klain, Neera Tanden


The White House's suspension of Deputy Press Secretary TJ Ducklo falls short of Biden's promise to fire anyone who treats colleagues with disrespect

President Joe Biden Bill O'Leary/The Washington Post via Getty Images President Joe Biden is already being tested on one of his actual "day one" promises. On Jan. 20, Biden said he would fire anyone who disrespects a colleague — "No ifs, ands, or buts." On Friday, the WH deputy press secretary was suspended for misogynist threats against a reporter. Visit the Business section of Insider for more stories. The Biden White House is facing its first PR crisis, and one of the president's da...
Tags: Politics, Washington Post, White House, Politico, Trends, Joe Biden, Cnn, Analysis, Biden, Vanity Fair, Tapper, Palmeri, Politico Playbook, Jen Psaki, Ron Klain, Psaki


Biden administration explores sending face masks to all Americans

'We want to get this back on track,' White House Chief of Staff Ron Klain said.         [Author: USA TODAY]
Tags: Usa, News, White House, Biden, Usa Today, Ron Klain