The Supreme Court has blocked President Joe Biden's plan to provide student loan debt relief to more than 40 million borrowers, prompting the president to announce a new 12-month "onramp repayment program" and explore other options for relief. Democrats are vowing to continue to fight for student loan debt relief, with Senate Majority Leader Chuck Schumer (D-N.Y.) promising, "We will not give up on this fight."
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ESPN has announced a round of job cuts that includes some well-known on-air personalities, such as Jeff Van Gundy, Suzy Kolber, Keyshawn Johnson, and Jalen Rose. The cuts are part of ESPN's effort to identify cost savings and prevent further reductions to off-air staff due to the economic downturn caused by the coronavirus pandemic. The layoffs of these personalities is a sign of the difficult times the network is facing.
The Supreme Court ruled Friday that President Joe Biden's student loan debt forgiveness plan is unconstitutional, with Chief Justice John Roberts employing a "major questions" argument to nix usual court deference to executive branch agency. This means that the 26 million Americans who signed up for the debt forgiveness program will no longer have their debt partially or fully wiped away. The ruling has been met with criticism from both sides of the aisle and it remains to be seen how the Biden administration will respond to the ruling.
The Supreme Court has ruled 6-3 against President Joe Biden's student loan debt relief plan, denying relief to 40 million Americans who stood to have up to $20,000 in student debt wiped away. The ruling invalidates the president's plan to forgive nearly half-a-trillion dollars in student loan debt, and is a major setback for Biden's promise to provide relief to millions of Americans struggling with student loan debt. The decision means that millions of Americans will continue to be burdened with student loan debt.
Kouri Richins, author of a children’s book about coping with grief, is facing a lawsuit in Utah state court for allegedly poisoning her husband and committing financial wrongdoing before and after his death. The lawsuit, filed by her late husband's sister, seeks over $13 million in damages for the financial losses suffered by Eric Richins’ family and punitive damages for Richins’ alleged actions. Richins has not yet commented on the lawsuit and a court date has not yet been set.
Florida Governor Ron DeSantis has proposed closing four federal agencies - Education, Commerce, Energy, and IRS - if he is elected president, in order to reduce the size of government and push back against "woke ideology" and "leftism". The proposal has been met with mixed reactions, with supporters arguing it would reduce costs and critics arguing it could lead to job losses. DeSantis has vowed to use the agencies to push back against "woke ideology" if Congress does not go along with his plan.
President Joe Biden delivered a major economic speech in Chicago on Wednesday, touting his administration's efforts to spark recovery after Republican policies had crushed America's middle class. A new poll from The Associated Press-NORC Center for Public Affairs Research showed that only one in three U.S. adults approve of Biden's economic leadership, which is even lower than his overall approval rating. Biden will continue to push his economic agenda and make the case for why his policies are the best way forward for the country.
This article discusses a new report from the Small Business Administration (SBA) which reveals that over $200 billion in federal aid to small businesses during the pandemic may have been given to fraudsters. The SBA Office of Inspector General found that the agency weakened or removed certain requirements to distribute the funds quickly, allowing fraudsters to take advantage of the situation. The SBA has since implemented measures to prevent fraud and is encouraging small business owners to report any suspicious activity to the SBA Fraud Hotline.