‘Doesn’t matter’: Democrats reject GOP’s debt limit demands
The official Republican party position “I don’t care,” said Senator Chris Murphy (D-Conn.). “We’re not negotiating the debt ceiling.” Republican leaders respond that they do … Read more
debt
Want to Fix the Racial Wealth Gap? Start By Canceling Student Debt.
Students protest the rising cost of student loans for higher education on Hollywood Boulevard on September 22, 2012 in the Hollywood section of Los Angeles, … Read more
$50K of student loan forgiveness would wipe out federal debt for 36M, new data shows
Key context: Warren and other Democrats, including Senate Majority Leader Chuck Schumer, have urged President Joe Biden to use executive power to cancel student loan … Read more
Unions demand Biden cancel student debt for public service workers
“The COVID-19 pandemic underscores the need for immediate action,” the unions wrote in a letter to Cardona shared with POLITICO. “Public service workers who should … Read more
People expect to be paying back Covid debt for next 35 years
According to new research, people in the UK are expecting to pay back the Covid debt for the next 35 years. 43% of taxpayers say … Read more
IRS partially shields some stimulus payments from debt reductions
Those who received the “clawback rebate” credits would reduce their loans to meet unpaid federal and state taxes, social security and veteran affairs debts, student … Read more
What Joe Biden Gets Totally Wrong About Student Debt
President Joe Biden stands on stage during a break from a televised town hall event at the Pabst Theater in Milwaukee on Tuesday, February 16, … Read more
Biden balks at taking executive action to cancel student loan debt
“We will wait for that conclusion before a final decision is made,” said Psaki. The schedule offered is the latest indication of the White House’s … Read more
Single parents forced into debt to cover childcare costs because of cash crisis
Single parents are more likely to live in debt and many are forced to borrow money, new research shows. StepChange, the gingerbread and debt relief … Read more
One in three new UC claimants fall further into debt, economists warn
Almost a third of the people who have used Universal Credit (UC) since the coronavirus pandemic began have taken on additional debt, according to an … Read more
