A set of 2021 comments by then-House Speaker Nancy Pelosi (D-Calif.) ended up undermining President Joe Biden’s efforts to implement a student loan cancellation plan. On Friday, the U.S. Supreme Court ruled 6-3 that Biden could not excuse student debt repayments through the Higher Education Relief Opportunities for Students Act of 2003 (HEROES Act) or…
SCOTUS Cites Nancy Pelosi’s Own Words to Justify Blocking Biden’s Student Loan Forgiveness Plan
June 30, 2023
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Biden Administration Threatens to Veto GOP Move Against Student Loan Forgiveness
The White House announced that President Joe Biden would veto a Republican-led House measure that would halt the administration’s student loan forgiveness program. In a Statement of Administration Policy released on May 22, the White House expressed its disapproval of H.J. Res. 45, which would disapprove the student loan forgiveness plan that would have provided up to…
616,000 Public Employees Got Student Loan Forgiveness After Biden Loosened Rules
May 8, 2023
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Nearly 616,000 public-sector employees had their student loan debts forgiven after President Joe Biden’s administration temporarily loosened the rules on the Public Service Loan Forgiveness (PSLF) program beginning in October 2021, according to the U.S. Department of Education (DOE). The agency said that a total of $42 billion in loans have been forgiven under the Biden-era PSLF rules—a…
DOE: 616,000 Public Employees Got Student Loan Forgiveness After Biden Loosened Rules
May 8, 2023
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Nearly 616,000 public-sector employees have had their student loan debts forgiven since October of 2021 after President Joe Biden’s administration temporarily loosened the rules on the Public Service Loan Forgiveness (PSLF) program. The U.S. Department of Education (DOE) announced that in total, $42-billion-worth of loans have been forgiven under the Biden-era PSLF rules—a total that…
Capitol Report (Nov. 11): Trump Lashes Out at DeSantis Ahead of Major Announcement; McCarthy Speakership in Jeopardy?
November 11, 2022
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Republican House Leader Kevin McCarthy could face challenges to his bid in becoming speaker of the House. A congressman from within his own party is speaking out. Irregularities at a ballot counting center in Nevada are fueling concerns over election security. A former gubernatorial candidate in the state joins us to discuss Nevada’s elections. Three…
NTD Business (Nov. 11): Crypto Exchange FTX Files for Bankruptcy; Musk Warns Twitter May Not Survive
A federal court strikes down President Joe Biden’s student loan cancellation plan. But it isn’t over yet—the White House vows to keep fighting. Twitter updates: New owner Elon Musk is already warning employees that Twitter might not survive. Why? We bring you the latest on collapsed cryptocurrency exchange FTX and the background story of the…
Supreme Court Rejects Emergency Challenge to Biden’s Student Loan Forgiveness Plan
Supreme Court Justice Amy Coney Barrett on Thursday rejected an emergency challenge by a group of Wisconsin taxpayers to the Biden administration’s student loan forgiveness program. In a one-sentence order, Barrett denied the request, preventing it from going to the full bench. Barrett has jurisdiction over the lower court that ruled on the case. The Brown County…
Hurricane Ian Damage Likely Among the Worst; World Leaders React to Putin Annexation | NTD Business
Hurricane Ian is hitting South Carolina Friday, after leaving a path of destruction in Florida. President Joe Biden says it could be among the worst in U.S. history. There’s an unexpected beneficiary of Europe’s energy crises: Chinese companies that make electric blankets. The FDA approves a new drug for ALS, or Lou Gehrig’s disease. It could…
Judge Denies Lawsuit Challenging Biden’s Student Debt Cancellation Program
September 30, 2022
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A federal judge has denied a lawsuit filed by the Pacific Legal Foundation (PLF) challenging the Biden administration’s plan to forgive student loans after the Department of Education (DoE) made some clarifications on its website. The lawsuit was filed on behalf of public interest attorney Frank Garrison, a beneficiary of the congressionally authorized Public Service…
Student Debt Cancellation to Cost $379 Billion, Education Department Estimates
The U.S. Department of Education announced that it estimates the Biden administration’s program to cancel student debt to cost $379 billion, or about $30 billion a year over the next 10 years. The estimates are based on “highly uncertain assumptions about future economic conditions and participation rates,” the department noted. The Biden administration’s plan is set…
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