News

Biden cancels millions of student loans

Published

3 years ago

August 25, 2022

Joe Biden has forgiven millions of loans. This means the U.S. government will forgive $10,000 dollars in student loans for millions of college students across the country

It means the U.S. government will forgive $10,000 dollars in student loans for millions of college students across the country.

This was one of his promises during the 2020 campaign.

According to Reuters, on the one hand it could help the Democrats during the congressional elections in November but it could also lead to higher inflation. With Reuters further adding that Republicans in the U.S. Congress also inquired whether the President has the power to make such a move.

This change means billions of dollars now becomes available.

The U.S. President said that the act is for, quote “families that need them the most – working and middle class people hit especially hard during the pandemic”.

Since the COVID 19 outbreak, student loan payments were frozen by the U.S. government. And coming to this agreement, there was much speculation as to how much of the loans the Biden administration was willing to forgive. Some from the party even asked for as high as $50,000 dollars per person to be let off.

As to the Republican party, a majority came out against the proposal- saying it would be unfair because it won’t be equally helpful for higher earners.

This plan may help up to 40 million Americans, but remains politically divisive especially with the midterm elections just around the corner.

News

Israel and Hamas agree to landmark hostage deal

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

Published

10 hours ago

October 10, 2025

ticker NEWS

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

In a major diplomatic breakthrough, Israel and Hamas have agreed to release all remaining Israeli hostages under a U.S.-brokered framework. The deal pairs prisoner exchanges with an Israeli troop pullback and expanded aid access, marking a potential turning point in the two-year Gaza conflict.

The agreement, set for approval by Israel’s cabinet, could pave the way for lasting peace if both sides uphold the terms. It follows weeks of negotiations led by U.S. envoys and regional mediators in Egypt, Qatar, and Türkiye.

As international agencies prepare to facilitate aid and logistics, the world watches to see whether this fragile deal can hold and bring relief to millions affected by the war.

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News

Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Published

1 day ago

October 9, 2025

ticker NEWS

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness