News

Biden cancels millions of student loans

Published

4 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

Iran live updates: Airlines face disruptions that surpass previous Middle East conflicts

Published

6 hours ago

March 3, 2026

Ahron Young

What’s happening in the Middle East?

Trump says U.S. strikes could last four to five weeks and described the operation as the last best chance to act, while Secretary of State Marco Rubio warns the hardest hits are yet to come
Six U.S. service members have been killed, additional American forces are being deployed to the region, and the White House says nine Iranian naval ships have been destroyed
Iran says it sees no limit to its right to self defence and will not negotiate, as missile and drone attacks continue across Israel, Lebanon and Gulf states
More than 500 Iranians have been killed in U.S. and Israeli strikes, with further deaths reported in Lebanon, Israel and the UAE
Shipping, aviation and energy markets have been severely disrupted, more than 11,000 flights have been cancelled, Gulf stock markets have closed temporarily, and oil and gas prices have surged amid Strait of Hormuz fears

News

Oil prices surge amid rising Middle East conflict risks

Crude oil surges 7% amid fears of Middle East conflict; Strait of Hormuz disruptions may push Brent over $100.

Published

6 hours ago

March 3, 2026

Harvey Vargas

Crude oil surges 7% amid fears of Middle East conflict; Strait of Hormuz disruptions may push Brent over $100.

Crude oil prices spiked dramatically as investors react to the growing risk of a wider conflict in the Middle East. U.S. crude surged 7.2 percent, trading near $71.84 a barrel, signalling heightened concern across energy markets.

The Strait of Hormuz, a critical shipping chokepoint, has come under intense scrutiny. Rising war-risk insurance premiums and suspended tanker traffic are already slowing the movement of oil, creating ripple effects in global supply chains.

JPMorgan has warned that prolonged disruptions over three weeks could force Gulf producers to reduce output, potentially pushing Brent crude prices to between $100 and $120 a barrel. Markets are closely watching for developments that could reshape global energy pricing.

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News

Trump warns of last opportunity to hit Iran as conflict escalates

Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.

Published

6 hours ago

March 3, 2026

Harvey Vargas

Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.

President Trump has declared this is the final opportunity to strike Iran as conflict intensifies across the Middle East, outlining four key military objectives including dismantling Iran’s missile capabilities and targeting its navy.

The U.S. says its mission is to prevent Iran from acquiring a nuclear weapon and to halt its alleged support for terrorist groups abroad, signalling a potentially prolonged campaign in the region.

Four U.S. troops have already been killed, with officials warning further casualties are possible as operations continue.

#Trump #Iran #MiddleEast

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