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Debt relief as Biden forgives billions in student loans

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Biden cancels $10,000 of federal student loan debt for certain borrowers making less than $125,000 per year

After months of spirited debate, President Joe Biden has formally announced a federal student loan relief plan.

On Wednesday, the President said in White House remarks that the action is aimed at helping “families who need it the most.”

According to the details, borrowers who have loans with the Department of Education and make less than $125,000 a year are eligible for up to $20,000 in student loan forgiveness if they received Pell Grants for college.

Additionally, individuals who make less than $125,000 a year but did not receive Pell Grants are able to receive for $10,000 in loan forgiveness.

The Biden administration not only announced these plans but also said that undergraduate federal loans can cap their payment at 5% of their monthly income.

Another major initiative from the White House is news that they will extend the pandemic-era pause on student loan repayments until Dec. 31—just one final time.

Despite increasing the debt, Biden said he would ‘never apologize’ for helping the “middle class.”

During the afternoon address, the President also defended his administration’s move to restart frozen federal student loan payments at the end of the year, saying this is an “economically responsible course” that will prevent his targeted student loan cancellation from having a “meaningful effect on inflation.”

However, Senate Minority Leader Mitch McConnell slammed Biden’s announcement, saying that Democrats have “found yet another way to make inflation even worse, reward far-left activists, and achieve nothing for millions of working American families who can barely tread water.”

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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Google leads Australia media tax rankings

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

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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


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Trump eyes Middle East visit as Gaza ceasefire talks advance

Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.

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Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.


President Trump may visit the Middle East this weekend as Jared Kushner and envoy Steve Witkoff push for a Gaza ceasefire.

Recent Egypt talks and cooperation from Israel and Hamas raise hopes for a deal, with Turkey confirming progress.

#GazaCeasefire #TrumpMiddleEast #Kushner #PeaceTalks #IsraelHamas


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US government takes 10% equity in Trilogy Metals

U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.

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U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.


The U.S. government’s 10% stake in Trilogy Metals marks a shift from subsidies to direct ownership in strategic industries.

Experts say this approach aims to secure supply chains for AI, clean energy, and defense, reducing reliance on foreign sources for critical minerals and tech components.

#TrilogyMetals #USIndustry #CriticalMinerals #SupplyChainSecurity #AI #CleanEnergy #DefenseTech #IndustrialPolicy


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