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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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Wall Street bets big on Fed rate cut

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Wall Street traders are increasingly confident the Federal Reserve will cut rates next week.

Fresh inflation data has showed prices edging higher but growth slowing, and with jobs, markets, and political pressure all in focus, the Fed’s decision could be pivotal for the economy.

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FBI hunts assassin who shot Charlie Kirk at Utah Valley University

Charlie Kirk, conservative influencer, shot dead at 31 during speech at Utah Valley University, prompting ongoing manhunt for suspect

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Charlie Kirk, conservative influencer, shot dead at 31 during speech at Utah Valley University, prompting ongoing manhunt for suspect

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In Short:
– Federal authorities are investigating the shooting of Charlie Kirk, who was killed at Utah Valley University.
– A manhunt for the actual shooter is underway; two men have been questioned and released without charges.
Federal authorities are investigating the shooting of conservative influencer Charlie Kirk, who was killed while speaking at Utah Valley University.
The incident occurred around 12:20 PM when Kirk was shot in the neck, leading to a chaotic scene as attendees fled. Kirk, a father of two, died shortly after being taken to a local hospital.Investigators believe the shooter fired from a building approximately 200 yards away.

During the aftermath, two men, one of whom claimed to have fired the shot, were taken into custody but later released without charges. A manhunt is ongoing for the actual shooter.

Utah Governor Spencer Cox stated that those responsible will be held accountable, outlining the state’s commitment to justice.

President Donald Trump condemned the political climate surrounding Kirk’s death, blaming extreme rhetoric and violence.

In a statement, he remembered Kirk as a patriot who advocated for open debate. Following the incident, vigils were held nationwide, and classes at the university have been cancelled.

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Ongoing Investigation

As investigations continue, American flags will fly at half-staff until Sunday in honour of Kirk.

“I want to be very clear that this is a political assassination,” Utah Governor Spencer Cox, a Republican, told a news conference.

“And I just want to remind people that we still have the death penalty here in the state of Utah.

The Utah Department of Public Safety said that its State Crime Lab was “working with multiple active crime scenes”.

“These were identified based on where the victim was shot, as well as the locations where the suspect and victim travelled,” a department statement said.

“The shooting is believed to be a targeted attack. The shooter is believed to have fired from the roof of a building down to the location of the public event in the student courtyard.”

Eyewitness account

Attendee Tiana Lao said the shooting came as a shock in what otherwise felt like an= normal event.

“We didn’t realise it was real at first and then everyone began rushing out, shouting to get down in panic and distress,” she told ABC News.

“People were excited. There were some opponents like there usually are at these events … but they were peaceful, so this was a total shock.”


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Who was Turning Point USA founder Charlie Kirk?

Conservative activist Charlie Kirk assassinated at Utah university, leaving a significant void in U.S. conservative politics. #BreakingNews

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Conservative activist Charlie Kirk assassinated at Utah university, leaving a significant void in U.S. conservative politics. #BreakingNews


Conservative activist Charlie Kirk has been assassinated while speaking at a Utah university, sparking shock and grief across America.

Known as the founder of Turning Point USA, Kirk became a leading voice in the MAGA movement, shaping conservative youth politics and energising Donald Trump’s base.

His sudden death leaves a major void in the U.S. conservative landscape.

#CharlieKirk #TurningPointUSA #USPolitics #BreakingNews #TickerNews


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