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Will Biden’s student debt plan backfire?

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Following the announcement of Joe Biden’s federal student debt plan, the U.S. President is facing questions over whether the move will only increase inflation

On Wednesday, Biden announced his administration will cancel at least $10,000 in federal student debt per borrower, while extending a payment freeze to the end of the year.

However, the move has frustrated some economists, who say it will only fan the flames of America’s 40-year high inflation.

Critics warn lifting student debt will enable borrowers to spend far more over a short period of time, driving up demand and, therefore, prices.

However, others disagree and say the stimulus will have little impact on consumer spending.

At the White House, the press secretary says fiscal responsibility is the President’s top priority.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Pink-coloured pigeon rescued in New York

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Pigeons come in a whole range of colours, but it seems pink isn’t one of them

That’s exactly what happened in New York though, where a bright-coloured bird was rescued.

Wildlife groups believe the pigeon was dyed as part of a gender reveal ceremony.

The feathery friend was suffering from malnutrition when it was found in Madison Square Park.

In a statement, the Wild Bird Fund says they should never be dyed because of risks like starvation and even death.

It went on to say the “poor bird has it bad enough unable to find food in the wild, fly well or escape predators.”

“But being a bright, unusual colour makes him even more of a target.”

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Iranian couple jailed for online dancing video

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An Iranian couple have been given jail sentences totalling 10 years after posting a video online.

 
The two individuals, both in their 20s, were charged for supposedly promoting corruption, prostitution and propaganda.

Authorities have been cracking down on public disobedience.

It follows the death of a woman who was detained by the country’s infamous morality police.

Mahsa Amini died in police custody in September last year, arrested for violating the rule requiring women to cover their hair with a hijab, or headscarf.

Anti-government protests swept across the country after the incident.

The two individuals in the dancing video were reportedly detained after posting the clip to their social media accounts – which have a combined following of more than two million people.

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Donald Trump claims deposition as “biggest witch hunt”

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Donald Trump has described the investigation into his company as the “biggest witch hunt” in the history of the United States during a formal deposition.

In September 2022, the New York Attorney General Letitia James, announced she would be looking into the Trump organisation’s business practices.

James alleges the former president “falsely inflated his net worth by billions of dollars to unjustly enrich himself and cheat the system”.

The lawsuit also takes aim at some of Trump’s children, and executives of his business.

During the deposition tape, Trump can be seen reading a lengthy statement.

During this, the former president asserts his constitutional right to not answer questions, while accusing James of investigating him out of political spite.

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