Reservations on the bill remain strong. The House of Representatives is expected to vote on a bill to suspend the debt ceiling Wednesday evening. The bill was negotiated…
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FTC Stops Student Loan Debt Relief Schemes
Debt relief scams conned student borrowers out of millions. The Federal Trade Commission (FTC) has stopped two companies falsely claiming affiliation with the Department of Education and deceiving…
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House Speaker Unveils Debt Limit Proposal
Debt ceiling would go up, and discretionary spending would come down. House Speaker Kevin McCarthy of California revealed a plan to increase the debt limit and cut government…
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Supreme Court Hears Appeal for Biden Student Loan Cancellation
Skeptical justices point to major questions doctrine. The Supreme Court heard arguments for the appeal from President Biden’s administration to reconsider the legality of President Joe Biden’s plan…
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Education Secretary Proposes Reducing Student Loan Debt
The president’s loan forgiveness program awaits its day in court. The Department of Education announced a new proposal to cut student loan payments on undergraduate loans by half…
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Supreme Court to Hear Student Loan Forgiveness Case
Oral arguments are scheduled for February. The Supreme Court announced that the justices would hear oral arguments in cases regarding President Biden’s student loan forgiveness plan and laws…
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Another Appellate Court Blocks Student Loan Forgiveness
Executive branch program said to exceed congressional delegation of legislative power. The Fifth Circuit U.S. Court of Appeals has upheld a U.S. District Court ruling that blocked President Biden’s…
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Federal Student Loan Repayment Pause Extended
Education secretary announces extension to provide relief from uncertainty as loan forgiveness is litigated. On Tuesday, the president’s administration extended the federal student loan repayment pause through June…
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Student Loan Forgiveness Ruled Unconstitutional
A federal judge determines the president’s plan violates the Constitution’s separation of powers. President Biden’s administration was sued by two Americans, with the support of a small business…
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National Debt Tops $31 Trillion for First Time
Government spending is identified as the cause. The Treasury Department reported America’s gross national debt has eclipsed $31 trillion for the first time, a financial milestone arriving just…
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