Two Metro Vancouver homeowners have come forward with new allegations against a local renovator accused of faking cancer to avoid repaying a debt, saying they are also owed money after handing over hefty sums for projects that have not been completed.
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Get the facts on the debt ceiling. The debt ceiling is *** cap on how much the country can borrow to pay for what’s already been spent. This is like paying off your credit card with money you’re borrowing from someone else. It’s not *** green light to spend more. Over the years, both parties have contributed to the rising debt with massive. packages and tax cuts. The US spends more than it brings in, so most of that is paid for by borrowing money. If the amount the government owes hits the ceiling, we default, which is why Congress is constantly lifting or waiving the limit. Defaulting on the debt has some real life consequences as well. The Treasury has to start pinching pennies. That means people relying on Social Security or veterans benefits don’t get the money they’re owed. Even some of your interest payments could go up on things like car loans or mortgages. While most major countries borrow to pay for programs, the United States is only one of *** few to have this type of limit. Some economists say we could get rid of it altogether or at least change the rules so it’s *** financial decision, not *** political one, helping you get the facts. I’m Kayla Norwood.
President Joe Bidens administration has started to withdraw pending regulations that wont be finalized by the time he leaves office
President Joe Bidens administration has started to withdraw pending regulations that wont be finalized by the time he leaves office
Biden is scrapping pending regulations to prevent President-elect Trump from retooling them to achieve his own aims – starting with widespread student loan relief.
Dave, which makes money by extending loans to cash-strapped Americans, is emblematic of a larger shift that’s still in its early stages, analysts say.
Biden is scrapping pending regulations to prevent President-elect Trump from retooling them to achieve his own aims – starting with widespread student loan relief.
President Joe Bidens administration has started to withdraw pending regulations that wont be finalized by the time he leaves office
President Joe Bidens administration has started to withdraw pending regulations that wont be finalized by the time he leaves office
WASHINGTON (AP) President Joe Biden is abandoning his effort to cancel student loans for more than 38 million Americans, the first step in an administration-wide plan to jettison pending regulations to prevent President-elect Donald Trump from retooling them to achieve his own aims. The White House expects to pull back unfinished rules across several
President Joe Bidens administration has started to withdraw pending regulations that wont be finalized by the time he leaves office.
The Biden administration is canceling federal student loans for another 55,000 workers through an existing program known as Public Service Loan Forgiveness.Related video above: Biden works to cement legacy during final month in officeThe Education Department’s announcement Friday targets teachers, nurses, service members, law enforcement officials and others who’ve reached eligibility through the program, which promises to erase loans after 10 years of work in government or nonprofit jobs.The $4.28 billion in relief is expected to be the final round of public service loan forgiveness before President Joe Biden leaves office in January. After failing to deliver his promise of widespread loan cancellation, Biden has instead focused on expanding loan relief through programs that were created before his presidency.Under Biden, the Education Department loosened the rules for Public Service Loan Forgiveness, which previously had a 99% rejection rate amid burdensome rules and widespread confusion over eligibility requirements.With the latest round of relief, Biden has now canceled an unprecedented $180 billion in federal student loans through existing programs, covering 4.9 million Americans. That includes $78 billion for roughly 1 million borrowers through PSLF.”From Day One of my Administration, I promised to make sure that higher education is a ticket to the middle class, not a barrier to opportunity,” Biden said in a statement. “Because of our actions, millions of people across the country now have the breathing room to start businesses, save for retirement, and pursue life plans they had to put on hold because of the burden of student loan debt.”Still, the Democrat has fallen short of his goal to deliver widespread relief to millions of other Americans. Biden’s first attempt at mass cancellation was blocked by the Supreme Court, and his second attempt remains tangled in a legal battle brought by Republican states.In October, he proposed another rule that would cancel loans for people facing various kinds of financial hardship, though it’s unlikely to take effect.Trump hasn’t detailed student loan plans for his second term, but on the campaign trail, he called Biden’s cancellation plans illegal and “vile.” Republicans in Congress have slammed Biden over his cancellation work, saying it unfairly transfers the burden to taxpayers who didn’t go to college or already repaid their loans.___The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.