The Problem: The Supreme Court’s Rejection of President Biden’s Student Debt Cancellation Plan I support the Supreme Court’s decision to not place the burden of student loan debt on taxpayers (“Authority not Joe’s a ‘loan’,” July 1). During my college years, my family couldn’t afford to send me to college. However, we managed to send …
The problem of energy disconnections persists, with over two million individuals encountering monthly disconnections from their energy provider. Shockingly, one in five people have experienced disconnections within the last year, enduring at least 24 hours without gas or electricity, according to a report from a charitable organization. In the past year alone, the organization has …
The Biden administration’s attempt to cancel student loans has been halted by the Supreme Court. This was a reckless and regressive policy that was unlawfully implemented. It was nothing more than a pre-election gift to college-educated voters and it’s good to see it come to an end. Additionally, Congress, including some Democrats, have formally opposed …
Stuyvesant High School in lower Manhattan has taken a pioneering step by introducing a yearlong personal-finance course for its students. This program is unique within the New York City public-school system and is one of the few available nationwide. While some US schools touch upon financial literacy, there is a lack of comprehensive yearlong programs. …
According to court documents, Martin Shkreli, the notorious “Pharma bro,” is also a deadbeat. Financial services firm Marks Paneth claims that he owes them nearly $1.7 million, as stated in a filing with the Manhattan Supreme Court. Shkreli, the former pharmaceutical executive who was sentenced to seven years in prison in 2017 for securities fraud …
President Biden’s student loan forgiveness initiative has been deemed illegal and unconstitutional by the Supreme Court. The court ruled that the executive branch does not possess the authority to invalidate contracts. It is evident that Congress must clearly state its intentions before a department secretary can unilaterally alter significant aspects of the American economy, as …
The latest official figures reveal that Britain’s benefits bill has propelled public borrowing to record levels for the month of May, even outside of lockdown. This has resulted in the UK’s debt share surpassing the size of the economy for the first time since 1961. In May, the government borrowed £20 billion to bridge the …
Another debt crisis is looming in Europe. Greece urgently needs European creditors to release funds from a 2015 bailout agreement in order to fulfill its debt obligations. However, officials are at odds, raising concerns among investors and leading to demands for higher returns on Greek debt. To make matters worse, the International Monetary Fund has …
The looming possibility of a national default has the White House and Congress in urgent talks, with little progress being made so far. The debt ceiling has been a contentious issue for months, and President Joe Biden had previously maintained that it was not a bargaining tool. However, recent negotiations with Republicans have seen the …
President Biden and House Speaker Kevin McCarthy have agreed in principle on raising the nation’s debt limit, but the final approval rests in Congress’ hands. The deal has already received pushback from both progressive Democrats and ultra-conservatives, and failure to secure votes from members of their own parties by the June 5 deadline could result …