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President Biden to Make Major Announcement on Student Loan Debt Repayment and Forgiveness

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President Joe Biden will return from vacation Wednesday to deliver a major announcement on student loan debt repayment and forgiveness, a campaign promise he reportedly has been trying to deliver on while balancing with increased inflation.

“The substance of the announcement is not yet clear and is being closely guarded by the White House, which did not immediately respond to a request for comment,” says Bloomberg News. “President Joe Biden’s decision has been long anticipated as he grapples with delivering targeted relief while weighing any fallout, including on already-rampant inflation.”

The President is expected to announce he is extending his pause on repayment of student loans for at least another four months, which would continue the program through the end of this year.

The move “would bring the freeze beyond the midterm elections, in which Democrats are hoping to stave off a loss of their slim House and Senate majorities.”

Biden is also expected to announce “some measure of debt forgiveness for borrowers whose income falls below a certain threshold.”

READ MORE: FDR, JFK, and LBJ: White House (Finally) Takes (Cautious) Victory Lap on Biden’s (Huge) Successes

“For months, Democratic lawmakers, labor leaders and civil-rights groups have been pressuring the White House to forgive more than $10,000 in student debt, arguing higher debt loads are disproportionately carried by Black or lower-income students,” Bloomberg notes. “During the 2020 presidential campaign, Biden himself urged Congress to forgive $10,000 in student debt and has appeared comfortable with that figure.”

NBC News goes farther, reporting that President Biden “is expected to cancel $10,000 per borrower making $125,000 a year or less.”

“White House chief of staff Ron Klain on Friday spoke with Senate Majority Leader Chuck Schumer, D-N.Y., Sen. Elizabeth Warren, D-Mass., and Sen. Raphael Warnock, D-Ga., asking them to ‘do as much as they can’ on this issue, according to a source familiar with the call,” NBC News adds. “All three senators have been vocal supporters of widespread student debt cancelations.”

Democratic U.S. Rep. Bonnie Watson Coleman of New Jersey Monday evening told SIRIUSXM Progress’ Dean Obeidallah the administration had something in the works.

MSNBC also reported the news on-air minutes ago.

 

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BREAKING NEWS

Jim Jordan Waging ‘Purely Political Attack’: Demands Bragg Testify Before Congress Over Expected Trump Indictment

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7 hours ago

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March 20, 2023

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In an unprecedented move House Republican Judiciary Chairman Jim Jordan is demanding Manhattan District Attorney Alvin Bragg testify before Congress over his expected indictment of Donald Trump. Bragg, officially the New York County District Attorney, is an elected official whose office was created under the New York State Constitution and does not answer to Congress.

Professor of law and former U.S. Attorney Joyce Vance quickly blasted Jordan’s move, saying: “what jurisdiction does Congress have over a DA elected by Manhattanites? Sure, Jordan will talk about fed’l funding, but this is a purely political attack on local gov’t.”

Earlier Monday, reacting to Speaker Kevin McCarthy’s remarks, Vance said: “It’s not up to House Republicans to review Manhattan DA Alvin Bragg’s conduct. It’s up to Manhattan voters. If Trump is indicted, a jury will decide whether there’s sufficient evidence to convict. The GOP continues to undercut our democratic institutions to serve Trump.”

Jordan’s letter, he writes to Bragg: “In light of the serious consequences of your actions, we expect that you will testify about what plainly appears to be a politically motivated prosecutorial decision,” according to a Fox Corp. article. The website also says it was signed by two other Republicans: House Oversight Committee Chair Jim Comer and House Committee on Administration Chair Brian Steil. None have any oversight authority on the Office of the Manhattan District Attorney.

READ MORE: Trump Files Sweeping Legal Motion to Try to Block Georgia Grand Jury Findings and District Attorney Fani Willis

“Jordan warned Bragg that if news reports of a possible Trump indictment are accurate, Bragg’s actions ‘will erode confidence in the evenhanded application of justice and unalterably interfere in the court of the 2024 presidential election,'” Fox adds.

“The legal theory underlying your reported prosecution appears to be tenuous and untested,” Jordan wrote. He also attacked former Trump attorney Michael Cohen, who has testified extensively in the case before the grand jury.

Just before leaving office Trump awarded Jordan the Presidential Medal of Freedom.

According to former Trump White House aide Cassidy Hutchinson who testified publicly and privately before the U.S. House Select Committee on the January 6 Attack, Jordan discussed pardons with the White House for Republican Members of Congress, although she says he did not ask for one himself. Jordan also defied a subpoena from the January 6 Select Committee.

In a Monday morning interview with Fox Corp.’s Harris Faulkner, Jordan falsely describes Trump’s hush money payment to adult film actress and director Stormy Daniels as “some alleged bookkeeping error.” The expected charges have neither been voted on by the grand jury nor announced.

“Charges in NY are expected to involve false business records created to conceal Trump’s payment of hush money to Stormy Daniels but there are possible charges involving manipulating property values for tax, loan & insurance advantages,” Vance also  said Monday.

READ MORE: ‘RICO’: Trump Could Be Facing Racketeering and Conspiracy Charges Used to Prosecute Organized Crime

Watch video of Jordan discussing the letter and see the letter itself below or at this link:

 

 

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BREAKING NEWS

Trump Files Sweeping Legal Motion to Try to Block Georgia Grand Jury Findings and District Attorney Fani Willis

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8 hours ago

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March 20, 2023

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Attorneys for Donald Trump Monday morning filed a sweeping 483-page legal motion asking a Georgia court to block any report from the Fulton County special grand jury and any evidence the grand jury may find, and to force District Attorney Fani Willis to recuse in the investigation into his unlawful attempts to overturn the 2020 presidential election results in that state.

The Daily Beast’s Jose Pagliery first reported the filing. The Atlanta Journal Constitution also reports Trump’s attorneys have filed the motion.

Lawfare Blog’s Anna Bower, who has been covering the Fulton County case, calls the filing “mammoth.”

The news comes just hours after reports District Attorney Willis could be considering RICO, or conspiracy and racketeering charges against Trump.

READ MORE: ‘This Man Is a Criminal’: George Conway Busts GOP’s ‘Completely Ridiculous’ Trump Defense

This is a breaking news and developing story. 

Image via Shutterstock

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BREAKING NEWS

Local, State, Federal Law Enforcement Preparing for Possible Trump Indictment ‘As Early as Next Week’: Report

Published

3 days ago

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March 17, 2023

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Local, state, and federal law enforcement and security agencies are preparing for a possible indictment of Donald Trump, as early as next week, including “conducting preliminary security assessments” according to an exclusive report from NBC News.

Officials “are discussing potential security plans in and around the Manhattan Criminal Court, at 100 Centre Street, in case Trump is charged in connection with an alleged hush money payment to Stormy Daniels and travels to New York to face any charges.”

The grand jury is expected to meet on Monday, and could potentially vote on whether or not to indict Trump that day. It will be up to Manhattan District Attorney Alvin Bragg to decide if Trump will be charged, and what those charges would be.

The NBC News report appears to focus on New York City, stating the NYPD, New York State Court Officers, U.S. Secret Service, FBI Joint Terrorism Task Force, and the Manhattan District Attorney’s Office are among those preparing for the possibility of an indictment, which would be the first in this nation’s history of a former President.

On Wednesday, professor of law and former U.S. Attorney Barb McQuade told MSNBC’s Stephanie Ruhle, “I think an indictment probably is feeling like next week might be the time.”

 

This is a breaking news and developing story.

Image via Shutterstock

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