In his final weeks in office, President Biden’s administration announced an additional $4.28 billion in student loan forgiveness, benefiting 54,900 public service workers. This latest relief stems from improvements to the Public Service Loan Forgiveness program and brings the total forgiven under Biden’s presidency to nearly $180 billion for 4.9 million borrowers. Despite this significant action, broad-based student loan forgiveness initiatives have faced consistent legal challenges from Republicans.
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The Biden administration has approved an additional $4.28 billion in student loan forgiveness, benefiting 55,000 public service workers enrolled in the Public Service Loan Forgiveness (PSLF) program. This brings the total number of borrowers receiving debt relief under the Biden administration to nearly five million. These recent approvals, largely due to program simplification efforts, follow years of criticism regarding the PSLF program’s complexity. The administration cites this action as fulfilling its promise to ease the burden of student loan debt and create economic opportunities for millions of Americans.
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For those seeking a sophisticated holiday countdown, numerous exceptional adult advent calendars grace the 2024 market. These calendars offer a curated selection of high-quality treats, from gourmet chocolates and artisanal cheeses to beauty products and spirits, promising a delightful surprise each day. Options cater to diverse tastes and budgets, ensuring a festive experience tailored to individual preferences. This selection guides consumers toward the most enjoyable and memorable adult advent calendars available this year.
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Manhattan Judge Juan Merchan upheld former President Trump’s conviction on 34 felony counts of falsifying business records, rejecting arguments that a Supreme Court ruling on presidential immunity invalidated the verdict. The judge determined that the Supreme Court’s decision did not apply to Trump’s actions as a presidential candidate and private citizen, and that even if some evidence of official presidential acts was admitted, it did not affect the overwhelming evidence of guilt. While the ruling is subject to appeal, the judge found that the evidence presented did not infringe on executive branch authority. Trump’s legal team can still challenge the conviction on other grounds.
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Failure to pass a continuing resolution by Friday night risks a government shutdown. A House Republican short-term spending bill, including disaster relief, was rejected, largely due to opposition from Democrats who criticized its cuts to social programs and influence from Elon Musk and Donald Trump. Democrats argued the bill prioritizes the interests of billionaires over working people, leading to accusations of a government shutdown orchestrated by wealthy individuals. The rejected bill followed the Senate’s passage of an $895 billion military spending bill.
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President-elect Trump has threatened the European Union with tariffs unless it significantly increases its purchases of American oil and gas, citing a large trade deficit. This threat follows Trump’s first post-election trip abroad, and comes as the EU has strengthened its trade defenses against such coercive practices. The EU is already a major importer of US LNG and crude oil, but Trump’s “America First” approach signals potential significant trade disruptions. His past actions involving tariffs on steel and aluminum demonstrate his willingness to pursue protectionist policies. The EU has vowed a unified response to any aggressive trade actions from the incoming US administration.
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For adults seeking a festive countdown, a curated selection of the best advent calendars for 2024 offers a sophisticated alternative to traditional children’s options. These calendars feature high-quality, curated items ranging from gourmet treats to luxurious beauty products. Expect delightful surprises behind each door, promising a unique and enjoyable holiday experience. This guide highlights top contenders across various categories to help consumers find the perfect calendar to suit their preferences. Ultimately, the selection ensures a memorable countdown to Christmas.
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The House rejected President-elect Trump’s revised government funding plan, which included disaster relief and a debt ceiling suspension until January 30, 2027, by a vote of 174-235. This new proposal, championed by Trump and Speaker Johnson, significantly reduced the original bill’s size and eliminated provisions such as a congressional pay raise, following pressure from Elon Musk. The rejection constitutes a major setback for Trump and Johnson, who faced intense pressure from Trump to pass a revised bill before the government shutdown deadline of midnight Friday. The failure to pass the bill leaves the government facing a shutdown.
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Rep. Barbara Lee (D-CA) criticized President-elect Trump for seemingly taking orders from Elon Musk, referring to Musk as an “unelected president.” This assertion followed Musk’s public opposition to a spending bill, a post subsequently echoed by Trump on Truth Social. Several other Democratic legislators, including Sens. Bernie Sanders and Rep. Pramila Jayapal, have voiced similar concerns about Musk’s influence over the incoming administration. The situation highlights anxieties regarding Musk’s apparent power and the potential for oligarchic control over US policy.
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President-elect Trump expressed unexpected sympathy for Rep. Alexandria Ocasio-Cortez following her unsuccessful bid for a House Oversight Committee leadership position. Ocasio-Cortez herself acknowledged the surprising nature of Trump’s comment. Rep. Gerry Connolly secured the position, aided by Nancy Pelosi’s maneuvering, despite his recent esophagus cancer diagnosis. Ocasio-Cortez lost the vote by a significant margin of 131-84.
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John Q. Hosedrinker