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NY’s $7.7B in handouts for film industry come under scrutiny

New York state's $7.7 billion in benefits to its film industry came under scrutiny Wednesday. State lawmakers took note of new analysis showing taxpayers aren't getting the best return. An independent analysis of the film production tax credit conducted by a Philadelphia-based consulting firm found that about $700 million a year in lost revenue is […]

Biden Admin Cancels $7.7B Student Debt For 160K Borrowers

U.S. President Joe Biden speaks about the PACT Act, which expands coverage for veterans exposed to hazardous substances, at the Westwood Park YMCA in Nashua, New Hampshire, on May 21, 2024. (Photo by Mandel NGAN/AFP) ) (Photo by MANDEL NGAN) /AFP via Getty Images) OAN’s James Myers8:24am – Wednesday, May 22, 2024 The Biden administration […]

Biden admin announces $7.7B student debt handout for 160K borrowers

The Biden administration on Wednesday morning announced a massive new student loan benefit that will put $7.7 billion toward debt consolidation for more than 160,000 borrowers. The latest distribution focuses on three categories of borrowers: those receiving Public Service Loan Forgiveness (PSLF), those who are enrolled in President Biden’s Savings for Valuable Education (SAVE) Plan […]