Biden cancels student debt for public service workers and gets ferocious backlash
President Joe Biden announced another round of student loan forgiveness, this time for public employees, but critics quickly slammed him on social media. Biden promised student loan forgiveness during his 2016 presidential campaign, but court challenges have hampered his efforts to redistribute debt without Congressional approval. On Friday, he said his administration was able to […]
House GOP eyes plan C that cuts Trump debt ceiling demand
House Republicans are eyeing new spending proposals to increase votes on three separate measures: funding the government, adequate disaster relief and allocating agricultural aid, three people told The Hill. Ta. But in a shift from previous strategy and in defiance of President-elect Trump's requests, the new plan does not include any measures to raise the […]
Biden OKs another $4.28B in student debt relief for public service workers
President Biden signed yet another student loan forgiveness package on Friday, giving $4.28 billion to about 55,000 public servants. The Department of Education has canceled loans for students who have made more than 120 monthly repayments as part of the Public Service Loan Forgiveness (PSLF) program, which encourages employment in public sector jobs such as […]
Trump throws debt limit into shutdown fight
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } Welcome to The Hill's Business & Economics Newsletter {beacon} business and economy business and economy Full text House Republicans focus on Plan B stopgap with separate two-part debt limit pledge House Republicans are eyeing an alternative government funding stopgap […]
Many in GOP Oppose Clean Debt Limit Hike, It’s Better to Raise It Once We’re in Power
On Thursday's broadcast of Fox Business Network's “The Bottom Line,” Rep. Andy Harris (R-Md.) said many Republicans do not oppose raising the debt ceiling, but the spending that would come with it. He said that concessions are needed and that he believes they will happen. Once Republicans take control of Congress, they'd be better off […]
GOP Senator Claims Schumer Used Debt Limit As Leverage Against Trump, Criticizes GOP Who Opposed Trump-Endorsed Plan
Sen. Markwayne Mullin, R-Oklahoma, said Thursday that Senate Majority Leader Chuck Schumer used the debt limit as leverage against plans supported by President Trump. Monaka exterior Mullin criticized Schumer for the “Ingraham Angle,” which accused Laura Ingraham of manipulating debt ceiling negotiations to weaken President-elect Donald Trump's influence. Marinlin also criticized House Republicans who helped […]
Dems say 'hell no' to GOP Plan B on government funding, debt ceiling
House Democrats rallied overwhelmingly against a second assault on the government funding bill by Republicans, arguing that it would let the bill die on the House floor and force Republican leaders to return to the table to negotiate a bipartisan compromise. There is. Gathered behind closed doors in the basement of the parliament building, party […]
5 things to know about Trump's call to scrap debt ceiling
President-elect Trump called for lifting the debt ceiling days before a potential government shutdown, disrupting government funding negotiations. Republican lawmakers are already deeply divided over the future direction of the spending bill after Elon Musk prompted a Republican revolt against the bipartisan spending bill. President Trump's call for a permanent repeal of the federal debt […]
House GOP eyes plan B stopgap with separate 2-part debt limit commitment
House Republicans are eyeing an alternative government funding stopgap that excludes raising the debt ceiling, and are instead working on a pledge to raise the borrowing limit twice next year to appease President-elect Trump. People's sources told The Hill. The new continuing resolution is still under consideration and subject to change, but includes some language […]
Trump says US should get rid of debt ceiling
President-elect Trump said Thursday he supports lifting the debt ceiling, pushing the issue to the center of government spending talks with just days left to avoid a government shutdown. playing cards told NBC News He said in an interview that the “smartest thing” lawmakers could do would be to eliminate the debt ceiling. Trump had […]