California’s unemployment benefits system ‘broken’ with $20B owed to feds in loan debt: report
California's unemployment insurance (UI) loan system is facing significant deficits and needs a complete “redesign,” according to a new bipartisan report. Legislative Analyst Office (LAO). The system was supposed to be self-sufficient, but it has been unable to cover its annual benefit costs, resulting in a projected deficit of $2 billion annually over the next […]
FHFA just announced higher conforming loan limits for 2025
Rising housing costs pushed up CLL. (iStock ) Home prices have remained high in recent years, largely due to fluctuations in mortgage rates and the lingering economic impact of the pandemic. Accordingly, the Conforming Loan Limit (CLL), which determines how much loan a borrower is eligible for, is scheduled to increase in 2025. The Federal […]
Biden gives $6.6B conditional loan to EV-maker
Click here to see what's new on The Hill {beacon} energy and environment energy and environment Full text Scientists identify potential link between wildfire smoke exposure and dementia diagnosis Exposure to trace pollutants released by wildfires may be increasing the chances of older people being diagnosed with dementia, a new study has found. Full […]
Biden administration seeking to finalize $6.6B loan to build EV factory before term ends
The Biden administration is offering billions of dollars in federal loans to fund large-scale electric vehicle manufacturing plants in the months before the end of the president's term. The Department of Energy on Monday announced a $6.57 billion loan to EV maker Rivian Automotive to help build Project Horizon, a 9 million square foot electric […]
Biden administration preliminarily OKs $6.6B loan to EV maker Rivian
The Biden administration previously announced it would provide electric vehicle maker Rivian with a $6.6 billion loan to build a factory in Georgia. The administration said the loan will help Rivian build a facility to produce up to 400,000 “mass-market” electric SUVs and crossovers. Specifically, the company plans to help build Rivian's R2 and R3 […]
California Businesses, Households on the Hook for State’s Default on COVID Loan
The reality is that California businesses and households paying payroll taxes on domestic employees will have to pay the price as the state defaulted on a $20 billion federal loan to cover coronavirus-era shortfalls. I'm starting to wake up. The issue came to light this week when restaurateur Andrew Gruel posted on social media about […]
Biden Admin Moves To Forgive Multi-Billion Dollar Loan To Ukraine
The Biden administration plans to forgive about $4.7 billion in loans to Ukraine, the State Department announced Wednesday, but some lawmakers are working to block that. The Biden administration has poured billions of dollars into Ukraine since the country's war with Russia began in 2022. Some of the money given to Ukraine came in the […]
Exclusive | Shari Redstone paid off $186M loan to Paramount’s lenders –
Shari Redstone has paid off nearly $200 million in debt from her family's Paramount business, most of which she paid off in cash with help from tech mogul Larry Ellison, The Post has learned. . The 70-year-old daughter of the late media mogul Sumner Redstone last month paid 186 million yen to creditors of National […]
How will the Trump presidency affect student loan forgiveness?
(NEXSTAR) – President-elect Donald Trump returns to the White House after defeating Vice President Kamala Harris, but what will his second term mean for millions of Americans saddled with student loan debt? Maybe? Mr. Trump and Republican lawmakers have previously criticized Mr. Biden's loan forgiveness efforts, saying it would be “unfair” to the millions of […]
What does Trump win mean for student loan forgiveness?
President-elect Trump's actions and statements regarding student loans have left his supporters with a bleak outlook. They are now focused on getting President Biden to act quickly to grant pardons before the deadline expires. President Trump has made it clear that he will not continue the massive student debt relief that Biden has provided to […]