Biden Admin Ramming Through One Last Student Loan Giveaway In Its Final Days
The Biden administration announced Monday that it will forgive 150,000 more student loan debts, bringing the total number of borrowers for which the administration has extended relief to a major milestone. Despite being reprimanded by the Supreme Court in June 2023, President Joe Biden and his team continued to push for a student loan forgiveness […]
Owners of dilapidated Times Square hotel — dubbed ‘America’s filthiest’ — default on $223M loan: report
The owner of a dilapidated, long-vacant hotel nicknamed the “Black Hole of Times Square” is said to be hundreds of millions of dollars behind on loans related to the property, leaving the lender in the red. According to reports, Joseph and Mayer Chetrit are mortgaged to the Carter Hotel, an infamous mega-property at 250 West […]
Bill Cosby facing second NYC foreclosure on $17.5 million loan
Disgraced TV star Bill Cosby and his wife Camille owe a whopping $17.5 million on an Upper East Side townhouse he bought as a surprise gift for his girlfriend, according to court records and reports. That's what it means. This is the second Manhattan foreclosure in less than a month for the disgraced “America's Dad,” […]
Ukraine war briefing: IMF approves $1.1bn loan to Ukraine | Ukraine
The IMF Executive Board approved a $1.1 billion disbursement to Ukraine as part of an ongoing lending program to support the budget. Friday's approval strengthens Ukraine as Russia continues to attack it and comes just over a month after International Monetary Fund officials completed the sixth review of the existing four-year plan, worth about $15.5 […]
Biden admin announces another $4.28 billion in student loan handouts
As President Biden and Vice President Harris prepare to leave the White House, the Biden administration announced another $4.28 billion in student loan benefits. This large-scale loan benefit will result in loan forgiveness for 54,900 public servants. “Four years ago, the Biden-Harris Administration promised America's teachers, military, nurses, first responders, and other public servants that […]
US Treasury Turns Frozen Russian Assets Into $20 Billion Loan For Ukraine
The U.S. Treasury on Tuesday transferred $20 billion of a massive $50 billion G7 loan to Ukraine. The funds are channeled through a World Bank intermediary called the Financial Intermediation Fund of Ukraine Strengthening and Investment Promotion Fund (FORTIS Ukraine FIF), and are aimed at strengthening Ukraine's economic stability amid the ongoing conflict with Russia. […]
GOP Reps Demand Biden’s Green Loan Office Stop Lending Amid Lame Duck Bonanza
Republicans on the House Energy and Commerce Committee are calling on the Department of Energy's (DOE) Office of Green Technology Lending to halt lending amid the huge success of lame-duck loans. Republican Reps. Cathy McMorris Rogers (Washington State), Jeff Duncan (South Carolina), and H. Morgan Griffiths (Virginia) sent a letter to DOE Loan Program Office […]
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 […]