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 […]
Los Angeles seeks $80M loan as city is ‘growing broke’ amid lawsuit judgment payouts
The city of Los Angeles is heading toward bankruptcy, and city officials hope to solve the problem by borrowing a whopping $80 million. One report says city officials are spending millions of dollars overspending, at least $215 million over budget for the fiscal year that begins July 1. financial analysis It was first reported that […]
Harris-Biden admin extends student loan repayment freeze
The Harris-Biden administration on Monday extended the federal student loan forgiveness period pending the outcome of a legal challenge to the debt cancellation plan. Almost 8 million borrowers are enrolled in the government's Savings for Education program. [SAVE] It was first reported that the extension would allow plans to waive monthly payments for at least […]
SBA disaster loan program is out of money, says Biden
President Biden said Tuesday that a key federal program that provides disaster loans to businesses and homeowners is leveraging funds in the aftermath of the back-to-back hurricanes. Biden said in a statement first reported. washington post He said the Small Business Administration's disaster loan program was a “critical lifeline for small businesses, homeowners and renters […]