Biden Nationalizes Another 50,000+ Student Loans as He Heads for the Exit
Leaving President Joe Biden's administration will be nothing if not hectic, with desks cleaned and preparations made for his final departure. On Friday, it announced that federal student loans for an additional 55,000 workers would be canceled through an existing program known as Public Service Loan Forgiveness. Biden has now canceled an unprecedented $180 billion […]
Internal Watchdog Urges Biden’s Green Loans Office To Stop Working On New Loans Amid Conflict Of Interest Concerns
An internal federal watchdog agency ordered the Biden administration's Green Loans Office to stop working on new deals, citing concerns that it was poorly managing potential conflicts of interest in its operations, an internal federal watchdog said in a letter Tuesday. I asked for it. Department of Energy (DOE) Inspector General Terry Donaldson I wrote […]
Biden admin loans Ukraine $20B backed by profits from ‘immobilized’ Russian assets
The Biden administration announced on Tuesday that it would distribute $20 billion in loans to Ukraine, with the funds recovered from profits generated by “immobilized” Russian assets. “These funds, paid for with windfall profits from Russia's own disabled assets, will provide a critical injection of support in defending Ukraine from an unprovoked war of aggression.” […]
U.S. Loans Ukraine $20 Billion Before Biden Departs
The United States confirmed on Tuesday that it had given Ukraine $20 billion in funds backed by proceeds from frozen Russian assets. The cash is part of a $50 billion G7 aid package and will arrive 40 days before President Joe Biden leaves the White House. As Breitbart News reported, President-elect Donald Trump has already […]
US loans Ukraine $20B from seized Russian assets
The Treasury Department on Tuesday extended a $20 billion loan to Ukraine funded by seized Russian assets as part of a broader Group of Seven (G7) effort to strengthen Ukraine's defense. The money will be transferred to Ukraine on Tuesday morning through the World Bank, which received a loan from the United States. The loan […]
Crypto payments: the willingness to integrate cryptocurrencies for loans and salaries is increasing – The Cryptonomist
A new survey reveals the desire of business owners and employees to integrate cryptocurrencies into their company strategies and payments. From what has been revealed, there seems to be a growing desire to use cryptocurrencies for loans and payroll. Cryptocurrency payments and the perception of business owners and employees towards loans and salaries of investigation […]
Biden administration loans $6.6B to struggling Tesla rival Rivian
Shares of the struggling electric car maker that competes with Tesla have soared this week after the lame-duck Biden administration loaned the company billions of dollars. The Department of Energy announced Tuesday that it will provide Rivian with a $6.6 billion loan to build a $5 billion electric vehicle factory in Georgia that the company […]
Freddie Mac, Fannie Mae backing bigger home loans in 2025
Corcoran Group founder Barbara Corcoran argued during an appearance on “Kabuto: Coast to Coast” that a significant drop in mortgage rates would be “tremendous” for the market. As home prices continue to soar in the U.S., the Federal Housing Finance Agency (FHFA) announced Tuesday that it will increase the loan limits for mortgages purchased by […]
Biden officials, Republicans point fingers over exhausted disaster loans program
A blame game has begun between the Biden administration and Republican lawmakers after funding for a major disaster loan program dried up during a devastating hurricane season. The Biden administration has announced that Hurricanes Helen and Milton have depleted the Small Business Administration's (SBA) disaster loan accounts, which businesses and homeowners rely on for low-interest […]
Biden administration informs Congress it will forgive $5B in economic loans to Ukraine
The Biden administration has told Congress it plans to cancel $4.65 billion in Ukraine debt, about half of the economic loans provided earlier this year. State Department spokesman Matthew Miller confirmed the plan in a briefing Wednesday. “Therefore, we have taken the steps outlined in the law to cancel these loans and provide economic aid […]