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☆ Biden Denounces Abortion Bans, Warning That Privacy Is Next
▼ + stars: | 2023-06-23 | by ( Peter Baker | ) www.nytimes.com time to read: +2 min

Polls show that support for legalized abortion has risen since the Dobbs decision. But some progressive activists have privately expressed frustration that Mr. Biden has not made it more of a public priority until now. Abortion has long been an uncomfortable issue for Mr. Biden, who has cited his Catholic faith as his views have shifted over the years. The rally on Friday, organized with the Democratic National Committee, was part of a series of messaging efforts by the Biden team around the anniversary of the Dobbs ruling. Earlier this week, Dr. Biden hosted a session with women from states that have imposed limits on abortion to highlight the consequences even for those not seeking to end a pregnancy.

Persons: Dobbs, —, Biden, Roe, Hyde, Harris, unabashedly, Laphonza Butler, Mr, Biden’s, we’ve, Ayanna S, Pressley Organizations: White, Republicans, Medicaid, Democratic National Committee, Biden, Mr, Capitol, Massachusetts, Republican Locations: Charlotte, N.C

☆ Opinion | Why This Economist Wants to Give Every Poor Child $50,000
▼ + stars: | 2023-06-23 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +51 min

What you’ve got to do to get more money from wealth is just let your money go out there and make money on its own. darrick hamiltonYeah, the extent to which our tax code incentivizes wealth and capital growth, it centers on existing wealth and capital growth. $50,000 to the most wealth-poor person seems like a big number, but we need to put that number in context. In other words, wealth begets more wealth, and wealth builds upon itself. ezra kleinI think that’s a great place to end, so I’ll ask our final question.

Persons: ezra klein, we’ve, We’ve, Darrick Hamilton, Biden Sanders, Bernie Sanders, Cory Booker, Ayanna Pressley, darrick hamilton, hamilton, you’re, ezra klein There’s, you’ve, that’s, Thomas Piketty’s, it’s, there’s, ezra klein I’m, —, ezra klein We’ve, Bill Gates, Elon, Ezra, Ira Katznelson, Crow, Bill, hasn’t, who’s, I’ve, they’re, ezra klein Let’s, darrick hamilton Naomi Zewde, wouldn’t, Let’s, darrick hamilton Ezra, darrick hamilton I’m, Arthur Lewis, Natalie Diaz, ” Natalie, ezra klein Darrick Hamilton Organizations: The New School, Biden, Task Force, Marshall, Black, Washington D.C, Federal Government, SEED, Oklahoma, Social, Social Security Locations: Hamilton, United States, Prosperity, America, Europe, Tulsa , Oklahoma, Connecticut, Washington, —, hamilton

☆ Evictions are roaring back as landlords raise rent and affordable housing supply stalls
▼ + stars: | 2023-06-17 | by ( Associated Press | ) www.businessinsider.com time to read: +9 min

Eviction filings are more than 50% higher than the pre-pandemic average in some cities. After a lull during the pandemic, eviction filings by landlords have come roaring back, driven by rising rents and a long-running shortage of affordable housing. There was also $46.5 billion in federal Emergency Rental Assistance that helped tenants pay rent and funded other tenant protections. Forty of the state's 62 counties had higher eviction filings in 2022 than before the pandemic, including two where eviction filings more than doubled compared to 2019. But as protections went away, housing prices skyrocketed in Austin, Dallas and elsewhere, leading to a record 270,000 eviction filings statewide in 2022.

Persons: —, Dana Williams, Williams, De'mai Williams, it's, haven't, Daniel Grubbs, Donovan, Ayanna Pressley, Maria Jackson, Jackson, It's, Russell Weaver, Oscar Brewer, Ben Martin, Rio Yamat Organizations: Service, Princeton, Houston, Nashville, Phoenix, Income, Coalition, Rental Assistance, Democratic U.S . Rep, Ayanna Pressley of Massachusetts, Cornell University, Housing, Democrat, Income Housing Coalition, New, Philadelphia — Locations: Atlanta, New York, Las Vegas, Minneapolis, St, Paul, Rhode, Ayanna Pressley of, Rochester . In Texas, Austin, Dallas, Texas, New York City, Philadelphia, arears

☆ Student-loan borrowers will begin making payments in October — and they'll be notified 'well before' their first bill is due, Biden's Education Department says
▼ + stars: | 2023-06-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Student-loan borrowers will resume payments in October, the Education Department confirmed. Borrowers are awaiting a Supreme Court decision on Biden's broad debt relief in the coming weeks. Per the documents, the department was preparing to resume interest accrual on borrowers' student loans in September, and they would not be hit with a bill until October. A Supreme Court decision could come on Friday or the next two Thursdays of June, and additional days could be added to the calendar. "Our concern is only heightened by the prospect of an unfavorable ruling in coming days framed by a conservative, right-wing majority of the Supreme Court.

Persons: —, Joe Biden's, Biden, Ayanna Pressley, Ro Khanna, Trump, Derrick Johnson, Wisdom Cole Organizations: Education Department, Service, Politico, Biden, An Education Department, Democratic, Supreme Court, Massachusetts, Washington Post, NAACP, Youth and College Locations: California

☆ Student-loan borrowers are about to be thrown back into repayment, and the economy will suffer — especially if Biden's debt cancellation is struck down
▼ + stars: | 2023-06-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Education Secretary Miguel Cardona has confirmed student-loan payments will resume this year. In March 2020, former President Donald Trump first implemented the student-loan payment pause to give borrowers financial relief during the pandemic. 'We're looking at a pretty severe fiscal contraction'Steinbaum previously told Insider that the economy has been "more than fine" without borrowers' student-loan payments. But they're a weight, it's about 20 million student-loan borrowers that haven't been paying, they'll have to begin paying more or less in September," Zandi said. Democratic lawmakers have been sounding the alarm on the harmful impacts a payment resumption would have without Biden's broad debt relief.

Persons: Miguel Cardona, —, It's, Donald Trump, Trump, Joe Biden, — Biden, We're, Cardona, Biden, Kevin McCarthy, Marshall Steinbaum, Steinbaum, Mark Zandi, haven't, Zandi, that's, it's, Ayanna Pressley, Countess, Ro Khanna Organizations: Supreme, Service, Education, Family Institute, University of Utah, Education Department, Moody's, CNBC, Relief, Getty, Democratic, Massachusetts, Twitter Locations: Washington ,

☆ Opposition grows to debt ceiling deal measure that would end student loan payment pause
▼ + stars: | 2023-05-31 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

US House Speaker Kevin McCarthy, a Republican from California, arrives to the US Capitol in Washington, DC, on Wednesday, May 31, 2023. A measure in the debt ceiling deal terminating the student loan payment pause is facing heavy opposition from advocates, progressives and borrowers. "The pause on student loan payments remains one of the most durably popular pieces of economic policy because the American people recognize what Washington has long struggled to understand: The student loan system is broken," said Mike Pierce, executive director of the Student Borrower Protection Center. More from Personal Finance:Parents paying for college 'is the norm'4 strategies to avoid taking on too much student debtThese moves can help you save big on college costsRep. Ayanna Pressley, D-Mass., filed an amendment Tuesday that would strike the debt ceiling deal provision ending the pause on student loan payments. According to the legislative text of the proposed agreement to raise the debt ceiling, the pause on federal student loan payments will "cease to be effective" and borrowers will be required to resume paying their student loan bills 60 days after June 30.

Persons: Kevin McCarthy, Mike Pierce, Joe Biden's, Ayanna Pressley, Pressley's, Pressley Organizations: Republican, Washington, Protection, U.S, Supreme, Finance Locations: California, Washington ,

☆ There's another legal route Biden can use to cancel student debt, and the Supreme Court's latest move shows the justices could be open to it
▼ + stars: | 2023-04-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

The Supreme Court rejected an appeal to halt debt relief for borrowers who say they were defrauded. The Higher Education Act has been floated as another way for Biden to pursue his debt-relief plan. The Supreme Court is already considering whether Biden's plan to cancel up to $20,000 in student debt for federal borrowers is legal. Activists and students protest in front of the Supreme Court during a rally for student-debt cancellation in Washington, DC, on February 28. Still, along with the lawsuits against broad debt relief, the payment pause is also being challenged — leaving millions of borrowers in financial limbo.

☆ A major student-loan lender is 'actively working to harm' millions of borrowers by trying to block Biden's debt relief, Elizabeth Warren and Ayanna Pressley say. They're demanding answers about this '
▼ + stars: | 2023-04-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

In March, SoFi Bank filed a lawsuit to end the latest extension of the student-loan payment pause. SoFi argued in its complaint that it has suffered financial harm directly resulting from the payment pause. "Indeed, your company has thrived during the pandemic payment pause, and you have been richly rewarded. "SoFi's lawsuit against ED is a dangerous and cynical ploy to prevent millions of borrowers from obtaining relief," they added. Additionally, as Warren and Pressley referenced, the lawsuit was not entirely unexpected — Noto said in February that the latest payment pause extension will "subsidize people that don't need it."

☆ Chicago mayoral election live results: Brandon Johnson and Paul Vallas face off in runoff election
▼ + stars: | 2023-04-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Brandon Johnson and Paul Vallas are facing off in the Chicago mayoral runoff election. The winning candidate will succeed Mayor Lori Lightfoot, who was the third-place finisher in the initial Feb. 28 mayoral election behind Vallas and Johnson, respectively, missing her chance to compete in the runoff. Garcia came in fourth place in the February mayoral election; in 2015, he was also a mayoral candidate, forcing then-Mayor Rahm Emanuel into a runoff election, which he eventually lost. According to the Illinois State Board of Elections, Vallas raised $6.4 million in the lead-up to the initial February mayoral election and has raked in at least $10.9 million since March 1. Johnson raised nearly $4 million before the February election and has taken in at least $5.8 million since March 1.

☆ Premarket stocks: The FDIC could ask big banks to clean up $23 billion mess
▼ + stars: | 2023-03-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

While regional and mid-sized banks are behind the recent turmoil, it appears that large banks may be footing the bill. Ultimately, that means higher fees for bank customers and lower rates on their savings accounts. The law also gives the FDIC the authority to decide which banks shoulder the brunt of that assessment fee. Passing it on: Regardless of who’s charged, the fees will eventually get passed on to bank customers in the end, said Isaac. In 2021, Wall Street was estimated to be responsible for 16% of all economic activity in the city.

☆ Sen. Elizabeth Warren announces re-election bid
▼ + stars: | 2023-03-27 | by ( Megan Lebowitz | ) www.nbcnews.com time to read: +2 min

Sen. Elizabeth Warren, D-Mass., announced Monday that she would be seeking a third term in office. The announcement also featured appearances by Democratic allies from Massachusetts, including Rep. Ayanna Pressley, Boston Mayor Michelle Wu and fellow Sen. Ed Markey. “Elizabeth is my partner in the Senate, and I have seen this perpetual energy machine up close,” Markey said. President Joe Biden won Massachusetts by nearly 34 percentage points in 2020 and Warren won re-election in 2018 by 24 points. I’m running for Senate,” Warren said on Meet the Press in April 2022.

☆ In just a few minutes this week, Powell changed everything on market's view of interest rates
▼ + stars: | 2023-03-09 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Federal Reserve Chair Jerome H. Powell testifies before a House Financial Services hearing on "The Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, U.S., March 8, 2023. That changed after Powell's appearance, during which he cautioned that if inflation data remains strong, he expects rates to go "higher than previously anticipated" and possibly at a faster pace than a quarter point at a time. Basically, it was the January inflation data plus signs that the labor market remains remarkably strong despite the Fed's efforts to slow it down. Brusuelas is among those who think the Fed should accelerate its inflation battle with a half-point rate hike. However, he said policymakers could be swayed by a potentially softer jobs report and inflation data next week that reverses course and shows price increases abating.

☆ Giving babies $1,000 at birth is an 'unprecedented opportunity for financial security,' Ayanna Pressley and Cory Booker say
▼ + stars: | 2023-03-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Rep. Ayanna Pressley and Sen. Cory Booker urged the Treasury Department to support their "Baby Bonds" legislation. "This policy would provide every child in America with unprecedented opportunity for financial security," Pressley and Booker wrote in their letter. They cited reports from Columbia University and Morningstar that found Baby Bonds would "substantially" close the racial wealth gap. When we introduce baby bonds, this gap narrows to 71% for Black families and 67% for Hispanic families." Along with Pressley and Booker, other Democratic lawmakers have been stressing the benefits of Baby Bonds over the past year.

☆ 126 Democratic lawmakers reaffirm to Biden that they think his student-loan forgiveness plan is legal — and they 'expect the legal challenges to the plan will fail'
▼ + stars: | 2023-03-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

126 Democratic lawmakers sent a letter to Biden expressing support for his student-debt relief plan. GOP lawmakers have continued to challenge the legality of his plan. Since Biden's debt relief plan was announced, many Republican lawmakers attacked that relief as unfair, costly, and an overreach of executive authority. Some Republicans have also recently introduced legislation to end the student-loan payment pause and block Biden from canceling student debt broadly. "The President has the legal authority to cancel student debt," Missouri Rep. Cori Bush wrote on Twitter on Tuesday.

☆ AOC says there's still hope for Biden's student-loan forgiveness plan if the Supreme Court rules against it
▼ + stars: | 2023-03-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

AOC said Biden "should be prepared to respond" to whatever the Supreme Court rules on student-debt relief. The White House has maintained it does not have a backup plan and is confident Biden's relief will prevail. Some other Democratic lawmakers have also said the focus right now should be on voicing the legality of Biden's current debt relief plan. Still, the White House has previously said that it is not deliberating a backup plan right now if the Supreme Court strikes down the relief. And there is no current backup plan, or anything like that.

☆ Biden's administration made a 'powerful defense' of its student-loan forgiveness plan before the Supreme Court, education secretary says
▼ + stars: | 2023-03-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Supreme Court concluded oral arguments on Biden's student-debt relief on Tuesday. The Supreme Court will make a decision on the legality of Biden's plan by June. In the hours leading up to arguments, advocates, Democratic lawmakers, and borrowers rallied outside the Supreme Court to voice their support for Biden's plan. The Supreme Court needs to apply the letter of the law, and we need to get this done." Now, all eyes turn to the Supreme Court, which is expected to make a final decision on the legality of Biden's plan by June.

☆ The US economy has been 'more than fine' without your student debt
▼ + stars: | 2023-03-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

Her story shows the extra juice that delaying — or as some would argue, canceling — student debt can provide to people's lives and the economy as a whole. "If we cancel student debt, what that really means is the federal government is choosing not to collect payments from debtors on the debt that's already issued," Steinbaum said. Biden's student loan bailout will cost every taxpayer, even those who never went to college, at least $2,500." But to be clear, we don't have the most concrete data about the effects of student loan relief — since, well, it hasn't been done. Do you have a story to share about student debt?

☆ Student-loan payments will resume this year — and it could happen with or without debt relief
▼ + stars: | 2023-03-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Miguel Cardona reiterated that student-loan payments will resume this year. It will happen 60 days after June 30, or 60 days after the Supreme Court issues a decision on Biden's debt relief. Oral arguments on Biden's plan to cancel student debt concluded on Tuesday. This means that student-loan payments could resume in September at the latest, and as of now, that could happen even if the Supreme Court strikes down Biden's debt relief plan. Massachusetts Rep. Ayanna Pressley told Insider on Tuesday that she will push for payments to remain on pause until borrowers get relief.

☆ Ayanna Pressley says it's not time for a student-debt relief backup plan yet, as a conservative-majority Supreme Court decides whether Biden's plan is legal
▼ + stars: | 2023-02-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Rep. Ayanna Pressley told Insider it's not the time for a backup plan on student-debt relief. The Supreme Court concluded oral arguments on the cases challenging Biden's debt relief on Tuesday. The Supreme Court needs to apply the letter of the law, and we need to get this done." Pressley was among a group of Democratic lawmakers who voiced support for student-debt relief outside the Supreme Court on Tuesday morning. "Even this far-right Supreme Court should be able to recognize that these claims against student debt relief are baseless and politically-motivated.

☆ Over 500 students are at the Supreme Court to plug Biden's student-loan forgiveness because the 'economic mobility of over 40 million Americans is dependent on the survival of this program'
▼ + stars: | 2023-02-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Over 500 students are flooding the Supreme Court on Tuesday to support student-debt relief. The Supreme Court will hear arguments and likely make a final decision on the relief in May or June. Today, over 500 students have gathered on the steps of the Supreme Court to fight back against any attempt to restrict such freedom. "Our government must relieve borrowers of the crushing weight of student debt which will keep an entire generation from reaching their full potential," he continued. All eyes now turn to the conservative-majority Supreme Court, which will likely make a final ruling on Biden's debt relief in May or June.

Since the start of the pandemic, Americans have been able to access free weekly credit reports. "Even when consumers are successful in having their complaint addressed, complaints call into question the underlying data contained in consumers' credit reports," the report read. Navigating the credit reporting system in the United States requires skill and often a good deal of patience. Democratic Rep. Maxine Waters of California, who chaired the panel at the time, said during the hearing that a public credit reporting agency "would be a major upgrade over today's broken, biased credit reporting system." Consumer advocates stress that not only should credit reports be easily accessible but that Americans should be able to scrutinize the information contained in credit reports.

☆ Ex-Twitter employee tells AOC the platform changed its content moderation policy to accommodate Trump's racist 'go back' tweets
▼ + stars: | 2023-02-08 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

A former top Twitter official said the social network bent its rules for Trump's 2019 racist tweet. "So much for bias against right-wing on Twitter," Ocasio-Cortez said, concluding the line of questioning. The recommendation had been for Trump's tweets to be labeled but allowed to remain on the platform since he was a public figure. Twitter was repeatedly criticized for allowing Trump's tweets to stand. Following the January 6, 2021 Capitol riot, the social network banned the president "due to the risk of further incitement of violence."

☆ Fact Check-Fabricated Ayanna Pressley tweet claiming IQ is a measure of whiteness shared online
▼ + stars: | 2023-01-20 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Rep. Pressley never tweeted this.”A Twitter advanced search did not reveal any such post published via Pressley’s official Twitter account (archive.is/wip/5bhz5). Archived versions of her Twitter account saved on June 17, 2021, similarly, do not reveal the tweet (here). An archive of Pressley’s deleted tweets saved via ProPublica's Politwoops does not reveal any such deleted post first published on June 15, 2021 (here similar archive of Pressley’s deleted Twitter posts saved via Polititweet does not reveal the post (here). Google advanced search does not reveal any media articles reporting on the purported tweet, and instead, reveals iterations of the image shared via meme sites such as iFunny (archive.is/wip/sHwuX). No such tweet was published by Rep. Pressley.

☆ AOC says chaos in the GOP House shows that the Squad is pretty reasonable in comparison
▼ + stars: | 2023-01-06 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Rep. Alexandria Ocasio-Cortez addressed the ongoing chaos in the Republican Party. She said it showed the group of progressives she's a member of is reasonable in comparison. The GOP has failed to elect a House speaker during three days of voting, paralyzing Congress. "The more days that this goes on the more this truly starts to have a corrosive impact on our country," Ocasio-Cortez said. The group have regularly clashed with Democratic Party leadership on issues including the Green New Deal and expanded Medicare provisions.

What credit scores don't captureLenders have always needed a way to determine a borrower's creditworthiness, and credit scores were a faster, easier way to do so. "If you look at credit scores from the perspective of other social actors, like policymakers or consumer advocates, why someone does or does not repay might start to have more bearing on how you make sense of credit scores," says Kiviat. The credit scoring system can also reflect and even worsen existing racial and wealth inequality. However, the credit scoring and reporting systems can function imperfectly, leaving many of the most marginalized without credit scores or with poor credit scores. Furthermore, policymakers have been considering how to make it easier for people to access their credit scores and resolve mistakes on their credit reports.

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