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Conservative lawmakers are threatening a government shutdown over a range of demands. Rep. Ocasio-Cortez called out the lawmakers for risking Americans' paychecks with their conditions. Congress has until September 30 to reach an agreement on government funding before a shutdown. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. However, some Senate Republicans think opening this inquiry might just be what it takes to keep the government funding conversation moving.
Persons: Cortez, Alexandria Ocasio, Cortez isn't, Joe Biden's, holdouts, Biden, Kevin McCarthy, Matt Gaetz, McCarthy, paychecks, Don Bacon, GOP Sen, Mike Braun, Ralph Norman Organizations: Service, Lawmakers, Social Security, SNAP, Democratic, Republicans, GOP, Politico, Caucus Locations: Wall, Silicon, Alexandria
"I would like to see interest payments suspended during this time, especially during that 12-month ramp-up period," Ocasio-Cortez said. People should not be incurring interest during this 12-month on-ramp period, so I highly urge the administration to consider suspending those interest payments." "Of course, we still believe in pursuing student-loan cancellation and acting faster than that 12-month period wherever possible," she added. Biden has not yet commented on those requests, but the Education Department recommends borrowers make payments because interest is set to accrue a month before payments begin again in October. "However, the Secretary has directed his staff to explore policy options for debt relief that will help as many people as possible."
Persons: Alexandria Ocasio, Cortez, Biden, , Joe Biden's, Cortez isn't, Ro Khanna, it's Organizations: Service, Supreme Court, CNN, ABC News, Higher, Education, Department, Federal Locations: Rep, Alexandria, California
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