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President Joe Biden's Education Department is officially one step closer to finalizing its second attempt at student-loan forgiveness for federal borrowers. This second attempt at student-debt relief is separated from the other targeted relief initiatives the Education Department has been in the process of carrying out. During a February 21 speech touting the latest relief, Biden said he would continue to pursue loan forgiveness for federal borrowers despite legal challenges. "Look, early in my term, I announced a major plan to provide millions of working families with debt relief for their college student debt. "I announced we were going to pursue alternative paths for student debt relief for as many borrowers as possible.
Persons: , Joe Biden's, It's, Biden's, Tamy Abernathy, Abernathy, Biden Organizations: Service, Joe Biden's Education Department, Higher, Education Department, Democratic, Federal Register, Republican
In an interview with NBC News, Paul Carpenter said he was hired to create the audio by Steve Kramer, a campaign specialist recently paid over $100,000 by long shot Democratic presidential candidate Rep. Dean Phillips' campaign. Around the time of their collaboration, in January, Federal Election Commission records show that Phillips' campaign paid Kramer $112,353 for "NEW YORK BALLOT ACCESS 2ND PAYMENT" and more than $17,000 for similar work in Pennsylvania. AdvertisementDespite having paid Kramer for campaign services, Phillips' campaign press secretary, Katie Dolan, said the trailing campaign did not ask for the Biden audio to be produced. Phillips' campaign didn't appear to receive much of a boost — if any — from the fraudulent robocall scam. After weeks of campaigning, Biden trounced him in New Hampshire's Democratic primary via a write-in campaign.
Persons: he's, Joe Biden's, Paul Carpenter, Steve Kramer, Dean Phillips, Carpenter, Kramer's, , Kramer, Phillips, Biden, Katie Dolan Organizations: Democratic, NBC News, Business, NBC, Commission, New, Federal Communications Commission, Telephone Consumer Locations: New Orleans, New Hampshire, Pennsylvania
The former president's statement came as Republicans try to distance themselves from an Alabama ruling. The Alabama Supreme Court controversially found that frozen embryos are children. AdvertisementFormer President Donald Trump on Friday broke his silence on a controversial Alabama Supreme Court ruling that has threatened the future of access to in vitro fertilization. Trump's comments come after the White House and Democrats have torn into Republicans over the Alabama ruling. Alabama Attorney General Steve Marshall's office said that he "has no intention of using the recent Alabama Supreme Court decision as a basis for prosecuting IVF families or providers."
Persons: Trump, , Donald Trump, Roe, Wade, Joe Biden's, Kellyanne Conway, NRSC, Jason Thielman, kZR5LqRt5p — Lauren Fox, Zev Williams, Kevin Stitt, Stitt, Politico, Jay Mitchell, Mitchell, Steve Marshall's, Kay Ivey Organizations: Alabama Supreme, Service, White House, Democrats, The New York Times, Senate Republican, Republican, Trump White House, National Republican, CNN, Pew Research Center, Columbia University Fertility Center, Oklahoma Gov, GOP, US, Alabama Republicans, Alabama Locations: Alabama, America, Oklahoma
The man pushing the thumb drive was a citizen of an Eastern European country and a guest of Claremont. That evening, Rollie passed a thumb drive containing disinformation about Hunter Biden and Burisma to a Pompeo aide. Smirnov was indicted last week for lying to the FBI about Hunter Biden. The revelation about Rollie's thumb drive comes shortly after the indictment of Smirnov, for allegedly making false statements about Hunter Biden in June 2020. Like Smirnov, Rollie's materials accuse Hunter Biden of involving his father in Burisma's business and committing a vast off-the-books fraud.
Persons: Mike Pompeo, Hunter Biden, Rollie, Pompeo, Burisma, BI Rollie, I'm, Rollie's, Biden's, Josef, Johnathan Buma, Donald Trump, Joe Biden's, Peter Schweizer, Rudy Giuliani, John Solomon, Hunter, Giuliani, Alexander Smirnov, Smirnov, Biden, David Weiss, Smirnov's, Joe Biden, GOP Sen, Charles Grassley, MAGA, Jack Posobiec, Buma, Anastasiia Carrier Organizations: Claremont Institute's, Claremont, Business, BI, KGB, Department, Claremont Institute, FBI, New York Times, Prosecutors, GOP, State Department, Justice Department, Anastasiia Locations: Russia, Ukrainian, Beverly Hills, Eastern, Soviet, Los Angeles, Russian, Delaware, Ukraine, The Hill, East, West, Eastern Europe
It's been a great month for Eaton stock. The power management company notched a series of record highs during a lengthy post-earnings rally that saw shares surge 17% in February. They include infrastructure spending, further artificial intelligence adoption necessitating the construction of more data centers, the acceleration of the transition to clean energy, and the rise of nearshoring and onshoring. The semiconductor giant's results highlighted strength and demand for data centers — a big part of Eaton's overall business and sales. AI data centers require lots more electrical components, which will likely show up on Eaton's order book down the line.
Persons: It's, what's, Eaton, Joe Biden's, Jim Cramer's, Jim Cramer, Jim, Brendan McDermid Organizations: Eaton, Infrastructure Investment, Jobs, Nvidia, CNBC, Traders, New York Stock Exchange Locations: Eaton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou're not seeing a correlation between the economic numbers and Joe Biden's approval: Mick MulvaneyJohn Hope Bryant, Operation Hope founder, CEO and chairman, and Mick Mulvaney, Actum Strategic Advisors co-chair and former White House chief of staff, join 'Squawk Box' to discuss the 2024 election, which candidate is better equipped to handle the economy, and more.
Persons: Joe Biden's, Mick Mulvaney John Hope Bryant, Mick Mulvaney Organizations: Operation Hope, Actum, Advisors, White House
US President Biden arrives to board Air Force One at Joint Base Andrews in Maryland on December 20, 2023, as he departs for Milwaukee, Wisconsin. President Joe Biden's $140 million campaign war chest has been bolstered by a group of loyal advisers and fundraisers that some party strategists call a "dream team" effort to defeat the likely Republican nominee, former President Donald Trump. "They have kind of put together a dream team in fundraising," said Jim Messina, who served as former President Barack Obama's campaign manager for his successful 2012 reelection campaign. Katzenberg has been speaking with donors to Republican presidential candidate Nikki Haley and trying to recruit them to support Biden. But Katzenberg pointed to Haley's support in places like New Hampshire, where she won 43% of the Republican primary vote, saying that suggests there is a slice of the Republican party ready to move on from Trump.
Persons: Biden, Joe Biden's, Donald Trump, Jeffrey Katzenberg, Rufus Gifford, Michael Pratt, Jen O'Malley Dillon, Julie Chávez Rodriguez, Jim Messina, Barack Obama's, Katzenberg, Nikki Haley, Katzenberg Haley, Trump's, Karoline Leavitt Organizations: Air Force, Joint Base Andrews, Republican, State Department, CNBC, Trump, Biden, Democratic National Committee, Commission, White House Locations: Maryland, Milwaukee , Wisconsin, South Carolina, Trump, New Hampshire
Thousands of student-loan borrowers just became the first group to see relief under President Joe Biden's new repayment reform. On Wednesday, Biden — along with the Education Department — announced that 153,000 borrowers are getting $1.2 billion in debt cancellation as a result of a new provision in the SAVE income-driven repayment plan. "If you've been paying for a decade, you've done your part, and you deserve relief," Education Secretary Miguel Cardona said in a statement. The Education Department first implemented the SAVE plan over the summer, intended to make borrowers' monthly payments cheaper. Of course, the relief comes as many borrowers are encountering challenges with the return to repayment that began in October.
Persons: Joe Biden's, Biden, , you've, Miguel Cardona, Biden's, Education James Kvaal Organizations: Wednesday, Education Department —, Education Department, Business, Administration, SAVE, The Education Department, Public, Department, Education
Just consider three core holdings in the portfolio: Apple , Starbucks , and Nvidia . Nvidia generates 21% of its overall revenue from Mainland China, while Apple gets 19%, and Starbucks 9%. Xiamen-based Luckin Coffee, for example, overtook Starbucks in market share in China during 2023, with double the retail locations there. However, Nvidia still dominates the AI chip market in China, and it's difficult to see its rivals catching up anytime soon. The company has twice re-engineered chips for the Chinese market to comply with U.S. rules.
Persons: Joe Biden's, Xi Jinping, Oppo, Jefferies, Tim Cook, Laxman Narasimhan, Tencent, Jim Cramer's, Jim Cramer, Jim Organizations: U.S, Apple, Nvidia, Starbucks, Competition, Huawei, International Data Corporation, IDC, CNBC, Luckin, China, Management, Tech Locations: China, Beijing, Washington, U.S, Mainland China, People's Republic, India, Xiamen
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The shouting match turned physical, and eventually, Robinette injured Alexander with his pocketknife, according to the Post. After a senator from the recently formed state of West Virginia took up the case, Lincoln pardoned Biden's ancestor on September 1, 1864. The area, now in West Virginia, was full of Union supporters and became a key early battleground of the war. He went on to spend one month in the military prison at Fort Jefferson in the Dry Tortugas, near Key West, Florida, before Lincoln pardoned him.
Persons: , Joe Biden's, Barack Obama, Abraham Lincoln, Biden, Lincoln, Biden's, Moses J, Robinette, John J, Alexander, David Gerleman, he'd, Jane Organizations: Service, Union Army, Washington Post, Post, Business, Army, Potomac, Department, George Mason University, National Archives, Union Locations: splintering, Lincoln, Florida, West Virginia, Maryland, Virginia, Washington ,, Grafton , Virginia, Allegany County , Maryland, Rappahannock, Fort, Key West , Florida
Several GOP lawmakers who voted to expel George Santos told Politico they stand by their votes. Last week, Democrat Tom Suozzi flipped Santos' former seat in a House special election. And even though Suozzi flipped the seat blue, the Republicans who backed Santos' ouster said they continue to stand behind their votes. Advertisement"I didn't shrink the Republican majority — George Santos shrunk it by his actions," Lawler told the outlet. Santos has criticized the New York Republicans who voted to remove him from Congress.
Persons: George Santos, Mike Lawler, Santos, Tom Suozzi, , Republican Mazi Melesa Pilip, Suozzi, Lawler, Joe Biden's, Pilip, Donald Trump —, MAGA, John Curtis of, Marjorie Taylor Greene, Mike Collins of, hasn't, Greene, Collins, Suozzi — Organizations: Politico, New York Rep, Service, Republican, New York's, GOP, Republicans, Legislature, Democrats, New York Republicans Locations: New York City, New York, Washington, Nassau, John Curtis of Utah, Mike Collins of Georgia
House Speaker Mike Johnson is blocking a $95 billion emergency foreign aid bill, saying he's in "no rush" to take up the legislation the Senate overwhelmingly approved last week. While supporters of the legislation say it's needed urgently to help Ukraine, The Wall Street Journal also points out that the bill would benefit the US economy. Lael Brainard, the director of the White House National Economic Council, told the Journal in a recent interview that the impact on the US economy would be significant. AdvertisementIt remains unclear when or if the House will take up the Senate bill. Trump in recent weeks also helped tank a bipartisan bill that would have tightened the US asylum system, among other measures.
Persons: Mike Johnson, , Russia's, Joe Biden's, Lael Brainard, Donald Trump, Trump Organizations: Business, Street, Pentagon, White, National Economic Council, The Locations: Mexico, Ukraine, Israel, Gaza, Taiwan
U.S. President Joe Biden answers questions from reporters after driving a Jeep Wrangler Rubicon Xe around the White House driveway following remarks during an event on the South Lawn of the White House August 5, 2021 in Washington, DC. The shift would mean that EV sales would not need to rise sharply until after 2030. Reuters previously reported that the White House could enact proposed Environmental Protection Agency regulations as soon as March that would mandate dramatic reductions in tailpipe emissions. The administration proposal would require boosting U.S. EV market share to 67% by 2032 from less than 8% in 2023. Automakers and the AAI have urged the Biden administration to slow the proposed ramp-up in EV sales.
Persons: Joe Biden, Biden, Joe Biden's, John Bozzella, Bozzella, Stellantis Organizations: New York Times, Alliance for Automotive Innovation, Reuters, Agency, EV, General Motors, Ford, AAI Locations: Washington , DC, U.S
(AP) — Sen. Tim Scott, a potential running mate if Donald Trump becomes the Republican presidential nominee, is treading carefully on questions about whether he would have certified the 2020 election had he been vice president at that time. He added: "You’re asking a hypothetical question that you know can never happen again.”Scott voted in favor of certifying the 2020 results when the Senate got back to work after the siege. Scott sidestepped questions Sunday about how he saw the vice president's role in the certification process. The legislation, in part, makes clear that the vice president’s responsibilities in the certification process are merely ceremonial and that the vice president has no say in determining who actually won the election. Trump is facing felony charges for working to overturn the results of the 2020 election in the run-up to the Capitol riot.
Persons: — Sen, Tim Scott, Donald Trump, Trump, Mike Pence, Joe Biden's, Pence, , “ I’m, Scott, ” Scott, Sen, JD Vance, Elise Stefanik, Scott sidestepped, he’ll, President Trump, Jan Organizations: Republican, Electoral, U.S . Capitol, Trump, Ohio, Senate, Union ”, CBS Locations: REHOBOTH BEACH, Del, New York, United States, “ State
BERLIN (Reuters) - U.S. Vice President Kamala Harris said that U.S. President Joe Biden's administration stood ready to support Ukraine in its war with Russia for "as long as it takes" and would push for Russia to pay damages to Ukraine following the end of the war. "We will continue in our efforts to secure a just and lasting peace. We will work to make sure Russia pays damages to Ukraine," she said at a joint news conference with Ukraine's President Volodymyr Zelenskiy at the annual Munich Security Conference on Saturday. "President Biden and I will continue to work to secure the resources and weapons you need to succeed," she said. The Latest Photos From Ukraine View All 91 ImagesPhotos You Should See View All 33 Images(Reporting by Sarah Marsh; Writing by Maria Sheahan)
Persons: Kamala Harris, Joe Biden's, Volodymyr Zelenskiy, Biden, Sarah Marsh, Maria Sheahan Organizations: BERLIN, Security, Washington, Ukraine, U.S . Congress Locations: Ukraine, Russia
Trump launches sneaker line
  + stars: | 2024-02-17 | by ( Alexandra Marquez | Jason Abbruzzese | ) www.cnbc.com   time to read: +3 min
If anyone was waiting for the other shoe to drop in the upcoming presidential race, former President Donald Trump just did, launching his own line of tennis shoes on Saturday. "I've wanted to do this for a long time," Trump said when he announced the launch of a sneaker line at Sneaker Con in Philadelphia. In his brief remarks at the sneaker launch, Trump indicated the line could be an effort to reach out to younger supporters, saying, "We're going to turn this country around fast. The line, called Trump Sneakers, is available for preorder online. Sneaker Con, the venue where Trump debuted the sneaker collection, is an event that started in 2009 and has become one of the premiere events within the broader sneaker culture that has exploded in recent decades.
Persons: Donald Trump, I've, Trump, Sneaker, Joe Biden's, Michael Tyler, Con, Jared Moskowitz, Barack Obama, Armour, Steph Curry Organizations: North, North Charleston Convention Center, Sneaker Con, Trump, Trump Organization, CIC Ventures, Air Force Locations: North Charleston, North Charleston , South Carolina, Philadelphia, cologne
WASHINGTON (AP) — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after several years of gloom. The University of Michigan's consumer sentiment index, released Friday, ticked up to 79.6 in February, from 79 in January. Still, consumer sentiment remains 6% below its long-run average after the worst spike in inflation in four decades pushed up the cost of groceries, rent, gas, and other necessities, frustrating many consumers. “Consumers continued to express confidence that the slowdown in inflation and strength in labor markets would continue.”Improving consumer confidence can often lead to greater spending, which can support economic growth. Since the pandemic, however, consumer spending has been mostly healthy even when measures of sentiment were quite low.
Persons: Joe Biden's, Joanne Hsu, “ Consumers Organizations: WASHINGTON, University of, Locations: underscoring
The House Judiciary Committee, chaired by conservative firebrand Rep. Jim Jordan, R-Ohio, will hold a hearing with special counsel Robert Hur on March 12, according to two people familiar with the plans who spoke anonymously to discuss the yet-to-be-announced hearing. The committee has spearheaded much of the House GOP's investigations into Biden, including the effort to impeach him. While that effort has floundered, Republicans want to hear from Hur after his report last week offered an unflattering assessment of Biden's competency and age. The hearing is sure to spill into a political spectacle as House Republicans have consistently sought to use hearings to punch holes in Biden's political weaknesses. Trump has bragged about his own memory, but at certain times in legal proceedings said he does not recall certain events.
Persons: Joe Biden's, Jim Jordan, Robert Hur, Biden, Hur, Donald Trump, Mike Johnson, ” Trump, Trump Organizations: WASHINGTON, Republicans, Justice Department, firebrand Rep, Republican, Trump, Oval Locations: Ohio, U.S, Maryland
The Education Department released a proposal for including borrowers with hardship in debt relief. AdvertisementPresident Joe Biden's Education Department unveiled another group of student-loan borrowers it's considering for its second try at debt relief. On Thursday, the Education Department released its proposed text that focused on debt cancellation for borrowers facing financial hardship. Advertisement"College is meant to lead to a better life, but too many students end up struggling due to their student debt," Under Secretary of Education James Kvaal said in a statement. The Education Department emphasized in its press release that it "may consider these and other factors to determine whether borrowers are experiencing the type of hardship that would qualify for debt relief."
Persons: , Joe Biden's, Biden's, Education James Kvaal, Kvaal, Harris, Pell Grant Organizations: Education Department, Service, Joe Biden's Education Department, Higher, Democratic, Education, Biden, Federal
The recent special counsel report raised questions about Biden's memory and age. "The age issue is obviously front and center for both candidates," said McConnell. AdvertisementAfter a special counsel report spelled out concerns about President Joe Biden's age and memory, many Republicans immediately moved to make it an issue. "The age issue is obviously front and center for both candidates," McConnell told CNN. AdvertisementOn Friday, the special counsel release a report that did not recommend charges against Biden for mishandling classified documents.
Persons: McConnell, who's, Biden, isn't, , Joe Biden's, Mike Johnson, Mitch McConnell, Donald Trump, Beau, Trump, Nikki Haley, Nancy Pelosi, Alexandria Ocasio, Cortez, Cortez of New York Organizations: Service, Republicans, GOP, Oval, CNN, Biden, Democratic Locations: Alexandria, Cortez of New, Cortez
President Joe Biden speaks about his economic plan at the Flex LTD manufacturing plant on July 6, 2023 in West Columbia, South Carolina. The Biden administration has released its proposal for which struggling borrowers should qualify for its new student loan forgiveness plan. At one point, it seemed possible that the "financial hardship" category had been dropped from what has become known as Biden's Plan B for student loan forgiveness. While Biden first attempted to cancel student debt through an executive order, he has now turned to the rulemaking process. Over three rulemaking sessions, the negotiators tasked with determining who will be eligible for the president's revised relief plan identified several categories that could signal hardship.
Persons: Joe Biden, Biden, Joe Biden's, Biden's, James Kvaal, Pell Grant, didn't Organizations: Flex, U.S . Department of Education, Finance, Department of Education, Education Department Locations: West Columbia, South Carolina
Texas' new law is set to take effect March 5. For months, tensions have escalated between the Biden administration and Texas over who can patrol the border and how. A heavy presence of Texas National Guard members in the border city of Eagle Pass has denied Border Patrol agents access to a riverfront park. The new measure would allow any Texas law enforcement officer to arrest people who are suspected of entering the country illegally. Republicans have defended the law by saying it would likely only be enforced near the U.S-Mexico border.
Persons: Joe Biden's, David Ezra, Ronald Reagan, Biden, Bill Organizations: , U.S, Supreme, Justice, District, . Border Patrol, Texas National Guard, Border Patrol Locations: AUSTIN, Texas, Austin, Arizona, . Texas, Rio, Eagle, Rio Grande, U.S, Mexico
A Georgia judge presiding over criminal charges against Donald Trump is hearing arguments Thursday about whether to disqualify the district attorney leading the election interference case against the former president. The hearing centers on allegations from one of Trump's co-defendants that Fulton County District Attorney Fani Willis and special prosecutor Nathan Wade personally benefited from their romantic relationship. The relationship began in late 2019, shortly after Willis and Wade met at a conference, Yeartie testified. Willis and Wade adamantly deny that their relationship presents a conflict of interest warranting their disqualification from the case. Trump has pleaded not guilty to 13 criminal counts in the Georgia election case.
Persons: Fani Willis, Nathan Wade, Donald Trump, Trump's, Robin Yeartie, Willis, Wade, Yeartie, Trump, Joe Biden's, Scott McAfee, Michael Roman Organizations: Fulton County Superior Court, Manhattan Locations: Fulton County, Atlanta, Georgia, Georgia's, New York City
Just 1 in 3 voters are confident in Joe Biden's physical and mental faculties, per a new poll. But Biden's support overall is roughly the same as it was in 2020. AdvertisementA new poll from Monmouth University shows that just 1 in 3 voters are confident in President Joe Biden's physical and mental faculties, though support for the 2024 presidential candidate is around the same as from 2020. Conducted between February 8 to 12 with 902 US adults, the poll found that 32% of respondents felt confident in the 81-year-old Biden's "mental & physical stamina." Despite the waning public confidence in Biden's mental and physical strength, the poll found that support for the Democratic candidate remains about the same as in 2020 when he first faced off against Trump for president.
Persons: Joe Biden's, , Robert Hur, Beau, Donald Trump, Biden Organizations: Service, Monmouth University, Republican, Trump, Biden, Democratic
Whether any of the relief will materialize is a looming question as conservatives vow to challenge any attempt at mass student loan cancellation. For a Federal Stafford Loan, a Direct Subsidized Loan or a Direct Unsubsidized Loan, repayment starts after the initial grace period ends. For a Federal PLUS Loan or a Direct PLUS Loan, repayment starts the day the loan is fully disbursed. LOW-VALUE PROGRAMSBorrowers could get their loans canceled if they went to a for-profit college program that leaves graduates unable to repay their federal student loans. In general, programs are considered failing if graduates are paying more than 8% of their average yearly income on federal student loan payments.
Persons: Joe Biden's, Biden's, Biden, Organizations: WASHINGTON, Education Department, Federal Stafford Loan, Federal PLUS Loan, PLUS Loan, Public, Defense, Associated Press, Carnegie Corporation of New, AP Locations: Carnegie Corporation of New York
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