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☆ New Corporate Minimum Tax Ushers In Confusion and a Lobbying Blitz
▼ + stars: | 2023-09-07 | by ( Alan Rappeport | More About Alan Rappeport | ) www.nytimes.com time to read: +1 min

At his State of the Union address this year, President Biden celebrated the fact that his new climate and tax law would no longer allow some of America’s largest corporations to pay zero in federal taxes. “Because of the law I signed, billion-dollar companies have to pay a minimum of 15 percent,” Mr. Biden said, referring to the Inflation Reduction Act of 2022. “God love them.”The new corporate minimum tax was one of the most significant changes to the U.S. tax code in decades. Its logic rested on the idea that rich companies should not be able to find loopholes and other accounting maneuvers in order to pay lower tax rates than their workers. Those groups have been flooding the Treasury Department with letters asking for lenient interpretations of the law and trying to create new loopholes before their tax bills come due next year.

Persons: Biden, Mr, Elizabeth Warren of, Janet L, Yellen Organizations: Treasury Locations: Elizabeth Warren of Massachusetts

☆ Senators take up looming insurance crisis as policy issuers flee Florida and California
▼ + stars: | 2023-09-07 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

View of a damaged property after the arrival of Hurricane Idalia in Horseshoe Beach, Florida, August 31, 2023. Persistent weather events have led to rate increases and reductions in coverage offered, often overburdening low-income residents. The average cost of property insurance has soared in recent years, according to an analysis by credit rating firm S&P Global Ratings. "Without insurance, millions of families will be at greater risk for climate crises," Sen. Elizabeth Warren, D-Mass., a member of the committee, said during the hearing. "And as whole communities lose access to insurance, the impact is going to be felt all the way through our economy."

Persons: WASHINGTON —, Michelle Norris, Norris, Sen, Elizabeth Warren Organizations: WASHINGTON, National Church Locations: Horseshoe Beach , Florida, Florida , California

☆ Explaining Bidenomics
▼ + stars: | 2023-09-06 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com time to read: +2 min

They want the government to spend more money on highways, technological development and other policies that could create good-paying jobs. The experts, in short, believe that they had been too accepting of the more laissez-faire economic agenda often known as neoliberalism. This turnabout is the central explanation for President Biden’s economic agenda, which White House aides call Bidenomics and will be core to his re-election campaign. Foer tells the story partly through Jake Sullivan, who helped design Biden’s domestic agenda during the campaign and then became national security adviser. That’s why several Warren protégés, like Bharat Ramamurti, work in senior White House roles today.

Persons: Bidenomics, ”, Biden’s, Franklin Foer, Foer, Jake Sullivan, Sullivan, Hillary Clinton, Biden, Donald Trump’s, Democratic wonks, ” Foer, Bernie Sanders, Elizabeth Warren, Alexandria Ocasio, Cortez, Warren protégés, Bharat Ramamurti Organizations: Democratic, Rhodes, Yale, White Locations: Alexandria

☆ Insider Today: Gen Z is out on college
▼ + stars: | 2023-09-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

This post originally appeared in the Insider Today newsletter. In today's big story, we're looking at why college isn't part of the plan for some Gen Zers. Between skyrocketing tuition costs and underwhelming salaries, some Gen Zers are skipping college altogether, writes Charlotte Lytton. A recent survey found that 40% of business leaders think recent Gen Z college grads are unprepared when they enter the workforce. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Dan DeFrancesco, weren't, Zers, Chelsea Jia Feng, Zers aren't, Charlotte Lytton, It's, Alix Earle, NFTs, TikTok hasn't, Earle, Alix Earle's TikToks, @alixearle, Spencer Platt, Goldman Sachs, we've, David Rosenberg, Rosenberg, Kevin Dietsch, Marc Benioff, they're begrudgingly, Arantza Pena Popo, Corizon, Sen, Elizabeth Warren, James Webb, Stephen King, Holly Gibner, Rice, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Electric, Wall, Tech, University of Miami, Getty, JPMorgan, Amazon, James, James Webb Telescope, Hubble, NASA, ESA, CSA, Costco, Kirkland Locations: Wall, Silicon, NFTs, Blackstone, Bridgewater, Seoul, New York City, San Diego, London, New York

☆ Prison healthcare giant Corizon reaches tentative bankruptcy deal that could shortchange prisoners; Sen. Elizabeth Warren pledges oversight
▼ + stars: | 2023-09-01 | by ( Dakin Campbell | Nicole Einbinder | ) www.businessinsider.com time to read: +9 min

Sen. Elizabeth Warren has called Corizon's use of the Two-Step "an alarming red flag." Sylvia Jarrus for InsiderCorizon Health rebranded as Tehum Care Services last year and filed for bankruptcy in February. The other company, Corizon, later rebranded as Tehum, received most of the parent company's liabilities — and then declared bankruptcy. Warren is "actively looking" into the Corizon Two-Step, Sarabia confirmed last week, before the settlement was announced. US Bankruptcy Court, Southern District of TexasSome creditors have worried for months that the company would reach a settlement on unfavorable terms.

Persons: Elizabeth Warren, Isaac Lefkowitz, Sen, William Kelly, Sylvia Jarrus, Tehum, Tracey Grissom, Hector Garcia, Corizon, Christopher Lopez, Aaron Kaufman, Kaufman, YesCare, Alex Sarabia, Warren, Sarabia, Warren's, it's, Dick Durbin, Johnson, Durbin, Judge Lopez, Nick Zluticky, Lopez, Zluticky Organizations: Corizon Health, Health, Corizon, Tehum Care, Alabama, US, Southern, Southern District of Texas, Alabama Department of Corrections, Court, Tehum, Committee Locations: Sen, Texas, Saginaw , Michigan, Michigan, New Mexico, Tehum, Southern District, Corizon's Texas, Delaware

☆ US senators push drugmakers for details on low-cost insulin programs
▼ + stars: | 2023-08-31 | by ( Patrick Wingrove | ) www.reuters.com time to read: +2 min

Democratic Senators Maggie Hassan and Tina Smith sent a letter asking the drugmakers for information on eligibility criteria for the programs, including whether a patient’s insurance status or income barred them from joining, and the steps insulin users had to take to sign up. Novo, Lilly and Sanofi, which account for 90% of the U.S. insulin market, pledged in March to lower the list prices of many of their insulin products by 70%-78% later this year or in 2024. The White House on Tuesday announced that a Novo insulin was among the 10 high-cost prescription drugs selected for the first-ever price negotiations by the U.S. Medicare health program that covers 66 million people. Hassan and Smith argued that to enroll in the drugmakers’ insulin programs, patients had to go through a lengthy and complicated process that required them fill out five to 10 pages of documentation and wait an unknown amount of time for approval. Around 8.4 million of the 37 million people in the United States with diabetes use insulin, according to the American Diabetes Association.

Persons: George Frey, Eli Lilly, Maggie Hassan, Tina Smith, Lilly, Biden, Elizabeth Warren, Hassan, Smith, Patrick Wingrove, Bill Berkrot Organizations: Novo Nordisk Pharmaceutical, REUTERS, Novo Nordisk, Sanofi, Democratic, U.S, Democrat, American Diabetes Association, Thomson Locations: Provo , Utah, U.S, United States

☆ Zelenskiy says elections could happen under fire if West helps
▼ + stars: | 2023-08-27 | by ( Nick Starkov | ) www.reuters.com time to read: +3 min

He said it cost 5 billion hryvnia ($135 million) to hold elections in peacetime. "So I told him that if the US and Europe provide financial support ..."He added, "I will not take money from weapons and give it to elections. Zelenskiy said he told Graham that election observers would have to go to the trenches. "I told him: You and I should send observers to the frontlines so that we have legitimate elections for us and for the whole world." "They are defending this democracy today, and not to give them this opportunity because of war - that is unfair.

Persons: Volodymyr Zelenskiy, Lindsey Graham, Kyiv's, Vladimir Putin, Natalia Moseichuk, Graham, Lindsey, Zelenskiy, Richard Blumenthal, Elizabeth Warren, You've, Nick Starkov, Elaine Monaghan Organizations: Top, Russian, European Union, Republican, Thomson Locations: Ukraine, Europe, Washington

☆ The Fed isn't done fighting inflation — but it'll ensure its next big decision won't bring 'unnecessary harm' to consumers
▼ + stars: | 2023-08-25 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

He did not specify what the bank's next move will be and committed to reaching the 2% inflation target. On Friday, Powell took the podium for the Fed's annual economic policy symposium hosted by the Kansas City Fed. Doing too much could also do unnecessary harm to the economy," Powell said during his remarks. The unemployment rate has offered another promising sign for the Fed in its inflation fight. Chair Powell must maintain the Fed's pause on rate hikes and avoid further rate increases that threaten our economy and risk throwing Americans out of work."

Persons: Jerome Powell, Jackson, Powell, —, it's, Massachusetts Sen, Elizabeth Warren, Greg McBride Organizations: Service, Kansas City Fed, Fed, Democratic Locations: Wall, Silicon, Jackson Hole , Wyoming, Massachusetts

The rule is part of a broader push by Congress and regulatory authorities to crack down on crypto users who may be failing to pay their taxes. It would also subject digital asset brokers to the same information reporting rules as brokers for other financial instruments, such as bonds and stocks, Treasury said. Brokers would need to send the forms to both the IRS and digital asset holders to assist with their tax preparation. The new requirements stem from the $1 trillion 2021 Infrastructure Investment and Jobs Act, which included a provision that aimed to increase tax reporting requirements for digital asset brokers. It instructed the IRS to define what firms qualified as crypto brokers and provide forms and instructions for reporting.

Persons: Dado Ruvic, Kristin Smith, Miller Whitehouse, Levine, Elizabeth Warren, Hannah Lang, Deepa Babington, Michelle Price Organizations: REUTERS, Internal Revenue Service, Treasury, Treasury Department, IRS, Investment, Jobs, Blockchain, DeFi, Democratic, Thomson Locations: U.S, Washington

☆ Biden should speed up the process for canceling student debt broadly for millions of borrowers and get it done by early next year, 87 Democratic lawmakers say
▼ + stars: | 2023-08-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

It's been a year since Biden announced his first plan to cancel student debt broadly. On Thursday, 87 Democratic lawmakers urged him to get relief to borrowers by early 2024. Biden is working on a new route for debt relief, but it could take at least a year. On Thursday, 87 Democratic lawmakers, including Senate Majority Leader Chuck Schumer, Sen. Elizabeth Warren, and Rep. Alexandria Ocasio-Cortez, sent a letter to Biden urging him to cancel student debt for millions of borrowers by early next year. That's why Democrats want the president to move quickly and end the relief limbo for millions of borrowers with federal student debt.

Persons: It's, Biden, Joe Biden, —, Chuck Schumer, Sen, Elizabeth Warren, Alexandria Ocasio, Cortez Organizations: Democratic, Service, Higher, Education Department Locations: Wall, Silicon, Alexandria

☆ US SEC readies vote on regulatory overhaul for private funds
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. At the time it was proposed, SEC Chair Gary Gensler said the changes would benefit investors in such funds, typically wealthy individuals and institutional investors like pension funds, and companies raising capital from them. "Private fund advisers, through the funds they manage, touch so much of our economy. Private funds reported holding $20.4 trillion in gross assets by the end of 2022, versus $8 trillion about a decade earlier, according to data available on the SEC's website. "We don't see that the SEC is solving anything with this," said Jack Inglis, CEO of the Alternative Investment Management Association.

Persons: Andrew Kelly, Gary Gensler, Sherrod Brown, Elizabeth Warren, Jennifer Han, Jack Inglis, Chris Prentice, Douglas Gillison, Michelle Price, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Exchange, Fund, SEC, Democratic, Industry, Citadel LLC, Association, Alternative Investment Management Association, Carolina, Thomson Locations: Washington ,, New York, Washington

☆ Biden's student-debt relief plans will once again face GOP challenges when Congress returns this fall
▼ + stars: | 2023-08-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Biden formally launched the new income-driven repayment plan, known as the SAVE plan. "Just like Biden's student debt transfer scheme, this IDR rule is deeply unfair to the 87 percent of Americans who currently have no student loans and will now have to foot the bill for someone else's debt." Spokespeople for both lawmakers confirmed to Insider that they will introduce bills in the House and Senate to overturn the SAVE plan. Massachusetts Sen. Elizabeth Warren wrote on X, formerly Twitter, on Tuesday that "Biden's SAVE plan helps Americans with student debt by capping interest growth and lowering monthly payments. In addition to repayment reforms for borrowers, the Education Department is also in the process of implementing broad debt relief again using the Higher Education Act of 1965.

Persons: Biden, Foxx, Cassidy, Joe Biden's, Virginia Foxx, Sen, Bill Cassidy —, —, Massachusetts Sen, Elizabeth Warren Organizations: Service, Education Department, Politico, GOP, Senate, Higher Locations: Wall, Silicon, Massachusetts

☆ US OKs state auto-repair law after raising hacking concerns
▼ + stars: | 2023-08-22 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

After discussions with Massachusetts, NHTSA said the state had clarified that automakers could comply with the law using a "short-range wireless compliance approach, implemented appropriately." The Massachusetts attorney general's office said it appreciated "NHTSA’s clarification today that our state law is not preempted by federal law." Automakers now must comply with the state law, the office said. The Alliance for Automotive Innovation, a trade group representing major automakers including General Motors (GM.N), Toyota Motor (7203.T) and Volkswagen (VOWG_p.DE) declined to comment but previously argued the state law would require automakers "to remove essential cybersecurity protections from their vehicles." The White House competition council engaged behind the scenes to help reach a resolution, a senior administration official said.

Persons: Brian Snyder, general's, Senators Elizabeth Warren, Ed Markey, David Shepardson, Jonathan Oatis, Andy Sullivan Organizations: Boston, REUTERS, Rights, Traffic Safety Administration, NHTSA, Alliance, Automotive Innovation, General Motors, Toyota, Volkswagen, Senators, Massachusetts, House, Thomson Locations: Somerville , Massachusetts, U.S, Massachusetts

☆ Hidden investors took over Corizon Health, a leading prison healthcare company. Then they deployed the Texas Two-Step.
▼ + stars: | 2023-08-21 | by ( Nicole Einbinder | Dakin Campbell | ) www.businessinsider.com time to read: +63 min

The nurse practitioner on duty that day was employed by Corizon Health, Inc., one of the nation's largest private prison healthcare providers. Under federal law, a bankruptcy judge may respond to evidence of self-dealing or perjury by appointing a trustee to take control of the bankrupt company, bankruptcy experts told Insider. Just six months before the Garcia family was scheduled to have their day in court, Corizon filed for bankruptcy. "The Corizon bankruptcy is presently in a court ordered mediation, and we are seeking a global resolution for all the parties involved." Goldberger's attorney, Joseph Haspel, responded to queries with a statement saying that "Mr. Goldberger is a passive investor" in Corizon, Tehum, YesCare, Perigrove, and Perigrove 1018.

Persons: Hector Garcia, Garcia, wriggling, Adria Malcom, Corizon, Bryan Baker, —, Doña Ana, Corizon ., Garcia's, Daniel Jimenez, Gina Macias, Belen Lowery, Hector Garcia , Jr, it's, Johnson, Tehum, Sen, Elizabeth Warren, I've, Isaac Lefkowitz, James Hyman, YesCare, Lefkowitz, Ian Cross, Lynn LoPucki, Tracey Grissom, William Kelly, Kelly, Hector Garcia Jr, Hector Jr, Ricky, he'd, Hector Garcia's, Ana County , New Mexico Hector Jr, Matt Coyte, Coyte, Hyman, didn't, Sara Tirschwell, Kholood, Tirschwell, Jason S, Ana County, Nick Tomecek, Christopher Atkinson, Wendy McGee, McGee, Stephanie Kiger, Anita Skipper, Atkinson, He's, Simche Steinberger, England, Steinberger's, Steinberger, Michael Flacks, Sylvia Jarrus, Cross, he's, David Gefner, Abraham Goldberger, Gefner, Perigrove, Terrence A, they'd, Oved, Goldberger, CHS Dana Anna, Flacks, Moneyman, Joel Landau, Joseph Haspel, Haspel, Andrew Levander, Landau, James Hyman's, It's, Genesis, David Harrington, Bill de Blasio, there'd, Hindenburg, David Paterson, Mark Roe, availing, Dick Durbin, Gefner . Lefkowitz, Tirschwell —, Davidson Kempner, Tim Hunter, Tirschwell's, catastrophically, Tirschwell's playbook, Jeff Sholey, Sholey, Steven Storch, Daniel's Organizations: Detention, Insider, Corizon Health, Inc, Housing, University of Missouri Health Care, Arizona Department of Corrections, Rehabilitation, Senate Banking Committee, Court, Middle, University of Florida, Alabama, futon, Health Services, New, Arizona, BlueMountain Capital Management, Flacks, Revenue, Corizon, New York Times, Tehum Care Services, CHS, YesCare Holdings, Okaloosa, Wyoming Department of Corrections, University of West, YesCare, Public, Alabama Department of Corrections, . Alabama Department of Corrections, Tehum, US, University of Missouri, LinkedIn, Flacks Group, Consulate Health Care, Justice Department, YesCare Corp, United Staffing Solutions, Charlotte, CHS Okaloosa, United, Solutions, Pharmacorr, Trade Center, Securities and Exchange Commission, Hindenburg Research, Alabama Department, Corrections, Geneva Consulting, Genesis Healthcare, Trade, Geneva, New York Stock Exchange, Pinta Capital Partners, The, Pinta Capital, New York Gov, Staffing Solutions, DG Realty, Harvard Law School, ACLU, Public Justice, Lawyers, Seven Trade, World Trade, Gefner, Southern, Southern District of Texas, The Alabama Department of Corrections, Southern Poverty Law Center, Medicare, Services, Quest Turnaround Advisors, New York City, Republican, city's Campaign Finance, CFB, Campaign Finance, Finance Locations: Ana, Las Cruces , New Mexico, facility's, Doña, Jimenez's, Las Cruces, Houston, New, Rockland County, Texas, Middle District, Tennessee, Michigan, Virginia, New York, Oregon, Idaho, New Mexico, Ana County , New Mexico, Corizon, Florida, New York City, A, York, Nashville, Missouri, Brentwood , Tennessee, Delaware, Okaloosa, Florida's panhandle, Okaloosa County, Okaloosa County , Florida, University of West Florida, YesCare, Wyoming, Shawnee County , Kansas, Bernalillo County , New Mexico, Tehum, Perigrove, Suffern, Brooklyn, America, Manhattan, Suffern , New York, Geneva, nonpayment, United States, Rivington, Alabama, Southern District, Wexford, Maine, Corizon's Texas, Mexico, Tirschwell's, YesCare Corp

☆ These 6 senators made more money from selling books than from their day jobs last year
▼ + stars: | 2023-08-15 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Senators raked in hundreds of thousands of dollars from book sales in 2022, disclosures show. Raphael Warnock, Ted Cruz, Elizabeth Warren, Tim Scott, and others. In fact, a handful of senators made far more from book sales than their congressional salaries in 2022, according to recently-filed financial disclosures. Other senators reported significant windfalls from book sales in 2022 as well. Sen. Raphael Warnock disclosed details of his book tour on his 2022 financial disclosures.

Persons: Sens, Raphael Warnock, Ted Cruz, Elizabeth Warren, Tim Scott, hasn't, Democratic Sen, Raphael Warnock —, Republican Sen, Tammy Duckworth, Tom Cotton, Tim Scott of, Elizabeth Warren of, Independent Sen, Bernie Sanders, JD Vance, Mazie Hirono, Amy Klobuchar, Cruz, Warnock, Sen, Warren Organizations: Service, American, Democratic, Republican, Illinois, Independent, Vermont Locations: Wall, Silicon, States, Washington, Ted Cruz of Texas, Arkansas, Tim Scott of South Carolina, Elizabeth Warren of Massachusetts, Ohio, Minnesota, Texas, Georgia

☆ Amazon Pharmacy automates discounts to help insulin patients get pledged prices
▼ + stars: | 2023-08-15 | by ( Patrick Wingrove | ) www.reuters.com time to read: +3 min

Aug 15 (Reuters) - Amazon.com (AMZN.O) said on Tuesday its online pharmacy will automatically apply manufacturer-sponsored coupons to more than 15 insulin and diabetes medicines to help patients access discounts pledged by the drug industry. Vin Gupta, Amazon Pharmacy's Chief Medical Officer, said the report highlighted the need to make it easier for patients to get their insulin at the lowest possible prices. Amazon Pharmacy will also automatically apply available discounts to diabetes-related medical devices from manufacturers Dexcom and Insulet, including continuous glucose monitors and pumps, as well as to other cardiometabolic medicines such as Novo's powerful weight-loss drug Wegovy. American Diabetes Association Chief Executive Officer Charles Henderson said Amazon's automated discounting would help the 37 million Americans with diabetes more easily access the treatments they need. So, we're going to create options that gives them access to these medications," Amazon Pharmacy Vice President John Love told Reuters.

Persons: Eli Lilly, Lilly, Elizabeth Warren, Vin Gupta, Wegovy, Charles Henderson, John Love, Patrick Wingrove, Sandra Maler Organizations: Amazon Pharmacy, Novo Nordisk, Sanofi, Amazon, Congress, American Diabetes Association, Walgreens, Reuters, Thomson Locations: New York

☆ Democrats are increasingly optimistic about the IRS' plan to offer free tax prep software and break TurboTax and H&R Block's stranglehold
▼ + stars: | 2023-08-14 | by ( Madison Hall | ) www.businessinsider.com time to read: +5 min

A small part of the Inflation Reduction Act instructed the IRS to look into developing a free tax filing program. According to a Bloomberg Second Measure report, TurboTax is by far the most popular tax filing service with a 73 percent market share in May 2021. "The Free File program, which was created in partnership with tax preparation companies, clearly has not been successful in over two decades." Intuit, which makes TurboTax, and H&R Block both pulled out of the Free File Alliance during the pandemic. "Americans will be powerless when the IRS completely controls the tax filing process from start to finish."

Persons: It's, Joe Biden, Don Beyer, Beyer, Katie Porter, it's, Porter, Sen, Elizabeth Warren, Jason Smith Organizations: IRS, Service, Privacy, Democratic, Internal, Bloomberg, Coalition For Free, Rep, Alliance, Intuit, Office, Republican, Biden Administration Locations: Wall, Silicon, California

☆ Opinion: The shattering aftermath in Maui
▼ + stars: | 2023-08-13 | by ( Richard Galant | ) edition.cnn.com time to read: +16 min

CNN —The Polynesian demigod Maui was so powerful he could raise islands up from the ocean floor and capture the sun to slow it down. We know Lahaina will be rebuilt, and the government response — city, state and federal — will be a huge part of that. “You can beat the drum of ‘women’s rights’ and defend tooth-and-nail women’s sports, so long as you only do so to denigrate trans women.”For more on the World Cup:Shaista Aziz: This Women’s World Cup has been unlike any other. That’s a great thingAmy Bass: The US loss at the Women’s World Cup sends a clear messageBill Bramhall/Tribune Content AgencyLet’s make a deal? In a country where federal prosecutors overwhelmingly win their cases, Trump’s odds of going to trial and winning both federal cases are slim — and he may face similarly daunting odds in the other cases.

Persons: Bill Weir, Jeff Melichar, ” Clay Jones, Melichar, “, Shaw, Naka Nathaniel, Kaua’i “, ”, ALICE, Lawrence Downes, ” Drew Sheneman, Peter Bergen, Laura Tillman, ” “, David Petraeus, ” Bergen, Tillman, Donald Trump’s, Joe Biden’s, ” Mary Ziegler, ” Ziegler, Roe, Patrick T, Brown, Wade, Kevin McCarthy, Biden, “ Biden, Julian Zelizer, ” Dana Summers, Donald Trump, Podcaster Megyn Kelly, “ I’m, Nicole Hemmer, Megan “ Rapinoe, Kelly, Shaista Aziz, Amy Bass, Bill Bramhall, Will Handelsman, it’s, Trump, William D, Cohan, Puck, David Rubenstein, Scott Galloway, Jill Filipovic, “ Trump, Galloway, pardoning, ” Filipovic, …, Jesus, Kelli Rhee, Rhee, ” Don’t, Drew Sheneman, Agency Brian Elmore, Sen, Elizabeth Warren, Adam Kinzinger, Ukraine Aanchal Saraf, Rebecca H, Oppenheimer’s, Joseph, I’ll, Neil J, Holly Thomas, Sara Stewart, “ Oppenheimer, Christopher, “ Barbie, “ Barbie ”, ” Stewart Organizations: CNN, Coast Guard, Honolulu Civil, ‘, Aloha, New York Times, …, Agency, UN, Republican, GOP, ”, Republicans, Democratic, Federal, FIFA, US, National Soccer Team, New York University, Trump, Arnold Ventures, Ukraine Aanchal, Warner Bros . Locations: Maui, Lahaina, Hawaii, Naka, Hilo, Kaua’i, Afghanistan, Afghanistan’s, Kabul, Ohio, California , Vermont, Michigan, Georgia, Trump, Ukraine

☆ Only a couple dozen student-loan borrowers have gotten their debt wiped out in court since Biden announced changes nearly a year ago to make the process easier
▼ + stars: | 2023-08-11 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Biden announced reforms to the bankruptcy process for student-loan borrowers in November. In November, the Education and Justice Departments announced they were changing the way student-loan borrowers can attempt to discharge their loans through bankruptcy. The bankruptcy process for student-loan borrowers has also been under increased scrutiny recently from lawmakers on both sides of the aisle. Ron DeSantis also recently said during remarks unveiling his economic plan should he be president that he supports bankruptcy as a path for student-loan borrowers. As is typical with government programs, implementing changes to the bankruptcy process could take some time.

Persons: Biden, It's, Joe Biden, Aaron Ament, it's, Massachusetts Sen, Elizabeth Warren, Ron DeSantis Organizations: Student Defense, Service, Education, Justice, Education Department, Student, of Education, Public, An Education Department, Department of Education, Department of Justice, Justice Department, Florida Gov Locations: Wall, Silicon, Washington, Massachusetts

☆ Top regulators defend stricter merger guidelines, call 'hysteria' overblown
▼ + stars: | 2023-08-10 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — Two of the nation's top corporate regulators on Thursday defended new guidelines on merger enforcement that have attracted pushback from the business community. "Which mergers go through and which ones do not can be hugely consequential for people's lives," Lina Khan, Federal Trade Commission chair said at an event hosted by the nonprofit American Economic Liberties Project. Khan was joined at the event by Jonathan Kanter, assistant attorney general for the Justice Department's antitrust division. "I think a lot of the hysteria is perhaps overblown, that we're not blocking every merger," Kanter said. The draft guidelines were released jointly by the Federal Trade Commission and the Justice Department's Antitrust Division in July.

Persons: Antitrust Jonathan Kanter, Lina Khan, Khan, Jonathan Kanter, Kanter, There's, Sen, Elizabeth Warren, Neil Bradley, Bradley Organizations: Antitrust, Federal Trade, American Bar Association Antitrust, Marriott Marquis, Washington , D.C, WASHINGTON —, Federal Trade Commission, American Economic Liberties, Justice, Justice Department's Antitrust, Albertsons, U.S . Chamber of Commerce, DOJ, FTC Locations: Washington ,

☆ Opinion | A Bipartisan Plan to Limit Big Tech
▼ + stars: | 2023-08-09 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “We Have a Way for Congress to Rein In Big Tech,” by Lindsey Graham and Elizabeth Warren (Opinion guest essay, July 27):The most heartening thing about the proposal for a Digital Consumer Protection Commission is its authorship. After years of zero-sum legislative gridlock, to see Senators Warren and Graham collaborating is a ray of hope that governing may someday return to the time when opposing parties were not enemies, when each party brought valid perspectives to the table and House-Senate conference committees forged legislation encompassing the best of both perspectives. David SadkinBradenton, Fla.To the Editor:Senators Lindsey Graham and Elizabeth Warren propose a new federal mega-regulator for the digital economy that threatens to undermine America’s global technology standing. A new “licensing and policing” authority would stall the continued growth of advanced technologies like artificial intelligence in America, leaving China and others to claw back crucial geopolitical strategic ground.

Persons: Lindsey Graham, Elizabeth Warren, Warren, Graham, David Sadkin Organizations: Rein In Big Tech, Consumer Protection Commission Locations: Fla, America, China

☆ Elizabeth Warren and Ron DeSantis agree on one way student-loan borrowers should get a path to relief: getting rid of debt in bankruptcy court
▼ + stars: | 2023-08-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

DeSantis have expressed support for student loans to be dischargeable in bankruptcy. Borrowers previously had to meet a strict standard to get rid of their debt in court. But a path for student-loan borrowers to get rid of their debt in court might just be that opportunity. When a student-loan borrower finds they cannot afford their monthly payments, they cannot simply declare bankruptcy and be absolved of their debt. Still, both Warren and DeSantis have argued all borrowers should face an easier path to bankruptcy if they are dealing with unaffordable student debt.

Persons: Sen, Warren, DeSantis, It's, Massachusetts Sen, Elizabeth Warren, Ron DeSantis, Joe Biden, we've, General Merrick Garland, Thomas Massie Organizations: Gov, Justice, Service, Florida Gov, Education, Economic, GOP, Education and Justice Department, Consumer Financial Locations: Wall, Silicon, Massachusetts, Florida

☆ House Democratic leaders are once again backing an anti-abortion lawmaker for re-election in 2024
▼ + stars: | 2023-08-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

House Democratic leaders are backing Texas Rep. Henry Cuellar's 2024 re-election bid. That's despite his an FBI raid on his home, his opposition to abortion, and other conservative positions. In addition to Jeffries, Cuellar has the backing of the rest of the top echelon of House Democratic leadership, including Democratic Caucus Chairman Rep. Pete Aguilar of California, Democratic Whip Rep. Katherine Clark of Massachusetts, and Assistant Democratic Leader Rep. Jim Clbyrun of South Carolina. He also has the backing of former House Speaker Rep. Nancy Pelosi of California and former House Majority Leader Rep. Steny Hoyer of Maryland. She lost to Cuellar by less than 300 votes last cycle, despite the backing of progressives including Rep. Alexandria Ocasio-Cortez of New York and Sen. Elizabeth Warren of Massachusetts.

Persons: Henry Cuellar's, That's, Henry Cuellar, Hakeem Jeffries, Jeffries, Cuellar, Pete Aguilar, Katherine Clark of, Jim Clbyrun, Nancy Pelosi, Steny Hoyer, Jessica Cisneros, Alexandria Ocasio, Cortez, Sen, Elizabeth Warren of Massachusetts Organizations: Democratic, Texas, FBI, Cuellar, Service, House Democratic Caucus, National Rifle Association, POLITICO, Texas Tribune, Maryland, Rep Locations: Wall, Silicon, Texas, South Texas, New York, Pete Aguilar of California, Katherine Clark of Massachusetts, South Carolina, California, Alexandria, Cortez of New York

☆ Ron DeSantis says he has 'sympathy' for some student-loan borrowers — and wants to make it easier for them to get rid of their debt in court
▼ + stars: | 2023-08-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Ron DeSantis said he supports bankruptcy as an option for student-loan borrowers. The Education and Justice Departments announced reforms to ease the bankruptcy process. But he does think bankruptcy should be an option for borrowers who cannot afford to pay off their debt. Debate over the issue of bankruptcy for student-loan borrowers has been ongoing, and a topic lawmakers on both sides of the aisle have been concerned about. Last week, Warren requested updated information from the Justice Department on the status of implementation of the new reforms to the process.

Persons: Ron DeSantis, DeSantis, we've, Joe Biden's, Biden, Massachusetts Sen, Elizabeth Warren, Warren Organizations: Justice, Service, Gov, Economic, Joe Biden's Education Department, Education Department, Justice Department, DOJ, ED Locations: Wall, Silicon, Massachusetts

☆ Federal student-loan balances will start growing again in one month when interest returns
▼ + stars: | 2023-08-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

In October, student-loan borrowers will start making payments again. The Education Department announced a number of steps to ease the transition back into repayment. In March 2020, former President Donald Trump first implemented the student-loan payment pause, with waived interest, to give millions of federal borrowers financial relief during the pandemic. An Education Department spokesperson confirmed in June that there is no leeway with that provision. "Student loan interest will resume starting on September 1, 2023, and payments will be due starting in October," a department spokesperson said.

Persons: Donald Trump, Joe Biden, Biden, —, Massachusetts Sen, Elizabeth Warren, New Jersey Sen, Bob Menendez, servicers, Virginia Foxx, Sen, Bill Cassidy —, doesn't, Cassidy, we'll, Miguel Cardona Organizations: The Education Department, Service, Federal, An Education Department, Education Department, Higher, SAVE, Democratic, House, Department Locations: Wall, Silicon, Massachusetts, New Jersey

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