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Search resuls for: "Gabriel T. Rubin"


9 mentions found


☆ Student-Loan Forgiveness: Who Qualifies for Biden’s Plan and How to Apply
  + stars: | 2022-10-21 | by ( Julia Carpenter | Gabriel T. Rubin | ) www.wsj.com   time to read: 1 min
President Biden’s student-loan plan would reduce or wipe out the debt of millions of borrowers. “Millions and millions of people—working and middle class folks—can apply and get this relief. It’s simple and it’s now,” said President Biden on Oct. 17. The beta launch of the site received over eight million applications, according to the White House.
☆ Biden Administration Launches Application Portal for Student-Loan Forgiveness
  + stars: | 2022-10-17 | by ( Andrew Restuccia | Gabriel T. Rubin | ) www.wsj.com   time to read: 1 min
WASHINGTON—The Biden administration launched an online portal that will allow individuals with federal student loans to apply for up to $20,000 in debt forgiveness, formally kicking off a program threatened by an array of legal challenges. More than eight million people applied for relief over the weekend following the Education Department’s launch of a beta test version of the application, the administration said. Mr. Biden said the testing period was deemed a success by the Education Department’s leadership, allowing the administration to officially launch the application on Monday.
☆ Student-Loan Forgiveness: Who Qualifies for Biden’s Plan, and How to Submit an Application
  + stars: | 2022-10-14 | by ( Julia Carpenter | Gabriel T. Rubin | ) www.wsj.com   time to read: 1 min
President Biden’s student-loan plan will reduce or wipe out the debt of millions of borrowers. The beta launch of the application for debt relief is online. The official launch is later this month, and applications won’t be processed until the official launch, according to the Department of Education. Borrowers must apply by Dec. 31, 2023.
☆ Supplier-Price Report to Offer Clues on September Inflation Trend
  + stars: | 2022-10-12 | by ( Gabriel T. Rubin | ) www.wsj.com   time to read: 1 min
A September report on prices charged by U.S. suppliers, set to be released on Wednesday, could provide new evidence of whether the Federal Reserve’s efforts to slow inflation are succeeding. The producer-price index, which measures the prices that suppliers are charging businesses and other customers, can reflect price trends that eventually affect consumer-level inflation, since businesses eventually pass on their costs, or savings, to consumers. An easing of producer-price increases could point to changes in consumer inflation, which is running close to a four-decade high.
☆ U.S. Supplier Prices Increased in September, Maintaining Pressure on Inflation
  + stars: | 2022-10-12 | by ( Gabriel T. Rubin | ) www.wsj.com   time to read: 1 min
U.S. suppliers raised prices in September from the prior month, keeping pressure on inflation that remains high but is easing some compared with a year ago. The producer-price index, which measures the prices that suppliers are charging businesses and other customers, rose a seasonally adjusted 0.4% last month compared with a revised 0.2% decrease in August, the Labor Department said on Wednesday. Higher food prices and home-heating costs drove the increase.
☆ Labor Department Proposes Changes to Independent Contractor Rules
  + stars: | 2022-10-11 | by ( Gabriel T. Rubin | ) www.wsj.com   time to read: 1 min
A delivery driver for UberEats and DoorDash in New York last January. The rule change could make it harder for companies to classify workers as independent contractors. The Labor Department said it would revisit rules that designate whether workers are classified as employees or independent contractors, a move that could affect millions of gig and contract workers in healthcare, restaurants, ride-share transportation, and many other industries. The department released a rule proposal on Tuesday that would change how labor laws define independent contractors. The new rule, if approved, would rely on a “multifactor economic reality test” to determine whether a worker is truly in business by themselves and controls aspects of their employment like whether they perform managerial duties, how they are supervised and whether they are able to set prices.
☆ Biden Rule Would Add More Gig Workers to Company Payrolls
  + stars: | 2022-10-11 | by ( Gabriel T. Rubin | David Harrison | ) www.wsj.com   time to read: 1 min
The Biden administration is proposing a new rule that could put more gig workers on company payrolls, scrapping a Trump administration rule from 2021 that made it easier for firms to classify workers as independent contractors. The proposal, released Tuesday, would affect millions of workers across a range of industries, including healthcare, restaurants, construction and ride-share transportation, the Labor Department said.
☆ Jobless Claims Rose Slightly Last Week but Remain Close to Prepandemic Average
  + stars: | 2022-09-22 | by ( Gabriel T. Rubin | ) www.wsj.com   time to read: 1 min
U.S. applications for unemployment benefits rose slightly after five consecutive weeks of decline as many employers continue to hold on to workers despite a slowing economy. Initial jobless claims, a proxy for layoffs, increased to a seasonally adjusted 213,000 last week from a revised 208,000 the previous week, the Labor Department said Thursday. The total was slightly lower than the prepandemic average of 218,000 in 2019, when the labor market was also tight.
☆ Legal Challenges to Student Loan Forgiveness Loom Before Midterms
  + stars: | 2022-09-20 | by ( Gabriel T. Rubin | Jacob Gershman | ) www.wsj.com   time to read: 1 min
WASHINGTON—The Biden administration and Republican opponents of mass student debt cancellation appear headed for a legal confrontation with hundreds of billions of dollars at stake just weeks before the November midterm elections. GOP state attorneys general, conservative groups and federal lawmakers are laying the groundwork to challenge President Biden’s executive action to cancel up to $20,000 of debt for most of the 40 million people with federal student loan debt. Would-be plaintiffs can’t take action until the administration makes a formal move toward cancellation, such as releasing an application for loan forgiveness or wiping out the balances of a first batch of borrowers.
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