DIRS.INFO The most relevant business & tech news

☆ An architect of the law Biden is using to cancel student debt reiterates that it 'could hardly be clearer' that the loan forgiveness is legal
▼ + stars: | 2023-02-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

He argued that it "could hardly be clearer" that the HEROES Act permits broad loan forgiveness. Miller wrote in a Wednesday opinion piece in The Washington Post that Biden's loan forgiveness falls exactly within what the law permits. "That language could hardly be clearer," Miller wrote. "Sure, Congress could have gone farther by requiring the Education Department to relieve student debt," Miller said. We will continue to defend our legal authority to provide the debt relief working and middle-class families clearly need and deserve."

☆ The Supreme Court lets police officers avoid being sued after they arrested an Ohio man for making fun of cops on Facebook
▼ + stars: | 2023-02-21 | by ( Grace Eliza Goodwin | Ashley Collman | ) www.businessinsider.com time to read: +5 min

The Supreme Court declined to take up his case, effectively allowing the police officers to avoid the lawsuit. Novak appealed that decision to the Supreme Court, even getting the satirical news site The Onion to write an amicus brief. The Supreme Court regularly takes on less than 1% of the case petitions it receives every year, according to News 5 Cleveland. In recent years there has been an effort in the US to end qualified immunity protections for police officers. The George Floyd Justice in Police Act was passed by the House in 2020 and included a section restricting qualified immunity for police officers.

☆ Student-loan borrowers are gearing up to camp overnight outside the Supreme Court ahead of arguments on Biden's debt relief to 'make sure that the justices look into the eyes of borrowers'
▼ + stars: | 2023-02-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Advocates are planning to camp out at the Supreme Court the night before the student debt arguments. The Supreme Court will be taking on the two lawsuits that blocked Biden's debt relief on February 28. "We're going to move forward and stay in this fight"The Supreme Court will be taking on two lawsuits that blocked Biden's debt relief. One was filed by two student-loan borrowers who sued because they did not qualify for the full $20,000 amount of debt relief. "It's simple: our Administration is confident that our student debt relief program is fully legal," Biden wrote on Twitter.

☆ Some critics of Biden's student-loan forgiveness say the relief will help rich people the most. New data suggests the exact opposite.
▼ + stars: | 2023-02-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

New Education Department data suggested Biden's student-debt relief would benefit the lowest earners the most. It said that 81% of all applications received came from the bottom 80% of Congressional districts by average income. It used data from the department, along with the US Census Bureau, to make those estimates. But it's reasonable to say that Biden's relief would work as intended, targeting it to the lowest earners. Now, all eyes are on the Supreme Court to see if those borrowers will end up actually getting relief.

☆ 12 million student-loan borrowers could benefit from Biden's debt cancellation in the districts of the House Republicans who urged the Supreme Court to strike the relief down
▼ + stars: | 2023-02-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

128 House Republicans filed an amicus brief to the Supreme Court opposing student-debt relief. New data found that nearly 12 million borrowers in their districts would benefit from the relief. On Friday, the department unveiled data showing the breakdown of student-loan borrowers who applied, and were deemed eligible, for President Joe Biden's up to $20,000 in debt relief by congressional district. Over the past few weeks, 128 House Republican lawmakers filed an amicus curiae brief to the Supreme Court ahead of oral arguments on February 28 urging it to strike down Biden's debt relief. As the Education Department has previously said, over 40 million borrowers in total would qualify for Biden's debt relief, and of the 26 million borrowers who applied for the relief before the online application closed in October, 16 million of them had been fully approved.

☆ Republican lawmakers just revived a bill to end the student-loan payment pause and block debt cancellation before Biden's relief plan goes to the Supreme Court
▼ + stars: | 2023-02-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

GOP lawmakers reintroduced a bill to end the student-loan payment pause and block Biden's broad debt relief. This comes just under two weeks before Biden's student-debt relief plan is headed to the Supreme Court. Bill Cassidy and John Thune reintroduced the Stop Reckless Student Loan Actions Act, which would end the ongoing student-loan payment pause and block President Joe Biden from canceling student debt broadly in connection with a national emergency. This comes just under two weeks before Biden's plan to cancel up to $20,000 in student debt is headed to the Supreme Court. House Republicans also recently suggested ending the student-loan payment pause as a proposal it would support in potential budget cuts, and over half of House GOP lawmakers, and nearly all Senate GOP lawmakers, filed amicus curiae briefs to the Supreme Court opposing student-loan forgiveness.

☆ 69 Republican lawmakers call for Biden's student-loan repayment and forgiveness proposals to be 'rescinded,' blasting them as 'blatantly illegal' and 'a smack in the face of taxpayers'
▼ + stars: | 2023-02-13 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

69 GOP lawmakers urged Biden to withdraw his student-loan forgiveness and repayment proposals. They said his proposal to reform income-driven repayment plans is "blatantly illegal." This proposal is reckless, fiscally irresponsible, and blatantly illegal and, as such, it should be rescinded." "Under current IDR plans, most borrowers can expect to repay some or all their debt," the analysis said. "This proposal is reckless, illegal, and will saddle hardworking Americans and future generations with unsustainable debt."

☆ Meet a new mom with $90,000 in student debt who's tired of 'the unfair game' of Biden's loan forgiveness: 'We need this fix'
▼ + stars: | 2023-02-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

She would qualify for the full $20,000 amount of Biden's broad student-debt relief plan. Alexandria Mavin, 33, has $90,000 in student debt. A common thread among opponents of the debt relief plan is that it's unfair to those who have already paid off their loans, or funded their higher educations on their own. "It's crazy to see with just this one student loan being gone, how much financial freedom I'm finding just from one measly $400-a-month student loan," she added. But when it's 45 million people," Mavin said, referring to the number of Americans with student debt, "that's a scam."

☆ Biden touts 'making progress reducing student debt' but doesn't call out the lawsuits blocking his broad loan forgiveness plan during the State of the Union
▼ + stars: | 2023-02-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Biden touted "reducing student debt" during his State of the Union address. He did not mention the ongoing lawsuits that have blocked his broad student-loan forgiveness plan. When it comes to education, the president addressed increasing pay for teachers and providing two years of free community college, but he didn't have much to say about student debt. "And we're making progress by reducing student debt and increasing Pell Grants for working- and middle-class families." "Look, the opponents suing to stop my plan are the only thing standing between millions of Americans' crushing student debt and relief," he wrote on Twitter last month.

☆ Why the law Biden is using to cancel student debt is 'highly strained,' according to a group formed by Obama lawyers aimed at protecting American democracy
▼ + stars: | 2023-02-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Protect Democracy, a group formed by Obama lawyers, filed an amicus brief to the Supreme Court on student debt. It said that Biden's usage of the HEROES Act of 2003 to cancel student debt is "highly strained." While there might be another route to cancel student debt, the group said this relief is an overuse of emergency powers. "It is important to recognize that both student debt and the pandemic have disproportionately harmed lower income and minority communities," the brief said. One regarded Biden's student debt relief, and the other was on Arizona v. Mayorkas.

☆ Betsy DeVos and former GOP lawmakers who helped construct versions of the legislation Biden is using to cancel student debt just told the Supreme Court his plan 'obviously violates' the law
▼ + stars: | 2023-02-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Both briefs criticized the legal path Biden used to cancel student debt, saying relief requires Congressional approval. The Supreme Court is hearing the two lawsuits challenging Biden's relief on February 28. After two conservative-backed lawsuits late last year paused the implementation of Biden's debt relief, the Supreme Court agreed to take up both of the cases on February 28. Per the brief, McKeon was the original author of the HEROES Act of 2001 in response to 9/11, and Kline authored the HEROES Act of 2003. So did former Rep. George Miller, a top Democratic lawmaker on the House education committee who helped construct the HEROES Act of 2003.

☆ Over half of the House GOP and nearly all Senate Republicans signed briefs urging the Supreme Court to block Biden's student-loan forgiveness
▼ + stars: | 2023-02-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

On Friday, 128 of the 222 House Republicans signed onto an amicus brief urging the Supreme Court to block student-debt relief. They both argued that Biden doesn't have the authority to cancel student debt using the HEROES Act of 2003. On Friday, 128 House Republicans signed onto an amicus curiae brief urging the nation's highest court to block Biden's plan to forgive up to $20,000 in student debt for federal borrowers. That's just over half of the GOP composition in the House, with 222 Republicans holding a slim majority in that chamber. Both of the briefs argued that the HEROES Act does not allow for broad loan forgiveness, which a series of other conservative groups reiterated in their own briefs filed to the Supreme Court this week.

☆ Conservative groups are flooding the Supreme Court with calls to block Biden's student-loan forgiveness, arguing that borrowers are 'contractually bound to repay their loans'
▼ + stars: | 2023-02-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Nine conservative groups this week filed amicus briefs to the Supreme Court opposing Biden's student-debt relief. It comes after advocates and scholars filed over a dozen briefs supporting Biden's plan. Conservative groups are making sure the court hears their opinion: that student-loan forgiveness is illegal and should be blocked. Since October, Biden's debt relief plan has been paused due to two conservative-backed lawsuits seeking to permanently block the plan, and the Supreme Court will be taking on both cases on February 28. Still, the fate of student-loan forgiveness rests with the Supreme Court, and it remains to be seen how these briefs will influence its final decision on the legality of canceling student debt.

☆ The case to block Biden's student-loan forgiveness keeps getting weaker, legal experts say
▼ + stars: | 2023-01-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Some legal experts say the lawsuit's standing is questionable due to MOHELA's involvement. The latter case has had some legal experts particularly confounded due to the central role MOHELA has taken in the case. "There's no threat that Missouri may suffer harm to the Lewis and Clark fund when the Lewis and Clark fund hasn't been paid into for over a decade," Nahmias said. Even two law professors who believe Biden's plan to cancel student debt broadly is illegal aren't convinced by the states' lawsuit. "On one hand, when the state created MOHELA over 40 years ago, it made clear that MOHELA is separate," Nahmias said.

☆ Cramer's lightning round: Amicus Therapeutics is an ideal spec
▼ + stars: | 2023-01-24 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Quantumscape Corp : "I think you should take the money and run." Frankly, I don't get it, and that makes me want to look more into it, not just say buy." Loading chart...Amicus Therapeutics Inc : "I think that that stock is an ideal spec." Exact Sciences Corp : "They're losing too much money, to be honest. Array Technologies Inc : "I've been looking for a new way to play solar.

☆ Why 2 law professors who think Biden's student-loan forgiveness is illegal believe the GOP-led states that blocked the debt relief 'utterly lack standing'
▼ + stars: | 2023-01-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Two law professors filed an amicus brief to SCOTUS regarding Biden's student-debt relief. They said they don't think the relief is legal, but the six GOP-led states who sued do not have standing. The states cannot use student-loan company MOHELA in this case, the professors said. The states "utterly lack standing for the remedy they received"Bray and Baude's central argument is that Missouri should not be bringing this lawsuit. If MOHELA will suffer revenue loss from loans it would have serviced prior to debt relief, then MOHELA is the entity that should be suing, they said.

☆ Over a dozen groups just told the Supreme Court that a 'successful' return to student-loan repayment 'hinges' on upholding Biden's debt relief, the Education Secretary says
▼ + stars: | 2023-01-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Over a dozen groups filed amicus briefs to SCOTUS supporting Biden's student-debt relief. Education Secretary Miguel Cardona said in a statement that they reflect "the strength of our legal positions versus the fundamentally flawed lawsuits aimed at denying millions of working and middle-class borrowers debt relief." "As these diverse groups made clear today, student loan borrowers from all walks of life suffered profound financial harms during the pandemic and their continued recovery and successful repayment hinges on the Biden Administration's student debt relief plan," Cardona said. "We will continue to defend our legal authority to provide the debt relief working and middle-class families clearly need and deserve." One of the lawsuits was filed by six Republican-led states who sued because they said the debt relief would hurt their states' tax revenues, along with that of MOHELA.

☆ Biden's student loan forgiveness plan is 'unlawful,' two professors say, but legal challenges carry 'dangerous implications'
▼ + stars: | 2023-01-12 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Although they call President Joe Biden's student loan forgiveness plan "unlawful," two university law professors are urging the Supreme Court to reject the legal challenges that have been brought against it. The Supreme Court has agreed to hear two of those legal challenges. The law professors say it's supposed to be the party most affected by a policy that challenges it in the courts. But the law professors say that, in that case, MOHELA should have brought the legal challenge, not the states. "Missouri is not the proper party to pursue relief for MOHELA's lost loan servicing fees," Baude and Bray wrote.

☆ How Anti-Abortion Activists Bought Access to the Supreme Court
▼ + stars: | 2023-01-07 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +29 min

In exchange for as little as a few thousand dollars in contributions to the nonprofit, these people received easy access to events where Supreme Court justices would be. Supreme Court Historical society trustee Jay Sekulow, center, represented President Trump during the latter's impeachment trial in 2020. Anti-abortion advocates cheer in front of the Supreme Court after the decision in Burwell v. Hobby Lobby Stores was announced in 2014. Alito did not respond to a request for comment on his involvement in the Supreme Court Historical Society. Supreme Court justices, though, aren't even required to stay within those weak guardrails because no code of ethics governs justices' behavior.

☆ Mitch McConnell could've tried to block a bill to protect same-sex marriage. He stayed silent about it instead.
▼ + stars: | 2022-12-07 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

Mitch McConnell never publicly offered his position on a bill to protect same-sex marriage. Susan Collins of Maine and Thom Tillis of North Carolina on amendments to the bill, told Insider. "You know, the leader has to look at his conference," Tillis told Insider, referencing his own time as the Speaker of the North Carolina House. Republican Sen. Ted Cruz of Texas, a conservative opponent of the bill, told Insider that "of course" he wished McConnell had taken a vocal position on the bill. As Sinema stood up to embrace the Iowa Republican, McConnell rose from his seat and voted no.

☆ The Supreme Court will hear Biden's student-loan forgiveness case in February. Here's what that means for millions of borrowers waiting for relief.
▼ + stars: | 2022-12-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Supreme Court agreed to hear oral arguments on Biden's student-debt relief in February. The good news is that President Joe Biden's debt relief isn't dead in the water — the Supreme Court agreed to hear arguments to the case early next year. In the meantime, all eyes are on the Supreme Court. The issue of standing has long been the focus of not only this specific lawsuit, but the other conservative lawsuits that have sought to block debt relief. "Our student debt relief program is necessary to help 40M eligible Americans struggling under the burden of student loan debt recover from the pandemic," Education Secretary Miguel Cardona wrote on Twitter.

☆ Biden's student-loan forgiveness might not be doomed if the Supreme Court strikes it down — he could take another legal path
▼ + stars: | 2022-12-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

Some advocates and lawmakers argue the Higher Education Act can be used to cancel student debt. "I believe it probably would have been better for him to use the Higher Education Act of 1965," Weiss said. The Higher Education Act as an alternativeSome Democratic lawmakers and experts argue that the authority to cancel student debt has always existed under the Higher Education Act. Legal experts have also voiced support for the Higher Education Act. The Education Department did not immediately respond to Insider's request for comment on whether it is considering pursuing alternative routes to debt relief, including via the Higher Education Act.

☆ Biden's student-loan forgiveness remains blocked after another federal court rejects the administration's attempt to revive its debt relief
▼ + stars: | 2022-12-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

It was in response to Biden's appeal to the court after a Texas judge blocked the relief. Separately, the Supreme Court is expected to rule on an 8th Circuit decision also blocking relief. On Wednesday night, a three-judge panel in the 5th Circuit Court of Appeals ruled that it would not grant the Biden administration's request to pause a district court decision that blocked the implementation of student-loan forgiveness. The Supreme Court has not yet issued a decision on whether it will grant the Biden administration's request to revive debt relief for millions of borrowers. Now, the fate of student-debt relief appears to rest at the Supreme Court.

☆ Why Biden's student-loan forgiveness plan is legal and should be reinstated by the Supreme Court, according to 44 economists, legal experts, and advocates
▼ + stars: | 2022-11-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Biden's administration recently asked the Supreme Court to revive its student-debt relief plan. Biden's Justice Department quickly appealed the 8th Circuit's decision and took the issue to the Supreme Court, asking it on November 18 to revive the student-loan forgiveness plan. It's unclear when, or what, the highest court will ultimately decide, but 44 advocates, economists, legal experts, and scholars joined the Biden administration's fight by filing amicus curiae briefs before Thanksgiving supporting the revival of debt relief. As you know, it's up to the Supreme Court, and we're going to continue to fight. Here are the main arguments the experts and advocates used as to why the Supreme Court should reinstate Biden's student-debt cancellation plan.

☆ An architect of the law Biden is using to cancel student debt tells the Supreme Court that the relief falls 'exactly' under the Education Secretary's authority and should be revived
▼ + stars: | 2022-11-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Former Rep. George Miller, who constructed the law Biden is using to cancel student debt, filed a brief with the Supreme Court supporting the plan. Miller stood with Biden's request to the court to revive the relief after lower federal courts blocked it. After Biden announced up to $20,000 in broad debt relief for federal borrowers at the end of August, a number of conservative lawsuits arose seeking to block the policy. The Supreme Court should lift the injunction put in place by the Eighth Circuit." Along with Miller, advocates, legal experts, and economists filed a series of briefs to the Supreme Court also expressing support for reviving Biden's debt relief.

Search resuls for: "Amicus"

25 mentions found