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☆ A California homeowner fixed up her converted garage and rents it on Airbnb. It now pays for her mortgage.
▼ + stars: | 2023-08-31 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Selma Hepp renovated a converted garage in her Burbank backyard and now rents it on Airbnb. The state has passed a series of laws allowing for, and in some cases helping pay for, ADU construction. Courtesy of Selma HeppEighteen months into the process, Hepp finally had drawings from a different architect. During the course of construction, Hepp started dating someone new, and they ended up buying a home in Mid City, a neighborhood in Central Los Angeles. She also managed to refinance her mortgage a few times over the past several years and pays $2,700 a month, which is now covered by her ADU's rental income.

Persons: Selma Hepp, Hepp's, Hepp, It's Organizations: Service, Terner Center, Housing Innovation, University of California, Construction, Hollywood, Universal, Burbank Studios, Warner Bros . Locations: Burbank, Wall, Silicon, Burbank , California, Croatia, California, Berkeley, Los Angeles, Mid City, Central Los Angeles

☆ Your next apartment could be someone's old cubicle as developers rush to convert empty offices
▼ + stars: | 2023-08-27 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

The mayor of New York City aims to turn old office buildings into 20,000 new apartments. The Manhattan-based architect John Cetra, who has worked on office conversions since the 1980s, calls it "the amenity war." His firm, CetraRuddy, recently announced it's leading the conversion of a 30-story office building, formerly home to Goldman Sachs, in Manhattan's financial district. Adams' goal is to create up to 20,000 new homes for 40,000 New Yorkers in converted office buildings over the next decade. AdvertisementAdvertisementNew York City has already had some success in converting office buildings to homes.

Persons: you'll, they've, everyone's, Steven Paynter, we've, John Cetra, it's, Goldman Sachs, Cetra, Eric Adams, Paynter, He's, who's, Adams, We've, Dan Garodnick, Mark Hogan, Hogan, Charles Bloszies, I've, that's, Bloszies, Garodnick, Arpit Gupta Organizations: Service, CetraRuddy, York, US Department of Housing, Urban Development, Yorkers, New York City's Department of City Planning, San Francisco, Supervisors, New York Stock Exchange, NYU Stern School of Business, Research Locations: New York City, Wall, Silicon, York, San Francisco, Manhattan, Toronto, Calgary , Alberta, York City, Francisco, New York

☆ High-income Americans rarely mix with poorer people. Restaurants like Applebee's and Olive Garden are the exception.
▼ + stars: | 2023-08-26 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +4 min

Americans are even less likely to mix with people from different socio-economic classes than pre-pandemic. New research shows that affordable, chain restaurants are the exception. "The most socio-economically diverse places in America are not public institutions, like schools and parks, but affordable, chain restaurants," Massenhoff and Wilmers write. But there are some places where Americans of different incomes congregate: The aforementioned chain restaurants. At somewhere like Panera, poorer Americans are more likely to meet non-poor Americans, but not the other way around.

Persons: Maxim Massenhoff, Nathan Wilmers, lockdowns, it's, Raj Chetty Organizations: Service, Naval Postgraduate School, Harvard University, Massachusetts Institute of Technology, Harvard Locations: Wall, Silicon, America, Boston, Dallas, Seattle, Los Angeles, Chili's

☆ The Brooklyn landlord everyone hates could soon come to your neighborhood. Tenants warn these private equity groups are raising rent and ignoring maintenance issues.
▼ + stars: | 2023-08-16 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Private equity firms have bought up hundreds of smaller apartment buildings in trendy New York neighborhoods. Private equity firms own a very small, but growing, fraction of American real estate. Some argue that private equity, hedge funds, and other institutional investors are a convenient target and are being unfairly blamed for the nation's worsening housing affordability crisis. The recent increase in private equity purchases, particularly of single-family homes, has drawn scrutiny, including from Congress, over the last few years. Democrats also couldn't reach agreement on measures that would have boosted tenant protections, including rent stabilization and eviction protections.

Persons: Kathy Hochul's, Hochul Organizations: Service, Carlyle Group, The New York Times, Conway Capital, Peak Capital Advisors, Times, Institutional, New York Gov, Democrats Locations: New York, Brooklyn, Wall, Silicon, gentrifying, Queens, Bushwick, Bedford, Stuyvesant, Williamsburg, Ridgewood , Queens, York City, Brooklyn's Gowanus

☆ Middle class Americans are moving straight into fire and drought because they can't afford to live in the cities that are safer from climate change
▼ + stars: | 2023-08-15 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Rising housing costs have helped push Americans into parts of the country more vulnerable to climate change. The trend shows how the burden of climate change is falling disproportionately on less affluent people. Rather than leaving areas at high risk of natural disasters and other climate issues, more Americans are moving into them. But if lower-risk cities continue to price people out, the burden of climate change will fall even more disproportionately on less affluent communities. A recent Brookings Institution report recommended several ways that policymakers can encourage Americans to seek climate safety.

Persons: Hurricane Harvey, Freddie Mac, Rich, homebuyers, Jenny Schuetz, Julia Gill Organizations: Service, Brookings, Federal Housing Finance Agency Locations: New York, San Francisco, Southern, Florida, Houston, West, Bend , Oregon

☆ Manhattan real estate is in 'crisis' as new construction flatlines, borough president says
▼ + stars: | 2023-08-10 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

New York City's pace of housing construction has slowed to a trickle, despite a severe affordability crisis. Manhattan's borough president has identified about 200 sites where he says the city could build housing. We have to fix this," Manhattan Borough President Mark Levine said in a tweet. The city approved 2,525 new units citywide and 1,208 in Manhattan in July 2013. A big portion of the opposition to the legislation came from suburban areas around New York City that didn't want to see more density in their communities.

Persons: Mark Levine, Levine, Eric Adams, he's, Kathy Hochul, It's Organizations: Service, Manhattan, Big Apple, New, New York, New York City, New York Gov, New York Housing, Republican, Democratic, Politico Locations: York, Manhattan's, Wall, Silicon, Manhattan, New York, New, New York City, Munsey, Nassau County, Long, Rye, Westchester County, New Jersey, Jersey City, Hudson County, York City

☆ California found a way to ignore NIMBYs and build more housing
▼ + stars: | 2023-08-09 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

California may have found an effective model to build affordable housing more quickly. The law applies to all regions of California that haven't met their housing construction targets, which is almost everywhere in the housing-scarce state. Between 2018 and 2021, 156 projects with more than 18,000 units have been approved or are under review under SB 35. SB 35 projects are also exempt from review under the California Environmental Quality Act, further speeding up the approval process. "It'll be catastrophic if it's not extended," Ramie Dare, director of real estate at the non-profit affordable housing developer Mercy Housing California, told the researchers.

Persons: —, Bill, haven't, it's, Caleb Roope, Scott Wiener Organizations: UC Berkeley, Service, Terner Center, Housing Innovation, Bay Area, Pacific Companies, Mercy Housing Locations: California, Wall, Silicon, Bay, Los Angeles County, Mercy Housing California

☆ 'Zombie' offices could turn into 400,000 new apartments for families. That's almost double the number of new US units in a typical year.
▼ + stars: | 2023-08-07 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The rise of remote work, high interest rates, and climate regulations all pose problems for office buildings. A new study found that more than 2,000 US office buildings could be converted into up to 400,000 apartments. And new environmental regulations require that buildings meet certain energy efficiency standards that can require costly renovations. Turning office buildings into apartments isn't a new concept, and it's one that New York City has embraced in theory. Of course, office buildings require some retrofitting to be turned from sprawling workplaces to livable apartments.

Persons: Arpit Gupta, Candy Martinez, Stijn Van Nieuwerburgh, Insider's Jordan Hart Organizations: Service, National Bureau of Economic Research, Los, New York City, jkaplan Locations: Wall, Silicon, Greater New York City, San Francisco, Los Angeles, New York City, New York

☆ The genius plan that could bring down skyrocketing home prices
▼ + stars: | 2023-08-07 | by ( Eliza Relman | ) www.businessinsider.com time to read: +15 min

Not only did this help to slow down skyrocketing housing costs, it inspired a bipartisan, nationwide expansion of the policy. Home prices in Auckland, New Zealand's biggest city, doubled between 2009 and 2016 and prices across the rest of the country followed close behind. "A typical New Zealand city looks a lot like a typical US city," Gray said. There are three models of housing construction in US cities right now, Gray said. "In terms of an overall objective, I think bringing down house prices to construction costs is an ultimate sign of housing abundance."

Persons: Upzoning, Jenny Schuetz, Matthew Maltman, who's, Ryan Greenaway, Guo Lei, Maltman, There's, Auckland's upzoning, Vicki Been, Bill de Blasio, Schuetz, Nolan Gray, Gray, let's, Brett Coomer, that's, Allison Zaucha, Freemark, we're, Emily Hamilton, Eliza Relman Organizations: Brookings Institute, Auckland, Economic, University of Auckland, New, National Party, Housing, Economic Development, New Zealand, California YIMBY, Urban Institute, Houston, Montana Republicans, George Mason University Locations: New Zealand, Auckland, Australian, Zealand, Auckland , New, New Zealand's, New York, Europe, California, Zealanders, San Francisco, Los Angeles, Phoenix, Houston, Atlanta, Denver, Seattle, Washington, Portland , Oregon, Montana, California . Utah, Minneapolis, New York City

☆ Austin is copying Houston's playbook for making housing more affordable
▼ + stars: | 2023-08-06 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

Demand for housing in Austin, Texas has outstripped even its relatively rapid housing production. Austin's upzoning measures are designed to incentivize "gentle density" — also known as infill housing or missing-middle housing. And even if you don't care about housing policy, you are feeling this in a very intimate way." Aerial view of neighborhood outside of Austin Texas. Most recently, Dallas city Council member Chad West is leading the charge to consider cutting minimum lot sizes in his city.

Persons: Austin, Jenny Schuetz, They've, Schuetz, Emily Hamilton, Nicole Nabulsi Nosek, Greg Anderson, there's, Joe Sohm, Anderson, Nosek, Chad West Organizations: Service, Apple, Brookings Institute, George Mason University, Reasonable, Austin Habitat, Humanity, Chad Locations: Austin , Texas, Texas, Wall, Silicon, Austin, Houston, Austin Texas, California, Dallas

☆ Democratic Rep. Robert Garcia wants to make the rest of the country more like Long Beach, California
▼ + stars: | 2023-08-03 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Rep. Robert Garcia, a freshman Democrat from California, is a self-described urbanist. The former mayor of Long Beach has crowdsourced ideas for urbanist legislation. "I think a good city, good urbanism, is a dense core, it's walkable, it's bikeable, and there's also a focus on public transit," Garcia said in an interview. He wants to bring policies that have worked in Long Beach and California to the entire country. Garcia said he's made connections with fellow Democratic members who see eye to eye on housing, transportation, and other related issues.

Persons: Robert Garcia, it's bikeable, there's, Garcia, he's, Jake Auchincloss, Seth Moulton of, Greg Casar of, Sen, Brian Schatz, hasn't, I've Organizations: Service, Republican, DC, Department of Transportation, Democratic Locations: California, Long, Wall, Silicon, Long Beach, Long Beach and California, Seth Moulton of Massachusetts, Greg Casar of Texas, Hawaii

☆ Texans are staying inside during record heat — and the state's economy could take a $9.5 billion hit from reduced business
▼ + stars: | 2023-07-29 | by ( Eliza Relman | Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

In Texas, that could mean a $9.5 billion hit to the state's GDP if the extreme heat continues. As extreme heat grips much of the US this summer and the Earth records its hottest month on record, people are staying inside. Pardue told Insider he was surprised at the magnitude of the decline in hours worked as a result of extreme heat. "And then we're seeing, long term, this opposite shift, where during the summer, there's all this extreme heat." Are you staying home or working fewer hours because of extreme heat?

Persons: —, Luke Pardue, Pardue, we've, Ray Perryman, Jonathan Horowitz, Andreas Flouris Organizations: Service, Workers, Wall Street, Buffalo Bayou Brewing, Nationwide, The National Energy Assistance, Association, Research, University of Thessaly, New York Times, Nature Conservancy, Phoenix, Louisiana Department of Health, erelman Locations: Texas, Houston, Greece, Arizona, New Orleans

☆ Some House Republicans want to hold up a major tax bill until it includes a big break for wealthy blue state residents
▼ + stars: | 2023-07-27 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +5 min

Some House Republicans are pushing yet again to revisit the SALT deduction. That State and Local Tax deduction — known as SALT — has proven to be a bipartisan scourge, with Republicans and Democrats alike from impacted areas rallying to restore the tax break to a more generous level. "I remain adamantly opposed to the SALT cap," Rep. Chris Smith (R-NJ), who spoke out and voted against the legislation that created the SALT cap in 2017, told Insider in a statement. "I promised Long Islanders I would fight tooth and nail to restore our SALT deduction. He added: "There is bipartisan support for restoring the SALT deduction which will put direct pressure on Republican leadership to listen to the millions of struggling middle-class families and take action to restore SALT."

Persons: —, Donald Trump's, Chris Smith, Smith, Long, New York Republican Nick LaLota, Marc Goldwein, Goldwein, Joe Biden's, Howard Gleckman, Gleckman, Josh Gottheimer, Katie Porter, Andrew Garbarino, California's Young Kim, Gottheimer Organizations: Republicans, GOP, Service, Politico, Washington Post, Long Islanders, New York Republican, Federal Budget, Democrats, Center, Democratic, Tax Locations: Wall, Silicon, it's, New York , New Jersey, California, New Jersey, Washington, California , New York, New York, Katie Porter of California, Jersey

☆ Americans are flocking to Spain and buying pricey homes. New 'digital nomad visas' could make it even more popular.
▼ + stars: | 2023-07-27 | by ( Eliza Relman | ) www.businessinsider.com time to read: +2 min

The number of Americans living and buying real estate in Spain has jumped in the last few years. Americans are also buying some of the most expensive property in the country. A "digital nomad visa" launched this year could encourage even more Americans to move to Spain. CNBC reported that the General Council of Notaries in Spain found the number of Americans living in Spain increased by 13% between 2019 and 2021. The number of homes sold to Americans in Spain surged 88% between the first half of 2019 and the first half of 2022.

Persons: Nadia Calviño Organizations: Service, CNBC, General, Danes, Economic Locations: Spain, Wall, Silicon, Navarre, Basque, Madrid, Valencia, Spanish

☆ Democrats want to make the minimum wage $17 an hour and give nearly 28 million workers a raise
▼ + stars: | 2023-07-26 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +5 min

Sen. Bernie Sanders, alongside other progressives, is again trying to raise the federal minimum wage. He's introducing legislation to bring the federal minimum to $17 by 2028; currently, it's $7.25. However, past attempts to raise the minimum wage have been stymied by Republicans and moderate Democrats. Under the latest version of the Raise the Wage Act, the federal minimum would climb to $17 by 2028. "The President shares Congressional Democrats' commitment to put workers first and supports increasing the minimum wage.

Persons: Sen, Bernie Sanders, Sanders, Michael Douglas, Gordon Gekko, Hakeem Jeffries, It's, Democrats —, Biden, Michael Kikukawa, Pramila Jayapal, Jayapal, Frances Holmes, Holmes Organizations: Republicans, Service, Democratic, Senate, Democrats, Institute, Workers, National Employment Law, Congress, White, Congressional Progressive Caucus, Oxfam America, Busch Locations: Wall, Silicon, St Louis , Missouri

☆ Struggling US downtowns could take a cue from a small town in England that gave businesses rent-free space
▼ + stars: | 2023-07-26 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

The UK is experimenting with offering small businesses free rent to revitalize downtown districts. Several small towns in the UK have experimented with giving small businesses rent-free shop space over the last few years. Now it's vibrant, upbeat, colourful," Hope Dean, the owner of a plant shop that was one of the 10 businesses given free rent, told The Guardian. Some US cities have pursued similar downtown revitalization initiatives. Denver offered free rent and services valued at $20,000 to businesses willing to use empty space in the city's downtown, and San Francisco has offered free rent and grant money to pop-up businesses in its downtown.

Persons: Hope Dean, We're, Matt Soffair Organizations: Service, Legal, General Investment Management, Guardian, Times, Westminster City Council, Oxford, BBC, Denver Locations: Poole, Wall, Silicon, American, Westminster, London, San Francisco

☆ How your drive to work could be the one big thing harming your sleep, fueling depression, and wasting your time and money
▼ + stars: | 2023-07-24 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

The longer workers spent in their cars and the more money they spent on commuting, the less happy they were. But longer and more expensive car commutes are also hurting our mental health. A new study conducted by researchers in Spain found that the more time and money people spent driving to work, the worse mental health outcomes they experienced. Similarly, the more money they spent on commuting, the more sleep loss and depression they experienced. Those who took public transit, walked, or biked to work spent significantly less time and money commuting.

Persons: —, Robert Putnam Organizations: Service, University of East Locations: Wall, Silicon, Spain, University of East Anglia

☆ Austin went from a 'weird' oasis to one of the most expensive cities in the US. Now it's fighting runaway housing prices.
▼ + stars: | 2023-07-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Austin, Texas has become one of the least affordable cities in the US in part due to steep housing costs. This week, city lawmakers took a significant step toward helping boost housing supply. The city council approved a resolution that reduces the lot size necessary for a home. Research has found that increasing the market-rate housing supply makes housing more affordable for both middle- and low-income residents, despite widespread skepticism that the laws of supply and demand apply to housing. Last year, a Texas appeals court struck down a previous city council effort to increase housing density through upzoning.

Persons: Austin, who've, Leslie Pool Organizations: Service, Apple, Austin Chamber of Commerce Locations: Austin , Texas, Wall, Silicon, Texas, Austin, City, upzoning

☆ Republicans want to shred Amtrak funding as the railroad plans a historic Sunbelt and Western expansion
▼ + stars: | 2023-07-20 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

House Republicans are proposing slashing funding for Amtrak and other infrastructure in the 2024 budget. The spending cuts, which would put Amtrak funding below 2003 levels, would also undermine the railroad's major plans to expand its routes and improve infrastructure in the Sunbelt and West. Passenger rail service is abysmal or nonexistent in most of the country. Both Houston — the fourth most-populous US city — and Phoenix, where the closest Amtrak station is 36 miles from downtown, have Amtrak service just three days a week, the railroad noted. More modern, electrified rail routes have even less environmental impact.

Persons: Stephen Gardner, Gardner Organizations: Republicans, Amtrak, Service, Privacy, House Transit, Housing, Urban, Infrastructure Investment, Jobs, The Texas Department of Transportation, Houston, Department of Energy, The Washington Post Locations: Washington, Boston, West, Seattle, Portland, Houston, San Antonio, Cleveland, Detroit, Nashville, Savannah, Midwest, Texas, Dallas, Fort Worth, —, Phoenix, Atlanta, The

☆ Sen. Ed Markey announces bill to raise taxes on private jets and their ultra-wealthy passengers
▼ + stars: | 2023-07-19 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Sen. Ed Markey on Wednesday announced legislation to raise taxes on jet fuel used by private planes. Private jet travel, which is the most polluting form of transport, has surged in recent years. The bill — called the Fueling Alternative Transportation with a Carbon Aviation Tax (FATCAT) Act — would raise federal taxes on private jet fuel from $0.22 to $1.95 per gallon. Private jet travel has surged in recent years. The surge in private jet travel raises serious environmental concerns.

Persons: Sen, Ed Markey, —, Markey, Chuck Collins Organizations: Wednesday, Massachusetts Democrat, Private, Service, Carbon Aviation, Institute for Policy Studies, Patriotic Millionaires, Federal Aviation, Senate Commerce, Science, Transportation, Communities Trust Fund, Treasury, NGO Transport, Environment Locations: Massachusetts

☆ Remote work has made downtown DC a ghost town as federal office buildings sit mostly empty
▼ + stars: | 2023-07-18 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

But unlike many other US cities, much of DC's downtown office space is controlled by a single landlord: the federal government. There are three major issues when it comes to empty federal building space, Marroni said. Many congressional Republicans have also demanded that the Biden administration both restrict telework and get rid of unused office space. The White House Office of Management and Budget asked federal agencies in April to "substantially increase meaningful in-person work" by limiting telework. But there are concerns — including from employee unions — that restricting remote work could hurt the recruitment and retention of federal workers.

Persons: Muriel Bowser, hasn't, —, David Marroni, Marroni, She's, Biden, Scott Perry, they've Organizations: Office, DC, Service, Republicans, Transportation, Infrastructure, GAO, Pennsylvania Republican, White, Office of Management, Department of Education, Department of Veterans Affairs, Post, Trump International Locations: Wall, Silicon, Washington, DC's, Pennsylvania

☆ Remote-working parents with young kids are fleeing cities to get more bang for their buck
▼ + stars: | 2023-07-18 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Parents with children under 5 are shunning big cities faster than everyone else. But the flight of young parents and a shrinking population might mean cities have to compete to keep you. A new report from the Economic Innovation Group, or EIG, found that families with young kids are shunning big cities. That created a nexus of families with young children just outside of cities, what the report calls a "donut effect." But for cities that are shedding young families but still hold allure, like New York, the reshaping might be more of a rethinking of their value proposition.

Persons: Connor O'Brien, weren't, O'Brien, would've, what's, Eliza Relman Organizations: Service, Economic Innovation Group, jkaplan Locations: Wall, Silicon, Florida, EIG, Carolinas, New York, Los Angeles

☆ Inside the furious debate over New York City's new tax on drivers, which New Jersey Democrats are fighting against tooth and nail
▼ + stars: | 2023-07-02 | by ( Eliza Relman | ) www.businessinsider.com time to read: +11 min

Long gone are the days of eerily deserted Manhattan streets as New York City ground to a near-halt during the height of the COVID-19 pandemic. Cars fill Midtown amid the coronavirus pandemic on March 19, 2021 in New York City. The Empire State Building and Tourist District are seen while Traffic jam is reported along the route to New York City on August 17, 2022, in Jersey City, New Jersey. Komanoff said most congestion pricing advocates agree — they don't want drivers who enter lower Manhattan through the tunnels to pay the full congestion toll. But congestion pricing still has a long way to go, particularly as long as New Jersey leaders stand in the way.

Persons: Kathy Hochul's, Long, Kathy Hochul, Gottheimer, Jersey Sen, Bob Menendez, Phil Murphy, Noam Galai, it's, Charles Komanoff, Komanoff, Sam Schwartz, Eduardo Munoz Alvarez, George Washington, Sen . Menendez, Bill Pascrell, Schwartz, Hochul, Murphy, Sarah Kaufman, University's, Ritchie Torres, Tom Williams, Torres, he's Organizations: Gov, New, New Jersey Democrats, Morning, Metropolitan Transportation Authority, New York Gov, Central Business District, Federal Highway Administration, MTA, Democratic, New York Supporters, New York, Mexico City, George Washington Bridge, Center for Transportation, New York Rep, Garden, Komanoff, Democratic Rep Locations: New York City, Manhattan, New Jersey, ., Jersey, New York, New, London, Stockholm, Singapore, York, Toronto, Mexico, Seattle, Los Angeles, Chicago, Boston, Jersey City , New Jersey, Holland, Lincoln, Bronx

☆ Alexandria Ocasio-Cortez warns of 'economic crisis for millions of people' after SCOTUS threw out Biden's plan for student-debt forgiveness
▼ + stars: | 2023-06-30 | by ( Eliza Relman | Noah Sheidlower | Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Rep. Ocasio-Cortez condemned the Supreme Court's ruling striking down Biden's student debt plan. She also accused the Supreme Court of corruption. "Justice Alito accepted tens of thousands of dollars in lavish vacation gifts from a billionaire who lobbied to cancel the student loan forgiveness," Ocasio-Cortez tweeted. The New York Democrat noted that the SCOTUS ruling does not strip away Biden's ability to pursue student-loan forgiveness. Schumer and other Democrats similarly accused Supreme Court justices of hypocrisy and corruption by receiving gifts from billionaires, while denying millions of needy Americans debt relief.

Persons: Cortez, —, Alexandria Ocasio, Joe Biden's, Samuel Alito, Alito, Brown, Biden, SCOTUS, Donald Trump, Chuck Schumer, MAGA, Schumer Organizations: New, New York Democrat, Biden, Service, US Department of Education, . Nebraska, GOP, Department of Education, Higher, Democratic, MAGA Republican Locations: New York, Alexandria, Cortez, .

☆ Bernie Sanders slams 'devastating blow' of striking down student-loan forgiveness, saying Supreme Court justices should run for office if they want to make policy
▼ + stars: | 2023-06-30 | by ( Juliana Kaplan | Eliza Relman | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. Bernie Sanders released a lengthy statement condemning the Supreme Court's ruling on student debt. Sanders also called on the Biden administration to immediately implement a "Plan B" to help borrowers. A slew of Democratic lawmakers issued statements on Friday condemning the Supreme Court's decision and urging the Biden administration to take additional action to get borrowers relief. She said the court's role is to stay away from making policy and policy judgments; but, in cases like this, the court instead makes itself the arbiter of policy. "In my view, if right-wing Supreme Court justices want to make public policy they should quit the Supreme Court and run for political office.

Persons: Sen, Bernie Sanders, Sanders, Biden, —, Joe Biden, Alito, Cortez, Samuel Alito, Biden's, Brown, Elena Kagan Organizations: Service, Democratic, US Department of Education, . Nebraska, GOP Locations: Vermont, .

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