BIDEN ADMINISTRATION

Jan 21 2025POLITICS

Trump's New Plan: Boost Fossil Fuels, Ax EV Funds

Former President Trump has kicked off his push to roll back environmental policies, focusing on electric vehicles and tailpipe emissions. He's signed orders aiming to stop funding for EV charging stations and weaken emission standards. This move could let cars pollute more, but the auto industry is still invested in electric vehicles. Companies have poured billions i...

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Jan 17 2025POLITICS

Is the Gaza Ceasefire Too Late?

After 15 months of deadly conflict, a ceasefire between Israel and Hamas was finally reached. This agreement comes too little, too late for the people of Gaza who have suffered tremendous loss. President Biden's hands-off approach is criticized for not using America's influence to end the conflict earlier. The war, sparked by Hamas attacks in October 2023, has taken ...

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Jan 16 2025POLITICS

Biden Administration Readies for Post-Pandemic Student Loan Defaults

The Biden administration is preparing for a potential wave of student loan defaults, as borrowers who fell behind during the pandemic face collection activity again. This will be the first time in nearly five years that borrowers in default will have their wages and retirement benefits garnished. A recent memo from the U. S. Department of Education, obtained by CNBC...

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Jan 14 2025POLITICS

Biden's Big Student Loan Forgiveness

President Biden's administration has made a significant move, offering student loan forgiveness to over 150, 000 borrowers. This group includes 85, 000 individuals who were victims of school fraud, 61, 000 people with severe disabilities, and 6, 100 public service workers. So far, the administration has spent a whopping $183. 6 billion on student loan forgiveness. T...

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Jan 14 2025POLITICS

What's Biden's Legacy? Americans Weigh In

A recent Gallup poll asked over 500 adults from all 50 states about the U. S. 's progress under President Joe Biden. The results? Many felt the country fell behind on key issues like education, race relations, and energy. Only on LGBTQ rights did a majority think progress was made. Biden's fans, mostly Democrats, saw things more positively, but even they worried abou...

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Jan 13 2025POLITICS

US Limits AI Chip Exports: China and Russia Affected

The US has just put new limits on AI chip exports to hold back China and Russia. This comes as Biden's term ends and hot on the heels of similar curbs last month. Tech companies like Nvidia and Oracle aren't happy, saying these rules might hurt US tech leadership. Officials say the goal is to keep the most advanced AI tech out of enemy hands. But some believe these ...

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Jan 11 2025POLITICS

Biden Shields Immigrants with 18-Month Deportation Pause

In a significant move, the Biden administration granted deportation protections to hundreds of thousands of immigrants from Sudan, Ukraine, and Venezuela on Friday. This decision extends their stay in the U. S. with work permits and a shield from deportation for another 18 months after their current protection ends in the spring. Secretary of State Antony J. Blinken ...

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Jan 09 2025POLITICS

US Sends Final $500M Military Aid to Ukraine Before Biden Leaves Office

The Biden administration has recently unveiled its final military aid package for Ukraine, totaling $500 million. Defense Secretary Lloyd Austin was slated to reveal this figure at the last US-led Ukraine Defense Contact Group meeting at Ramstein Air Base in Germany. This assistance comes as the White House prepares to impose additional sanctions on Russia by the end...

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Jan 07 2025FINANCE

Goodbye to Medical Debt on Credit Reports!

Starting soon, Americans won't have to worry about medical bills hurting their credit scores. The Biden administration is updating the rules so that medical debt can't be included in credit reports. This change will help about 15 million people by removing around $49 billion in medical bills from their credit records. Rohit Chopra, the director of the Consumer Finan...

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Jan 07 2025FINANCE

Goodbye, Medical Debt on Credit Reports!

Ever thought about how unfair it is that medical bills can ruin your chances of getting a mortgage or a car loan? The Biden administration has just made a big change to fix that. They've banned unpaid medical bills from showing up on your credit report. This is huge! It means around 15 million Americans will have $49 billion in medical debt wiped off their credit rep...

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