Category: student loan cancellation

Capitol Report (Nov. 11): Trump Lashes Out at DeSantis Ahead of Major Announcement; McCarthy Speakership in Jeopardy?

Republican House Leader Kevin McCarthy could face challenges to his bid in becoming speaker of the House. A congressman from within his own party is speaking out. Irregularities at a ballot counting center in Nevada are fueling concerns over election security. A former gubernatorial candidate in the state joins us to discuss Nevada’s elections. Three…


NTD Business (Nov. 11): Crypto Exchange FTX Files for Bankruptcy; Musk Warns Twitter May Not Survive

A federal court strikes down President Joe Biden’s student loan cancellation plan. But it isn’t over yet—the White House vows to keep fighting. Twitter updates: New owner Elon Musk is already warning employees that Twitter might not survive. Why? We bring you the latest on collapsed cryptocurrency exchange FTX and the background story of the…


Supreme Court Rejects Emergency Challenge to Biden’s Student Loan Forgiveness Plan

Supreme Court Justice Amy Coney Barrett on Thursday rejected an emergency challenge by a group of Wisconsin taxpayers to the Biden administration’s student loan forgiveness program. In a one-sentence order, Barrett denied the request, preventing it from going to the full bench. Barrett has jurisdiction over the lower court that ruled on the case. The Brown County…


Hurricane Ian Damage Likely Among the Worst; World Leaders React to Putin Annexation | NTD Business

Hurricane Ian is hitting South Carolina Friday, after leaving a path of destruction in Florida. President Joe Biden says it could be among the worst in U.S. history. There’s an unexpected beneficiary of Europe’s energy crises: Chinese companies that make electric blankets. The FDA approves a new drug for ALS, or Lou Gehrig’s disease. It could…


Judge Denies Lawsuit Challenging Biden’s Student Debt Cancellation Program

A federal judge has denied a lawsuit filed by the Pacific Legal Foundation (PLF) challenging the Biden administration’s plan to forgive student loans after the Department of Education (DoE) made some clarifications on its website. The lawsuit was filed on behalf of public interest attorney Frank Garrison, a beneficiary of the congressionally authorized Public Service…


Student Debt Cancellation to Cost $379 Billion, Education Department Estimates

The U.S. Department of Education announced that it estimates the Biden administration’s program to cancel student debt to cost $379 billion, or about $30 billion a year over the next 10 years. The estimates are based on “highly uncertain assumptions about future economic conditions and participation rates,” the department noted. The Biden administration’s plan is set…


LIVE NOW: Group Sues to Block Student Loan Forgiveness; Nord Stream Leaks Raise Sabotage Fears | NTD Business

A new lawsuit is trying to block President Biden’s plan to cancel student debt. It’s one of the first major legal challenges. Big leaks in the Nord Stream pipelines after two explosions Monday. Europe’s hopes of receiving natural gas from the pipelines have been halted. Amid rising prices, is it possible to have zero inflation in…


Group Sues to Block Student Loan Forgiveness; Nord Stream Leaks Raise Sabotage Fears | NTD Business

A new lawsuit is trying to block President Joe Biden’s plan to cancel student debt. It’s one of the first major legal challenges. The Nord Stream pipelines have big leaks after two explosions Monday. Europe’s hopes of receiving natural gas from the pipelines have been halted. Amid rising prices, is it possible to have zero inflation…


Hurricane Ian on Path to Hit Florida as Category 4; Biden’s Loan Forgiveness Plan Could Cost $400 Billion: CBO | NTD Evening News

Florida Gov. Ron DeSantis declared a state of emergency over the weekend, as Hurricane Ian is on a track to hit the state’s west coast as a major hurricane as early as Wednesday. President Joe Biden’s student loan cancellation plan could cost $400 billion, according to a Congressional Budget Office report released on Sept. 26….