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On December 19, George W. Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, "allowing the U.S. auto industry to collapse is not a responsible course of action."
In August, President Joe Biden announced his plan to cancel debt for federal student loan borrowers. The plan includes up to $10,000 of forgiveness for people making under $125,000 a year and up ...
Notably, 47.9 million U.S. borrowers hold student loan debt. Now, the Biden administration is working to draft a new plan — one which has been dubbed “Plan B” by experts, and which could ...
Based on an assessment that automobile manufacturing was a critical sector of the economy providing 3 to 4 million jobs for Americans, that liquidation was imminent for two of the three major U.S. automakers, and that the break ups would devastate the U.S. economy, the U.S. government became involved in the day-to-day management decisions of ...
The 8th US Circuit Court of Appeals could rule soon on a Republican-led lawsuit challenging President Joe Biden’s student loan repayment plan after hearing oral arguments Thursday.
The Biden administration has discharged another $1.2 billion in student loan debt under a key provision of the Saving on A Valuable Education, or SAVE income-driven repayment plan.. Last month ...
The new strategy comes months after the U.S. Supreme Court struck down an ambitious earlier White House plan that would have provided up to $20,000 in loan forgiveness per borrower. That plan ...
Answers to some of the most pressing questions about Biden's student loan forgiveness plan. 20 million people could have their student loan balances eliminated by Biden’s forgiveness plan. Here ...