Debt – Page 6 – One America News Network

Video still from Mike Yoder's interview with Real America on One America News Network

Biden cancels $9 billion in student loan debt

with Mike Yoder

(Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

Biden’s new student loan bailout plan would cost $475B over next decade

According to the Penn Wharton Budget Model, President Joe Biden’s new income-driven repayment plan for student loans will cost $475 billion over the next ten years, which is tens of billions more than a previous proposal that the Supreme Court rejected last month.

House Speaker Kevin McCarthy of Calif. along with other Republican members of the House, speaks at a news conference after the House passed the debt ceiling bill at the Capitol in Washington, Wednesday, May 31, 2023. The bill now goes to the Senate. (AP Photo/Jose Luis Magana)

House clears debt ceiling resolution in a 314-117 vote

The House has passed resolution to raise the debt ceiling.

WASHINGTON, DC - JULY 27: Activists attend a rally outside of the White House to call on U.S. President Joe Biden to cancel student debt on July 27, 2022 in Washington, DC. Student loan borrowers are awaiting a decision from President Biden on student loan payments. (Photo by Anna Moneymaker/Getty Images)

Student loan payments resume with debt limit agreement

The Biden administration will reportedly start collecting federal student loan payments and added interest for millions of Americans again by the end of the summer, as a result of the agreement reached by the president and House Speaker Kevin McCarthy to raise the country’s debt ceiling.

WASHINGTON, DC - FEBRUARY 07: US President Joe Biden shakes hands as he presents a copy of his speech to House Speaker Kevin McCarthy of Calif., before he delivers his State of the Union address to a joint session of Congress, on February 7, 2023 in the House Chamber of the U.S. Capitol in Washington, DC. The speech marks President Biden's first address to the new Republican-controlled House. (Photo by Jacquelyn Martin-Pool/Getty Images)

McCarthy and Biden set to complete debt ceiling agreement on Sunday

President Joe Biden and Speaker Kevin McCarthy will meet this afternoon on May 28th to finalize the debt ceiling agreement, and then Republicans will release the legislative bill, according to House Democrat Leader Hakeem Jeffries who had informed the Democrat caucus of the news in a letter on Sunday.

Video still from Chris Markowski's interview with In Focus on One America News Network

President of Markowski Investments on Biden’s Student Debt Scam

with Chris Markowski