Protesters in favor of student loan relief gathered outside the Supreme Court on Tuesday morning, demanding that the top jurists side with President Biden as they hear two cases challenging his signature student loan debt relief policy.
Biden’s relief program looks to cancel $10,000 of student debt for low- to middle-income borrowers and $20,000 for Pell Grant recipients, but the legal challenges have put the program on hold while the Supreme Court hears the arguments for the cases that jeopardize it.
Activists who showed up ahead of oral arguments told Cheddar that Americans should not have to be burdened with so much student debt.
"I went to college as a first generation college student. My FAFSA said we had zero expected family contribution," said Kristin McGuire, executive director of the advocacy group Young Invincibles. "I borrowed $20,000 to finance my college education, and I currently owe over $55,000."
“We're almost 20 years later, and my debt has doubled. And Americans should not have to go through that,” McGuire continued.
Democratic Rep. Ayanna Pressley (Mass. District 7) also made an appearance outside the Supreme Court.
"The people demand and deserve student debt cancellation," Pressley told the crowd. "Student debt cancellation will change and save lives."
Pressley said that Republican officials are “disconnected from the hardship of everyday folks who are burdened by this debt” and “chose obstruction.”
But, Republicans have called Biden’s plan fiscally irresponsible.
“Our nation is facing a staggering $31 trillion worth of debt and we have closed in on the debt ceiling, yet the Biden administration is still attempting to cancel millions of dollars in student loans,” Senator Rick Scott of Florida has said. “The reality is, a blanket forgiveness of student loans only benefits a small percentage of the population at the expense of millions of other hard working Americans."
The Court’s decisions won’t be released until the early summer, but 26 million people have already applied for the program, with 16 million having already been approved.
Stocks turned lower Friday on Wall Street after New York became the latest major state to mandate nearly all workers stay home to limit the spread of the new coronavirus.
Senator Richard Burr (R-N.C.) is under intense scrutiny after an NPR report showed that he revealed the severity of the impending coronavirus crisis to a group of North Carolinians in private and warned of major life disruptions weeks before the federal government did the same. And, as the coronavirus outbreak continues to wreak havoc on supply chains, hospitals and markets, new financial disclosures show that Burr made big money moves before the indices showed the historic declines seen in recent weeks.
More than 60 percent of Americans also think a recession will come in the next year, according to a new study by YouGov.
Trump’s coronavirus task force on Thursday afternoon visited the Federal Emergency Management Agency to hear from several governors about the challenges facing their states.
In the morning conference, the governor also waived mortgage payments for 90 days and revealed the spike in new cases bringing the full total to 4,152, the most in the nation.
The drug, hydroxychloroquine, was developed more than a half-century ago and is approved for treating malaria, arthritis, and other ailments. Reports out of China and Italy suggest the drug may help, but there is no hard data yet.
Coronavirus has hit Capitol Hill, as the first members of Congress have tested positive for the virus. Reps. Mario Diaz-Balart (R-Fla.) and Ben McAdams (D-Utah) announced diagnoses late Wednesday.
The palace of Monaco says its head of state, Prince Albert II, has tested positive for the new coronavirus. In a statement Thursday, the palace of the tiny Mediterranean principality said that his health is not worrying.
GM and Tesla are among the top U.S. automakers that are looking to potentially switch over stalled auto production into the manufacturing of badly needed medical ventilators amid the coronavirus crisis.
Rep. Gabbard drops out of the Democratic presidential primary race and endorses former Vice President Joe Biden.
