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.
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Shares of Tesla dropped after hours Thursday after the Securities and Exchange Commission filed a [lawsuit] (https://www.scribd.com/document/389617044/SEC-vs-MUSK#from_embed) against CEO Elon Musk in federal court, alleging that the billionaire founder committed securities fraud when he tweeted about taking the company private with "funding secured" on Aug. 7. In the complaint, the SEC seeks to bar Musk from being an officer of a public company.
Supreme Court nominee Brett Kavanaugh was both furious and emotional in testimony Thursday afternoon in front of the Senate Judiciary Committee. He emphatically denied the sexual assault accusations against him, which were detailed from the same chair by Dr. Christine Blasey Ford earlier in the day.
"My family and my name have been totally and permanently destroyed," Kavanaugh said.
Rep. Nita Lowey played a key role in the Anita Hill hearings in 1991 when then-Supreme Court nominee Clarence Thomas was accused of sexual harassment. On Thursday, Lowey was present for Christine Blasey Ford's testimony about current nominee Brett Kavanaugh's alleged sexual assault and spoke of the differences between the two eras.
Prof. Christine Blasey Ford spoke to the Senate Judiciary Committee about her memories from the night of her alleged assault. She said the memory that has stuck with her the most is the laughter from Supreme Court nominee Brett Kavanaugh and Mark Judge as Kavanaugh was on top of her.
On Thursday morning Prof. Christine Blasey Ford appeared in front of the Senate Judiciary Committee to testify on her alleged sexual assault by Supreme Court nominee Brett Kavanaugh.
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Sonny Perdue, U.S. Secretary of Agriculture, said American farmers understand the need for tariffs on Chinese imports, even if they might feel some short-term pain. After President Trump imposed tariffs on China, American farmers began to feel the effects. China is the largest importer of American soybeans and that revenue stream has now been cut off. The federal government pledged $12 billion as temporary relief for farmers affected by Trump's tariffs.
Sen. Elizabeth Warren (D-MA) is currently promoting a new housing bill that calls for $450 billion to build and renovate affordable housing over the next 10 years. Warren is suggesting an estate tax on the 10,000 top earners in the U.S. to fund the bill. Warren said it's not about "punishing" people for their economic success, but rather for everyone to pay their fair share and allow middle Americans to accrue wealth through homeownership.
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