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.
Sen. Elizabeth Warren spoke with J.D. Durkin about the accusations against Supreme Court nominee Brett Kavanaugh and the response from President Trump that Democrats are engaging in a "con game." She says if the president really believes the accusations aren't true then he must want a full investigation by the FBI. "Have at it, Mr. President," she said.
Stocks were mixed Tuesday, a day after tariffs on $200 billion worth of Chinese imports went into effect. Art Hogan, chief market strategist for B. Riley FBR, said investors have been taking the escalating trade war in stride, but whether that can last under these new tariffs will be the question to watch in the weeks ahead.
Hugh Jackman's forthcoming film "The Front Runner" follows former Sen. Gary Hart and his rise and fall in the 1988 presidential election. Cheddar spoke with Jackman about how he approached the role and why it was so important for him to meet Hart.
A year after delivering his "fire and fury" speech that threatened to annihilate North Korea and its "little rocket man" leader, President Trump addressed the annual United Nations General Assembly Tuesday, expanding on his "America First" motto and replacing North Korea with Iran as the major antagonist.
These are the headlines you Need 2 Know.
The newest round of tariffs on China imposed by the Trump administration will be damaging for American farmers, particularly soybean and corn growers, said Kimbal Musk, the restaurateur (and brother of Elon) who founded the Kitchen Restaurant Group. Because farmers can only "innovate once a year" during harvest, what they need most is certainty.
U.S. markets dropped Monday as questions over the future of Deputy Attorney General Rod Rosenstein added to investor concerns, which were already heightened by the onset of the latest round of tariffs on Chinese goods. "The political environment seems to be mayhem on a daily basis, and we're just going to have to get used to that," said Jason Moser, analyst at The Motley Fool, in an interview on Cheddar Monday.
From Omarosa to Bob Woodward to Jeanine Pirro, authors are cashing in on the Trump presidency. Brent Lang, a film and media editor for Variety, said that sales of books on the Trump presidency ー regardless of political leanings ー are surging as readers want to make sense of this era.
Deputy Attorney General Rod Rosenstein has left a meeting at the White House with Chief of Staff John Kelly and remains, for now, employed.
These are the headlines you Need 2 Know.
