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.
Adult film star Stormy Daniels has no proof to back up any of her claims, including the assertion that she was threatened to stay silent by President Trump's team. For that reason, she isn't a legal threat to the president, says former prosecutor Jonna Spilbor. Daniels, whose real name is Stephanie Clifford, sat down in an exclusive interview on "60 Minutes" Sunday.
Student-turned-activist David Hogg speaks with Cheddar's J.D. Durkin ahead of Saturday's March For Our Lives rallies. The event in Washington D.C. and around the world will push for action on gun reform. Hogg is a survivor of the Parkland, Fla., high school shooting last month.
President Trump's proposed tariffs on Chinese imports and Facebook's privacy scandal both weighed down markets Thursday, said Daniel Ives, Chief Strategy Officer at GBH Insights. The Dow ended the day more than 700 points lower.
On Wednesday night, the Facebook CEO sat down with four media outlets to discuss the Cambridge Analytica scandal that has engulfed the company for the past week. While he hit the right tone and talking points, he didn't really address most users' concerns, says Ina Fried, Chief Technology Correspondent at Axios.
Congressman John Garamendi (D-CA) told Cheddar he believes the Trump campaign was aware of the use of private data harvested off Facebook and is outraged the social media company sought to profit off the move. The company remains under fire amid a data scandal that unveiled private information of more than 50 million users to an analytics firm working for the Trump campaign.
The "Sex and the City" actress is positioning herself to the left of Gov. Andrew Cuomo on issues that New Yorkers feel strongly about, says Erin Delmore, Senior Political Correspondent at Bustle. Nixon declared her candidacy on Monday.
Federal regulators will try to find out whether the social media company knew what Cambridge Analytica was doing with data harvested off of its platform, says Jesse Byrnes, Associate Editor of The Hill. The agency launched a probe into the social media network on Tuesday after revelations the data firm used information about millions of Americans to help President Trump's campaign.
The fallout from Facebook's latest data scandal continues to intensify. The Weinstein Co. officially files for bankruptcy protection after many attempts to sell the company failed. Josh Sternberg, tech editor for AdWeek, joins us to discusses how Uber moves forward after one of its driverless cars killed a pedestrian in Tempe, Arizona. And Bri Bauer from Dairy Queen brings ice cream cones to the trading floor to celebrate the company's National Cone Day. On the first day of spring, Dairy Queen gives customers free vanilla ice cream cones.
The fallout from Facebook's latest data scandal continues to intensify. The Weinstein Co. officially files for bankruptcy protection after many attempts to sell the company failed.
"Content is king, and pipes are commodities." That, in a nutshell, is why the wireless giant wants to join forces with the content creator, explains Ben Gomes-Casseres, professor of International Business at Brandeis International Business School. The DoJ is seeking to block the merger, citing anti-trust issues, and the trial will kick off on Wednesday.
