Ohio Senator Sherrod Brown is pushing forward with his proposal to provide a $10,000 payoff to all federal student loan borrowers.
“The next round of stimulus, we want to do that,” Brown told Cheddar from his home in Cleveland, Ohio on Tuesday.
Brown said that he and other Democratic senators have already been partially successful with bringing relief to those burdened by student loan debt.
“Senator Warren and I wanted two major things. We wanted a freeze on payments so nobody had to pay during this six-month or so period,” Brown explained. “We also wanted $10,000 in forgiveness of federal loans. The Republicans wouldn’t accept that. Trump opposed that.”
Brown also lobbied for $4,500 in direct payments for every American adult and child, with restrictions on higher-income families. The $2.2 trillion stimulus package included a one-time payment of $1,200 to most adults and $500 for every child.
When asked about Republicans accusing Democrats of trying to use the coronavirus crisis to push long-sought progressive legislation, Brown shrugged off the criticism saying the government is obligated to take action.
“This is the role of government to help people that are unemployed, to help people that are sick, to help people that are struggling, to help people that are hungry,” he said. “I don’t apologize for a second for any of that.”
John Petrides, Portfolio Manager at Tocqueville Asset Management, joins Cheddar News' Closing Bell, where he breaks down Monday's market activity amid the emergence of the omicron variant, and what it could mean for the Fed's timeline when it comes to raising rates and tapering pandemic aid.
Earlier in the week, we saw President Biden nominate Jerome Powell to serve as Fed chair for another four-year term in the midst of the country’s struggles with covid, inflation, and supply unrest. Claudia Sahm, senior fellow at the Jain Family Institute and former Federal Reserve and White House economist explains why the markets saw a boost following the nomination.
House Democrats saw a big win on Friday when President Biden's trillion dollar Build Back Better social spending bill was passed but now the question is - can the bill hold up in the senate as it faces possible ongoing scrutiny from not only Republicans, but also some Democrats. Julia Manchester, reporter at The Hill, explains whether or not the bill will make it to President Biden's desk by Christmas.
Jamil Jaffer, Founder and Executive Director of the National Security Institute, joined Cheddar to discuss the concern surrounding Chinese tennis star Peng Shuai's disappearance following a social media post accusing a former high-ranking Chinese official of sexual assault.
Just hours before the scheduled execution of inmate Julius Jones, the Governor of Oklahoma Kevin Stit has now granted commuted his sentence to life in prison without the possibility of parole. Several advocates along with a number of celebrities have been fighting to stop the execution. Defense Attorney and Police Director Erin Haney, joined Cheddar to discuss more.
The book 'The Brainwashing of My Dad' examines how the rise of right-wing media changed a father and impacted the nation. Author of the book, Jen Senko, joins Cheddar News to discuss the history and future of conservative media.
Natalie Fertig, Federal Cannabis Policy Reporter for Politico Pro, joined Cheddar to discuss the shift among republicans to support federally legalizing marijuana.
The House has officially passed the $1.75 trillion social policy and climate big. This new bill is expected to bring some huge investments into working towards fighting climate change. U.S. President of We Don't Have Time, Sweta Chakraborty, joined Cheddar to discuss more.
Guilty verdicts have been handed down to the three men charged with killing Ahmaud Arbery. Arbery was out for a jog in February 2020 when Travis McMichael, William "Roddie" Bryan, and Gregory McMichael chased him down and killed him. The judge read the verdicts for each of the three men aloud, starting with the man who pulled the trigger, Travis McMichael. Kirk Burkhalter, professor at New York Law School joins Cheddar News to recap the trial.
All three defendants in the Ahmaud Arbery killing were found guilty today on numerous charges including felony murder. Criminal Defense Attorney Anthony Hall joined Cheddar to discuss.
