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.”
U.S. stocks close Monday's session slight higher Monday as investors continue to monitor whether the economy will successfully avoid a recession. For many, fears over inflation and rising interest rates. Tommy Mancuso, president and co-founder of the Bad Investment Company, joins Cheddar News' Closing Bell to discuss.
Bill Nye the Science Guy is back but on an even smaller screen. America’s favorite science teacher has racked up more than eight million followers on TikTok, and he joined Cheddar News to talk about his success on the platform, having fun but also being serious about scientific topics like tackling climate change, and his newest hosting project "The End is Nye," a streaming show on Peacock that examines disasters — both natural and manmade. "There are six episodes. We have big disasters. Things go terribly wrong, and then we show you how things could have gone right," he explained.
Cheddar Politics takes a look at the Biden Administration's effort to center inflation concerns in the White House's economic policies. Reuters White House reporter Jeff Mason joins Cheddar News to discuss what the White House is doing and what more it can do to help fix economic issues.
In another round of sweeping sanctions against Russia for its war on Ukraine, European Union leaders have agreed to ban the vast majority of Russian oil by the end of the year. But, the embargo covers only Russian oil brought in by sea, allowing an exemption for fuel imported via pipeline. Christine McDaniel, a senior fellow with the Mercatus Center, discusses just how significant this deal is, and what impact it might have on the global energy sector.
Catching you up on what you need to know on Monday, June 6, 2022, a string of mass shootings across the country this weekend, UK Prime Minister Boris Johnson faces a no-confidence vote this morning, and Tropical Storm Alex floods Miami.
U.S. stocks closed Friday's session near session to cap off the week in the red. The disappointing end to the day and week follows a lukewarm May jobs report from the Labor Department and comes as investors continue to eye future rate hikes from the Federal Reserve. Callie Cox, U.S. Investment Analyst for eToro, joins Cheddar News' Closing Bell to discuss.
While the United States struggles with mass shootings, other countries have had success with gun regulations - often after their own mass shootings. On this Gun Awareness Day, Cheddar's Shannon LaNier reports on steps some other countries have taken to stop gun violence.
Join Cheddar News as we break down the Need 2 Know headlines this morning including Gun Violence Awareness Day, how to prevent mass shootings, and the president's comments on gun control.
