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.”
The Biden administration says the U.S. will reopen its land borders to nonessential travel next month, ending a 19-month freeze due to the COVID-19 pandemic.
Senate Majority Leader Chuck Schumer said Thursday an agreement has been reached with Republicans to extend the government’s borrowing authority into December, temporarily averting a debt crisis.
With the Biden administration reportedly looking into regulating stablecoins like Tether and Circle, just what might those rules look like going forward?
Amplify Energy’s emergency response plan for a major oil spill like the one unfolding in coastal Southern California depended heavily on a quick shutdown of its pipeline if sensors pick up a sudden loss of pressure.
New York's new Cannabis Control Board met Tuesday for its inaugural meeting to expand the Empire State's medical cannabis program effective immediately and appoint key staffers following months of delays.
