President Joe Biden’s latest student loan forgiveness plan, unveiled last week, could cost the government upward of $750 billion, according to analysis by a government watchdog group. Biden’s new plan comes less than a year after the Supreme Court struck down his last effort. It would eliminate debt for over 30 million people. The Biden […]
Yuval RosenbergApril 11, 2024President Joe Biden’s new student debt relief plans are projected to cost $84 billion if enacted, according to the
President Joe Biden’s new student loan forgiveness plan would cost $84 billion if implemented, a new analysis found. According to the Penn Wharton Budget Model, which released its analysis Thursday, the $84 billion is in addition to his previously stated SAVE plan, which the organization estimates could cost taxpayers $475 billion. “We estimate that President […]
The Biden administration's program to expand access to broadband internet may run afoul of the law that created it, experts told the Daily Caller News Foundation. The National Telecommunications and Information Administration (NTIA), part of the Department of Commerce, is responsible for allocating $42.5 billion in funds intended to bolster the United States' broadband internet infrastructure through the Broadband Equity Access and Deployment Program (BEAD) program. The agency, in a move to...
ERBIL, Kurdistan Region - Iraqi militias affiliated with Iran on Friday
CBO says buying 18 medium landing ships could cost $3.6 billion more than the Navy expects, a 138 percent overrun.
The Biden administration's latest plan to wipe out federal student loan debt for millions of borrowers could add up to $750 billion to the national deficit, according to a Tuesday report from the Committee for a Responsible Federal Budget.So far, the White House has announced $150 billion in so-called student loan "forgiveness" programs over the last year following the Supreme Court's June decision to reject unilateral loan cancellations. The previously rejected program would have wiped out $430...
Biden Punishes Drillers With 15-Fold Increase In Permitting Costs, Plans To Block Arctic Oil Extraction One week after the Biden administration slapped new regulations on key power grid components, the Washington Post reports that US oil and gas companies will face a 15-fold increase in costs to drill on federal land, under a new rule released on Friday. Workers operate a drilling rig while plugging an abandoned oil well north of Shelby, Mont. (Adrián Sanchez-Gonzalez for The...
What is the impact of air pollution on exam results or future earnings? Can governments agree to a 2050 net-zero-like goal for a key pollutant, PM 2.5? Such questions are part of an appeal by a new group of political, health, policy, and finance leaders for a policy approach to air pollution that is like […]
By Kaanita Iyer, CNN (CNN) — President Joe Biden’s former chief of staff said Tuesday that the president is too focused on infrastructure and should instead prioritize Americans’ economic concerns as he seeks another term, Politico reported. “I think the president is out there too much talking about bridges,” Ron Klain said Tuesday evening, Politico
Tesla is pushing forward with a plan to build an electric big rig charging corridor stretching from Texas to California, despite being snubbed by a lucrative federal funding program that’s part of President Biden’s Bipartisan Infrastructure Law. But the original scope of the project could still change, TechCrunch has learned. The company had been seeking […] © 2024 TechCrunch. All rights reserved. For personal use only.
by Wm. Steven Humphrey GOOD MORNING, SUNDAY! It's the perfect time to catch up on some of the great reporting and stories the Mercury churned out this week! (PRO TIP: If you despise being "the last to know," then be one of the first to know by signing up for Mercury newsletters! All the latest stories shipped directly to your email's in-box and then YOUR HEAD.) • Say Nice Things About Portland Again! It's back! Check out the Mercury's second "SAY...