Biden

WH Announces President Biden’s Federal Student Loan Debt Relief Plan

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Joe Biden Signs Proclamation Black History Month 2022

The White House announced President Biden’s cancellation of some federal student loan debt.  Domestic policy adviser Susan Rice said Wednesday the student loan forgiveness will give relief to borrowers while streamlining the business of student loans.  

She also noted that it fulfills a Biden campaign pledge and eases the financial burden on millions of Americans. President Biden is forgiving billions in student loan debt.

READ MORE: “Griner Shouldn’t Be Political Pawn” WNBA Players Exec Director Terri Jackson To Biden Admin

The forgiveness offers $10,000 of debt relief for those earning less than $125,000 per year.  

It’s estimated 42 percent of those who go to college will pay back their loans over five years.  The average American household with student debt owes approximately  $59,000.

Massachusetts Democratic Senator Elizabeth Warren is in strong favor of Biden’s decision. While some democrats say it’s not enough, pushing for up to $50,000 in financial relief.  And republicans argue it could be unfair to people who have already paid off their loans and believe the move could fuel inflation. Senate Republican leader Mitch McConnell called it “student loan socialism.”

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WH Announces President Biden’s Cancellation of Federal Student Loan Debt

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The White House announced President Biden’s cancellation of some federal student loan debt.  Domestic policy adviser Susan Rice said Wednesday the student loan forgiveness will give relief to borrowers while streamlining the business of student loans.  

She also noted that it fulfills a Biden campaign pledge and eases the financial burden on millions of Americans. President Biden is forgiving billions in student loan debt.

READ MORE: “Griner Shouldn’t Be Political Pawn” WNBA Players Exec Director Terri Jackson To Biden Admin

The forgiveness offers $10,000 of debt relief for those earning less than $125,000 per year.  

It’s estimated 42 percent of those who go to college will pay back their loans over five years.  The average American household with student debt owes approximately  $59,000.

Massachusetts Democratic Senator Elizabeth Warren is in strong favor of Biden’s decision. While some democrats say it’s not enough, pushing for up to $50,000 in financial relief.  And republicans argue it could be unfair to people who have already paid off their loans and believe the move could fuel inflation. Senate Republican leader Mitch McConnell called it “student loan socialism.”

Continue the conversation on social media.

The post WH Announces President Biden’s Cancellation of Federal Student Loan Debt appeared first on The Source.

President Biden Arrives In Buffalo After Saturday’s Mass Killing

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The President and First Lady Jill Biden are in Buffalo following Saturday’s deadly mass killing at a grocery store. They will pay respects at the TOPS Market memorial before a private meeting with affected families, first responders and community leaders.

The President will deliver remarks around 1PM, Eastern time. Reports say President Biden is going to call the mass killing an act of “domestic terrorism.”

President Biden said the mass shooting that killed ten people in Buffalo was as an act of “white supremacy.” On Sunday while speaking at National Peace Officers’ Memorial Service at the Capitol, he confirmed the Justice Department is investigating it as a “hate crime.”

READ MORE: Families of Victims Suing After Buffalo “Hate Crime” Mass Shooting

Most of the victims in Saturday’s mass shooting were Black, and the alleged gunman, identified as Payton Gendron is a white male. Officials say the 18-year-old suspect drove from near the Pennsylvania state line to commit the attack and livestreamed the attack on Twitch.

NBC News reports a manifesto allegedly written by Gendron was posted on Google Docs Thursday night. The document allegedly lays out plans to attack Black people, and promotes conspiracy theory claims that white people are being replaced by minorities in the U.S.

Our thoughts and condolences go out to the community and loved ones of the Buffalo tragedy. Share your comments with us on social media.

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[WATCH] Barack Obama Praises President Biden After Embarrassing Video Surfaces On Twitter

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Former President Barack Obama returned to the White House for the first time since leaving office in 2017 and received a welcoming ovation.

Obama was received by White House friends and guests after he discussed his Affordable Care Act at Biden’s health care event on Tuesday. Video surfaced on Twitter showing Obama surrounded by guests while Biden stands nearby. Vice President Kamala Harris introduced Obama to guests while Biden looked on.

“This is so sad,” the Republican National Committee captioned a video on Twitter.

“Literally no one wants to talk to Joe Biden,” the RNC captioned another short video clip that shows the president shrugging and glancing around the room as if searching for someone.

The two videos garnered thousands of comments. Many of the commenters expressed sadness for the current president.

In response to the viral video, Obama took to Twitter to praise his former vice president.

“Always great catching up with @POTUS. Thanks for all you’re doing to help even more Americans get access to quality, affordable health care,” he tweeted on Wednesday.
Do you think people miss former president Obama?

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