It’s been another complicated day in Washington, with lawmakers struggling to reach an agreement on debt ceiling, Analytics readership. But we’ll get to it further down.
In the meantime …
Did the student borrow? You want to read this.
The Department of Education on Wednesday announced a major overhaul of the Public Service Loan Forgiveness program, which will immediately eliminate the debt of 22,000 borrowers for $ 1.7 billion.
The redesign of the Public Service Loan Forgiveness Program is President Joe Biden’s latest effort to address the nation’s growing $ 1.7 trillion student loan debt and reduce the burden on debtors.
More News in Higher Education: Leaders of historically black colleges and universities say how much President Joe Biden’s budget package is for historically unauthorized institutions.
The current $ 1.45 billion in penalties for the four-year bill, which begins in 2022, puts HBCUs at a disadvantage, lowering expectations for supporters and jeopardizing Biden’s support from a major sector.
The drama on the debt limit continues
Here’s the latest news: Senate Minority Leader Mitch McConnell on Wednesday gave Democrats a chance to extend the debt ceiling in the short term to avoid a default threat, but it is unclear whether the Democrats will agree.
McConnell in Kentucky said Republicans would allow a short-term extension in December, until Democrats can provide an accurate dollar figure on the amount of the increase, as opposed to indefinite suspensions.
Declining tonight: The Senate is set to vote on Wednesday to end the debate over a piece of legislation that would suspend the debt limit for 2022. The 10 Republican senators, along with all 50 Democratic-voting senators, are not allowed to pass the bill.
Tic Tac: The Oct. 18 deadline says the US Treasury Department may begin repaying its debts – which have never happened – coming closer, with options to narrow the issue.
Real quick: stories you need to read
- Tensions in Taiwan: Tensions between the US and China have clashed in recent days, with the Biden administration denouncing Beijing for its military offensive against Taiwan, which has been backed up by Chinese officials.
- Withdrawal of Kovid Fund on Masks: Governor of Arizona. Doug Ducey’s programs reward school districts for not imposing Kovid-19 orders, and US Treasury officials warned Tuesday that federal stimulus dollars could be withdrawn if the state does not change.
- Which Republicans are Contesting in 2024? Early visits to Iowa show that GOP politicians are making the opening rounds as conversations about 2024 begin to take shape.
- Holding LAPD accountable: Thirty years after white police officers hit Rodney King, a black motorist, Los Angeles residents cite persistent racism in law enforcement as a bigger problem than people in other cities.
Nikki Haley plans the future of the GOP with or without Trump
Nikki Haley said Tuesday that Republicans have an urgent intention to renew their conservative crimes, the latest in a series of high-profile speeches by potential GOP presidential candidates in the shadow of former President Donald Trump.
“Most of our people are self-doubt or hateful in the US. This is more a deadly pandemic than any virus,” Haley said in a highly publicized speech at the Ronald Reagan Presidential Foundation and Institute in Simi Valley, California.
Stressing her experience as governor of South Carolina and later as a United Nations ambassador, Haley said Republicans must face enemies abroad and Democratic pessimists at home.
Many speeches are lectures on possible presidential campaigns in 2024.
“If Trump runs, he probably won’t have a chance:” Many political analysts think other Republicans will probably not contest Trump again, despite their fundraising, their top name recognition, and their support among Republican voters despite their turbulent end in January.
If Trump doesn’t run in 2024, Jack Pitney, a government professor at Claremont McKenna College, said other candidates “want to be ready for the window of opportunity that opens and closes quickly. Otherwise, they will seize the moment, leave them, perhaps forever.”
“If they’re not in a hospital bed or in a jail room in 2024, they’re running,” he said.
Today is the birthday of civil rights fighter Fannie Lou Hammer. One of her most famous quotes is: “I’m sick and tired and tired.” – Amy and Mabinti