Biden said his administration is working on a new strategy to deliver on his 2020 presidential campaign debt forgiveness promise. Though debt relief is politically divisive, polling suggests 41% of voters want other relief options explored. Economists warn ending the pandemic-era repayment pause could hurt the economy. The 43 million people who were anticipating debt relief will feel extra pain from inflation when repayments resume. Respondent data reviewed by Newsweek showed 39% owe less than $20,000, and 16% would've had their student loan debt erased entirely. One in three who expected the relief spent extra money on things like rent, vacation, childcare, and other debt. Most respondents, 47% of whom are under 35, believed up to $10,000 would be forgiven. Supreme Court would strike it down, according to an survey. Nearly half of student loan borrowers who would have qualified for President Joe Biden's debt forgiveness plan spent more than they would have if they'd known the U.S. Many Counting on Student Loan Relief Already Spent the MoneyĪ new survey found 58% of student loan borrowers are “unprepared” for repayments to resume this fall. The 2024 defense bill would include, amongst other things, a 5.2% increase for military personnel, an increase in readiness to counter adversaries like Russia and China, and a new inspector general to oversee Ukraine aid. Including any of the amendments could risk turning off Democrats, and moderate Republicans, whose support is needed to pass the NDAA. Republicans have warned to vote against the legislation if they don't get their way. Votes on the measure are scheduled to begin today. McCarthy's leadership will be tested again as he looks to unite Republicans around a version that will pass the Senate. Republicans particularly contest three Pentagon policies: Reimbursement of abortion travel costs, healthcare coverage of gender transition treatments, and critical race theory taught in academies. The House Rules Committee met yesterday for its markup of the National Defense Authorization Act (NDAA) and proposed dozens of changes to eliminate what they called "woke" policies implemented by the Biden Administration.Īlthough drama over NDAA isn't new, the level of opposition by hard-line Republicans - still fuming over House Speaker Kevin McCarthy's debt ceiling deal with President Joe Biden - is notable. House Republicans are pushing to use the $886 billion defense legislation to demand amendments on hot-button policy issues such as abortion, racial identity, and transgender rights, threatening the passage of a bill that has garnered bipartisan support for decades.
"We need to get the NDAA passed… national security needs to be a priority for each and every one of us," GOP Rep. We appreciate your feedback and you starting your day with us. If you have any story tips, feedback or ideas for what we should do next, please email Emeri B. If you've been forwarded this email, you can sign up on /newsletter. If you like this newsletter, please share it. In the ongoing war in Ukraine, defense officials said Wagner Group fighters are surrendering their weapons to Russian troops in Russia, less than three weeks after the paramilitary group's failed march on Moscow.The Last of Us, Ted Lasso and The White Lotus also received top nods ahead of the 75th Emmy Awards, which is scheduled to air on September 18. Succession leads this year's list of Emmy nominees, with 27 nominations announced during a morning ceremony.Farmers Insurance said it will no longer offer coverage in Florida amid the growing threat of extreme weather, leaving tens of thousands of residents without home or auto policies.Elon Musk has launched xAI, a new artificial intelligence company aimed at understanding "the true nature of the universe." The company is expected to be Musk's ChatGPT rival.This is a steep drop from the 9.1% seen in June last year, and an indication that the economy is reacting to the Federal Reserve's interest rate hikes. Annual inflation slowed to 3% in June, according to figures from the Bureau of Labor Statistics.Former President Donald Trump has lashed out at the Justice Department after the agency ruled that he is not immune from a $10 million defamation lawsuit filed by E.
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