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Keyword: loan

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  • Biden administration preliminarily OKs $6.6B loan to EV maker Rivian

    11/26/2024 10:43:27 AM PST · by ChicagoConservative27 · 45 replies
    The Hill ^ | 11/26/2024 | RACHEL FRAZIN
    The Biden administration has preliminarily said it would give a $6.6 billion loan to electric vehicle maker Rivian for a plant in Georgia. The administration said the loan would support the construction of a facility where Rivian will make up to 400,000 “mass-market” electric SUVs and crossovers. Specifically, it will support construction of Rivian’s R2 and R3 models, which the company says will be sold at a “significantly lower price point” than its flagship R1 vehicle, which is considered to be a luxury car.
  • California Businesses, Households on the Hook for State’s Default on COVID Loan

    11/21/2024 1:59:51 PM PST · by ChicagoConservative27 · 8 replies
    Breitbart ^ | 11/21/2024 | Joel B. Pollak
    California businesses — and households that pay payroll taxes on domestic employees — are waking up to the reality that they are being forced to pay for the state’s default on $20 billion in federal loans to cover a COVID-era shortfall. The issue came to light this week with a social media post by restaurateur Andrew Gruel about unexpected costs: The Hoover Institution, based at Stanford University, had warned about the problem more than a year ago: Little did California businesses know that they were cosigners on the state’s nearly $20 billion loan from the federal government that was used...
  • King Biden & Queen Harris Overrule Supreme Court On Student Debt Forgiveness

    10/28/2024 8:28:37 AM PDT · by SeekAndFind · 21 replies
    Mish Talk ^ | 10/28/2024 | Mike Shedlock
    Biden repeatedly acts like he is above the law. So who’s the threat to Democracy?Biden Tries to Overrule Courts a Third TimeThe Wall Street Journal reports Biden Snubs the Courts Again on Student Loan Forgiveness‘That didn’t stop me,” President Biden declared after the Supreme Court blocked his $430 billion student loan write-off in 2023. It sure didn’t. After striking out in court with three debt forgiveness schemes, the Administration on Friday unveiled another. Take that, judges.The Education Department says its proposed rule would authorize forgiveness for some eight million borrowers experiencing “hardship.” Under the rule, the department can discharge debt...
  • First Hand Account of Hurricane Helene Victim Confirming $750 FEMA Aid Offered To Him IS A LOAN

    10/09/2024 4:46:13 AM PDT · by Tench_Coxe · 26 replies
    American has been crying for 20 minutes after FEMA visited him, “sorry for the emotions”“There is a FEMA man who came and explained something very serious about the $750 that you guys don't know and that they're not going to tell you. And unless you have a magnifying glass in the contract that they're going to sign during your inspection, you'll never see it.So you're going to hear it from me and hopefully from everybody else who is going to share this shit around. The $750 is a loan.It's not free. They're not giving it to you. It's a loan...
  • Warren Buffett's Daughter Asked Him For A $41,000 Loan To Remodel Her Kitchen, But The Billionaire Told Her: 'Go To The Bank Like Everyone Else'

    09/17/2024 4:29:50 PM PDT · by ChicagoConservative27 · 124 replies
    Benzinga ^ | 09/16/2024 | by Jeannine Mancini, Benzinga Staff Writer
    Warren Buffett, one of the wealthiest people in the world with a net worth of $142 billion, according to Bloomberg, is also known for his generosity. He has donated billions to charity over the years, but when it comes to his kids, handouts aren’t part of the deal. In the HBO Becoming Warren Buffett documentary, Susie Buffett shared a story that gives a glimpse into her father's frugality. This wasn't the first time she had discussed it. Back in 2011, a Globe and Mail article mentioned that Susie once asked her father for a $41,000 loan to renovate her kitchen...
  • New CBO Report Shows Student Loan Debt Repayment Is a Sham

    09/16/2024 6:01:05 AM PDT · by Presbyterian Reporter · 18 replies
    PJ Media ^ | September 14, 2024 | Rick Moran
    We're told that we need to forgive every dollar of the $1.74 trillion in student loan debt because young people are being crushed under a mountain of bad loans. How were they supposed to know that majoring in Environmental Activism wouldn't allow them to earn enough money to pay back their loan? That said, young people are so overburdened in college loan debt that they can't buy a house, or start a family, or even move out of their parent's home. That's been the narrative advanced by Joe Biden, Bernie Sanders, Elizabeth Warren and every other advocate to make student...
  • Solar Companies Scammed Queens Homeowner Into Predatory Loan, Lawsuit Alleges

    09/12/2024 2:33:12 PM PDT · by AbolishCSEU · 7 replies
    nysfocus.com ^ | 9/11/24 | Colin Kinniburgh
    The retiree says a local rooftop solar company and its partners forged her signature to sign her up for a loan she could not afford. If you’ve scrolled through social media lately, there’s a good chance you’ve seen an ad for rooftop solar. The latest government incentives are so generous, some ads claim, that you can get a new roof for free with the panels — and eliminate your electric bills in the process. Claver Campbell, a 76-year-old homeowner in Queens, came across one such ad on Facebook about a year ago, she recalled. It promised a new roof and...
  • Republican-Led States Sue Over New Biden Student Debt Relief Plan

    09/03/2024 4:38:53 PM PDT · by Blood of Tyrants · 28 replies
    Newsmax ^ | 9/3/24 | Unknown
    Seven Republican-led states on Tuesday filed a lawsuit to challenge the Biden administration's latest student debt forgiveness plan, saying the U.S. Department of Education was taking steps to start canceling loans as soon as this week. The lawsuit came less than a week after the U.S. Supreme Court rejected the Biden administration's bid to revive a different student debt relief plan that was designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some.
  • Democrats are plotting a brazen $147B student-loan debt ‘October surprise’

    08/14/2024 5:20:35 PM PDT · by karpov · 71 replies
    New York Post ^ | August 14, 2024 | Michael Brickman
    The Biden-Harris team has signaled that it’s gearing up for an “October Surprise” on student loan cancellation — although it might come even sooner, sneaking in before early voting starts. Once again, they are trying to shift hundreds of billions of dollars in loans onto the 90% of Americans who don’t owe student debt, to gain favor with voters who do. And this time they’ve added a brazen direct-marketing campaign to appeal to those indebted voters, just ahead of the presidential election. Their new loan-forgiveness effort is particularly devious because it is designed with the administration’s previous court losses in...
  • In Major Order, Appeals Court Blocks Student Loan Forgiveness And Lower Payments For 8 Million Borrowers

    07/18/2024 12:54:06 PM PDT · by george76 · 29 replies
    Forbes ^ | Jul 18, 2024, | Adam S. Minsky
    A federal appeals court on Thursday temporarily blocked a key Biden administration student loan forgiveness and repayment plan. The order could have significant ramifications for millions of borrowers.. Joe Biden’s Saving on a Valuable Education plan is a new income-driven repayment program designed to provide affordable payments and multiple pathways to loan forgiveness. The Education Department unveiled the SAVE plan last year, and began implementing the program in phases. But several groups of Republican-led states filed two separate legal challenges this spring, arguing that the Biden administration exceeded the authority Congress provided. Thursday’s appeals court ruling is just the latest...
  • Downtown Louisville skyscraper repossessed after defaulting on $28 million loan

    07/10/2024 6:15:44 PM PDT · by ChicagoConservative27 · 10 replies
    Whas11 ^ | 07/08/2024 | Jay Skebba
    LOUISVILLE, Ky. — A judge recently placed a Louisville skyscraper in a receivership after its owners defaulted on a $28 million loan, according to new court documents. A lawsuit was filed in June by lender Wilmington Trust National Association in Jefferson County Circuit Court, and accused the owners of the Meidinger Tower of failing to make a monthly payment of $142,204.82 last November. The plaintiffs also claim the owners have not made a payment in any subsequent month.
  • Federal Budget Deficit Forecast Jumps $400 Billion, Fueled by Student Debt Forgiveness

    06/23/2024 5:21:40 AM PDT · by george76 · 18 replies
    Reason ^ | 6.21.2024 | EMMA CAMP
    The Congressional Budget Office reports the 2024 budget deficit will near $2 trillion.. In 2024, the federal budget deficit is estimated to reach nearly $2 trillion, according to new projections released by the Congressional Budget Office (CBO) this week. In February, the agency predicted that the deficit would only be $1.58 trillion. However, spending increases have caused the projected deficit to increase by $400 billion, a staggering 27 percent hike. According to the CBO, 80 percent of the spike in the deficit can be blamed on four sources of government spending. The largest source, responsible for $145 billion of the...
  • G7 plan to loan Ukraine $50 billion from frozen Russian assets is legal, Yellen says

    06/16/2024 6:02:03 PM PDT · by canuck_conservative · 47 replies
    New York Post ^ | June 16, 2024 | Ronny Reyes
    “The investments that Russia had have matured. So Russia’s funds are sitting in cash, but they’re generating income for the institution which Russia has no claim on,” she concluded. The G7 agreed on the American proposal Thursday during a summit in Italy. The move allows the world leaders to tap into the interest being accumulated at European banking institutions from the frozen assets to the tune of $50 billion. Yellen added that the G7 has made it clear to Moscow that the actual assets will remain frozen until Russia agrees to pay for the damages Ukraine has sustained over the...
  • Ukraine Payday: G7 to Agree $50-Billion Loan at Italy Summit

    06/13/2024 6:09:55 AM PDT · by ChicagoConservative27 · 17 replies
    Breitbart ^ | 06/13/2024 | Simon Kent
    G7 leaders will agree on a new $50-billion loan for Ukraine as they gather Thursday for a summit at a plush resort in southern Italy. The funds will come from profits stripped off frozen Russian assets. AFP reports Ukrainian President Volodymyr Zelensky will fly in to join U.S. President Joe Biden and leaders from Italy, Britain, France, Germany, Canada and Japan for the talks at the luxury Borgo Egnazia resort in Puglia. The money is destined to to help Kyiv with defence, budgetary support, and reconstruction after more than two years of war with Russia.
  • Households Earning $300k+ a Year Are Biggest Beneficiaries of New Student Debt ‘Cancellation’ Plan, Penn Wharton Study Finds

    05/17/2024 7:03:57 AM PDT · by Mr. Mojo · 14 replies
    Foundation for Economic Freedom ^ | MAY 10, 2024 | Jon Miltimore
    President Joe Biden introduced new provisions to his student debt relief plan earlier this month, and the primary beneficiaries are high-income earners, according to a new analysis released by the Wharton School of the University of Pennsylvania. While Biden’s 2023 SAVE Plan already put taxpayers on the hook for $475 billion, the new plans add another $84 billion to the tally — largely by “canceling” the student debt of some 750,000 households making more than $312,000 a year on average. The average debt relief for these households is $25,500, the study found. In June 2023, the Supreme Court struck down...
  • Federal student loan interest rate will rise to highest level in 12 years

    05/16/2024 8:53:07 AM PDT · by SeekAndFind · 19 replies
    CNN VIA MSN ^ | 05/16/24 | Katie Lobosco
    Borrowing to pay for college is about to get more expensive: The interest rate on new federal student loans for undergraduates during the upcoming 2024-25 academic year will be the highest in 12 years. The federal student loan interest rate will be 6.53% for undergraduate students, up from 5.5% for the current year. The interest rate has not been that high on any undergraduate loans since the 2012-13 school year. Graduate students will see an 8.08% interest rate this coming academic year, up from 7.05%. And PLUS loans, which are available to both parents and graduate students, will come with...
  • 17 states sue Biden over latest student loan bailout plan

    04/23/2024 11:23:26 AM PDT · by george76 · 9 replies
    College Fix ^ | APRIL 23, 2024 | SOPHIA VITTER
    Attorney generals for 17 Republican-led states have sued the Biden administration over its latest student loan debt forgiveness plan, arguing it does not have the authority to wipe out student loan debt for an estimated 30 million Americans. Under Biden’s new effort, called the Saving on a Valuable Education plan, “borrowers who originally took out $12,000 or less in loans and have been in repayment for 10 years are eligible to get their remaining debt canceled,” an April 8 news release states. The SAVE plan would also forgive debt for “borrowers in public service for 10 years who have made...
  • Mom, 28, forced to sell her dream car after forking out $40,000 in INTEREST alone

    04/15/2024 10:40:17 AM PDT · by C19fan · 81 replies
    UK Daily Mail ^ | April 15, 2024 | Neirin Gray Desai
    Three years ago, 28-year-old Blaisey Arnold entered a local auto dealership and came away with the keys to an $84,000 Chevy Tahoe. But this month, the wedding photographer and mother shared a video to TikTok describing how she was forced to sell her dream car.
  • White House: Biden’s Fighting Inflation with Student Loan Plan

    04/12/2024 6:09:31 AM PDT · by ChicagoConservative27 · 44 replies
    Breitbart ^ | 04/12/2024 | IAN HANCHETT
    On Thursday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey stated that President Joe Biden is fighting inflation and its impact by “lowering the cost of student debt for all of those borrowers” with the student loan plan he announced earlier in the week. Boushey said, “[T]he President has been focused on using all the tools that he has at his disposal to make sure that he lowers costs for families. So, this is the first President to be negotiating with Big Pharma over prescription drug prices. That’s going to lower prices for...
  • Biden Announces New Plan to Bribe 25 Million Student Loan Borrowers

    04/09/2024 9:40:36 AM PDT · by Rummyfan · 16 replies
    PJ Media ^ | 8 Apr 2024 | Matt MArgolis
    On Monday, the Biden administration unveiled its new student loan debt proposal, which, if finalized, would eliminate some debt for as many as 25 million borrowers.These plans primarily target those with "runaway interest" and borrowers who have been making payments for two decades. Moreover, it aims to assist those eligible for forgiveness through income-driven repayment (IDR) schemes and individuals enduring financial hardship."The plans would give borrowers $20,000 in loan forgiveness for balances that have grown due to unpaid interest since entering repayment, regardless of income. Those who qualify for the SAVE IDR plan would get the full balance of their...