By Daniel Leussink 2 Min Read * G20 debt relief requires vigilance: U.S. Treasury Undersecretary McIntosh * Initiative has helped 46 countries defer over $5 billion in debt service payments: McIntosh * Need for extra economic aid remains: McIntosh (Adds quotes on extra economic aid) TOKYO, Dec 8 (Reuters) – Continuing vigilance is needed to…
Senate Minority Leader Chuck Schumer, Democrat of New York, holds a press briefing on Capitol Hill in Washington, DC, on November 6, 2020. Nicholas Kamm | AFP | Getty Images Senate Minority Leader Chuck Schumer, D-N.Y., has called on President-elect Joe Biden to forgive up to $50,000 for student loan borrowers. “Ahead of the new…
By Reuters Staff 1 Min Read FILE PHOTO: Brent McIntosh, General Counsel, U.S. Department of the Treasury, speaks at the 2019 Milken Institute Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Lucy Nicholson TOKYO (Reuters) – U.S. Treasury Undersecretary for International Affairs Brent McIntosh said on Tuesday that continuing vigilance was needed to…
NEW YORK (TNS) All they want for Christmas is their debt paid off. Students and elected officials huddled in the cold Monday to urge President-elect Biden to show some holiday spirit and wipe the slate clean on more than $90 billion of student loan debt across the state. U.S.Sen.Chuck Schumer, D-N.Y., said the new administration…
Joe Biden promised he would push to cancel a significant portion of Americans student debt during his presidential campaign. Fulfilling this promise entails politically fraught decisions over how to do it and who would benefit. Mr. Biden, a Democrat, campaigned on forgiving hundreds of billions of dollars of student debt, starting with a $10,000 write-off…
Sri Lankas navy scours the island nations northern waters in search of Indian smugglers hauling boatloads of turmeric, a staple spice used widely in South Asian cooking. The ultranationalist government of President Gotabaya Rajapaksa this year added the yellow seasoning to a list of banned imports in a desperate effort to prevent an outflow of…
U.S. President-elect Joe Biden gestures to reporters as he arrives to announce nominees and appointees to serve on his economic policy team at his transition headquarters in Wilmington, Delaware, U.S., December 1, 2020. Leah Millis | Reuters If President-elect Joe Biden follows through on his campaign promise to forgive student loans to many borrowers, he’ll…
For 36-year-old Nyajuok Mangongo, 2020 has been a surprisingly good year. The nurse and single mother of three was able to pay off five-figure debt thanks in part to the pandemic. But it was a hard fought road. In early 2019, she was recently divorced, battling post-traumatic stress disorder and facing $87,000 in credit card…
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NEW YORK, NEW YORK – FEBRUARY 20: Anchor Maria Bartiromo interviews Education Secretary Betsy Devos … [+] during “Mornings With Maria” at Fox Business Network Studios on February 20, 2020 in New York City. (Photo by John Lamparski/Getty Images) Getty Images Education Secretary Betsy DeVos has extended an existing moratorium on student loan payments, interest,…