Biden to announce new student loan forgiveness proposals
CBSN
President Biden will be announcing new proposals for partial or complete student loan forgiveness Monday in Wisconsin.
The main thrust for the latest round of student loan forgiveness proposals is to target accrued and capitalized interest on student loans. According to the Biden administration, 25 million Americans who used federal student loans now owe more than they originally borrowed because of the interest charges that have accumulated.
However, the president's new loan forgiveness proposal will have to clear several hurdles before any student loan balances may be lowered.
As wildfires spread across Southern California this week, President-elect Donald Trump cast blame on state leaders and called for California Gov. Gavin Newsom to resign in a series of Truth Social posts.
Greenland's prime minister said Friday that the mineral-rich Arctic territory's people don't want to be Americans, but that he understands U.S. President-elect Donald Trump's interest in the island given its strategic location and he's open to greater cooperation with Washington.
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The ISIS-inspired attacker who killed 14 people in a truck rampage on New Year's Day in New Orleans fired at police from inside his vehicle before officers fatally shot him, police bodycam footage released Friday shows.
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The IRS said Friday it will kick off the new tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns.
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