Tag: Biden

Biden unveils System B soon after Supreme Courtroom strikes down forgiveness

Christina Lobo
Biden unveils System B soon after Supreme Courtroom strikes down forgiveness

Just several hours following the Supreme Court docket struck down the president’s scholar personal loan forgiveness system, the White Property arrived back on Friday with several avenues to guidance debtors.

The Biden administration is searching for to deliver credit card debt relief below the Greater Education and learning Act of 1965 and has initiated that regulatory process. In addition, the Education Department is creating a short term 12-month on-ramp repayment program that gets rid of the threat of default if borrowers skip payments when they restart in Oct. 3rd, the administration finalized a new money-pushed reimbursement system that it referred

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O’Neill phone calls for US financial commitment in advance of Biden trip to Northern Ireland

Christina Lobo
O’Neill phone calls for US financial commitment in advance of Biden trip to Northern Ireland

Northern Ireland’s very first minister-designate has urged the US to “drum up” financial commitment in the area now that Rishi Sunak’s Brexit offer has taken out a crucial obstacle to trade.

Contrary to her counterparts in the Democratic Unionist party, Michelle O’Neill, vice-president of the nationalist Sinn Féin bash, has welcomed the Uk-EU Windsor framework, which aims to relieve write-up-Brexit trade friction.

She was in Washington final month in progress of President Joe Biden’s go to to Belfast future week to mark the 25th anniversary of the Great Friday Settlement and claimed all the converse then experienced been “investment, financial

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Biden designs to bar some U.S. investments in China, track some others

Christina Lobo
Biden designs to bar some U.S. investments in China, track some others

WASHINGTON, Feb 10 (Reuters) – The Biden administration programs to outright ban investments in some Chinese technologies businesses and improve scrutiny of other individuals, 3 sources stated, element of its program to crack down on the billions that American firms have poured into delicate Chinese sectors.

The ban is expected to utilize to some investments tied to chip production, two of the sources reported. The upcoming regulations are possible to observe sweeping new limits the U.S. positioned on exports of American synthetic intelligence (AI) chips, chipmaking instruments, and supercomputers, between other technologies, to China in October, resources also reported.

The

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Biden phone calls on Congress to head off possible rail strike

Christina Lobo
Biden phone calls on Congress to head off possible rail strike

OMAHA, Neb. – President Joe Biden on Monday requested Congress to intervene and block a railroad strike before future month’s deadline in the stalled deal talks, and Household Speaker Nancy Pelosi explained lawmakers would acquire up legislation this 7 days to impose the offer that unions agreed to in September.

“Let me be very clear: a rail shutdown would devastate our economy,” Biden mentioned in a statement. “Without freight rail, quite a few U.S. industries would shut down.”

In a assertion, Pelosi reported: “We are unwilling to bypass the common ratification procedure for the Tentative Agreement — but we need

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Biden transfer on China financial investment blacklist draws fireplace in Washington

Christina Lobo
Biden transfer on China financial investment blacklist draws fireplace in Washington

NEW YORK — U.S. politicians have expressed outrage about a Biden administration move to quietly explain to American investors they can hold on to shares of Chinese providers on an investment blacklist for military services back links, as claimed by Nikkei Asia.

“What is the issue of a needed divestment period if it does not actually involve divestment?” Republican Senator Marco Rubio mentioned to Nikkei. “The moment again, the Biden administration has watered down and weakened vital countrywide equipment to take on the Chinese Communist Celebration.”

From throughout the aisle, Michael Wessel, a Democratic member of the official U.S.-China Economic

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Georgia to announce $7 bln Hyundai EV financial commitment as Biden visits Seoul – sources

Christina Lobo
Georgia to announce bln Hyundai EV financial commitment as Biden visits Seoul – sources

WASHINGTON/SEOUL, Could 19 (Reuters) – Georgia Governor Brian Kemp will announce on Friday that Hyundai Motor Group is investing far more than $7 billion in the point out, an announcement coinciding with a pay a visit to by President Joe Biden to Seoul, resources advised Reuters.

The South Korean automobile group, which residences Hyundai Motor Co (005380.KS) and Kia Corp (000270.KS), will build a plant to make electric powered autos (EVs) in south Ga, the sources said.

Hyundai Motor Group declined to comment.

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Kemp’s business said on Wednesday he

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