Stories tagged: "Joe Biden"
If the country defaults on its debt, millions of people would lose their jobs, retirement accounts would be decimated, Social Security payments could be delayed, Medicare and Medicaid benefits could be affected, and military members could see paychecks delayed.
The 2024 election election that could be a repeat of 2020, as former President Donald Trump has already been campaigning for several months.
About 90% of the benefits from Biden's plan will go to families earning less than $75,000 according to the White House, but a group of Republican-led states have sued to block it.
Biden’s blueprint includes several recently passed laws which are expected to create millions of good-paying jobs in construction, manufacturing, and other sectors.
The Biden administration introduced several new efforts to protect renters, make renting more affordable, and to increase fairness in the rental market.
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Under the new plan, borrowers who earn less than roughly $30,600 a year would owe $0 a month on their federal student loans, effectively pausing them. A borrower who’s in a family of four and makes less than roughly $62,400 would also see their payments paused.
Over the past two years, the Biden-Harris administration and the Democratic-run House and Senate acted to lower healthcare and drug costs; fight climate change and reduce energy costs; invest in mental health care; and invest in American manufacturing and infrastructure.