Republicans proposed a new stimulus bill with no student loan relief and reduced unemployment benefits
in May, which would extend the CARES Act’s student loan payment and interest suspension for an additional 12 months. The HEROES Act would also expand the CARES Act’s protections to include commercially-issued FFEL-program federal student loans, as well as federal Perkins loans, and would provide $10,000 in federal and private student loan forgiveness to borrowers experiencing economic distress.
Even if the latest narrow stimulus proposal could garner enough votes to pass the Republican-controlled Senate, the bill would have to pass the Democratic-controlled House. Democratic congressional leaders have, so far, opposed a narrow stimulus bill. Correction: An earlier version of this article referenced unemployment benefits on a per-month basis, rather than a per-week basis.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Are we getting a second stimulus check or not? Frustration festers during Senate recessSenate Republicans are expected to propose a new $500 billion relief program without a second round of $1,200 stimulus checks.
Weiterlesen »
New GOP 'skinny' COVID relief bill doesn't include more stimulus checks, cuts extra unemployment pay in halfMeanwhile, unemployment remains at historic levels as a growing number of Americans struggle to get enough food.
Weiterlesen »
Coronavirus stimulus: Executive order on student loans creates 'an implementation disaster in the making’The president’s extension of the interest-free payment pause on student loans is only punting the problem to the future, one expert says, adding that bringing borrowers back on repayment on January 1 will be an “implementation disaster in the making.”
Weiterlesen »
With negotiations on next stimulus package at an impasse, here's what you can actually count onWith negotiations on Capitol Hill over the shape of the next stimulus package at an impasse, President Donald Trump took executive action earlier this month to pass a patchwork of aid. Which of those relief measures can you count on?
Weiterlesen »
Mnuchin Slams Democrats, But Says Stimulus Talks Could Resume This WeekA new GOP bill might be even smaller than July’s proposed HEALS Act.
Weiterlesen »
7 states approved to offer extra $300 weekly unemployment benefitsArizona, Colorado, Iowa, Louisiana, Missouri, New Mexico and Utah were the first states to apply and be approved for an extra $300 a week in federal unemployment benefits.
Weiterlesen »