Biden promised student-loan borrowers cheaper payments and more debt relief. The government might not have enough money for everyone to actually get those benefits.

Tech Insider : Economy, Politics
President Joe Biden speaks on the student-debt-relief plan in the South Court Auditorium at the Eisenhower Executive Office Building on October 17, 2022, in Washington, DC. Biden gave an update on the student-debt-relief-portal beta test.
President Joe Biden speaks on the student-debt-relief plan in the South Court Auditorium at the Eisenhower Executive Office Building on October 17, 2022, in Washington, DC.

The government's main budget experts confirmed that the US could risk economic catastrophe as soon as early June

Tech Insider : Economy, Politics
President Joe Biden.
President Joe Biden.

Kevin Dietsch/Getty Images

JD Vance defends Trump's comments that Republicans should let the US default, saying the former president was giving 'political advice' and doing 'fundamentally the right thing'

Tech Insider : Economy, Politics
JD Vance and former President Donald Trump shake hands in 2022.
JD Vance and former President Donald Trump shake hands in 2022.

Drew Angerer/Getty Images

Biden's Education Secretary confirms the process of resuming student-loan payments will start 'no later than June 30': 'The emergency period is over'

Tech Insider : Economy, Politics
Education Sec. Miguel Cardona
Education Secretary Miguel Cardona.

GREG NASH/POOL/AFP via Getty Images

A conservative group just asked a federal court to end the student-loan payment pause immediately — partly because 'some junior associates at major law firms saw their six-figure salaries increase' during the pandemic

Tech Insider : Economy, Politics
Biden
President Biden.

Jacquelyn Martin, Pool

Parents and graduate students taking on new student loans are about to experience the highest interest rates in over a decade

Tech Insider : Economy, Politics
Shadows of college graduates

Getty Images

Student-loan borrowers need more 'individual responsibility,' a top GOP lawmaker says as the House advances a bill to block Biden's debt cancellation

Tech Insider : Economy, Politics
Rep. Virginia Foxx
Rep. Virginia Foxx, R-N.C.

Al Drago/CQ Roll Call

Biden finally met with top lawmakers to discuss a debt ceiling solution — but McCarthy says there wasn't 'any new movement' as a catastrophic default inches closer

Tech Insider : Economy, Politics
Congressional leaders meet on debt ceiling
US President Joe Biden meets with US Speaker of the House Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell in the Oval Office of the White House in Washington, DC, on May 9, 2023. Biden and Republican leaders met in hopes of breaking an impasse over the US debt limit.

Even if Biden offers Republicans a short-term solution to raise the debt ceiling, McCarthy says he'll reject it: 'Let's just get this done now'

Tech Insider : Economy, Politics
Speaker Kevin McCarthy
Speaker of the House Kevin McCarthy (R-CA).

Drew Angerer/Getty Images

A group of scammers cheated student-loan borrowers out of $12 million by misleading them about repayment programs and 'loan forgiveness that did not exist,' a federal watchdog says

Tech Insider : Economy, Politics
FTC building
The US Federal Trade Commission (FTC) building.

PAUL J. RICHARDS/AFP via Getty Images

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