MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: Japan June Tokyo Core CPI Rises 2.1% Vs. May 1.9%

Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M

MNI BRIEF:Japan May Factory Output Hits First Rise in 2 Months

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Biden To Announce New Plans To Cancel Student Loan Debt

US
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

President Biden is shortly due to deliver a speech in Maddison, Wisconsin where he will announce new plans to cancel student debt for, “tens of millions of Americans”– renewing commitment to a pledge which was struck down the Supreme Court last June. LIVESTREAM

  • The White House said in a statement: “The plans, if implemented, would provide debt relief to over 30 million Americans when combined with actions the Biden-Harris Administration has already taken to cancel student debt over the past three years.” More details of the plan can be found in a fact sheet here.
  • Education Secretary Miguel Cardona told reporters the announcement, “shows that we are continuing to fulfill our promises. We’re delivering as much relief as possible, for as many borrowers as possible, as quickly as possible.”
  • The New York Times notes: “If Mr. Biden succeeds in putting the new plan into effect before the November election, it may help rally support among voters who were intensely disappointed that the president failed in his first plan… But the president faces steep obstacles in the legal system and the calendar.”
181 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

President Biden is shortly due to deliver a speech in Maddison, Wisconsin where he will announce new plans to cancel student debt for, “tens of millions of Americans”– renewing commitment to a pledge which was struck down the Supreme Court last June. LIVESTREAM

  • The White House said in a statement: “The plans, if implemented, would provide debt relief to over 30 million Americans when combined with actions the Biden-Harris Administration has already taken to cancel student debt over the past three years.” More details of the plan can be found in a fact sheet here.
  • Education Secretary Miguel Cardona told reporters the announcement, “shows that we are continuing to fulfill our promises. We’re delivering as much relief as possible, for as many borrowers as possible, as quickly as possible.”
  • The New York Times notes: “If Mr. Biden succeeds in putting the new plan into effect before the November election, it may help rally support among voters who were intensely disappointed that the president failed in his first plan… But the president faces steep obstacles in the legal system and the calendar.”