Brent Jabbour
More from Brent Jabbour
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Biden’s student loan cancellation will be ‘all for naught’ without systemic solutions
With the swipe of a pen, President Joe Biden is wiping away student debt for millions of Americans, with a hefty price tag of around $300 billion for the American people. But already, experts are questioning the long-term impact of this historic moment. “When you provide one-time loan forgiveness to all borrowers, what do we… -
President Biden announces student loan forgiveness
President Joe Biden announced a plan to forgive $10,000 in student loans for borrowers who make less than $125,000 per year and $20,000 for Pell Grant recipients. The president is also extending the freeze on payments and interest until Dec. 31 but said this is the final time he will do that. “In keeping with my campaign… -
Biden’s student loan decision down to wire, leaving millions in the dark
With just one week before student loan payments theoretically start up again for 45 million people, the Biden administration has so far left both borrowers and loan servicers in the dark. After nearly two-and-a-half years of a payment pause, the looming August 31 deadline has both parties scrambling for answers and time. “The fact that… -
Pentagon denies DC request for National Guard assistance with immigrants
The Department of Defense has once again denied Washington, D.C. Mayor Muriel Bowser’s request for National Guard assistance with the thousands of migrants who are arriving on buses from Texas. This is the second denial since Bowser made her initial request in July. In a letter to Bowser, DOD executive secretary Kelly Bulliner Holly stated… -
Do Abbott and Ducey have authority to enforce immigration law?
Immigration at the southern border continues to surge. In July, border agents encountered 199,976 immigrants on the southern border. Agents encountered 207,426 in June; the fourth month in a row with more than 200,000. The governors of Arizona and Texas are not happy with the federal government’s response and are now enforcing immigration law on… -
New York’s 12th Congressional district primary drawing outsized attention
Tuesday is primary day in New York for congressional and state Senate races. But the Democratic primary for New York’s 12th Congressional District is receiving outsized attention because it is pitting two of the most powerful Democrats in Congress up against each other. Reps. Jerrold Nadler and Carolyn Maloney have both been in Congress for 30… -
Dr. Fauci leaving NIH in December
Dr. Anthony Fauci, the president’s chief medical adviser and director of the National Institute of Allergy and Infectious Diseases, said he is leaving his post in December. In a statement, Fauci said he is not retiring and is going to pursue the next chapter in his career. “Over the coming months, I will continue to… -
Secret Service, FBI knew of overt calls for violence before Jan. 6
Newly released emails among federal law enforcement agencies, including the Secret Service and FBI, reveal police knew of explicit threats of violence against the Jan. 6, 2021, electoral certification. The emails show law enforcement held meetings to prepare for the violence and made plans to have an emergency operations center in the Eisenhower Executive Office… -
After four Fed rate hikes, we have ways to benefit from rising interest rates
The Federal Reserve raised interest rates four times in 2022, with experts anticipating more on the way. The benchmark lending rate is now 2.25-2.5% after starting the year near zero. Following years of easy money, Americans will have a tough road ahead as the nation teeters on the edge of a recession. There is a… -
Immigrant buses from Texas strain DC shelter resources
Buses from Texas filled with immigrants are still arriving in Washington, D.C. Texas Gov. Greg Abbott (R) has been ordering the charter buses since April. According to the governor’s office, the state has transported 6,800 migrants to D.C. as of Aug. 12. “They are going to increasingly have to grapple with the challenges that we… -
Investors underestimating Fed’s resolve to bring down inflation, insider says
Despite signs of an economic downturn, inflation is persisting in some of the hardest-to-avoid categories for consumers, like food and housing. The Federal Reserve is expected to continue hiking its interest rate to restrictive territory until inflation comes down significantly, according to minutes of its July session released Wednesday. While July inflation stabilized month over… -
Breaking down the tax implications of Biden’s Inflation Reduction Act
President Biden signed the Inflation Reduction Act into law Tuesday, finalizing his signature piece of legislation just before the midterms. The bill provides $369 billion for clean energy investments, $64 billion for Affordable Care Act premium subsidies, allows Medicare to negotiate drug prices and caps out of pocket costs at $2,000 per year. Democrats said all… -
With student loan deadline approaching, what will Biden do before midterms?
The moratorium on student loan payments and interest is set to expire Aug. 31. That means President Joe Biden has a big announcement to make within the next two weeks as to whether he will end or extend the freeze. Political experts believe with the midterm elections right around the corner, he will almost certainly…
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