Plus, twin bus stop blasts hit Jerusalem.
The Biden administration again pauses student loan repayments amid legal challenges; twin explosions rock Jerusalem. Tonight's Sentences was written by Jariel Arvin.
The Sentences newsletter will be off on Thursday and Friday for the holiday and back in your inbox on Monday, November 28. |
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Biden pushes student loan repayments into 2023 |
Demetrius Freeman/Washington Post via Getty Images |
- The Biden administration has extended the pause on federal student debt repayments while courts weigh challenges to its loan forgiveness program. [CNN / Arlette Saenz and Katie Lobosco]
- In August, Biden proposed forgiving $10,000 in debt for low- and middle-income earners and $20,000 for borrowers who received Pell Grants. [NPR / Dustin Jones]
- However, a federal court issued a nationwide injunction blocking the plan after six Republican-led states argued it would harm their economies. Biden has asked the Supreme Court to reinstate the program. [New York Times / Stacy Cowley and Zolan Kanno-Youngs]
- The Department of Education says payments will resume 60 days after the litigation ends. If the courts haven't decided by June 30, the pause will be extended for another 60 days. [CNBC / Annie Nova]
- Sixteen million borrowers whose applications were approved must now wait to see if student debt cancellation prevails in court. [CBS News / Aimee Picchi]
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📍 If you read just one story Vox's Ian Millhiser explains the legal fight that could kill Biden's student debt relief plan. [Vox / Ian Millhiser] |
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Bus stop blasts rock Jerusalem |
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- Police beat protesters demanding better pay at Apple's biggest iPhone factory in China. [AP / Joe McDonald and Zen Soo]
- Florida legislators have proposed changing state rules to allow Gov. Ron DeSantis to run for president in 2024 without resigning. [Politico / Gary Fineout]
- Last week, unemployment claims jumped to 240,000 — the highest since August. [The Hill / Jared Gans]
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"It isn't fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments while the courts consider the lawsuit." |
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| It's time to regulate crypto |
After the FTX crash of 2022, it's hard to ignore the elephant in the room: Why don't we have a regulation framework for crypto? It seems like an obvious solution, but as The Verge's Liz Lopatto (@mslopatto) and financial regulation expert Yesha Yadav explain, it's not as simple as it sounds. |
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