Pause on Student Loan Payments Extended to May 1 | national


WASHINGTON (AP) – The Biden administration on Wednesday extended a moratorium on student loans that allowed tens of millions of Americans to postpone paying their debts during the pandemic.

As part of this action, payments on federal student loans will remain suspended until May 1. Interest rates will remain at 0% during this period and debt collection efforts will be suspended. These measures have been in place since the start of the pandemic, but were due to expire on January 31.

President Joe Biden has said financial recovery from the pandemic will take longer than employment resumption, especially for those with student loans.

The omicron variant of COVID-19 that has swept the United States with fury has given new urgency to the question of whether the moratorium will be extended. Administration officials initially said they expected the January extension to be the last. But even as the economy improves, some fear borrowers may not be ready to restart their payments. Once the moratorium is over, those who were already in arrears could have their salaries and benefits withdrawn as part of the debt collection efforts.

Biden and Dems scramble to save social and climate package

WASHINGTON (AP) – President Joe Biden, along with progressive and moderate Democrats, appear determined to return to the negotiating table with Senator Joe Manchin, the recalcitrant Democrat who effectively thwarted the 2,000 domestic policy initiative billion dollar party.

Since the West Virginia lawmaker rejected the package, dealing a blow to months of negotiations over Biden’s agenda, Democrats on the left and center have joined the White House in an attempt to save the bill on social services and climate change. .

“We have worked too long and too hard to give up now, and we have no intention of doing so,” Representative Pramila Jayapal, head of the Congressional Progressive Caucus, said in a statement on Wednesday.

Jayapal said she and members of the caucus had expressed the need for the White House to continue to achieve the goals of the plan through a combination of executive powers and Biden’s legislation, instead of legislation alone.

“The legislative approach, while essential, has no certainty about the timing or the outcome,” she said, “and we simply cannot wait to bring tangible relief to the people they want. can feel and will make a difference in their lives and livelihoods. “


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