Author: Press Room
Former President Trump’s pick to serve as his running mate on the Republican ticket this year, Ohio Sen. JD Vance, has been a staunch critic of the Biden administration’s student loan handout as part of the White House’s repeated efforts to cancel borrowers’ debt. President Biden campaigned on forgiving student loan debt derived from undergraduate tuition at two- and four-year public universities for borrowers earning up to $125,000 a year. His administration developed the handout plan in the first year and a half of his time in office, and he announced in August 2022 that he would move to cancel…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to…
A federal appeals court on Thursday issued an order temporarily halting the Biden administration from implementing its new student loan repayment plan, known as SAVE.”We are assessing the impacts of this ruling and will be in touch directly with borrowers with any impacts that affect them,” an Education Department spokesperson said.The St. Louis-based 8th U.S. Circuit Court of Appeals seems to have blocked the entire Saving on a Valuable Education plan, said higher education expert Mark Kantrowitz.Previously, only parts of the plan were on hold amid a flurry of legal challenges to the relief program.SAVE plan mired in legal troublesThe…
As President Joe Biden isolated at his beach house in Rehoboth, Delaware, on Thursday after testing positive for Covid, he faced renewed pressure from leading Democrats to drop out of the 2024 election contest against former President Donald Trump.Biden, who for weeks has flatly rejected calls to step aside and allow another nominee to take his place, is now said to be more open to listening to top Democrats about the risk of him remaining in the race. He has also reportedly asked advisers in recent days whether they believe his vice president, Kamala Harris, could beat Trump in November.”We’re…
US stocks sold off broadly Thursday as Wall Street continued to shed tech stocks. The Dow fell 554 points, or 1.3%, retreating from a record high reached a day ago. The S&P 500 fell 1.1%. The Nasdaq Composite fell 1.2%, extending its losses after logging its worst day since 2022 on Wednesday. “A correction was overdue and no one will be surprised if the market regains its momentum by the end of earnings season,” wrote Louis Navellier, chairman of Navellier & Associates, in a Thursday note. Investors have this week moved out of the Magnificent Seven tech stocks that powered…
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Donald Trump’s selection of JD Vance as his running mate cements the Republican party’s shift from the free-market conservatism of the Reagan and Bush eras to the economic populism of the Make America Great Again movement.And if they win in November, the impact of the Trump-Vance economic agenda on everything from global trade to corporate taxes could be huge — and unsettling for US business and allies. “People like JD Vance . . . are just being realistic about the 21st century global economy — it has different challenges than the challenges of Ronald Reagan’s economy,” said Nick Iacovella from the Coalition for…
President Joe Biden tested positive for Covid-19 on Wednesday and is experiencing mild symptoms, according to the White House. Biden, 81, tested positive following his first event in Las Vegas, where he was expected to later speak at the UnidosUS annual conference. The president’s doctor said Biden has received his first dose of Paxlovid, and will be self-isolating at his home in Rehoboth Beach, Delaware, in line with US Centers for Disease Control and Prevention guidance. “The President presented this afternoon with upper respiratory symptoms, to include rhinorhea (runny nose) and non-productive cough, with general mailaise,” a note from Biden’s…
If you’ve ever inherited a retirement account, you’ve probably wondered how to use the funds best. Your new account can help jump-start your journey towards financial freedom. Converting some of your inherited IRA to a Roth account could be a great way to minimize your taxes on retirement income. Can You Convert An Inherited IRA To A Roth IRA? When you inherit an IRA from a person other than your spouse, you cannot directly convert it into a Roth IRA. However, there can be strategies to help get some or all of the assets from your newly inherited IRA into…
