Tag: Bidens
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Some states could tax Biden’s student loan debt relief
MINNEAPOLIS — President Joe Biden’s student loan forgiveness plan could lift crushing debt burdens from millions of borrowers, but the tax man may demand a cut of the relief in some states. That’s because some states tax forgiven debt as income, which means borrowers who are still paying down student loans could owe taxes on…
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Democrats see midterm momentum after Biden’s unexpected winning streak
President Biden is on a roll for a commander-in-chief with historically low approval ratings, scoring a string of legislative and foreign policy wins that are giving Democrats fresh hope of avoiding a drubbing in the November midterms. Mr. Biden has been able to pass a slew of significant bills through the evenly divided Senate with…
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Possible recession looms on anniversary of Biden’s prediction of ‘temporary’ inflation
President Biden told Americans exactly one year ago Tuesday that inflation of 5.4% would be “temporary,” and he was right, in the wrong direction. Consumer prices have kept climbing, to a rate of 9.1% in June. The rise has been so historic that Mr. Biden and his aides lately have given up trying to predict…
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Dr. Anthony Fauci expects to retire by end of Biden’s current term
Dr. Anthony Fauci, the government’s top infectious disease expert, said Monday he plans to retire by the end of President Joe Biden’s term in January 2025. Fauci, 81, was appointed director of the National Institute of Allergy and Infectious Diseases in 1984, and has led research in HIV/AIDS, respiratory infections, Ebola, Zika and the coronavirus.…