Former Obama Economic Adviser Slams Biden’s Extension On Student Loan Pause

Joe Biden

As the inflation crisis continues, former Secretary of the Treasury Larry Summers for the Obama and Trump administrations condemned President Biden’s decision to extend the student loan moratorium, saying it will further worsen inflation. “The Administration’s postponement yet again of student debt payments is very hard to understand on policy terms,” Summers said on Twitter. “Wherever one stands on student debt relief this approach is regressive, uncertainty creating, untargeted and inappropriate at a time when the economy is overheated.” “This is not a small macroeconomic thing,” he continued. “At a time when the economy is overheating… student debt action will

Biden Admin Says Putin Should Remain In Power Despite Atrocities In Ukraine

Biden Phone

During Tuesday’s press briefing, White House Press Secretary Jen Psaki said the Biden administration is still not calling for a regime change in Russia, despite labelling Russian President Vladimir Putin due to the gruesome massacre of civilians in Bucha, Ukraine. Fox News reporter Peter Doocy noted new reports of Russian soldiers torturing and killing Ukrainian civilians and raping girls as young as 10 before asking Psaki if the Biden administration still believed Putin should remain in power. “Given these awful videos and pictures we’re seeing of the atrocities that took place in Bucha right now,” Doocy said. “Is the U.S. policy

Biden To Extend Student Loan Moratorium Again

Biden Ice Cream

The Biden administration is reportedly planning to freeze federal student loan payments until August 31, extending a moratorium that was put in place at the beginning of the pandemic, a person familiar with the matter said, according to The Wall Street Journal. The person said that the extension could be announced as soon as Wednesday. “Payments and interest accrual have been paused for borrowers with federal student loans since March 13, 2020, at the start of the pandemic,” The Wall Street Journal reported. “The pause is currently scheduled to expire on May 1, following a 90-day extension that was announced as

CBP Chief Admits Border Crisis Will Worsen After Title 42 Ends

(Photo by OLIVIER HOSLET/POOL/AFP via Getty Images)

On Monday, Customs and Border Protection Commissioner Chris Magnus admitted that the Biden administration’s decision to revoke the Trump-era Title 42 border security policy will “likely” cause an “increase in encounters” with illegal immigrants along the southern border. “As a result of the CDC’s termination of its Title 42 public health order, we will likely face an increase in encounters above the current high levels,” Magnus said in a statement. “There are a significant number of individuals who were unable to access the asylum system for the past two years, and who may decide that now is the time to

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