Sanders to introduce bill to end Social Security garnishment for student loan debt
Sen. Bernie Sanders (I-Vt.) announced Monday he will introduce legislation seeking to prevent the federal government from garnishing Social Security benefits for seniors with unpaid student loan payments.
The bill, titled the Stop Social Security Garnishment Act of 2026, proposes barring the Education Department from cutting an individual’s Social Security retirement or disability benefits to offset their outstanding student loan debt.
Read MoreUS-Iran War LIVE: UAE suspends all trade, commercial exchanges, financial transactions with Iran until further notice
US-Iran War LIVE: Oil prices rose for the fourth consecutive day as US and Iran remain locked in a stalemate regarding the possible extension of their ceasefire even after six months of conflict.
Meanwhile, Iran has slammed the US President for claiming the Strait of Hormuz as “New US Territory”. “Just as Trump correctly wrote the name of the eternal Persian Gulf,
Read MoreTech leads losses as Asian stocks track Wall Street sell-off
HONG KONG – Technology stocks were back in the crosshairs of investors on Aug 19, taking another heavy blow from a spike in bond yields, rising oil prices, persistent inflation and dimming hopes for a deal to reopen the Strait of Hormuz.
The sell-off tracked losses on Wall Street,
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Read MoreJudges seem poised to side with banks on state rate caps
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- Key insight: The court’s decision carries high stakes for the banking industry, which is fighting the enactment of a 2023 Colorado law that deals with the state’s interest-rate cap.
- What’s at stake: Banking groups argue that applying varying state rate caps on out-of-state banks would disrupt interstate banking and fracture the dual-banking system.
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Read MoreTrump's trade war with Canada could rattle economies in states with key Senate races
PORTLAND, Maine — President Donald Trump’s trade war with Canada is escalating as the midterm elections approach, threatening Republican efforts to address voters’ economic concerns in a year when control of the U.S. Senate hinges on states along the border between the United States and its northern neighbor.
The dispute flared over the weekend after negotiations broke down,
Read MoreThe Burst
1 Popular Stock To Flee Immediately
Airbnb has been on a tear since 2020 when it reported losses of $3 billion in a single quarter. Lockdowns sparked concerns that the company would not survive a world without travel but soon hope emerged that life would return to normal and the financials soon followed.
A full U-turn followed with the company growing the top and bottom lines at a rapid pace.
» Read more about: 1 Popular Stock To Flee Immediately »
Read MoreThe Ivy
Forget NVIDIA, Buy This AI Stock?
Oh sure, NVIDIA may get the headlines but perhaps an under-the-radar AI play is where your attention should be flowing.
ASML (NASDAQ:ASML) is the only company in the world that produces extreme ultraviolet lithography machines, a critical technology for the most advanced semiconductor manufacturing.
For TSMC, who is crucial in the semiconductor supply chain,
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Read MoreThe Spotlight
SoFi: The Trojan Horse of Banking?
This is the remarkable story of how SoFi, a firm that began as a student lender, has become the trojan horse of the banking industry.
The story begins with the stats. In the United States, 43.4 million people have outstanding federal student loans, which equates to nearly 20 percent of the nation’s adult population.