Biden to Cancel Student Debt for over 277,000 Borrowers

President Joe Biden announced Friday that he would be canceling student loan debt for over 277,000 borrowers.

In total, $7.4 million will be canceled from borrowers in over 40 states, which brings the total amount of student loan cancellation to $153 billion, according to The Hill.

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Dem Voter Registration Dips in Crucial Swing States Ahead of 2024

Voter Registration

Three crucial battleground states have experienced a drop in Democratic voter registration since late 2020 and ahead of a November rematch with former President Donald Trump and President Joe Biden, election data shows.

Nevada, North Carolina and Pennsylvania — which saw some of the closest presidential elections last cycle — all currently have less registered Democratic voters overall than in late 2020, according to the most recent state records. While Democrats still lead Republicans in party registration, the margins in these states are much smaller than before.

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Chinese Military Companies Have Spent over $24 Million Lobbying the U.S. Government in Recent Years

Chinese Military

Entities the Pentagon classifies as “Chinese military companies” have spent more than $24 million lobbying the U.S. government since 2020, a Daily Caller News Foundation review of lobbying disclosures found.

Some of the biggest spenders on lobbying included corporations directly tied to human rights abuses and Chinese military research, like telecom giant Huawei, facial recognition software developer Megvii and genomics company BGI Shenzhen. Chinese military corporations cast a wide net across the American government, lobbying the House, Senate and various parts of the executive branch, including the office of the president, often setting their sights on proposed policies that would impact their U.S. operations, according to a DCNF review of congressional disclosures and legislative records.

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Commentary: House Should Plan to Drain the Swamp in January 2025

Drain the Swamp

The sad reality is that the Republicans in the House after a narrow victory in the 2022 Congressional midterms do not have enough of a majority to be able to accomplish many big things. 

This is not the fault of anyone in leadership, but instead is just the reality of what is at this time a one-vote majority with wildly divergent priorities amongst the GOP members in the House.

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Nonbinary Antifa Agitator Charged with Detonating IED Outside Alabama Attorney General’s Office

Kyle Benjamin Douglas Calvert

A“nonbinary” Antifa agitator was arrested in Alabama Wednesday for allegedly detonating an explosive device outside the Alabama Attorney General’s Office back in February.

Kyle Benjamin Douglas Calvert, 26, of Irondale, was charged with “malicious use of an explosive and possession of an unregistered destructive device,” the Department of Justice announced in a press release. Calvert allegedly constructed an IED with screws and nails and detonated it outside the Republican AG’s Office on February 24.

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Electricity Prices have Risen Seven Times Faster Under Biden than Trump

Electricity prices have experienced a significant rise since the beginning of the Biden administration, rising more than seven times faster than under the entire Trump administration.

The average price of electricity has increased by 29.4% since January 2021 as of March, far greater than the preceding four years under the Trump administration, when electricity prices increased by only 4.0%, according to the Federal Reserve Bank of St. Louis. The jump in electricity prices accompanies a number of policies from the Biden administration that have curbed energy production, such as a regulation from the Environmental Protection Agency that requires that existing coal-fired power plants cut their greenhouse gas emissions by 90% by 2040.

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Amendment in GOP-House’s FISA Renewal Bill for Warrant Requirement Fails in Tie Vote, 212-212

A bipartisan warrant requirement amendment to the Foreign Intelligence Surveillance Act section 702 renewal bill failed to pass in a tie vote of 212-212 on the House floor on Friday. The amendment would have prohibited “warrantless searches of U.S. person communications in the FISA 702 database, with exceptions for imminent threats to life or bodily harm, consent searches, or known cybersecurity threat signatures.”

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Feds Borrowed $6 Billion Per Day So Far This Fiscal Year

Maya Macguineas

The U.S. federal government has borrowed about $6 billion per day so far this fiscal year with little indication of slowing down.

The U.S. Treasury Department released its figures for the month of March showing it borrowed $236 billion in March alone, bringing the total to $1.1 trillion for this fiscal year, which runs from October to September.

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Investors Scramble to Adjust Their Portfolios After Inflation Surge

New York Stock Exchange trading floor

Many investors are diversifying their portfolios from standard stocks and bonds as March’s inflation surge casts doubt on economy-boosting rate cuts from the Federal Reserve happening this year, according to Reuters.

The consumer price index increased to 3.5 percent year-over-year in March, up from 3.2 percent in February and far from the Fed’s 2 percent target. Markets prior to March’s inflation report anticipated a few rate cuts this year, leading investors to buy up stock in anticipation that markets would rise when cuts materialize, but the increasing possibility that the Fed will not cut rates this year has led investors to switch up their market strategy, according to Reuters.

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Harvard Reverses Course, Brings Back Standardized Testing

Harvard announced Thursday that it will bring back standardized testing requirements for the admission process.

The Ivy League school first dropped the testing policy in June 2020 due to the COVID-19 pandemic, and later announced in 2021 that it would extend the test-optional policy for four additional years, according to the Harvard Crimson. Hopi Hoekstra, Edgerley Family dean of the Faculty of Arts and Sciences, announced that the requirement would return “starting with next year’s admissions cycle” and claimed that the reinstatement would bring “important information back into the admissions process.”

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