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Senate Passes Measure to Stop Biden's Student Debt Forgiveness
The Democratic-led Senate has passed a measure to halt Biden's student debt forgiveness plan. The proposal sought to forgive up to $20,000 in loans to 40 million borrowers, but it faces a potential presidential veto. The measure received support from some moderate Democrats and Republicans. However, its validity is still pending the decision of the Supreme Court. Republicans argue that their measure is fair to taxpayers. Although the proposal will be rejected in the White House, Republicans are confident that their objections to debt forgiveness will prevail in the Supreme Court.
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Is it safe to store money in payment applications? What you should know
The Consumer Financial Protection Bureau warns about the risks of storing money in payment apps like Venmo and PayPal. These applications are not backed by federal deposit insurance, which means that the funds could disappear without the possibility of a refund. It is recommended to transfer money to traditional bank accounts for greater financial security. It is essential to take precautions when using these applications and make informed decisions.
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