Biden administration moves to forgive $4.7 billion of loans to Ukraine
Biden administration moves to forgive $4.7 billion of loans to Ukraine
By Simon Lewis and Daphne Psaledakis
Summary
The Biden administration has moved to forgive $4.7 billion in U.S. loans to Ukraine as part of a $9.4 billion loan package authorized by Congress in April to support Ukraine’s government during its war with Russia.
State Department spokesperson Matthew Miller confirmed the decision, which Congress could still block.
The Senate is set to vote on a disapproval motion introduced by Senator Rand Paul, though bipartisan support for Ukraine remains strong.
President Biden is expediting aid ahead of his term’s end, amid concerns President-elect Trump may restrict future support.
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Dude what about the student loan forgiveness you got filibustered on?
Lol when this started I was a fine candidate for forgiveness. Now my income has increased and they lowered the bar so I'm disqualified. Really glad I'm on this side but it will be 5 years before I can pay off what would have been forgiven. The ceiling is a joke anywhere that isn't a rural environment.
Means testing is just a poverty trap. My family personally earned a bit more money and the state of California now said "Cool, you no longer qualify for free health insurance, you gotta pay."
And while it's not a lot, its a few dollars a month, it has less options. Not even medical transportation in the rural area we live in.