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.
The Senate is due to vote later on Wednesday on a motion of disapproval of loan forgiveness for Ukraine put forward by Republican Senator Rand Paul, a frequent critic of U.S. support for Ukraine.
Rand Paul? Is this the fellow who advocated for taking horse medication against COVID?
Also a noted Russian bootlicker, just like the incoming administration.
He also made the bizarre argument that Eric Garner was killed by overzealous regulation of cigarette sales rather than, you know, a violent cop.
Is this the fellow who advocated for taking horse medication against COVID?
In other words: an average Republican
But American students? Fuck em. Raise their interest to finance this.
Biden has also repeatedly forgiven student loans.
the Biden hate is getting tired. sure, he's not the greatest president of all time, but he did a damn good job considering the mess he had to clean up. i can't imagine how it feels handing the keys back to this traitor
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.
Any chance of mortgage loan forgiveness? Just sayin'.
Help them win before we change teams!
Infuriating.
US borrowers can't get their loans forgiven, but Biden's going to be Ukraine's personal Santa Claus for the next month and half, even though we've already allocated hundreds of billions to their war.
Yes, it's Biden that prevented student loan forgiveness.....are you fucking stupid?
Biden's forgiven the loans that he has the power to forgive. Judges and the House have blocked most of his loan forgiveness moves.
If we can allocate billions of dollars to Israel, we can certainly forgive some of Ukraine's loans.
Apropos Santa Claus.
Every time the democrats are in power, the Americans need to suffer. Why? Because the republicans decided so about 40 years ago. It's called the two Santas strategy.
Am I going to be down voted if I say this is stupid.
Does anyone know why Biden has the authority to do this? It seems more up to Congress to decide if a debt is forgiven overnight. "Pen and the Purse" is what my social studies said every class.
Read the article if you want your question answered.