Biden says no to eliminating $50,000 student debts
The president has promised in the past to eliminate up to $10,000 in debt and explained why he can't support a measure for more.
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The president has promised in the past to eliminate up to $10,000 in debt and explained why he can't support a measure for more.
Representative Omar suggested the resolution may be the first step towards total student debt cancellation.
The Department of Education pick said he was "totally in support" of President Joe Biden's plan to back $10,000 of student loan forgiveness.
On the campaign trail, Mr. Biden promised to address the student loan crisis and supported cancelling $10,000 in debt per borrower.
The president-elect's transition team also said Mr. Biden supports Congress "immediately" cancelling $10,000 of federal student loans
The outgoing education secretary's five-page letter doesn't refer to President-elect Joe Biden by name.
Millions of Americans will be required to resume student loan payments in January unless the popular program is extended.
Democrats in Congress propose bankruptcy reform to aid families and individuals hurting due to college debt.
State prosecutors say the defunct for-profit school lured students into high-interest loans they couldn't afford.
Should students take a gap year? CBS News business analyst Jill Schlesinger weighs in and gives tips for families.
Student loan debt is a $1.5 trillion financial crisis in America. The average household with student debt owes more than $47,000. Mark Strassmann examines the issue in a special CBS News series, "Life and Debt."
The money will pay off college loans of up to 400 students who overcame personal hardship – from homelessness and extreme poverty – to become first-generation college students.
Americans are burdened with about $1.5 trillion in student loan debt, which the latest data breaks down to an average of $35,000 per borrower. CBSN anchor Anne-Marie Green spoke with Tina Hay, author and founder of Napkin Finance, a platform that creates napkin-sized explainers on money. They discussed what to consider before taking out student loans and how to manage that debt.
"We own more than thanks and cheers at 7 p.m.," Rep. Carolyn Maloney said
The provision, reported on by CBS News in May 2019, will give employers the ability to help employees pay off their student loans without being taxed.
Education experts say more needs to be done, such as putting a pause on all repayments until the pandemic ends.
If you're among the 48 million Americans with student debt, you're likely eligible for some relief come tax time.
Federal regulators fine website for claiming that paid placements were unbiased rankings.
Virginia Representative Bobby Scott says the decision still falls "well short" of providing necessary relief
Many people also end up owing more than they originally borrowed, according to analysis by Pew Charitable Trusts
Americans owe a record $1.5 trillion in student debt, a burden that can hinder goals such as homeownership
Wayne Johnson, who reported to Education Secretary Betsy DeVos, is proposing for student debt forgiveness
Few teens consider the skilled professions as a career, despite ample job opportunities for electricians, contractors and more
It's not the first time the head of nation's biggest bank has spoken out about what he calls "irresponsible" lending
Vermont senator and presidential candidate also wants to provide free college tuition at state universities
Two people are dead and at least five others were injured, including three officers, after a shooting Wednesday in downtown Minneapolis, police said. The suspected shooter is also dead.
The U.S. military was looking into Iran's allegations that people at a wedding party were killed in the American strikes, a spokesman said.
A GOP-proposed constitutional amendment to limit the Supreme Court to nine justices failed in the House, coming up well short of the two-thirds majority needed.
The Pentagon says "Operation Epic Fury" ended on May 5, after an Air Force email last month told service members to stop using the name for ongoing Iran operations.
A federal judge has temporarily blocked a Trump executive order that would prevent certain people from automatically becoming U.S. citizens at birth.
James Talarico's Senate campaign is accusing Ken Paxton and his campaign treasurer of "illegally spending" $1 million that was routed to a Paxton-aligned super PAC.
"The United States Coast Guard pilots made the single engine landing feel routine. No panic, just straight professionalism," Mullin said on X.
The jury in the Lindsay Clancy murder trial, which signaled Wednesday for a second straight day it is deadlocked, left without a verdict and will resume deliberations on Thursday.
The Pentagon will begin requiring male service members ages 30 and older to get screened for testosterone deficiency, after Defense Secretary Pete Hegseth called for the change over the summer.
CEO Dara Khosrowshahi said Uber is removing organizational layers and taking other steps to boost its efficiency.
Two people are dead and at least five others are injured, including three officers, after a shooting near 15 East Grant Street Wednesday afternoon in downtown Minneapolis, according to police. The suspected shooter is also dead.
James Talarico's Senate campaign is accusing Ken Paxton and his campaign treasurer of "illegally spending" $1 million that was routed to a Paxton-aligned super PAC.
More consumers are taking out "buy now, pay later" loans to make ends meet, a sign of the U.S. affordability crisis, according to consumer advocates.
A GOP-proposed constitutional amendment to limit the Supreme Court to nine justices failed in the House, coming up well short of the two-thirds majority needed.
CEO Dara Khosrowshahi said Uber is removing organizational layers and taking other steps to boost its efficiency.
More consumers are taking out "buy now, pay later" loans to make ends meet, a sign of the U.S. affordability crisis, according to consumer advocates.
Meta upgrades its AI glasses' privacy features to block device users from filming people without their consent.
A trade deal with Canada is about to give Chinese EV makers already grabbing major market share elsewhere a foothold just over the Detroit River.
The U.S. Mint said the President Donald J. Trump $1 coin can be bought in packages of 25 for $61 or 100 coins for $154.50.
Elon Musk's super PAC disclosed over $800,000 in spending last month to support Republican Senate and House candidates in competitive races, with the bulk in Texas and Maine.
The Pentagon says "Operation Epic Fury" ended on May 5, after an Air Force email last month told service members to stop using the name for ongoing Iran operations.
A federal judge has temporarily blocked a Trump executive order that would prevent certain people from automatically becoming U.S. citizens at birth.
The Pentagon will begin requiring male service members ages 30 and older to get screened for testosterone deficiency, after Defense Secretary Pete Hegseth called for the change over the summer.
James Talarico's Senate campaign is accusing Ken Paxton and his campaign treasurer of "illegally spending" $1 million that was routed to a Paxton-aligned super PAC.
Lindsay Clancy's case is resonating with moms across the U.S. — bringing into focus the spectrum of perinatal mood and anxiety disorders and the lack of resources for many women.
Dr. Temeka Zore, a double board-certified OB-GYN and fertility specialist, joined "Healthful" for a deep dive on all things fertility, from endometriosis to PMOS (formerly known as PCOS) to egg freezing.
The true cost of "vertical integration": Patients directed to a higher-priced location for procedures. Or forced to buy from their insurer's wholly owned pharmacy, which may not stock the drug prescribed or provide it at the lowest price.
The White House said the agreements will reduce costs to treat Parkinson's disease, macular degeneration, glaucoma, liver disease and other illnesses.
Marc Gaudisosi thought his symptoms were caused by a sinus infection. Then an urgent care told him to go to the hospital.
Daphne Caruana Galizia's killing shocked Europe, led to protests that toppled a prime minister and exposed a culture of impunity in the European Union's smallest state.
A trade deal with Canada is about to give Chinese EV makers already grabbing major market share elsewhere a foothold just over the Detroit River.
The USS Abraham Lincoln aircraft carrier has docked in eastern Thailand after its grueling deployment in the Middle East.
The U.S. military was looking into Iran's allegations that people at a wedding party were killed in the American strikes, a spokesman said.
Spain's Prime Minister Pedro Sánchez says "networks linked both to Russia and to Israel" helped spread rumors about immigration "to attack Europe and divide it."
Adria Arjona sits down with "CBS Mornings" to discuss her new movie, "Onslaught," and working with Michael B. Jordan on "The Thomas Crown Affair."
Jason Isbell, Guy Forsyth and other musicians filed a class action lawsuit against Suno, claiming the AI platform used their music to train its model without permission. Jo Ling Kent has more.
Danielle Brooks sits down with "CBS Mornings" to talk about her new movie, "If I Go Will They Miss Me," and how being a mother and wife helped her in portraying the role.
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
John Galliano's exhibit for the 2027 Met Gala has been canceled after weeks of backlash over his past antisemitic and racist comments. CBS News fashion contributor Lauren Sherman reports.
New York City Mayor Zohran Mamdani announced a 1-year moratorium on the use of AI in elementary and middle school classrooms on Wednesday. Danielle Giunta, first deputy chancellor of NYC public schools, joins "The Daily Report" to discuss.
More lawsuits have been filed against OpenAI in connection with February's deadly mass school shooting in Canada that took the lives of five students and a teacher. CBS News legal contributor Jessica Levinson breaks down the case.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
CEO Dara Khosrowshahi said Uber is removing organizational layers and taking other steps to boost its efficiency.
OpenAI confirmed that its unreleased Astra model has reached a critical cyber capability threshold, which could pose cybersecurity risks. Tim Werth, a tech editor at Mashable, joins CBS News to discuss.
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Minneapolis police say they are responding to a deadly shooting that killed two people and injured multiple others, including police officers, law enforcement sources say. The shooter is also dead. CBS News correspondent Jonah Kaplan reports.
Daphne Caruana Galizia's killing shocked Europe, led to protests that toppled a prime minister and exposed a culture of impunity in the European Union's smallest state.
At least one person is dead and six others are injured after a shooting in downtown Minneapolis on Wednesday, the Hennepin County Medical Center says. CBS News Minnesota's Conor Wight reports. Then, CBS News' Jonah Kaplan joins with more.
24-year-old Agostino Abbatiello, the alleged ringleader of the cocaine trafficking operation at Penn State, was led into court on Wednesday. A judge granted bail of $250,000 to the former member of the Sigma Chi fraternity. Lana Zak reports from the courthouse in Pennsylvania.
As of Wednesday, there was still no verdict in the murder trial of Lindsay Clancy. The jurors went home after a fifth day of deliberations, telling the judge for a second time that they could not decide whether Clancy is criminally responsible for killing her three young children. The judge told them to keep trying. Shanelle Kaul reports and Caroline Polisi has more.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Minneapolis police say they are responding to a deadly shooting that killed two people and injured multiple others, including police officers, law enforcement sources say. The shooter is also dead. CBS News correspondent Jonah Kaplan reports.
At least one person is dead and six others are injured after a shooting in downtown Minneapolis on Wednesday, the Hennepin County Medical Center says. CBS News Minnesota's Conor Wight reports. Then, CBS News' Jonah Kaplan joins with more.
A retired Navy veteran set a record as the oldest person to ever finish hiking along the 2,200-mile-long Appalachian Trail in 2017. After a friend took his title in 2021, Dale Sanders reclaimed it this week. Tony Dokoupil has the story.
Brian Finucane, senior adviser for the U.S. program at the International Crisis Group, joins "The Daily Report" to analyze the Trump administration's deadly campaign against alleged drug-smuggling boats.
When a 93-year-old woman near Seattle heard strange noises in her house last month, she called the cops to report a prowler. Police found an unexpected intruder - a bobcat. Carter Evans has the story.