Category: Policy

EducationPolicy

Education Department Reaches Agreement to Resume Student Loan Forgiveness Processing

Student loan borrowers in income-driven repayment plans may soon see resumed loan forgiveness processing under a new agreement between the Education Department and teachers’ union. The deal could help borrowers avoid substantial tax bills by ensuring cancellations occur before a key tax exemption expires.

Student Loan Cancellations to Resume Following Legal Agreement

The student loan forgiveness process for borrowers enrolled in income-driven repayment plans will resume under an agreement reached between the Education Department and the American Federation of Teachers, according to reports filed in federal court. The development comes after loan cancellations in several repayment programs had been temporarily paused earlier this year.

by Harlow Wesley
GovernmentPolicy

Nuclear Weapons Agency Forced to Furlough Majority of Staff Amid Historic Government Shutdown

America’s nuclear weapons agency is preparing to send home approximately 1,400 employees as funding reserves deplete during the ongoing government shutdown. Only essential personnel will remain to monitor nuclear materials and maintain critical safety operations while most stockpile maintenance and research programs halt.

Nuclear Security Agency Faces Massive Staff Reductions

The National Nuclear Security Administration (NNSA), which manages America’s nuclear weapons stockpile, will furlough approximately 80% of its workforce starting Monday as the government shutdown extends into its 17th day, according to reports. Sources indicate this marks the longest complete government-wide funding lapse in U.S. history, surpassing the 16-day shutdown of 2013.

by Harlow Wesley