Author: James McAllister
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Appeals court extends block of Biden administration’s student loan forgiveness plan
The U.S. Court of Appeals for the Eighth Circuit on November 14 extended its pause on the Biden administration’s plan to forgive up to $20,000 of federal student loan debt per borrower. The court initially blocked the plan on Oct. 21, and forgiveness will remain frozen until the court reviews an appeal from six states suing…
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U.S. weekly unemployment insurance claims rise to 225,000
New applications for U.S. unemployment insurance benefits rose 7,000 for the week ending November 5 to a seasonally adjusted 225,000. The previous week’s figure was revised up from 217,000 to 218,000. The four-week moving average as of November 5 fell to 218,750 from a revised 219,000 as of the week ending October 29. The number…
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Appeals court temporarily blocks Biden administration’s student loan forgiveness plan
The U.S. Court of Appeals for the Eighth Circuit on Oct. 21 temporarily blocked the Biden administration’s plan to forgive up to $20,000 of federal student loan debt per borrower. The forgiveness will remain frozen until the court reviews an appeal from six states suing the administration. The states allege the executive branch does not have…
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U.S. weekly unemployment insurance claims rise to 217,000
New applications for U.S. unemployment insurance benefits rose 3,000 for the week ending October 22 to a seasonally adjusted 217,000. The previous week’s figure was unrevised at 214,000. The four-week moving average as of October 22 rose to 219,000 from an unrevised 212,250 as of the week ending October 15. The number of continuing unemployment…
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U.S. weekly unemployment insurance claims fall to 214,000
New applications for U.S. unemployment insurance benefits fell 12,000 for the week ending October 15 to a seasonally adjusted 214,000. The previous week’s figure was revised down from 228,000 to 226,000. The four-week moving average as of October 15 rose to 212,250 from a revised 211,000 as of the week ending October 7. The number…
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Trial held in six-state lawsuit against Biden administration student loan forgiveness
James Campbell, a lawyer from the Nebraska Attorney General’s office, represented six states in a trial on October 12 to block the Biden administration’s plan to forgive up to $20,000 of federal student loan debt in the United States District Court for the Eastern District of Missouri. Campbell argued that the administration’s proposal would harm…
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U.S. weekly unemployment insurance claims rise to 219,000
New applications for U.S. unemployment insurance benefits rose 9,000 for the week ending October 8 to a seasonally adjusted 228,000. The previous week’s figure was unrevised at 219,000. The four-week moving average as of October 8 rose to 211,500 from an unrevised 206,500 as of the week ending October 1. The number of continuing unemployment…
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California governor vetoes unemployment insurance for undocumented immigrants
California Gov. Gavin Newsom (D) vetoed a bill on September 28 that would have extended unemployment insurance benefits to undocumented immigrants and those in the country illegally under what was called the Excluded Workers Pilot Program. Newsom cited the price of the program as the reason for his veto. About 140,000 undocumented workers would have…
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U.S. weekly unemployment insurance claims rise to 219,000
New applications for U.S. unemployment insurance benefits rose 29,000 for the week ending October 1 to a seasonally adjusted 219,000. The previous week’s figure was revised down from 193,000 to 190,000. The four-week moving average as of October 1 rose to 206,500 from a revised 206,250 as of the week ending September 24. The number…
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Six states sue Biden administration over student loan forgiveness plan
Six states filed a joint lawsuit against the Biden administration on September 29 to block the federal government’s plan to forgive up to $20,000 of federal student loans per person. The states allege the administration overstepped its executive authority and was “not remotely tailored to address the effects of the pandemic on federal student loan…