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Monday, February 27, 2023

The Daily Money: Student debt forgiveness debate begins Tues at SCOTUS

In addition to tax season, debate on student debt forgiveness begins Tuesday at the Supreme Court and SNAP benefits lapse for millions of Americans. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Tuesday, February 28

Happy (rainy) Monday, at least it is where I am. I understand some of you might have had a blizzard and others maybe, the first snow, in years!

If you haven't guessed, it's Medora here to catch you up on all the finance and economic news and more!

It's still tax season, but there are so many other stories happening this week, including a big one - student loans. Everyone's on tenterhooks because oral arguments for and against Biden's plan to forgive student debt begin before the Supreme Court Tuesday . Not only is the fate of millions of Americans and their student loans at stake, but also presidential power. Does the president have the power to cancel student loans or does that require an act of Congress? The outcome of the case could expand or limit future executive powers, observers say.

Stay tuned for clues into how the Supreme Court judges might rule!

Should you refinance student loan debt? The pros and cons. 

Student loan deferment. What to know.

πŸ“° More stories you shouldn't miss πŸ“° 

Resurrection? Don't count the housing market out yet. Why pending contracts for home sales have industry buzzing.

Food inflation is bad enough, now millions will soon have fewer dollars to spendSNAP benefits in 2023 to end extra cash for food benefits provided during the pandemic.

That car is costing you more, too. It's not just eggs and housing: Inflation is also driving up car insurance premiums.

Recession's not here, but we may not be out of the woods yet. Are we headed for a recession? More economists think a 2023 downturn may come later than they thought.

πŸ” Today's Menu πŸ”

Road trip for award-winning fried chicken! Eat James Beard worthy fried chicken in this obscure Indiana town

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

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