Education Department representatives left the door open for extending talks about President Joe Biden's alternative student loan relief plan, but didn't explicitly commit to it. Also in the news: The Federal Reserve is meeting today and is expected to leave interested rates unchanged. Happy Birthday, Taylor Swift! | | |
Now here we go with Wednesday's news. |
Student loan relief committee feels Biden's Plan B doesn't go far enough |
President Joe Biden's alternative plan for student loan debt forgiveness was deflated this week by a committee set up to determine how far-reaching and generous it would be. |
Why they're not happy: Most felt it didn't go far enough. By the end of what was supposed to be their last round of negotiations on Tuesday afternoon, tensions among the stakeholders − who range from borrowers to loan servicers − were on full display. |
UN General Assembly overwhelmingly supports cease-fire | The U.N. General Assembly voted overwhelmingly Tuesday to demand a cease-fire in Gaza. Though the vote on the resolution is not binding, it reflects the growing international opposition to a war that has left about 18,000 Palestinians dead and large parts of Gaza in tatters, creating a humanitarian crisis. While President Joe Biden first criticized how Israel is conducting its war against Hamas Tuesday, the U.S. and Israel opposed the measure. The U.S. vetoed a similar Security Council resolution Friday, the only member to vote against it. Read more | Palestinians check the destruction following Israeli bombardment in Rafah, in the southern Gaza Strip on December 12, 2023. MOHAMMED ABED, AFP via Getty Images |
Will the Federal Reserve raise interest rates? | The last Federal Reserve meeting of 2023 ends Wednesday when it's expected to leave its key interest rate unchanged for the third straight month. The pause follows aggressive rate hikes dating back to March 2022, a period in which the central bank raised rates 11 times to a 22-year rate high of 5.25% to 5.5%. Despite the increased cost, the economy has stayed resilient and could dodge a long-feared recession. But attention is still focused on the Fed — as it tries to temper economic growth without tipping the U.S. into a recession in the new year. Read more |
Woman in Kentucky abortion lawsuit learns embryo has no heartbeat | A pregnant woman in Kentucky who is challenging state officials over the right to have an abortion has learned that her embryo no longer has cardiac activity. Her attorneys did not immediately comment on what her new condition means for the class-action lawsuit, which the woman filed on behalf of herself and any other person in Kentucky who is pregnant or will become pregnant and wants to get an abortion. The Kentucky lawsuit follows a similar case out of Texas, where a Dallas area mother carrying a fetus with a fatal condition had asked for a court to authorize an abortion. Read more |
Over 140 people displaced after building partially collapses in the Bronx | The right corner of a century-old apartment building in the Morris Heights neighborhood of the Bronx – made up of 47 residential units and six businesses – crumpled Monday afternoon. Two people received minor injuries while they were fleeing the building, but 141 people – 37 households – were displaced. In the last two years, the building has been the subject of 179 complaints, raging from heating issues to a collapsed ceiling, which was reported in November and was soon closed following an inspection by the New York City Department of Housing Preservation and Development. Read more | Firefighters continue to work the scene at a six-story corner of a Bronx apartment building that collapsed Monday, Dec. 11, 2023, in New York. Joe Frederick, AP |
Photo of the day: 'Eras' movie hits streaming on Taylor Swift's birthday |
Swifties got a special gift to celebrate Taylor Swift's 34th birthday: "Taylor Swift: The Eras Tour" has been released to streaming services for fans to enjoy at home. The blockbuster, which is nominated for a Golden Globe, includes three bonus songs: "Wildest Dreams," "The Archer" and "Long Live." Read more | Fans rush inside the theater at the opening night theatrical release of "Taylor Swift: The Eras Tour" concert movie at Regal Webster Place on October 13, 2023 in Chicago, Illinois. Natasha Moustache, Getty Images |
Associated Press contributed reporting. | | All of the headlines, none of the chaos. | Learn daily with The Excerpt,
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