Greg Gutfeld tells Dem centrists, ‘enjoy your shrinking group chat, because real women have left the conversation'
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Black America Web
36 minutes ago
- Black America Web
Student Loan Collections Result In Credit Scores Plummeting For Millions In Americans
Source: ariya j / Getty While most folks hip to the game understand President Trump won a second nonconsecutive term largely due to the rampant misogynoir ingrained in American society, white folks will swear with their whole chest they elected a failed businessman because they believed he would fix the economy. So far, he's done a bang-up job by laying off thousands of federal workers, implementing an erratic tariff policy, and now his approach to student loan repayments has resulted in credit scores plummeting for millions of Americans. AP reports that the Trump administration has begun referring unpaid student loans to debt collection firms after 90 days of non-payment. The Federal Reserve Bank of New York has said that 2.2 million student loan recipients saw their credit score drop by at least 100 points, and another 1 million saw their scores drop by over 150 points as a result. That is not an insignificant figure, as that could be the difference between getting approved for an apartment and having to live at home. The bank also reported that 1 in 4 people with student loans were 90 days behind or more on their student loan payments. As someone who's still paying off the last of their student loans, I can tell you firsthand that the messaging around repayments has been inconsistent at best post-pandemic. The Biden administration tried to forgive up to $10,000 in loans for people who earned under six figures, but because the GOP refuses to let working-class Americans have nice things, they filed a lawsuit against the plan. The Supreme Court ruled 6-3 that the Department of Education didn't have the authority to forgive the loans. While repayments restarted in 2023, the Biden administration implemented a one-year grace period. The former administration also launched the SAVE plan, which tied payment amounts to the loan recipient's income. Whereas the Biden administration took a thoughtful, worker-centric approach to student loan repayments, the Trump administration has taken more of a Stewie Griffin approach to the issue. Earlier this year, the Trump administration announced it would garnish wages from those delinquent on their student loans. Last month, five million people were sent a notice informing them that their wages and social security checks would be garnished to pay back their student loans. Clearly, they didn't think that was punishment enough for people who made the egregious mistake of trying to get an education. In addition to garnishing wages on those who fell behind on their student loans, the cost of payments has skyrocketed for millions of student loan recipients after a federal judge put a block on the SAVE plan. Layoffs at the Department of Education have made it harder for student loan recipients to get in contact with anyone who can provide them with more information or guidance on how to make repayments. It's increasingly clear that the Trump administration is fueling its tax cuts for the rich by punishing the poor and working class. But please, tell me again how the Trump vote is fueled by economic anxiety. SEE ALSO: Education Department To Garnish Wages On Student Loan Debt Trump To Garnish Defaulted Student Loan Borrowers' Wages This Summer SEE ALSO Student Loan Collections Result In Credit Scores Plummeting For Millions In Americans was originally published on Black America Web Featured Video CLOSE
Black America Web
36 minutes ago
- Black America Web
Celebrating Juneteenth Amid Resurging Fascism 160 Years Later
Source: MARK FELIX / Getty Juneteenth offers a time of celebration and reflection as we consider what it means to be free amid resurgent fascism in America. While the current political moment may feel unprecedented to some people, 160 years after the Black people in Galveston, Texas, learned of emancipation, Black Americans are still fighting for freedom, liberation, and self-determination. This year's Juneteenth celebrations take place against the backdrop of a federal government covered in fascism and hostile toward these core tenets of a free society. Despite the persisting attacks on multiple fronts, Black organizers and communities see opportunity in celebrating this moment as we continue to push onward. Brianna Brown, co-director of the Texas Organizing Project (TOP), noted that Juneteenth serves as a poignant reminder of Black resistance and resilience. 'Celebrating freedom 160 years after General Order No. 3 signifies our commitment to a legacy of resistance and vision,' Brown said. 'It reminds us that liberation didn't arrive solely because Union soldiers came to Galveston. It came because enslaved Black people never stopped dreaming, resisting, and moving toward freedom.' Brown said that Juneteenth offers an opportunity for Black Americans to write a new chapter, even as we combat re-emerging forms of white supremacy, such as book bans, state violence, voter suppression, and anti-Black curriculum, to name a few. Akinyele Umoja, an African American Studies professor at Georgia State, echoed Brown's sentiment about the importance of recognizing the role enslaved Black people played in their emancipation. Umoja pointed to what W.E.B. Dubois called the general strike of enslaved Black people, which in part led to emancipation. 'I understand and appreciate folks in Texas really embracing it as emancipation or Jubilee day, because I do think that was an important mark for our people coming out of chattel slavery,' Umoja said. 'Particularly recognizing in the role that our ancestors played in that, whether it was what Dubois called the great general strike when Black people refused to work or escape after the Emancipation Proclamation over the Union line.' Reflecting on the legacy of Juneteenth and independence, he noted the small community in Mexico that has celebrated Juneteenth since the news spread 160 years ago. Source: The Washington Post / Getty 'I found out a few years ago that some Juneteenth is celebrated in Mexico amongst descendants of Black Seminoles who escaped over into Mexico to escape enslavement once Texas became a white settler state,' he said. 'So, it gave me even more significance. I see it as an important mark of that struggle that our ancestors had.' During the interview, Umoja drew a throughline from settler colonialism, slavery, and apartheid in the United States as a part of the foundation of American fascism to the current attacks on justice and equity by the Trump administration and broader MAGA movement. For Umoja, commemorating Juneteenth—and the critical struggle of our ancestors and compounding harms over the 160 years post-end of American chattel slavery—offers another opportunity to discuss reparations and restitution for generational harm endured by Black Americans who are descendants of enslaved people in North America. 'For us now, what's important is for us to have a free discussion in our community about what freedom is, what liberation is,' he said. 'It might be tied to questions like, what type of health care we receive, and the economic system we want to have? What does education look like? What does the curriculum look like? All of these different questions should come up in our community. We should have the right to have those discussions free of interference from folks who are descendants of people who benefited from our enslavement, the captivity, and people who might have benefited from us being segregated and isolated.' The extractive violence and terror currently being inflicted by the Trump administration are in some ways reminiscent of the generational terror Black people endured before and after emancipation. Hooded individuals, deputized by the law, snatch people away from their loved ones with little to no recourse, no trial, and no due process. Understanding the connection of our struggle with the broader threat posed by the resurgent project of American fascism also demands that we embrace intentional solidarity. TOP's work in organizing and building power for Black and Latino Texans demonstrates the interconnection of liberation. Brown described solidarity as a practice that requires courage and commitment—a necessity for communities impacted by systemic oppression to survive, thrive, and ultimately win. 'The solidarity we build isn't about feel-good moments,' she said. 'It's forged in the trenches of struggle, through strategic collaboration, and in the understanding that our liberation is interconnected. We name anti-Blackness and anti-Latino racism.' Source: Kayla Oaddams / Getty As Brown notes, solidarity doesn't require grinning and being silent. Organizations like TOP recognize that multiple issues often affect our communities at the same time. Survival and self-determination require a focus on creating a world that is not only suitable for ourselves but also for our friends, neighbors, and the broader community. 'We balance it by refusing to treat our lives like policy silos,' Brown said. 'At TOP, we understand our people don't wake up saying, 'Today I care about democracy. Tomorrow, maybe healthcare.' Our folks live lives that are profoundly connected and intersectional. That's why we fight with both people power and political power on issues that put food on the table and protect our right to shape the future.' The emancipation of formerly enslaved Black people 160 years ago set the stage for generations of discourse about how we collectively challenge fascism and tyranny in any form. But all the collective proclamations and orders issued during and after the Civil War, as well as the Reconstruction era amendments, failed to secure our place in this country. And yet, as we witness the chaos and cruelty of the current administration—from targeted ICE actions on communities to the planned robbery of our social safety net to enrich the broligarchy—some wonder whether this is a time for Black people just to fall back and let others handle the fight. But American fascism and state violence have never let us live in peace. To quote the late organizer and movement steward Ella Baker, 'we who believe in freedom cannot rest until it comes.' Freedom and liberation require more than words, orders, and proclamations. Each moment of joy and success has required a sustained endurance and committed resistance that refused to accept the white supremacist status quo. 'Joy is both our inheritance and our fuel,' Brown said. 'Systems of oppression try to make us small, exhausted, and forgetful of our worth. Joy reminds us that we are worthy of more. It tells us we belong. Joy shows us that freedom isn't just about tearing down walls, it's also about building lives filled with dignity.' SEE ALSO: Survivors Remember Emanuel AME Church Massacre Victims On 10th Anniversary Kendrick Sampson's BLD PWR Teams Up With SisterSong And GBEF For Houston Juneteenth Event SEE ALSO Celebrating Juneteenth Amid Resurging Fascism 160 Years Later was originally published on
Yahoo
36 minutes ago
- Yahoo
Cuts to Fed Staff Pay, CFPB Funds Blocked from Trump Tax Bill
(Bloomberg) -- The Senate rules-keeper has decided that Republicans can't use President Donald Trump's multi-trillion dollar tax bill to strip all funding from the Consumer Financial Protection Bureau and to cut salaries for many Federal Reserve employees. Security Concerns Hit Some of the World's 'Most Livable Cities' One Architect's Quest to Save Mumbai's Heritage From Disappearing JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown The parliamentarian ruled that the GOP-backed policy provisions are outside the scope of the fast-track budget process Republicans are using to push Trump's legislative agenda through without any Democratic backing, Senate Democrats said. Republicans didn't respond to a request for comment. The budget process, which is immune to a filibuster, can be used for legislation primarily aimed at revenue and spending, not for making other changes to public policy. Senate Republicans are planning to begin voting on their version of the $3 trillion tax and spending cut bill next week. The GOP bill would have eliminated CFPB's funding and it would have saved $1.4 billion by cutting non-monetary policy employee pay at the Fed to match levels at the Treasury Department. The rules-keeper also rejected provisions eliminating the Public Company Accounting Oversight Board and the Environmental Protection Agency air-pollution emissions standards for vehicles. The ruling on the CFPB is the latest blow to the Trump administration's attempt to gut the agency, which has been the subject of court fights. Democrats plan to challenge dozens of other provisions as violating Senate rules. These include sections curtailing regulations on short-barrel shotguns and silencers as well as applying financial pressure to states to stop them from regulating artificial intelligence. 'We will continue examining every provision in this Great Betrayal of a bill and will scrutinize it to the furthest extent,' the Senate Budget Committee's top Democrat, Jeff Merkley of Oregon, said in a statement. Senate Majority Leader John Thune told reporters this month that he would oppose efforts to overrule the Senate parliamentarian. When the GOP is in the minority, Thune has argued, the 60-vote threshold for such bills is a vital tool. More decisions from the Senate rules-keeper are expected in the coming days. Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? The US Has More Copper Than China But No Way to Refine All of It Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
