Latest news with #EducationDept
CNBC
27-05-2025
- Business
- CNBC
Court order challenges Trump's plan to move federal student loans to Small Business Administration
A federal judge's recent order may foil President Donald Trump's plans to transfer the country's more than $1.6 trillion student loan portfolio from the U.S. Department of Education to the Small Business Administration. U.S. District Judge Myong J. Joun wrote in his May 22 preliminary injunction that the Trump administration was required to reinstate over 1,300 Education Dept. employees and was blocked from carrying out Trump's directive "to transfer management of federal student loans and special education functions out of the Department." In other words, federal student loans will stay with the Department of Education, for now. Trump had announced on March 21 a plan to transfer over 40 million student loan accounts to the SBA. "They're all set for it," the president said of the SBA at the time. "They're waiting for it." More from Personal Finance:House Republican bill calls for bigger child tax creditStudent loan borrowers in default may see 15% of Social Security benefit garnishedHow college savers can manage 529 plans in a turbulent market Madi Biedermann, deputy assistant secretary for communications at the Education Department, slammed the judge's decision. "Once again, a far-left Judge has dramatically overstepped his authority, based on a complaint from biased plaintiffs, and issued an injunction against the obviously lawful efforts to make the Department of Education more efficient and functional for the American people," Biedermann wrote in a statement to CNBC on Thursday. The Trump administration requested the order be stayed pending an appeal of the decision. The development that student loans will remain in the Education Dept. for now is good news for borrowers, said Sarah Sattelmeyer, a project director at New America and senior advisor under the Biden administration. "Instead of increasing efficiency, the movement of the Department's core functions would have increased confusion and decreased the effectiveness of programs that students depend on to access education," Sattelmeyer said. Consumer advocates are worried that a mass transfer of accounts between federal agencies could trigger errors, or compromise federal student loan borrowers' privacy. Those problems have occurred during much smaller transfers between loan servicers. Advocates also raise concerns about how a change in agency might affect borrower protections and programs such as Public Service Loan Forgiveness. The Small Business Administration has no experience relevant to the management of federal student loans, said higher education expert Mark Kantrowitz. It would ultimately require an act of Congress to move the loan portfolio to the SBA, Kantrowitz said. The Higher Education Act of 1965 spells out that that the Education Department's Federal Student Aid office is responsible for the debt, he said. Adding to advocates' criticism over Trump's proposed transfer was his administration's announcement in March that the SBA's workforce would be reduced by 43% — leaving fewer people to manage this new responsibility.
CNN
05-05-2025
- Politics
- CNN
Education Dept. resumes collecting student loans in default
Education Dept. resumes collecting student loans in default The Department of Education will start sending federal student loans in default to collections again, ending a pandemic-era pause that began roughly five years ago. CNN's Sunlen Saferty explains what you need to know. 01:42 - Source: CNN Vertical Top News 16 videos Education Dept. resumes collecting student loans in default The Department of Education will start sending federal student loans in default to collections again, ending a pandemic-era pause that began roughly five years ago. CNN's Sunlen Saferty explains what you need to know. 01:42 - Source: CNN Trump posts AI-generated image of himself as the pope days before conclave vote President Donald Trump posted an AI-generated image of himself as the pope prompting swift backlash just days before the conclave is set to elect Pope Francis' successor. The Vatican has declined to comment on the matter. 01:00 - Source: CNN US stock market's rollercoaster ride since Trump took office President Donald Trump's first 100 days coincided with the stock market's third-worst start to any presidency in US history, only behind Richard Nixon and Gerald Ford. Yet by the 100-day mark of Trump's presidency, Wall Street has been shaken by historic levels of uncertainty and volatility. 00:51 - Source: CNN Rare volcanic eruption not seen in nearly 40 years Hawaii's Kilauea Volcano could be seen hurling lava upwards of 300 feet into the air during a series of 'rapid rebounds,' which scientists say hasn't been seen in nearly 40 years. 00:33 - Source: CNN Walmart shopper charged with attempted kidnapping Mahendra Patel walked into a Walmart in Acworth, Georgia looking for Tylenol but was later charged with trying to kidnap a two-year-old boy. Surveillance video obtained by the man's lawyer shows the incident. 01:11 - Source: CNN CNN anchors make Kentucky Derby predictions Every jockey, every owner and every trainer wants the chance to win the Kentucky Derby but only one of this year's 19 horses will do it. The bookies' favorite for this year's race is Journalism, trained by Michael McCarthy, at 3-1. No surprise, that name came up a lot when CNN anchors were asked whose got their pick. 00:57 - Source: CNN SpaceX's Starbase seeks Texas city status Starbase is an emerging community in Texas where SpaceX has long conducted its launches. On the brink of becoming an official city, CNN's Ed Lavandera examines how this transformation raises questions about Elon Musk's expanding influence and its implications for the local community and economy. 01:09 - Source: CNN CNN sports anchor explains how to bet on the Kentucky Derby Dubbed the 'Greatest Two Minutes in Sports' – a nod to its approximate run time – the Derby is the first race in US horse racing's coveted Triple Crown, which also includes the Preakness Stakes and the Belmont Stakes. 01:20 - Source: CNN Prince Harry: 'I would love reconciliation with my family' In an explosive interview with the BBC, Prince Harry says his father, King Charles, no longer speaks to him, and that he would 'love reconciliation' with the royal family. He spoke the same day he lost a court case over the UK government's decision to strip him of his police protection. CNN's Max Foster explains. 01:12 - Source: CNN How rich is the Ivy League? The Trump Administration has frozen billions of dollars in federal funding to Ivy League schools. These same institutions have endowments bigger than the GDPs of some small countries. So why do these universities need money from the federal government and what's at stake if they lose it? 02:49 - Source: CNN Worldwide protests on May Day Thousands of people across the country and around the world are demonstrating in the streets to celebrate May Day for various political reasons. Video shows protests turn violent in Paris. 01:03 - Source: CNN Will Ford raise prices due to Trump's tariffs? President Donald Trump signed an executive order and proclamation to ease auto tariffs, but the 25 percent tariff on imported cars remains in place and a new 25% tariff on auto parts will go into effect soon. CNN's Erin Burnett speaks with Ford CEO Jim Farley about how Trump's tariffs could impact vehicle pricing. 00:42 - Source: CNN High schoolers potentially facing kidnapping charges after hazing incident At least 11 high school students in Syracuse, New York, have 48 hours to turn themselves in or face felony charges of kidnapping for their alleged involvement in victimizing at least five younger lacrosse players in an incident the district attorney says 'goes way beyond hazing.' 01:25 - Source: CNN 'Where's my camera?': Astronaut shares wondrous views from space NASA astronaut Don Pettit describes his love for photography and the images he took in his first press conference since returning from his fourth mission to space. 00:48 - Source: CNN LA port director says it faces steep drop in shipping Port of Los Angeles Executive Director Gene Seroka shares that the port expects a steep drop in shipping amid President Donald Trump's tariffs. 00:55 - Source: CNN Is the EU-US relationship on the rocks? In just over 100 days, President Trump has caused waves in the transatlantic relationship, one of the world's most consequential alliances. EU chief Ursula von der Leyen said recently that the 'West as we know it no longer exists.' CNN's Niamh Kennedy reports. 01:51 - Source: CNN
CNN
05-05-2025
- Politics
- CNN
Education Dept. resumes collecting student loans in default
Education Dept. resumes collecting student loans in default The Department of Education will start sending federal student loans in default to collections again, ending a pandemic-era pause that began roughly five years ago. CNN's Sunlen Saferty explains what you need to know. 01:42 - Source: CNN Vertical Top News 16 videos Education Dept. resumes collecting student loans in default The Department of Education will start sending federal student loans in default to collections again, ending a pandemic-era pause that began roughly five years ago. CNN's Sunlen Saferty explains what you need to know. 01:42 - Source: CNN Trump posts AI-generated image of himself as the pope days before conclave vote President Donald Trump posted an AI-generated image of himself as the pope prompting swift backlash just days before the conclave is set to elect Pope Francis' successor. The Vatican has declined to comment on the matter. 01:00 - Source: CNN US stock market's rollercoaster ride since Trump took office President Donald Trump's first 100 days coincided with the stock market's third-worst start to any presidency in US history, only behind Richard Nixon and Gerald Ford. Yet by the 100-day mark of Trump's presidency, Wall Street has been shaken by historic levels of uncertainty and volatility. 00:51 - Source: CNN Rare volcanic eruption not seen in nearly 40 years Hawaii's Kilauea Volcano could be seen hurling lava upwards of 300 feet into the air during a series of 'rapid rebounds,' which scientists say hasn't been seen in nearly 40 years. 00:33 - Source: CNN Walmart shopper charged with attempted kidnapping Mahendra Patel walked into a Walmart in Acworth, Georgia looking for Tylenol but was later charged with trying to kidnap a two-year-old boy. Surveillance video obtained by the man's lawyer shows the incident. 01:11 - Source: CNN CNN anchors make Kentucky Derby predictions Every jockey, every owner and every trainer wants the chance to win the Kentucky Derby but only one of this year's 19 horses will do it. The bookies' favorite for this year's race is Journalism, trained by Michael McCarthy, at 3-1. No surprise, that name came up a lot when CNN anchors were asked whose got their pick. 00:57 - Source: CNN SpaceX's Starbase seeks Texas city status Starbase is an emerging community in Texas where SpaceX has long conducted its launches. On the brink of becoming an official city, CNN's Ed Lavandera examines how this transformation raises questions about Elon Musk's expanding influence and its implications for the local community and economy. 01:09 - Source: CNN CNN sports anchor explains how to bet on the Kentucky Derby Dubbed the 'Greatest Two Minutes in Sports' – a nod to its approximate run time – the Derby is the first race in US horse racing's coveted Triple Crown, which also includes the Preakness Stakes and the Belmont Stakes. 01:20 - Source: CNN Prince Harry: 'I would love reconciliation with my family' In an explosive interview with the BBC, Prince Harry says his father, King Charles, no longer speaks to him, and that he would 'love reconciliation' with the royal family. He spoke the same day he lost a court case over the UK government's decision to strip him of his police protection. CNN's Max Foster explains. 01:12 - Source: CNN How rich is the Ivy League? The Trump Administration has frozen billions of dollars in federal funding to Ivy League schools. These same institutions have endowments bigger than the GDPs of some small countries. So why do these universities need money from the federal government and what's at stake if they lose it? 02:49 - Source: CNN Worldwide protests on May Day Thousands of people across the country and around the world are demonstrating in the streets to celebrate May Day for various political reasons. Video shows protests turn violent in Paris. 01:03 - Source: CNN Will Ford raise prices due to Trump's tariffs? President Donald Trump signed an executive order and proclamation to ease auto tariffs, but the 25 percent tariff on imported cars remains in place and a new 25% tariff on auto parts will go into effect soon. CNN's Erin Burnett speaks with Ford CEO Jim Farley about how Trump's tariffs could impact vehicle pricing. 00:42 - Source: CNN High schoolers potentially facing kidnapping charges after hazing incident At least 11 high school students in Syracuse, New York, have 48 hours to turn themselves in or face felony charges of kidnapping for their alleged involvement in victimizing at least five younger lacrosse players in an incident the district attorney says 'goes way beyond hazing.' 01:25 - Source: CNN 'Where's my camera?': Astronaut shares wondrous views from space NASA astronaut Don Pettit describes his love for photography and the images he took in his first press conference since returning from his fourth mission to space. 00:48 - Source: CNN LA port director says it faces steep drop in shipping Port of Los Angeles Executive Director Gene Seroka shares that the port expects a steep drop in shipping amid President Donald Trump's tariffs. 00:55 - Source: CNN Is the EU-US relationship on the rocks? In just over 100 days, President Trump has caused waves in the transatlantic relationship, one of the world's most consequential alliances. EU chief Ursula von der Leyen said recently that the 'West as we know it no longer exists.' CNN's Niamh Kennedy reports. 01:51 - Source: CNN
Yahoo
22-04-2025
- Business
- Yahoo
State of War: How Trump is fighting a 9-front battle
President Trump is fighting a war with many battlefields. It's a nine-front crusade, although I could easily double that number. If there's a common thread here, it's the president taking on elite institutions that he has long resented or reviled. That's why his first three months seem stuck on hyperspeed – critics would say chaos – because he's broken with the traditional model of tackling one or two issues at a time. Voters gave him a second term to shake things up. It's the first Trump term on steroids. Education Dept. To Resume Collections On Defaulted Federal Student Loans For First Time Since 2020 The president is surrounded by loyalists who encourage his flood-the-zone approach, unlike some of the more traditional figures (Rex Tillerson, Jim Mattis, Gary Cohn) who tried to restrain him the last time he lived in the White House. Read On The Fox News App One advantage is that he uses Truth Social as a weapon, unloading on those who displease him. And yet he still finds time to abolish rules limiting shower pressure, call for the abolition of pennies, and come out against changing clocks (though his stance on daylight savings is unclear) – all matters that affect people's daily lives. Here, in no particular order, are Donald Trump's nine battlegrounds: 1. TOP PRIVATE UNIVERSITIES Although Trump himself went to the Wharton School, he is constantly attacking Columbia and other top Ivy colleges. Harvard, where he has frozen more than $2 billion in federal funding and another $7 billion is at risk, is fighting back. Plus, the IRS is looking at revoking the university's tax-exempt status. The White House now admits that the letter a Trump official transmitted to Harvard was "unauthorized" and should not have been sent. Harvard officials were stunned because they thought they were in the process of negotiating a settlement with the administration. 2. LAW FIRMS One giant law firm after another, under pressure from Trump, has caved and reached settlements with the White House. This involves agreeing to provide up to $100 million or even $125 million in pro bono services on matters important to the administration. The alternative is an executive order pulling its members' security clearances, making it impossible to serve their corporate clients without access to secret data. A few firms have fought back, and some attorneys have resigned in protest, but most are volunteering to settle. 3. MEDIA President Trump has sued CBS, NBC and Gannett. He won a $16-million lawsuit against ABC–approved by Disney–after George Stephanopoulos repeatedly called him a rapist when he was actually held liable for sexual abuse. Even if the suits go nowhere, journalists and news outlets have to hire lawyers and go through an ordeal. Mark Zuckerberg On The Stand: 'Crazy,' 'Scary' Ideas Led Him To Buy Instagram And Whatsapp Trump has long used the press as a foil, but now he ridicules the likes of CNN's Kaitlan Collins when she tries to ask questions. He refused to take a question from an NBC reporter, saying the network has no credibility. And yet Trump provides an absolutely stunning degree of access. He takes questions virtually every day and has taken over the press pool (with the AP still excluded). The coverage is overwhelmingly anti-Trump–sometimes that's self-inflicted–but that also boosts clicks and ratings. It's a love-hate relationship. 4. FEDERAL RESERVE The markets nose-dived again yesterday as Trump stepped up his personal assault on Fed Chairman Jerome Powell in an obvious attempt to pressure him into resigning. Powell's job is to worry about inflation, not to goose the economy because the president wants him to cut interest rates. The entire tariff war has spooked Wall Street and alienated such allies as Canada (the 51st State???), Mexico and the European Union. He repeatedly promised a tariff war during the campaign, but no one expected tariffs of this magnitude, even against China, which has retaliated. Now Trump says he'll even work out a deal with China. The 90-day pause briefly seemed to stabilize things, but whether the president can strike deals with 90 countries in 90 days remains to be seen. 5. COURTS Donald Trump has a long history of attacking judges and prosecutors. Now he is going up to the line, and perhaps crossing it, when it comes to challenging court rulings, even with a 6-3 conservative majority on the Supreme Court. The other day, the president deflected questions about the wrongful deportation of Kilmar Abrego Garcia, telling reporters to speak to the lawyers. The next day, he unloaded at length on Abrego Garcia, saying he's a violent man who deserves to be in prison and criticizing Chris Van Hollen's trip to visit him in a carefully staged photo op. Abrego Garcia may well be a gang member, but a previous court ruling had found he should not be sent to El Salvador. Politically, this is a winning issue for Trump. But when SCOTUS ruled 9-0 that he should "facilitate" Garcia's return, Trump pretty much ignored it. Trump Says He's 'Not Happy' With Fed Chief Jerome Powell In a separate case, the Supreme Court, 7-2, ordered Trump not to move a second wave of Venezuelan migrants from where they are being held. This time, the administration agreed to follow the ruling. 6. FORMER AIDES The president is going after two of his appointees from the first term. He has ordered an investigation of his former cybersecurity chief, Chris Krebs, for "falsely and baselessly" denying that the 2020 election was rigged. He called Krebs a "significant bad-faith actor who weaponized and abused his government authority," meaning Krebs found what every other probe, including one by Attorney General Bill Barr, found–no evidence of significant fraud. Trump also ordered a probe of Miles Taylor, better known as "Anonymous," for the New York Times op-ed he wrote ripping the president. Taylor, a former Homeland Security official, "wrote a book under the pseudonym 'Anonymous,' making outrageous claims both about your administration and about others in it," the president was told in a memo. So he too is under investigation. Trump even accused Taylor of committing "treason." 7. HILL REPUBLICANS The president has pressured members of his own party into going along with just about anything he wants. Other than the Matt Gaetz fiasco, that has meant approving all his nominees, despite doubts about the likes of Pete Hegseth and RFK Jr. He has openly warned that he will use Elon Musk's money to launch primary opponents against those who defy him. Musk has been a heat shield for Trump, though he has broken with him on tariffs. Remember that Musk poured money into that Wisconsin Supreme Court battle and lost. The chainsaw looks very different now. While the violent attacks against Tesla have been despicable, Musk has also had to admit, after vowing to cut $1 trillion, that he'll only be able to save $150 billion. Musk also admitted firing and having to rehire bird flu experts and nuclear bomb specialists, but remains the world's richest man. Lisa Murkowski just came out and said it: They are all afraid to criticize Trump for fear of political retaliation. 8. KENNEDY CENTER It's never been done, but the president fired all the Democratic board members and named himself chairman. He's even suggested that he should host the annual awards given out for the glittering building on the Potomac named for JFK – not because he needs the attention, he says, but because it would be good for ratings. The board has always been bipartisan, but that doesn't bother Trump. Some performers, led by Lin-Manuel Miranda of "Hamilton" fame, have already pulled out. Will only conservative performers get the green light? I've picked the Kennedy Center as an example of Trump's culture wars, but he's also taken aim at the Smithsonian Institution and the National Zoo. 9. VOLODYMYR ZELENSKYY The president, with help from JD Vance, utterly humiliated the Ukrainian president during that meltdown meeting at the White House. Now Zelenskyy bears a good bit of responsibility for the clash – he should have kept his mouth shut and walked away with an agreement, but took the bait. Trump went a step further, kicking him out of the White House and sending him home. Now Trump, through Marco Rubio, says he may give up on negotiating a cease-fire in Ukraine. That's exactly what Vladimir Putin wants, so he can keep on seizing land from the brave Ukrainians. One thing that Trump said he would do, but hasn't done, is pressure his pal Putin. He still blames Zelenskyy and Ukraine for having the temerity to be invaded by the Kremlin. That's the list. Feel free to create your own. Sometimes it works for Donald Trump, sometimes it doesn't. But it helps explain the dizzying pace of change and sends an unmistakable message that he is in article source: State of War: How Trump is fighting a 9-front battle
Yahoo
04-04-2025
- Politics
- Yahoo
'Radical' federal judges 'will soon learn' consequences of bucking Trump's orders: official
The Trump administration said that "radical judges" will "soon learn that denying" President Donald Trump his "constitutionally granted authorities is a gross infringement of the law and will not stand on appeal" after a Bush-appointed judge blocked the administration from firing intelligence agency employees tied to DEI programs. U.S. District Judge Anthony Trenga, a President George W. Bush appointee in Virginia, issued the preliminary injunction on Monday ahead of a 5 p.m. deadline issued by CIA Director John Ratcliffe for the agents to resign or be fired, allowing them to appeal and stay on the federal payroll. The injunction was part of a lawsuit filed by more than a dozen intelligence agents from the CIA and the Office of the Director of National Intelligence who were found to be involved in, or working on, DEI programs in the department. Trump Doj, Education Dept Form Task Force To Protect Female Athletes From 'Gender Ideology' In Schools, Sports "The plaintiffs face termination without any suggestion of wrongdoing or poor performance," Trenga said after the ruling, according to Politico. "Simply requiring the government to follow its regulations is a minimal burden." The employees, who were abruptly placed on administrative leave in January, were facing termination as part of the Trump administration's effort, supported by Elon Musk, to eliminate DEI-related programs and initiate a large-scale government overhaul. Musk also visited the CIA headquarters on Tuesday to discuss his government efficiency program. Read On The Fox News App "These radical judges will soon learn that denying the Chief Executive his constitutionally granted authorities is a gross infringement of the law and will not stand on appeal," Trump administration spokesperson Harrison Fields told Fox News Digital. Concerned Parents Of Trans Kids Compared To 'Hate Groups' By Colorado Dem: Wouldn't 'Ask The Kkk' For Opinion "Ending the bigotry of DEI and ensuring the federal government runs efficiently might be a crime to Democrats, but it's in line with the law," he said. The 19 employees, who are unnamed, contended in their lawsuit last month that their roles in the DEI programs were "temporary assignments" and that they also had other responsibilities as intelligence officers. The lawsuit also states that "poor performance" wasn't a factor in their dismissal. The "imminent termination is therefore arbitrary, capricious, an abuse of discretion," the lawsuit charges. Ban On Taxpayer-funded Sex Changes For Prisoners Sparks Dem Walkout In Georgia House Vote Trenga's written order also said the Trump administration must consider employees' "request for reassignment for open or available positions, in accordance with their qualifications and skills." The administration can still fire the employees but first has to present a "report" on the employees' appeals or reassignments to the judge. This injunction adds to a stack of injunctions and temporary restraining orders placed on several of President Donald Trump's executive orders. Trump issued an executive order last month penalizing law firm Perkins Coie for its representation of Hillary Clinton and its DEI policies by targeting the firm's government contracts and limiting access to federal facilities. Over 300 law professors and legal groups, including the ACLU and Cato Institute, filed briefs supporting Perkins Coie. In February, a federal judge issued a preliminary injunction blocking key provisions of President Trump's executive orders aimed at banning DEI programs on university campuses. Colorado Attorney General Phil Weiser lobbed at least 13 lawsuits against Trump administration policies related to DEI, including the Health and Human Services' (HHS) termination of public health grants, and moves to defund the Consumer Financial Protection article source: 'Radical' federal judges 'will soon learn' consequences of bucking Trump's orders: official
