The city is working with RIP Medical Debt, a nonprofit that buys medical debt in bulk from hospitals and debt collectors for pennies on the dollar. The group targets the debt of people with low incomes or financial hardships and then forgives the amounts. Under the program, the city will spend $18 million over three years.
The Biden administration has now canceled more than $136 billion in student debt for over 3.7 million Americans, according to the White House. Around $1.7 billion of this new aid will go to 29,700 borrowers enrolled in income-driven repayment plans. In addition, 43,900 borrowers who have worked in public service for a decade or more will receive $3.2 billion in loan cancellation.
Between 1980 and 2022, consumption poverty fell from 33.8% to 6.0% even though the official poverty rate indicated a drop by only 1.5 percentage points over that same period. According to researchers from the University of Notre Dame, consumption, which measures what families are able to purchase in terms of food, housing, transportation, and other goods and services, offers a better indicator of economic well-being than income, which can fluctuate for reasons unrelated to well-being.
With the opening of a new micro-community in northeast Denver, Mayor Mike Johnston estimated over 1,100 hundred people will have been housed before the end of 2023. “As of yesterday, this city succeeded, in under six months, in moving more than 1,000 people off of the streets and into housing,” he said.
The Biden administration has now cancelled an unprecedented $130 billion in student debt for more than 3.6 million Americans, offering much-needed relief to low-income families across the country.
This funding will also support thousands of local clean energy jobs, help achieve President Biden’s goal of lowering energy costs for all Americans, as well as help Puerto Rico achieve its goal of 100% renewable energy by 2050. The first installations are slated to begin in Spring 2024.
Biden’s plans to cancel up to $400 billion in student debt for tens of millions of Americans were foiled by the Supreme Court. Still, Biden has managed to erase $127 billion in student debt so far for more than 3.5 million borrowers — more than any other president in history.
A White House official said that the new discharges bring the total approved debt cancellation to $127 billion for nearly 3.6 million borrowers so far during Biden’s time in office.
The new vaccine developed by the International Vaccine Institute, Gotovax, and Valneva Sweden is low-cost, lasts longer than alternatives, and is easier and cheaper to deliver around the globe. Cholera kills more than 100,000 people worldwide every year.
Community-based recycling organizations, which handpick litter, quadrupled in the last few years, now picking up 15% of all plastic waste generated in the country.
