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Students and borrowers waiting on President Joe Biden’s student loan forgiveness plan may soon breathe a sigh of relief. According to NBC News, the president’s plan can move forward after a judge ruled Wednesday, Oct. 2, 2024, for a temporary restraining order against it to expire. U.S. District Judge Randall Hall, in his order from the Southern District of Georgia, said Georgia lacked standing to challenge the plan because it did not demonstrate any “concrete” or “imminent” injury. “Without standing, the Court finds it proper to dismiss Georgia as a party to the suit for lack of subject matter jurisdiction and turns to Defendants’ arguments related to venue,” he wrote, per NBC. Hall also concurred with the federal government’s stance that the venue was improper, stating that a plaintiff without standing cannot create a venue where it wouldn’t otherwise exist. He determined that the “most equitable result” would be to transfer the case to a district with the proper venue,...
Two days ago, President Joe Biden rolled out a fact sheet on his proposed American Rescue Plan. Now, Black-owned businesses are waiting at the ready to see if, indeed, the new Democratic president will do better by them than his predecessor. In a statement posted to the White House’s official website, the Biden administration acknowledged that one in ten Black workers, and one in 11 LatinX workers, are unemployed as a result of the COVID-19 pandemic. To that end, then, his proposed American Rescue Plan will not only address this growing racial and economic disparity but will infuse additional money to the Black-owned businesses who were all but forgotten in the previous round of Small Business Administration (SBA) funding and Paycheck Protection Plan (PPP) loans. The comprehensive plan will also address other socio-economic issues created by the COVID-19 pandemic, including the growing hunger crisis, the increased assistance to veterans, and “equitable delivery” of additional...