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Here are three of the week s top pieces of financial insight, gathered from around the web:
Bankruptcy relief for student loans Lawmakers want to include student loans in their overhaul of the bankruptcy system, said Aarthi Swaminathan at
Yahoo. House Judiciary Committee Chairman Jerry Nadler (D-N.Y.) and Democratic Sen. Elizabeth Warren of Massachusetts last week introduced the Consumer Bankruptcy Reform Act of 2020, which would replace the current systems of Chapter 7 and Chapter 13 personal bankruptcies with one system, Chapter 10. Student loans would become eligible for discharge as part of the overhaul. Relief from student debt is difficult to obtain in court, and many borrowers aren t aware it s possible at all; lenders have routinely exploited that ignorance. Broader forgiveness has become a politic
Rep. Alexandria Ocasio-Cortez lost a race for a seat on the prestigious House Energy and Commerce Committee, as colleagues through a secret ballot voted overwhelmingly for fellow New York Democratic Rep. Kathleen Rice.
Politico reported Thursday that the two New York Democrats were forced to fight over a final seat on the committee, which oversees big policy areas like climate change and healthcare.
During a video call, moderate Democrats took on AOC prior to the vote, as she s called for new leadership in her party and gotten in a public feud with fellow Democrat, Sen. Joe Manchin.
Rep. Alexandria Ocasio-Cortez lost a race for a seat on the prestigious House Energy and Commerce Committee, when Democrats voted overwhelmingly for Rep. Kathleen Rice in a secret ballot
House Democrats to subpoena ex-White House lawyer Don McGahn again Print this article
House Judiciary Committee Chairman Jerry Nadler told a federal appeals court he plans to reissue a subpoena for testimony from former White House counsel Don McGahn, signaling that Democrats are prepared to take their legal battle related to special counsel Robert Mueller’s investigation into next year, when President-elect Joe Biden is set to take office.
“The Committee maintains a right to and need for McGahn’s testimony. The Committee, whose Chairman will not change in the next Congress, will reissue the subpoena, consistent with House Rules and precedent. This case will thus continue, and nothing about the end of this Congress will prevent this Court from resolving it,” Democratic lawyer Douglas Letter told the U.S. Court of Appeals for the District of Columbia in a 66-page brief filed Wednesday night, adding that “this Court has already held that the House has Article I authority
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