Page 27 - 39 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Officially on strike. tens of thousands of actors now joining thousands of riders on the picket line with the entertainment industry at a halt. where does this go? >> money for the military on the mind for capitol hill. political battles over abortion, trans right and diversity are standing in the way of getting a critical defense spending bill through congress. president joe biden's new move to wipeout $39 billion in student loan debt. how the administration is pulling this off after the supreme court put the brakes on their last effort. this is cnn news central. hollywood is effectively ...

Campaign message through these official events that he's been doing. so, this all speaks, jose, to the benefits of incumbency, the biden campaign feeling strong about this early test for their campaign. >> and mike, separately, the education department announced today it is forgiving $39 billion of student debt. >> reporter: yeah, that's right. this speaks to what will be certainly a major issue in the campaign, and when we think about the idea of debt forgiveness, of course, everyone thinks of what we just saw the supreme court strike down. the president's plan to forgive 10 or $20,000 of ind...

With student loans just got really, really big news. the biden administration just announced $39 billion worth of student debt wiped away under a new plan. the money affecting noorn 800,000 people at biden vows to find a new path following the supreme court setback. tom foreman joins me now. critically for people watching what do we know about this plan and who is eligible? >> reporter: everybody thought they might be helped, the court ruled no chance whatsoever. the biden administration has a new plan basically saying if the court's issue can't use pandemic rules, use old rules already used f...

Handled. nevertheless, you watch the immediate and, frankly, emotional response from congresswoman beatty as she said this can't stand in this congress. >> okay, ali vitali, thank you. i want to get to some news just in from the biden administration this morning, another effort at student loan forgiveness. the education department announcing it would automatically forgive $39 billion of student loan debt for 800,000 borrowers. the administration says it's addressing administrative issues and repayment plans, and it means borrowers remaining debt could be eliminated if they've been making pay...

Up to $39 billion in total forgiveness. this is one of many steps that the biden administration says they are making to try to deal with this significant issue of crushing student loan debt, that real limits an individual's ability to have mobility and employment, to start a family, to purchase a home and it is one that the administration says there will be additional steps to come. >> and, mike, those additional steps to come, we can know that as of right now that is something that people won't have to register and request, but rather will happen automatically? >> reporter: that's right. thos...