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CNN CNN Newsroom Live June 4, 2024 07:37:00

Much the student loan forgiveness program is going to cost? according to the early estimate, that comes out to around $24 billion a year. which is less than some other estimates that we have seen, including an updated and wharton estimate which said that it could cost upwards of $1 trillion over 10 years. when we asked the white house about the discrepancy about the two estimates, they said they are certain this is not in the ballpark of how much their plan is going to cost. that is in part because their model is based on 75% of eligible borrowers taking advantage of their new program. the white house also said that they are obviously wanting as medical as possible to take advantage of this program, but the president himself sang, even if a fraction of people who are eligible to have the loans forgiven as a part of this program, he would be happy with the outcome. ....

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Partha Majumder forms band 'Freeway' with talented musicians

Eminent musician Partha Majumder has formed his own band, “Freeway” with some talented musicians of the country. He shared this news through a Facebook post, which featured his band line-up. ....

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CNN The Lead With Jake Tapper June 4, 2024 20:06:00

Enough and that they re worried it s going to depress voter turnout in the midterms. for the most part, democrats realize this is another campaign promise that biden delivered on. they say this is a victory in a string of recent legislative wins and even chuck schumer and elizabeth warren put out a joint statement saying this is going to be a giant step forward in addressing the student loan crisis. thank you so much. let s bring in white house senior adviser for public engagement, keisha lance bottoms, the former mayor. let me start with the fact that wharton estimates that this plan is going to cost somewhere between $300 billion and $980 billion over ten years. what is the actual number, do you think, and how does this get paid for? well, what we know is that the president has done a very in depth analysis in looking at whether or not the country can afford to give this relief to borrowers across this country. and what we know is that nearly ....

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CNN The Lead With Jake Tapper June 4, 2024 20:09:00

The $10,000 in relief that there are many people who will have their student loans completely wiped out. that is huge. that is significant for families across this country, and i know that the president has been very deliberate in making this decision and making sure that this is not something that will be a burden to taxpayers across america, but this is something that will benefit students and families across this country. but because there isn t a mechanism to pay for it, wharton, i think, estimates this is going to cost every taxpayer $2,000, and i think one of the criticisms from congressman tim ryan, the democrat who is running for senate there, is that ultimately, this is going to mean that some people who make under $100,000 a year are going to be paying off the loans of people who make six figures because the ceiling for this is $125,000 for an individual, ....

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Tomlinson: Hurricane Harvey gave us too much water; five years later, the problem is not enough

Hurricane Harvey taught us about unimaginable rain, but we must also prepare for. ....

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