On December 22, 2021, the White House announced the extension of the student loan relief plan until May 1, 2022. President Joe Biden stated that he would extend the relief period for an additional 90 days.

The Biden administration recently announced that it will not extend the federal student loan forbearance deadline, which is set to expire on January 31, 2022.

With the vaccine mandate in place, some unvaccinated individuals are being let go from their place of work. As a result, four states have passed bills that allow them to ease the restrictions for the unvaccinated when applying for unemployment benefits.

The current $3,600 Child Tax Credit payment will be expiring at the end of the year if Congress does not renew it. The tax credit could potentially return to $1,000 by 2025. If you wish to receive Child Tax Credit payments, you can apply one of two ways.

President Joe Biden is working with the Department of Justice to make amends with the families affected due to Trump’s zero-tolerance policy. To make amends, Biden is planning to financially compensate families who were separated at the border.

President Joe Biden recently announced that the government has canceled $11.5 billion in student loan debt. Currently, the outstanding student loan debt is $1.73 trillion, according to the Federal Reserve.

President Biden announced that the Build Back Better Plan would push $45 billion of their $3.5 trillion budget toward funding HBCUs. The funding was expected to go toward a plethora of issues and plans to rebuild HBCUs.

The federal government has been struggling to develop a solution to its public debt crisis. Unfortunately, the Republican and Democratic parties have opposing approaches about how to resolve this significant issue. However, if the government fails to bring about a resolution by around October 18, it could result in a major financial crisis for the United States of America.

One of the American Families Plan’s goals is to allow the IRS to monitor transactions of bankers over $600 to ensure that people are not lying about their taxable income.

With Hurricane Ida passing through the southeastern portion of the United States, it left a trail of wreckage behind it. AccuWeather is estimating the total costs associated with Hurricane Ida to be around $95 billion.

On August 1, 2021, the eviction moratorium expired, causing uncertainty for millions of households and tenants who had been protected from eviction processes under federal law during the COVID-19 pandemic.