Since 2005, student borrowers have been unable to discharge their private student loans through the process of bankruptcy. But that could soon change after a group of 12 senators introduced a bill aimed at addressing the current student debt crisis by restoring the bankruptcy code to hold private student loans in the same regard as other private unsecured debts. [More]
Senators Chastise Govt. For Making Money Off Struggling Student Loan Borrowers, Not Offering Enough Relief
For several years now the government has offered federal student loan forgiveness programs aimed at helping borrowers to avoid defaulting on their debts. While recent reports have shown that the popularity of the programs has exceeded expectations, a group of six senators say the Department of Education could do more given the billions of dollars in payments it receives from federal loans each year. [More]
Yesterday, four U.S. Senators sent a letter to FCC acting chairman Michael Copps requesting an investigation into whether exclusivity deals between handset makers and national carriers are ultimately good for consumers, and they plan to hold a hearing on the issue on Wednesday, June 16th. They join a growing number of people and organizations, including the Rural Cellular Association (RCA), who say exclusivity deals benefit no one but the carriers and manufacturers.
Following up on the multiple Obama nominees who’ve had tax troubles, Politico asked the 99 members of the Senate whether they’ve ever had mistakes on their tax returns or filed back taxes. Yes and yes.
No matter what you think of the Net Neutrality hub-bub — an insidious plot by clueless telecoms petulantly whining because their role on the web has been denigrated to that of mere pipes, or just the free-market at work — I think we can call agree that Senator Ted Stevens’ explanation of how the internet works stops just short of making it analogous to a stopped-up men’s room toilet: