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President Donald Trump's estranged adviser Steve Bannon told a far-right gathering in France on Saturday that they should handle accusations of racism with pride."Let them call you racists," Bannon said to the French National Front Party. "Let them call you xenophobes. Let them call you nativists. Wear it as a badge of honor."Bannon told the National Front crowd that he had learned from traveling the world that "history is on our side" and that "the globalists have no answers to freedom."At a news conference following his speech, Bannon gave his explanation for the recent high-profile staff departures from the White House.In response to a question from CNN, Bannon said, "I think President Trump has been pretty straightforward in saying, hey, when we first started, some of these advisers are what he would call globalists, and he's clearly pivoting to more economic nationalism."Bannon added that the pivot was partly in order to prepare for the upcoming midterm elections."He's got to energize that base and turn that base out," he said.Bannon was himself a high-profile departure from the White House last August and was written off by Trump earlier this year, who named him "sloppy Steve," following the publication in January of incendiary comments attributed to him.Following the White House's disavowal of Bannon, the right-wing media company Breitbart News parted ways with Bannon, who has since emerged in the public eye on a few occasions.Last week, Bannon appeared in Rome to observe the elections and advocated for an alliance between the anti-immigrant League party and the populist Five Star Movement in Italy.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1737

President Donald Trump’s reelection campaign filed a petition with the U.S. Supreme Court asking the highest court in the country to step in and overturn several decisions the Pennsylvania Supreme Court made regarding the 2020 election.The cert petition and motion to expedite were filed Sunday and asks the U.S. Supreme Court to fast-track the case because of the upcoming January 6 date when Congress will receive the Electoral College results ahead of the inauguration on January 20. According to a statement on the Trump campaign website, they are asking for the U.S. Supreme Court to "order responses by December 23 and a reply by December 24." The court challenge doesn’t focus on allegations of voter fraud, like previous efforts by the campaign, instead it challenges three decisions in particular by the Pennsylvania Supreme Court regarding mail ballots. The Trump campaign says the state court overstepped its constitutional role.The three decisions resolved multiple lower court cases, and did four things, according to the Trump campaign: prohibited counties from comparing mail ballot signatures to those on file, said campaigns and political parties can’t challenge ballots as they are being processed and counted, allowed limitations on observers to the vote count in Philadelphia, and allowed ballots to count even if voters had forgotten to fill out the address or date on the envelope.The campaign argues by making these decisions, the Pennsylvania Supreme Court treated ballots differently in different counties and violated equal protection guarantees and took away the power of the state legislature to determine how federal elections are run.“Collectively, these three decisions resulted in counting approximately 2.6 million mail ballots in violation of the law as enacted by the Pennsylvania Legislature,” reads the petition.Click here to read the petitionClick here to read the motion for expedited considerationIf the state Supreme Court is found to have made an error, the campaign argues, that would mean “over 110,000 invalid ballots were illegally counted — more more than enough to have affected the outcome of the election, where the margin between the two principal candidates for President currently stands at 80,558.”The filing also admits that it might be too late to change the results of the 2020 election, however President Trump may run again, they argue, and these problems could still persist.“The legal issues presented by this petition, namely, whether the alteration of state election laws by non-legislative officials in the states is unconstitutional, will likely recur in future elections — including in the presidential election in 2024, in which Petitioner is constitutionally eligible to run,” the petition states.Electors gathered last week in every state to cast their ballots, formalizing President-elect Joe Biden’s election win. 2892

President-elect Joe Biden’s proposal to forgive ,000 of federal student debt as COVID relief could erase loan balances for 15 million borrowers and reduce balances for millions more, according to federal data.Broad student loan forgiveness could affect 45.3 million borrowers with federal student loan debt who owe a total of .54 trillion to the government. Wiping out ,000 each — as Biden calls for — would result in up to 9 billion canceled.Seth Frotman, executive director of the Student Borrower Protection Center, says removing the student loans “albatross around their financial lives” could mean the difference for consumers who aspire to buy a house, save for retirement or start a business.“Student loan borrowers across the spectrum — old, young, urban, rural, high-balance, low-balance, Black, white — are hurting with their student loans, and that was before COVID even hit,” Frotman says.For now, Biden’s proposal is just an amount, with no details to answer questions about which loans might be canceled, whether forgiven amounts would be taxed and if borrowers would have defaulted loans removed from their credit history. It also faces huge hurdles politically.But here’s how ,000 in forgiveness could affect some categories of borrowers.For 15 million borrowers, a slate wiped cleanMore than a third of federal borrowers could see their balances fall to zero with ,000 in debt cancelation. Among those, 7.9 million owe less than ,000 in student loans and 7.4 million owe between ,000 and ,000, according to federal data.These are also the borrowers most likely to default on their loans. Over half of those who default (52%) have less than ,000 of federal undergraduate debt, according to an analysis of federal data by The Institute for College Access and Success, or TICAS.That’s because those with lower debt amounts often have not completed their schooling, so they don’t reap the benefits of a degree that leads to a better paying job. Among those who default, 49% did not complete their program of study, TICAS found.Default has severe consequences: It can sabotage credit scores and trigger collection efforts that can include seizure of tax refunds and Social Security payments.Many of these borrowers are current on their payments. For them, forgiveness could help, but it might not be much of a boon to the overall economy, says Betsy Mayotte, president and founder of The Institute of Student Loan Advisors.“If you owe ,000 and your payment is 0 — and that’s a lot of money to a lot of people — but you all of a sudden don’t have to pay 0 a month, I don’t see that 0 being put toward something that will stimulate the economy,” Mayotte says.For 19 million borrowers, some breathing roomThe typical student leaves school with around ,000 in debt, according to TICAS, an amount that can grow quickly with interest if students pause payments or go on repayment plans that allow them to make lower payments.Nearly 19 million borrowers owe between ,000 and ,000 in federal student loans, according to federal data. Without detailed execution plans from the Biden team, it’s trickier to say how these borrowers would be affected.For example, cancellation might not reduce the amount they pay each month, but it could draw their end date closer and lower the total amount they’d pay overall, due to interest. Or it might wipe out one loan completely but leave payments on others intact.For 11 million borrowers, a drop in the bucketHigher income households, as a whole, are the ones that hold the most debt.The high debt/high earner correlation makes sense because those who make more money tend to have more advanced education, according to findings from Georgetown University Center for Education and the Workforce. To get those advanced degrees, students rack up debt in the process.More than 8 million people owe the government between ,000 and 0,000 in student loans. An additional 3.2 million borrowers owe more than 0,000 on their federal loans, data show.A borrower repaying 0,000 on the standard federal 10-year plan at 5% interest would pay off the loans 15 months early if ,000 were forgiven.Forgiveness is still a big maybeThere’s also the question of how loan forgiveness could move forward: Will it be through Congress or executive action or not at all?“If anything can be done by executive action, [forgiveness] could happen very quickly,” says Robert Kelchen, associate professor of higher education at Seton Hall University. “I’m just not sure whether forgiving debt would withstand legal scrutiny.”Experts say any executive action could face lawsuits or be subject to judicial review, which would leave the fate of an order for forgiveness in the hands of the Supreme Court.“There are a lot of conservative judges, so I can imagine that many of them could be hostile to the policy,” says Wesley Whistle, senior advisor for policy and strategy, higher education at the public policy think tank New America.Mayotte said she is doubtful borrowers will see straight forgiveness since the reach of this type of pandemic relief wouldn’t be as broad as, say, providing supplemental unemployment or propping up small businesses.Forgiveness won’t happen before payments restartBiden proposed his forgiveness measure as part of COVID-related relief, but experts say there’s an even more pressing student loan concern that will come to a head before Biden starts his term — the end of the payment pause for student loan borrowers, which is set to sunset after Dec. 31.Doug Webber, associate professor of economics at Temple University, says he’s worried about the pitfalls of going “zero to 60” in one day with reinstating loan payments for a population that isn’t ready.“Once you give people a benefit, it’s always harder to take it back,” Webber says.The payment pause, known as a forbearance, has been in effect since March as part of the first coronavirus relief bill. President Donald Trump extended the relief through the end of the year, but neither the outgoing or incoming administration has committed to extending it again.While borrowers await the fate of forgiveness, they should contact their servicer to get enrolled in an income-driven repayment plan if they won’t be able to afford their payments. These plans set payments at a portion of their income and can be as low as zero if they’re unemployed.NerdWallet writer Ryan Lane contributed additional reporting to this story.More From NerdWallet10+ Student Loan Forgiveness Programs That Discharge LoansFederal Loans Are Paused Until 2021 — Should You Pay Anyway?Income-Driven Repayment: Is It Right for You?Anna Helhoski is a writer at NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. 6765

President Donald Trump’s former adviser Kellyanne Conway said late Friday that she has tested positive for the coronavirus, days after attending a White House event with several others who have since come down with COVID-19.Conway tweeted Friday that she has a “light cough” and is “feeling fine.” “I have begun a quarantine process in consultation with physicians,” she added.Conway attended the Rose Garden announcement Saturday where President Donald Trump announced his nomination of Judge Amy Coney Barrett to the Supreme Court. Among the attendees, Republican Sens. Mike Lee and Thom Tillis, the president of the University of Notre Dame, as well as Trump himself tested positive Friday for the coronavirus. 721

President Donald Trump's legal team is preparing to respond to special counsel Robert Mueller regarding the possibility of an interview, Rudy Giuliani told CNN Monday.Giuliani, one of Trump's lawyers, would not characterize the response. He's recently suggested that Trump and his lawyers would be making a final decision soon, but other sources have said the coming response would likely be another effort to counter the latest from Mueller and not a final offer.CNN reported last week that Mueller has offered to reduce the number of obstruction-related questions Trump would be asked by investigators. The President's lawyers had previously offered the special counsel written answers to obstruction questions and limiting the interview to matters before his presidential inauguration, which are largely confined to collusion.The special counsel indicated an interview with the President would include obstruction questions, but did cede that some answers on topics could be in writing. Trump's lawyers -- who are not in favor of any interview despite the President saying he wants to set the record straight with special counsel -- are seeking to limit the interview to collusion topics.The-CNN-Wire 1211

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