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At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.— Steven Mnuchin (@stevenmnuchin1) March 20, 2020 259
BOSTON, Mass. – The average college graduate has roughly ,000 in student loan debt, which means they are shelling out roughly 0 a month towards student loan repayment. Around 44 million Americans are in this situation and now some are getting help from their employers.“My undergrad is in marketing, I also got my masters just a general MBA as well,” said 31-year-old Eliza Baseau in Boston. “I graduated with 0,000 in student loan debt. It’s startling.”Badeau left college paying, monthly, as much towards student loans as rent in Boston. “Making those payments was insane,” added Badeau. However, a few years after working at Fidelity Investments, the company announced it was rolling out a new workplace perk that would give its employees extra money toward repaying their student loan debt.“Oh my gosh. It was overwhelming in a positive way,” said Badeau, “So, they asked if I could help pilot it and I was like absolutely ‘why not’ why am I not going to do that, right?”Fidelity began giving her and other employees up to 6 a month toward her student loan repayment, with a ,000 lifetime cap. For Badeau, that was almost 20 percent of her monthly student loan bill, and it will equate to paying almost 20 percent of her overall student loan debt. “In the beginning it was something for me where I didn’t see a future in buying a home, I didn’t see a future in starting a family because I couldn’t even fathom getting married or paying for a wedding or having children while battling this debt,” said Badeau, “So now it’s something where that is an option for me.”A growing number of companies are offering similar help to staff stressed and saddled with student loan debt, in part, because these employers are seeing it’s actually benefiting them too.“What we have seen is that it is actually contributing to a reduction in turnover of over 70 percent,” said Asha Shrikantiah.Shrikantiah heads Fidelity’s student loan debt program and has seen it be so successful, internally at increasing employee loyalty and productivity, that the company has taken it external.“We now have an entire benefit’s business around helping people all across the country with standing up employer sponsored benefits for student debt.”Fidelity has helped almost a hundred other companies roll out some form of monthly student loan repayment assistance. That has brought the number to a total of about 8 percent of companies across the country that now offer this new benefit. Over the next five years, that is expected to grow to 20 percent, according to the Society of Human Resources Management. Eventually, student loan repayment assistance could be as common of a workplace perk as 401ks. “Honestly I think there will be no choice. I think just seeing the wave of the generations coming in burdened by the student debt,” said Badeau. “Saving for retirement is a great benefit but right up in there is dealing with your current debt.”Not every company that offers student loan repayment offers it in the same way. Some companies, like Fidelity, will pay their contribution directly to your servicer. Others will match all or a portion of what you pay in monthly student loans to your 401k or other retirement plan. There is quite a variety of ways companies are offering this benefit. Most of the variety comes from companies trying to work this new benefit in, while navigating around tax codes that hinder the amount and way the company can offer student loan repayment assistance.H.R. 1043 is a bill that was introduced in 2019 that would let employers give tax-free student loan assistance up to ,250 a year per employee. Should that bill pass, student loan repayment assistance could be streamlined at most companies that offer it, and even more employers would likely jump on board with the new workplace perk. 3832

BUFFALO, N.Y. – A powerful moment was caught on camera at an upstate New York protest.Officer Armonde “Moe” Badger with the Buffalo Police Department led protesters in the hymn, “We Shall Overcome” on Tuesday. In a video of Badger’s performance, you can see protesters gathered around the officer and singing along.Badger is one of department’s two “singing cops” who use their vocal prowess for community outreach throughout the city. The officer’s gesture comes at a time of volatility between law enforcement and demonstrators following the death of George Floyd in Minneapolis. Floyd died in police custody on Memorial Day after a police officer pressed his knee against the 46-year-old's neck for several minutes, even as the man said, “I can’t breathe.” That officer, Derek Chauvin, and three others involved have been fired. And, Chauvin has been charged with Floyd’s murder, but the other cops have not been arrested.Since Floyd’s death, people across the world have taken to the streets to demand justice and to call for an end to systemic racism within law enforcement. 1092
As post-Thanksgiving travelers make their way home, severe weather is turning the journey into a quite a trek.As of Monday afternoon, more than 3,000 flights within, into or out of the United States have been delayed, 230
As food banks have struggled to meet soaring demand from people suddenly out of work because of the coronavirus pandemic, it has been especially troubling to see farmers have to bury produce, dump milk and euthanize hogs.Now some states are providing more money to help pay for food that might otherwise go to waste, the U.S. Agriculture Department is spending billion to help get farm products to food banks, and a senator is seeking billion more to buy farm produce for food banks.“Obviously nobody likes to see waste of good food,” said Mark Quandt, executive director of the Regional Food Bank of Northeastern New York. “And to know that farmers put so much work and money and energy into producing the product. That’s got to be breaking their heart to then have to just dump product like that or just throw it away or plow it under.”Farmers were left with little choice after the closure of restaurants and schools abruptly ended much of the demand for the food they produced.Thousands of acres of 1021
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