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New plans for student loan debt forgiveness are being proposed as President-elect Joe Biden prepares to take office in just a few weeks. Many of those with student loans, as well as many economists, are hopeful some form of student loan debt forgiveness will pass.“I think it is one of the most accessible ways President-elect Joe Biden has to stimulate the economy,” said Suzanne Kahn, director of education, jobs, and worker power at the Roosevelt Institute in New York.In an interview covering the possible benefits of student loan debt forgiveness, Kahn explained the two ways in which the Biden can get the debt forgiven. One, he can push for Congress to include this debt relief in the next stimulus package, or two, he can take executive action. Either option could eliminate student loan debt for roughly 15 million borrowers and reduce the debt of another 30 million Americans.The president-elect is currently focused on pushing for ,000 to be forgiven in the next stimulus bill and has not said if he would actually consider executive action. However, he has also not refuted that option either.The latter option is certainly the more controversial way to get this debt forgiven, although many Democrats argue it is still legal and fully within a president’s power to do so. Many high-ranking Democrats in Congress explain Biden would have the authority to do this through the Higher Education Act.Experts like Kahn believe it is more likely that Congress will not agree on any amount of student loan debt forgiveness and Biden will take executive action.“I think that it is through executive action, or at least the first movement we see around it will be executive action,” said Kahn. “That really is because the federal government owes 95 percent of student debt, and the Secretary of Education has the ability to cancel it.”“My stance is that it is not inevitable,” said Neal McClusky, director of the Center for Educational Freedom at the Cato Institute.McClusky believes a third option is that no form of student loan debt forgiveness is passed, while he concedes there is a chance that Biden could issue an executive order forgiving student loan forgiveness. However, he also points out that option could be challenged in the courts with some questioning his authority through the Higher Education Act.“There seems to be straws that he can grab and say, ‘Look, this gives me the authority to just write off this debt.’ Other people say it is not clear in the law that he can do that,” said McClusky. “So, what would be the most likely outcome is that he would try. If he were to try and cancel student loan debt through executive action, it would end up in court and would be a pretty long court battle.”So, at the end of the day, where do we really stand with student loan debt forgiveness? The consensus is that it is more likely than ever before that some form of student loan debt will be forgiven, but we’re still nowhere close to a guarantee that will actually happen anytime soon.“I don’t think it is inevitable, but I do think it is important that it is on the table,” said Kahn. 3115

NEW YORK (AP) — Pacific Gas & Electric says its equipment may have ignited the 2018 Camp Fire, which killed 86 people and destroyed an entire town in Northern California.The embattled utility, which filed for bankruptcy protection in January, said Thursday it's taking a .5 billion charge for claims connected to the Camp Fire in its fourth quarter earnings.The cause of the Camp Fire, the deadliest in California history, is still under investigation. But firefighters located the start of the fire near a tower on PG&E's Caribou-Palermo transmission line. PG&E says that transmission line lost power right before the fire and was later found to be damaged."We recognize that more must be done to adapt to and address the increasing threat of wildfires and extreme weather in order to keep our customers and communities safe," said John Simon, interim CEO of PG&E, in a statement. "We are taking action now on important safety and maintenance measures identified through our accelerated and enhanced safety inspections and will continue to keep our regulators, customers and investors informed of our efforts."PG&E also recorded a new billion charge related to the 2017 wildfires in Northern California, saying it still estimates it is facing wildfire liabilities in excess of billion.Citing extraordinary challenges from wildfires, PG&E's management concluded the circumstances "raise substantial doubt about PG&E Corporation's and the Utility's ability to continue as going concerns."PG&E also said there was an outage and downed wires in another location, called Big Bend, that morning. While fire officials have identified the second location as another potential ignition point of the Camp Fire, PG&E said it's unsure if that problem might have ignited the fire.The Caribou-Palermo transmission line has been out of service since mid-December, and inspections have identified equipment that needs repair or replacement, the company said. 1997

NEW YORK CITY — From Times Square to Herald Square and along Fifth Avenue, stores across the city are boarding up window displays in preparation for possible chaos surrounding the presidential election.The sight of boarded-up windows has some New Yorkers feeling tense and anxious about the Democratic process.Incidents in the New York area over the weekend served as a preview of potential unrest on Election Day or the days following.Tensions flared between protesters and police in Chelsea on Sunday, resulting in 11 people arrested, the NYPD said. A Black Lives Matter group had gathered waiting for a caravan of President Donald Trump supporters that never showed.Meanwhile, hundreds of vehicles draped with flags and banners in support of Trump snarled traffic around the New York metropolitan area Sunday.According to The Associated Press, a large caravan of Trump supporters traveled through Rockland and Westchester counties and Queens, in some cases stopping traffic without further incident.In addition, videos posted online showed hundreds of vehicles at a standstill around noon in the northbound express lanes of the Garden State Parkway near Lakewood, New Jersey. Police say the incident caused a 5-mile backup.A separate caravan is being investigated by the FBI in San Antonio, Texas after swarming a Joe Biden campaign bus and allegedly trying to run staffers off the road ahead of a rally.Trump, in a Sunday tweet, called the supporters in that caravan "patriots" who "did nothing wrong."The Associated Press reports that more than two million people in New York state have already cast in-person ballots during the state's early voting period.Additionally, over a million New York voters have already returned absentee ballots, election officials said.This story was originally published by Anthony DiLorenzo on WPIX in New York City. 1861

NEWPORT BEACH (CNS) - President Donald Trump is scheduled to come to Orange County Sunday for a private fundraiser at tech mogul Palmer Luckey's estate, it was reported Friday.The news came Thursday, just as latest fundraising numbers showed the president falling behind former Vice President Joe Biden in campaign cash, The Orange County Register reported.Biden reportedly raised a record-breaking 3 million in September to Trump's 7.8 million. And Biden reported 2 million in cash heading into October vs. Trump's 1 million.Invitations for Sunday's fundraiser at Luckey's Newport Beach home show tickets ranging from ,800 for an individual admission to 0,000 for a couple to attend and take a photo with the president, according to the Register. Ric Grenell, Trump's former acting Director of National Intelligence, is also slated to be a special guest at the event.The event was originally slated to take place Oct. 6, but was postponed after Trump contracted the coronavirus. The president says he no longer feels ill and his doctors have cleared him for public appearances. But some experts have expressed concern about him holding in-person events less than two weeks after he was released from the hospital, and they continue to discourage any large public gatherings.Luckey has donated 5,600 to Trump's campaign this cycle, according to Federal Election Commission records. And he's donated more than .7 million total this cycle, with much of the rest of those funds going to GOP committees and Republicans running for seats, such as Michelle Steel and Young Kim, who are both trying to unseat Democratic members of Congress.Luckey is a Long Beach native who was 19 when he co-founded the Oculus Rift virtual-reality system in Irvine. His company sold for an estimated billion to Facebook in 2014. 1838

NORTH BRUNSWICK, NJ — A man found dead of an apparent self-inflicted gunshot wound Monday is believed to be connected to a shooting at a federal judge's New Jersey home Sunday, killing her son and injuring her husband, law enforcement sources told PIX11 News.The man was found dead in a vehicle on Route 17 in Sullivan County, New York, wearing a FedEx shirt, sources said.Gov. Phil Murphy said he had no comment about the development when asked about it Monday at his daily press briefing.The discovery comes after a gunman opened fire at Judge Esther Salas' North Brunswick home Sunday, killing her 20-year-old son, Daniel, and wounding her husband, defense lawyer Mark Anderl, Chief District Judge Freda Wolfson told the Associated Press.Another law enforcement source, who wasn’t authorized to comment and spoke anonymously to the AP Sunday, said the gunman posed as a FedEx delivery driver.They said Salas wasn't injured as she was in the basement at the time of the shooting.The FBI said late Sunday it was looking for one suspect in connection with the shooting.Officials have not commented on any possible motive for the shooting.Judge Salas was set to preside over a class action lawsuit filed last Wednesday against Deutsche Bank. The suit claims the bank failed to properly monitor several high risk customer accounts, including one belonging to convicted sex offender Jeffrey Epstein.Gov. Murphy Sunday called the shooting a "senseless act.""This tragedy is our latest reminder that gun violence remains a crisis in our country and that our work to make every community safer isn’t done," he said.“I know Judge Salas and her husband well, and was proud to recommend her to President Obama for nomination to New Jersey’s federal bench," Sen. Bob Menendez said. "My prayers are with Judge Salas and her family, and that those responsible for this horrendous act are swiftly apprehended and brought to justice.”North Brunswick Mayor Mac Womack said in a statement: "No words can express the sadness and loss we share tonight as a community after [the] senseless shootings...We commit to do all we can to support the family at this time, as well as all law enforcement agencies involved."The Middlesex County Prosecutor's Office assisted the North Brunswick Police Department in the investigation.This story originally reported by Aliza Chasan , Associated Press , Katie Corrado on PIX11.com. 2409

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