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High school graduates who didn’t complete a federal financial aid application missed their opportunity for part of .6 billion in free money for college, according to NerdWallet’s annual analysis of federal financial aid data.The money went unclaimed by 661,000 members of the Class of 2018 who were eligible for a federal Pell Grant but didn’t complete the Free Application for Federal Student Aid, or FAFSA. The application is key to getting money for college including work-study, federal loans and aid from states and schools.The average Pell Grant was ,908 for the 2018-19 school year, NerdWallet found. The maximum allowable award for the year was ,095. 692
Hope Hicks, who was named interim White House communications director in August, will now hold the job on a permanent basis, a White House spokesperson told CNN Tuesday.Hicks, a longtime aide to President Donald Trump who was one of the first staffers to join Trump's 2016 campaign, became the interim communications director after Anthony Scaramucci, the colorful and controversial Trump aide, was ousted from the job in July.Bloomberg earlier reported the development. 478
HIGHLIGHTS OF THE ACT:- ,200 stimulus checks for the same group of Americans who received a check in the spring - 6 billion in funds for schools to hire staff and conduct social distancing- Replenishing the Paycheck Protection Program, intended to help businesses keep employees on payroll- Extending unemployment supplement, although at a lower amount- Liability protection for businesses reopening amid the pandemicSenate Majority Leader Mitch McConnell said that Senate Republicans will submit a series of bills tonight known as the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act.McConnell, who called out Democrats for “stonewalling,” had not taken up a stimulus bill passed by House Democrats in May. He urged Democrats to join in negotiations.“We have one foot in the pandemic and one foot in the recovery,” McConnell said Monday calling the timing of the legislation a “crossroads” for the country.The HEALS Act will include a second round of stimulus funds for the same group of Americans who received the last stimulus check. The previous economic stimulus check was ,200 for most American adults making less than ,000 per year. McConnell said there will be additional assistance for those caring for adult vulnerable dependents.The HEALS Act will also include replenishing Paycheck Protection Program funds, which were given to businesses to help keep employees on payroll during the height of the pandemic.The act will also include a supplement for unemployment, which ran out last week. Since the spring, the federal government provided a 0 per week supplement to unemployment checks. But there is still a disagreement on how much this supplement should be, as President Donald Trump and some Congressional Republicans complained that the supplement gave an incentive to lower income employees to not return to work.Schumer said that the Republican proposals do not go far enough, and criticized McConnell for not submitting a single bill, but instead a series of proposals.“The Republican proposal will ignore not one or two or three but scores of major crises in America right now,” Schumer said. “In addition, based on what the leader has said, the Republican proposal won't go nearly far enough, even if the pieces they try to do something with, the small number, the disparate number, the unaggregated number, since each piece seems to be separate because they can't seem to get agreement among themselves.”The issue, Schumer says, is that the White House has its own set of proposals its ready to outline. But it appears on an issue concerning most Americans, a second stimulus check, there is agreement among Congressional Democrats, Republicans and the White House.“There's a ,200 check coming. That is going to be part of the new package,” White House economic adviser Larry Kudlow said on CNN’s “State of the Union.But neither Schumer nor McConnell addressed a rapidly growing deficit, as revenue into the IRS has declined while expenditures go up. In the month of June along, the federal deficit was 3 billion. Overall, the federal deficit for the first nine months of fiscal year 2020 was .7 trillion.Before this year, there has never been a budget deficit of more than .4 trillion in the US. 3275
Here's what's making headlines in the political world on Wednesday, Jan. 2, 2019:Lawmakers gather for border security meeting -- Democratic and Republican congressional leaders are expected to attend a briefing on border security at the White House as the government remains partially shut down and President Donald Trump asks in a tweet, "Let's make a deal?"The partial government shutdown began on Dec. 22. Funding for Trump's pet project, a wall along the U.S.-Mexico border, has been the sticking point in passing budgets for several government departments.The briefing is scheduled the day before Democrats are to assume control of the House and end the Republican monopoly on government. Read more Trump lashes out at Mitt Romney -- President Donald Trump fired back at Mitt Romney after the Republican senator-elect penned an op-ed saying Trump "has not risen to the mantle of the office.""Here we go with Mitt Romney, but so fast! Question will be, is he a Flake? I hope not," Trump tweeted, referring to retiring Arizona Sen. Jeff Flake, a Republican who has criticized the President often in the last few years. "Would much prefer that Mitt focus on Border Security and so many other things where he can be helpful. I won big, and he didn't. He should be happy for all Republicans. Be a TEAM player & WIN!"Romney, who is set to take office Thursday, criticized the President's character in a Washington Post op-ed Tuesday, saying that Trump's "conduct over the past two years, particularly his actions this month, is evidence that the President has not risen to the mantle of the office." Read more Unsanitary conditions reported at National Parks amid shutdown -- Human feces, overflowing garbage, illegal off-roading and other damaging behavior in fragile areas were beginning to overwhelm some of the West's iconic national parks, as a partial government shutdown left the areas open to visitors but with little staff on duty.The partial federal government shutdown, now into its 11th day, has forced furloughs of hundreds of thousands of federal government employees. This has left many parks without most of the rangers and others who staff campgrounds and otherwise keep parks running. Read moreCNN and AP reports compiled by 10News 2260
General Motors has already announced plant closings and big job cuts. Ford could be next.Ford (F) said this summer that it was planning to radically reshape its business, and could close or scale back unprofitable operations in some regions. It said it would spend up to billion on the transformation.The company has revealed little detail about its plans. Adam Jonas, the auto analyst at Morgan Stanley, said he believes Ford is preparing to slash 25,000 jobs worldwide. He expects that most of the cuts will be in Europe, where Ford has long struggled, but he said North American plants and workers won't be spared.Like GM, Ford is reinventing itself to compete in an industry undergoing radical change. Both GM (GM) and Ford have said they need to cut costs to invest in the next generation of vehicles, such as self-driving and electric cars."There are bigger forces at work driving global [automakers] to rethink the fundamental idea of supporting increasingly obsolete segments, propulsion systems, and geographic regions," he wrote in a research note.Ford issued a statement on Tuesday saying the "actions will come largely outside of North America.""This includes the targeted and thoughtful approach we are taking to the redesign of our global salaried workforce," Ford said. "All of this work is ongoing and publishing a job-reduction figure at this point would be pure speculation."Ford's sales in the United States are down about 3% this year. It has announced plans to stop selling traditional sedans in North America other than its iconic Mustang, given the shift in customer preference towards SUVs and pickups.The company said last week that it would cut some shifts and 1,150 hourly jobs at two plants, one in Kentucky, one in Michigan. But it also announced it was adding 1,000 jobs at two other nearby plants, and said that all hourly workers whose current jobs were being eliminated would be offered jobs at another Ford plant.Ford had 202,000 workers worldwide at the end of last year, with about half of those in North America and 54,000 in Europe.GM announced plans last week to close a number of plants worldwide including four in the United States and one in Canada. It will also cut about 8,000 white collar jobs. Taken together, those moves are expected to slash 14,000 jobs in North America.While GM said it will offer many of its laid-off hourly workers new jobs at different plants, critics including President Donald Trump have taken the company to task for cutting jobs at a time of strong profitability. 2548