Biden

30 Aug

Biden to ask for approval for $1.1bn arms sale to Taiwan: Report

ethionegari@gmail.com0 CommentsNewsAddisAbaba, Biden, EthioNegari, Ethiopia

United States President Joe Biden plans to ask Congress to approve an estimated $1.1bn arms sale to the self-ruled island of Taiwan, including 60 anti-ship missiles and 100 air-to-air missiles, according to Politico. The package, which is still in an early stage, includes 60 AGM-84L Harpoon Block II missiles for $355m, 100 AIM-9X Block II Sidewinder tactical air-to-air missiles for $85.6m, and $655.4m for a surveillance radar contract extension, three people familiar with the matter told the publication. The Sidewinder missiles will be used to arm Taipei’s US-made F-16 fighter jets. Taiwan, which is claimed by Beijing, is one of…

25 Aug

Student loan forgiveness: Biden cancels $10,000 in student debt for millions

ethionegari@gmail.com0 CommentsNewsAddisAbaba, Biden, EthioNegari, Ethiopia, Student

US President Joe Biden will cancel up to $10,000 (£8,474) in federal student loans for millions of Americans who earn less than $125,000 each year. Mr Biden will also forgive $20,000 of debt for students on Pell Grants, which applies to those in greatest financial need. "People can finally crawl out under that mountain of debt," he said. An estimated 43 million Americans owe a combined total of $1.6tn in federal student debt. Nearly one-fifth owe less than $10,000. The temporary student loan pause, first put in place in March 2020, will also be extended a final time until 31…