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News

BRIEF SYNOPSIS
Moving Build Back Better Plan Moving Forward
For Working Class Americans
LIST OF ISSUES
Education: Student Loan Relief

FACT SHEET: President Biden Announces Student Loan Relief for Borrowers Who Need It Most

This is an  three-part plan to help working and middle-class federal student loan borrowers transition back to regular payment as pandemic-related support expires.

 

This plan includes loan forgiveness of up to $20,000. Many borrowers and families may be asking themselves “what do I have to do to claim this relief?” 

You'll have until Dec. 31, 2023 to apply.

READ MORE: https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/

READ MORE: https://studentaid.gov/debt-relief-announcement/

Inflation Reduction Act

What does the inflation Reduction Act do?

The Inflation Reduction Act lowers prescription drug costs, health care costs, and energy costs. It's the most aggressive action we have taken to confront the climate crisis.

President Biden is delivering on his promise to build an economy that works for working families, including Latino communities.

This historic legislation to help communities of color, including Latinos, who have been at the frontline of climate change, by lowering costs, advancing environmental justice while building a cleaner future, and growing the economy from the bottom up and the middle out.

READ

https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdf

READ

https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/16/fact-sheet-how-the-inflation-reduction-act-helps-latino-communities/

Job Market Trend

The job market continued to be strong in the second quarter of 2022. The economy added an average of 413,000 jobs in April and May, and the unemployment rate sits at just a notch above the pre-pandemic rate of 3.5%. However, inflation hit its highest level in over 40 years, and recession fears are widespread.

READ:https://www.joblist.com/jobs-reports/q2-2022-united-states-job-market-report

U.S. DEPARTMENT OF LABOR BLOG

Strong and Steady Growth: A Deep Dive into the Q2 Labor Market

 • By: Joelle Gamble • July 21, 2022

Strong, steady job growth is an apt description of the second quarter of U.S. labor market. Over the last three months, the economy added an average of 375,000 jobs per month.  

Americans do not experience the labor market as just an aggregate figure. Conditions evolve over time. And, importantly, disparities in access and opportunities lead to disparate outcomes that policymakers must identify and address. That is why the Biden-Harris administration and the U.S. Department of Labor are committed to ensuring equitable labor market outcomes for all. 

READ: https://blog.dol.gov/2022/07/21/strong-and-steady-growth-a-deep-dive-into-the-q2-labor-market

 Bipartisan Infrastructure Law (Infrastructure Investment and Jobs Act)

IThis Bipartisan Infrastructure Law will rebuild America’s roads, bridges and rails, expand access to clean drinking water, ensure every American has access to high-speed internet, tackle the climate crisis, advance environmental justice, and invest in communities that have too often been left behind.

 

The legislation will help ease inflationary pressures and strengthen supply chains by making long overdue improvements for our nation’s ports, airports, rail, and roads. It will drive the creation of good-paying union jobs and grow the economy sustainably and equitably so that everyone gets ahead for decades to come. 

READ:https://www.whitehouse.gov/bipartisan-infrastructure-law/

READ: https://www.cnn.com/2022/08/22/politics/biden-administration-tries-to-sell-infrastructure-projects/index.html