The president is proposing to triple the child care tax credit to $3,000 per child under 5, which would help 5.1 million families cover child care costs.
Obama’s apology in an NBC News interview Thursday made up the headlines. But the president also said his administration is pushing to close “some of the holes and gaps in the law” (Affordable Care Act) through which many are losing their current policies.
Under key provisions of the Affordable Care Act, about 17 million Americans who are now uninsured, or who buy insurance on their own, will be eligible for premium tax credits in 2014, says a report released today by the Henry J. Kaiser Family foundation.
Can it get more embarrassing for the Obama Administration than this: In the first 24 hours of the glitch-plagued healthcare.gov, only 6 people managed to sign up. That’s right, just six enrollments on Oct. 1.
Healthcare.gov’s fiasco-ridden launch was the result of insufficient testing and poorly-led development. The federal contractors entrusted with the website’s creation made that clear Thursdays in testimony on Capitol Hill.
Under the new law, nearly 11 million borrowers will see their interest rates decrease on new loans made after July 1, 2013. About 8.8 million undergraduate borrowers will see their rates on new loans drop from 6.8 to 3.86 percent.
Homeownership has been stifled since the housing market meltdown by an historic foreclosure crisis, high unemployment and a growing number of families turning to rentals to ride out tough times or as a result of insurmountable hardships.
Congress this week couldn’t even agree on a simple one-year extension of the low rate on the subsidized Stafford loans for qualifying college students. Their inaction will allow the federal Stafford rate to double to 6.8 percent on July 1.
With nine days left before subsidized loan rates double for millions of college students, Republicans have turned up the heat on President Obama, urging him to “get engaged” on a compromise deal that would tie rates to U.S. Treasury notes.
The latest media reports Thursday say that the National Security Agency has obtained direct access into the systems of Google, Facebook, Apple and other Internet giants.