December 21, 2015

What you need to know about Obama’s latest student loan plan -- Santa Fe New Mexican

On Thursday, millions of Americans became eligible to take advantage of the government’s most generous student loan repayment plan.

The repayment program, known as Revised Pay as You Earn or REPAYE, caps borrowers’ monthly bills to 10 percent of their income and forgives the debt after 20 years of payment. Up until now, those terms were only available for people with especially low income relative to their debt and who took out their loans after 2007. But the Obama administration opened the program to anyone with what’s known as a Direct federal loan, regardless of their income or when they borrowed. -- 12/20/2015

 

NM has nation’s highest unemployment -- Albuquerque Journal

New Mexico had the highest unemployment rate in the nation in November, while growth in the number of new jobs in the state was flat, according to labor figures released Friday.

The state’s rate of 6.8 percent for November was unchanged from the month before, but New Mexico’s failure to improve pushed it to the No. 1 spot, according to the new figures. Last month, West Virginia held the No. 1 title, but its figures have since improved.

Nationwide, the economy generated a robust 211,000 jobs last month, and the U.S. unemployment rate remained at 5 percent, a 7-year low, according to the U.S. Department of Labor. -- 12/18/2015

 

A Critical Step Forward for a Stronger Economy and a Simpler, Fairer Tax Code -- White House Blog

The President signed into law a bipartisan budget agreement that bolsters our security, grows our economy, and reflects our values. While no deal is perfect, this agreement achieves the three key conditions set forward by the President and Congressional Democrats: undoing the harmful cuts known as sequestration, investing equally in both national security and economic growth, and avoiding ideological issues. And it permanently extends vital tax credits benefiting 24 million families a year, as well as key tax cuts for companies investing in innovation and small businesses, while putting hundreds of billions in business tax breaks on a real path to expiration. -- 12/18/2015