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Biden student loan repayment changes could cost around $475B: economic model

Published Fri, 01 Nov 2024 06:39:27 GMT

(The Hill) -- President Joe Biden’s changes to the income-driven repayment (IDR) plans could cost around $475 billion over a 10-year budget window, according to the Penn Wharton Budget Model. The administration introduced the Saving on Valuable Education (SAVE) plan earlier this year to transform the IDR system in a move that could save thousands of dollars for student loan borrowers. The final changes to the plan, such as cutting discretionary income for repayments from 10 percent to 5 percent, raising the federal poverty guidelines from 150 percent to 225 percent and covering the interest on loans that are not covered under the plan, will be implemented over the next year. The changes would make it so a single person making less than $32,805 a year or a family of four making less than $67,500 a year will pay $0 a month on student loans. But, this will come at a price.  White House: Texas, California, Florida have most borrowers eligible for student loan forg...

'The photos are wowing all of us': NASA reflects on one year of James Webb Telescope discoveries

Published Fri, 01 Nov 2024 06:39:27 GMT

SPACE (KXAN) - "Whatever's out there, Webb is going to see it," reflected Mike Menzel, a NASA engineer who has been working on the James Webb Space Telescope for 26 years. The telescope is celebrating one year of service this month."As an engineer who was on this for 26 years, my favorite was the first deep field image," Menzel said. He serves as the Missions Systems Engineer for Webb. Before that, he worked on the Hubble telescope. "In 12 hours, we broke the Hubble record. We saw a galaxy whose lights have been traveling to us for about 13.4 billion years."Webb is the largest satellite NASA has ever launched into space. Unlike Hubble, Webb sees in infrared light, which travels further and through objects. Scientists have described it as acting like a time machine."If you look at Neptune in the visible light, you'll barely see any rings at all. But when you look at it in James Webb [with] the infrared, bang, they pop out vividly."Looking back in time and spaceThe accomplishments of ...

No winner in Monday’s Powerball drawing. Jackpot reaches $1 billion.

Published Fri, 01 Nov 2024 06:39:27 GMT

By Nick IngramST. JOSEPH. Mo. (AP) — The Powerball jackpot rose yet again to an estimated $1 billion after no winning ticket was sold for the latest drawing.No ticket for Monday’s drawing matched the white balls 5, 8, 9, 17, 41 and red Powerball 21. The jackpot was estimated at $900 million.The new jackpot for Wednesday’s drawing would be the seventh highest in U.S. history and the third largest for Powerball. Ticket buyers have a chance at $1 billion paid out in yearly increments or a $516.8 million one-time lump sum before taxes.Three people won $2 million after matching all five numbers plus the Power Play, lottery officials said. The winning tickets were sold in Arkansas, Georgia and Texas.Five people won $1 million after matching all five numbers. The winning tickets were sold in Connecticut, Florida, Kentucky, New York and Pennsylvania.The game’s abysmal odds of 1 in 292.2 million are designed to build big prizes that draw more players. The largest Powerball jackpot was $2.04 ...

Bakery opening up storefront in Cambridge

Published Fri, 01 Nov 2024 06:39:27 GMT

CAMBRIDGE, N.Y. (NEWS10) -- Renee Zellars started Sage's Heavenly Baked Goods in September 2021 as a home food processor. Now, she's opening up a storefront in Cambridge. Get the latest, news, weather, sports and community events delivered right to your inbox! "In July 2004, my parents were in a motorcycle accident," said Zellars. "I promised my mom who passed away from her injuries that one day I would have my own bakery. The name 'Sage’s' comes from my daughter who went to heaven when I went into labor early and delivered her on September 5, 2006."As a home food processor, Zellars was able to sell her non-perishable products from her home. In February 2023, she got the food license to sell refrigerated products. Off the Beaten Path: ExtraSpecialTeas Zellars had been looking around for a storefront to rent when she came across this location at 76 West Main Street in Cambridge. "The building was a perfect space, small enough but big enough to expand in the future," said Zellars....

Aviation Mall blood drive comes with chance at shark dive

Published Fri, 01 Nov 2024 06:39:27 GMT

QUEENSBURY, N.Y. (NEWS10) - A blood drive is set to be held at the Aviation Mall this week. On Friday, July 21, the American Red Cross of Northeastern New York will visit the mall by Regal Cinema. Get the latest, news, weather, sports and community events delivered right to your inbox! The drive runs from 1 to 6 p.m. on Friday. Those who want to donate can make an appointment online using the sponsor code AVIATIONMALLNY, or call 1-800-REDCROSS."The American Red Cross continues to see a concerning trend – blood donations are being sent to hospitals faster than they are coming in," the American Red Cross wrote in an announcement. "The Red Cross has collected about 50,000 fewer blood donations than needed. Donors are needed now more than ever to give blood or platelets to avoid a looming blood shortage." Charity tractor pull returning to WashCo fairgrounds Donors also get gifts in exchange. The Red Cross is giving out "Shark Week" T-shirts while supplies last, in collaboration with...

Construction company founder charged with grand larceny

Published Fri, 01 Nov 2024 06:39:27 GMT

SARATOGA SPRINGS, N.Y. (NEWS10) -- On July 13, Aaron Godlewski, 31, was arrested for grand larceny. Godlewski was arraigned in the City Court of Saratoga Springs and released to pre-trial services to appear at a later date. Get the latest, news, weather, sports and community events delivered right to your inbox! Godlewski is the founder of Godlewski Builders, a local-based construction company. According to the police, a victim reported they had hired the construction company to build a residence in Saratoga Springs. The victim learned a lien had been placed on their home and contacted the police.Investigations determined that the victim lost over $140,000. If you believe you are the victim of fraud after hiring Godlewski Builders, contact the Saratoga Springs Police Department.

Winning lottery tickets sold in Loudonville, Wynantskill

Published Fri, 01 Nov 2024 06:39:27 GMT

LOUDONVILLE, N.Y. (NEWS10) -- Two winning lottery tickets have been sold in the Capital Region. A TAKE 5 top prize ticket was sold in Wynantskill and a Powerball third-prize ticket was sold in Loudonville. Get the latest, news, weather, sports and community events delivered right to your inbox! The TAKE 5 ticket, worth $18,521, was sold at Fast Food Express at 132 Main Avenue for the July 17 midday drawing. The TAKE 5 drawing is televised twice daily at 2:30 p.m. and 10:30 p.m. The prize can be claimed up to one year from the date of the drawing.The Powerball ticket, worth $50,000, was sold at Price Chopper at 475 Albany Shaker Road for the July 17 drawing. The Powerball drawing is televised every Monday, Wednesday and Saturday at 10:59 p.m. No Powerball winner yet, jackpot hits $1 billion The New York Lottery contributed $3.6 billion in fiscal year 2021-22 to help support education in the state. New Yorkers struggling with a gambling problem, or who know someone who is, can vis...

Capital Region Chick-fil-a locations ready to open

Published Fri, 01 Nov 2024 06:39:27 GMT

NORTH GREENBUSH, N.Y. (NEWS10) -- Chick-fil-a locations in Clifton Park and North Greenbush are getting ready for their big opening this week. News10 got a sneak peek at the North Greenbush location including the kitchen, two lane drive-thru and dining room. Get the latest, news, weather, sports and community events delivered right to your inbox! Will Potts, owner and operator, said this is something the Capital Region has been looking forward to and he hopes new customers can see what makes the restaurant unique. "All of our proteins are made fresh in the restaurant," Potts said. "Everything here is high-quality ingredients, high-quality procedures as far as preparing our products. There's nothing pre-made, it's all made fresh in the restaurant itself. Our biscuits are hand-rolled here, it's all high-quality fresh ingredients that are serviced on a regular basis and our guests will definitely experience that difference when they come by." Chick-fil-a sets opening dates for Cl...

Illinois Supreme Court upholds SAFE-T Act, clears path for state to eliminate cash bail

Published Fri, 01 Nov 2024 06:39:27 GMT

SPRINGFIELD, Ill. (NEXSTAR) -- The Illinois Supreme Court ruled to uphold the SAFE-T Act, clearing the way for Illinois to be the first state to entirely eliminate cash bail.The court ruled 5-2 in its opinion on Tuesday to overturn a Kankakee County judge's ruling.A coalition of State's Attorney's sued the state over the law, alleging, among other things, that a constitutional amendment was needed to eliminate cash bail. The bail clause in the Illinois Constitution guarantees bail by "sufficient sureties." The Supreme Court agreed with the state that the SAFE-T Act does provide those sureties. Governor Pritzker signs law changing SAFE-T Act "The Illinois Constitution of 1970 does not mandate that monetary bail is the only means to ensure criminal defendants appear for trials or the only means to protect the public," Chief Justice Mary Jane Theis wrote in her opinion. "Our constitution creates a balance between the individual rights of defendants and the individual rights of crime ...

Teen motorcyclist hospitalized after I-270 crash Monday evening

Published Fri, 01 Nov 2024 06:39:27 GMT

CREVE COEUR, Mo. - One teenage motorcyclist is hospitalized after a crash Monday evening on Interstate 270 in St. Louis County. The crash happened around 7:30 p.m. in the southbound lanes of I-270 near Ladue Road. An 18-year-old male who was driving a motorcycle is hospitalized with serious injuries, according to the Missouri State Highway Patrol. Clerk shot and killed at St. Louis City gas station MSHP reports the motorcyclist was traveling at a high rate of speed when he attempted an improper pass. During that time, he struck the back of another car on the highway. The motorcyclist went off the right side of the road and was thrown off the vehicle moments after the crash. Investigators did not report any other injuries in the crash, though it led to lengthy traffic delays Monday evening. MSHP Troop C, which covers many counties in the St. Louis metropolitan area, is investigating the crash.