Tag Archives: $1.6

Social Security cost-of-living increase to raise benefits 1.6% in 2020

Social Security cost-of-living increase to raise benefits 1.6% in 2020Social Security's cost-of-living adjustment will raise benefits 1.6% in 2020. That's down from 2.8% in 2019 and in line with modest gains past decade



Yahoo News – Latest News & Headlines

Bernie Sanders to Unveil Plan to Cancel All $1.6 Trillion of Student Loan Debt

Bernie Sanders to Unveil Plan to Cancel All $  1.6 Trillion of Student Loan DebtSen. Bernie Sanders is set to stake out uncharted territory in the Democratic presidential primary, offering up a plan to completely eliminate the student loan debt of every American.



Yahoo News – Latest News & Headlines

Bernie Sanders unveils plan to forgive $1.6 trillion in student loan debt

Bernie Sanders unveils plan to forgive $  1.6 trillion in student loan debtTo fund his massive loan forgiveness plan and public investment in higher education, the Vermont independent will push for a new tax on Wall Street.



Yahoo News – Latest News & Headlines

Sanders to Propose Canceling $1.6 Trillion in Student Debt

Sanders to Propose Canceling $  1.6 Trillion in Student DebtSenator Bernie Sanders, one of the top-tier candidates for the 2020 Democratic presidential nomination, plans to unveil a proposal Monday to cancel all U.S. student loan debt.The College for All Act would cover $ 1.6 trillion in student debt and would affect 45 million Americans who would save on average about $ 3,000 a year. The entire plan would come with a price tag of $ 2.2 billion to the taxpayer, paid for by a 0.5 percent tax on stock trades, a 0.1 percent tax on bonds, and a 0.005 percent tax on derivatives.“In a generation hard hit by the Wall Street crash of 2008, [the plan] forgives all student debt and ends the absurdity of sentencing an entire generation to a lifetime of debt for the ‘crime’ of getting a college education,” the Vermont progressive plans to say in introducing the proposal.Sanders's plan is wider-ranging than that of his 2020 rival, Senator Elizabeth Warren, whose platform includes forgiving $ 50,000 in student debt for those now earning $ 100,000 or less, and some loan forgiveness for those earning more than that. Warren's plan would affect only 42 million people.Both Sanders and Warren also want to make public colleges and universities free for students. Sanders further wants to lower the interest rates on federal student loans, eliminating any profit the federal government earns from the loans, and to reform student-loan refinancing.



Yahoo News – Latest News & Headlines

Bernie Sanders calls for canceling $1.6 trillion in student loan debt

Bernie Sanders calls for canceling $  1.6 trillion in student loan debtU.S. presidential contender Bernie Sanders proposed a plan on Monday to cancel $ 1.6 trillion in student loans and pay for it with a tax on Wall Street, elevating the issue in the 2020 debate and going beyond proposals from his Democratic White House rivals. Sanders, an independent U.S. senator from Vermont, said his plan would wipe out college debt for 45 million Americans and be funded with a tax on stock, bond and derivatives transactions that would raise about $ 2.2 trillion over 10 years. The proposal builds on Sanders’ longstanding call to make public universities and colleges tuition-free, an issue he has highlighted since his first presidential run in 2016.



Yahoo News – Latest News & Headlines

1 winning Mega Millions ticket sold worth $1.6 billion

1 winning Mega Millions ticket sold worth $  1.6 billionOne Mega Millions winning ticket worth $ 1.6 billion was sold in South Carolina, lottery officials say.



Yahoo News – Latest News & Headlines

Players on edge for record $1.6 billion jackpot in Mega Millions drawing

Players on edge for record $  1.6 billion jackpot in Mega Millions drawing“A big mistake people think: this is a lot of money so let me help everyone,” Laurie Ruckel, a trusts and estates lawyer at Loeb & Loeb law firm in New York, said on Tuesday. The lump sum cash payout is estimated at $ 354.3 million.



Yahoo News – Latest News & Headlines

One winning ticket in record $1.6 bln US lotto jackpot

One winning ticket in record $  1.6 bln US lotto jackpotA single winning ticket has been identified in the record-setting $ 1.6 billion Mega Millions lottery jackpot, organizers said Wednesday. A single ticket holder in South Carolina will claim that bounty, Mega Millions said on its website. Mega Millions said the jackpot is not only a US record but a worldwide lottery record.



Yahoo News – Latest News & Headlines

Players on edge for record $1.6 billion jackpot in Mega Millions drawing

Players on edge for record $  1.6 billion jackpot in Mega Millions drawingThe Mega Millions drawing was held on Tuesday night with a record-setting $ 1.6 billion prize on line that has Americans dreaming of buying homes, cars, helping financially strapped friends and family and early retirement. The lucky numbers 5, 28, 62, 65, 70 and the Mega Ball 5 were drawn on Tuesday night. The Mega Millions jackpot and a Powerball lottery prize that stands at $ 620 million, have spread lottery fever across the United States in recent days.



Yahoo News – Latest News & Headlines

One winning lottery ticket sold in U.S. for $1.6 billion jackpot – lottery official

One winning lottery ticket sold in U.S. for $  1.6 billion jackpot - lottery officialOnly one ticket matches all six numbers in the Mega Millions lottery draw in the United States for a jackpot worth a record-setting $ 1.6 billion, a lottery official said early on Wednesday. The ticket, sold in South Carolina, matched the five numbers 5, 28, 62, 65, 70 and the Mega Ball 5 that were drawn on Tuesday night, a Mega Millions spokeswoman said. The buyer of the ticket beat the odds of 1 in 303 million to win the Mega Millions drawing for the largest jackpot in U.S. history.



Yahoo News – Latest News & Headlines