Exploring Biden's 'Save Plan', Tightening Credit Standards, and Trump's Legal Costs | Weekly Business Briefs w/ Martin Perdomo
August 2, 2023 | Your weekly dose of real estate housing market updates in under one minute!
Curious about President Biden's new 'Save Plan' for student loans? Wonder what these tighter credit standards reported by banks mean for the economy? Seeking the inside scoop on Trump's surging legal costs? This episode offers a deep-dive into all these burning questions. We explore the controversial ‘Save Plan’, an income-driven repayment option aimed to alleviate the burden on federal borrowers, but it's not without its own legal concerns. We also discuss the implications of recent Federal Reserve surveys revealing tighter credit standards and weaker loan demand, which might signal a slowing of the nation's financial gears due to the central bank's interest rate hikes.
Additionally, we delve into the hefty legal expenses encountered by former President Trump's political committee, and the establishment of a fresh legal defense fund to offset these escalating costs. Join us for a thought-provoking discussion on this critical subject matter and share your perspective in the comments section. Don't forget to hit like and subscribe to stay updated on the latest business happenings. This episode guarantees a wealth of insights and a fresh perspective on the ever-changing business landscape.
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