MSNBC financial guru Suze Orman wants relief for college graduates facing debt from student loans.
Los Angeles Congresswoman Karen Bass has been pushing for student loan debt relief. Tuesday on Capitol Hill, she and two other House Democrats turned to financial guru Suze Orman to champion their cause. Orman had some ideas of her own.
Bass has introduced a bill that gives borrowers a break after they’ve paid back federal student loans for ten years — if they've kept current on payments. "After ten years," Bass said, "that loan would be forgiven up to $45,000."
The bill would also cap interest rates for federal loans at the current 3.4 percent, rather than wait for an annual vote from Congress. Unless Congress acts by July 1st, the rate will double. The Bass bill would also suspend interest rates while the borrower is unemployed.
Orman told a room full of young Congressional staffers that the issue of student loan debt keeps showing up on her weekly financial advice show on MSNBC.
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In his final State of the City address Tuesday, Los Angeles Mayor Antonio Villaraigosa lashed out at the two candidates seeking to succeed him for their lack of “serious discussion” about education reform. (You can watch the full speech video above.)
“Education can’t be a footnote on a campaign mailer or fodder for an attack ad,” Villaraigosa said in his speech at UCLA’s Royce Hall.
“It's time for our candidates to demonstrate the ‘fierce urgency of now’ when it comes to ensuring that all of our children have access to great schools.”
RELATED: Villaraigosa's legacy for LA
City Councilman Eric Garcetti and City Controller Wendy Greuel have focused less on education than other issues. The mayor has no direct control over the Los Angeles Unified School District. But Villaraigosa wielded considerable influence over public schools by raising millions of dollars to help elect school board members and creating an education partnership that now operates nearly two dozen campuses.
City Council runoff rivals Jose Gardea and Gil Cedillo will face off in back-to-back debates on issues affecting the First District later this month — first in English, then in Spanish.
During the primary, candidates for the First District council seat participated in a forum in English, with translation provided from the sidelines, said Monica Alcaraz, president of the Historic Highland Park Neighborhood Council. The district, which extends from Northeast L.A. to the Pico-Union area, includes a large percentage of Latino residents and Spanish speakers.
"People were asking us why we don't have the debate in Spanish, because things get lost in the translation," Alvarez said.
The answer was to present two debates, she said. She's looking for a bilingual moderator to handle both hour-long debates on April 27 at the Highland Park Recreation Center. The English version is at 10 a.m., the Spanish at 11:30 a.m.
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Rep. Adam B. Schiff (D-CA), who represents parts of the San Fernando and San Gabriel valleys, is being targeted by a political action committee that goes after what it believes are entrenched members of Congress.
In case you haven't noticed: the 2014 Congressional campaign season is in full swing.
The Campaign for Primary Accountability is a political action committee that targets members of Congress it believes are too entrenched.
The PAC isn't partisan — it goes after members of Congress from both parties. And next year its list includes Burbank/West Hollywood Democrat Adam Schiff.
Schiff's been around a few years, first elected in 2000. And according to the Campaign for Primary Accountability, that's too long on Capitol Hill. The group, primarily funded by Texans with deep pockets, has targeted five incumbents.
The group's spokesman, Curtis Ellis, told "The Hill" that Schiff is a "center-right, almost Blue Dog-type guy," running in "one of the brightest blue districts in America." He added the group will pour money in the race if "someone steps forward there who's more truly representative of that district."
The LA Weekly explores the Greuel campaign's internal power struggle.
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Today is Tuesday, April 9, and here is what's happening in Los Angeles:
LA Weekly takes a look at the inner workings of the Wendy Greuel mayoral campaign. "The Garcetti campaign has more spring in its step. The Greuel campaign clearly has had a metamorphosis. Whether or not seven weeks is enough time to re-create the aura of inevitability, I'm not sure," said Eric Bauman, chair of the L.A. County Democratic Party.
Residents of Vernon will vote on three tax measures today in an effort to close a $8 million deficit, reports the Los Angeles Times. The measures are: a business license tax, parcel tax and utility users tax. The city has 70 registered voters.