Poverty alleviation

Australian money

Australia to slash $10 billion off student debt amid cost of living pressures

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Australian Prime Minister Anthony Albanese has said that his government plans to cut student loans for around three million Australians by 20%, wiping off around $10 billion USD in debts. The move builds on May’s budget, which attacked cost of living pressures in Australia and gave debt relief for students, as well as more investment to make medicines cheaper, and a boost to a rent assistance program. The changes would mean the average graduate with a loan of A$27,600 would have A$5,520 wiped, the government said, adding that they would take effect from June 1, 2025.

Doctor with Red Ribbon for December World Aids Day

Biden administration adds injectable PrEP requirement for insurance providers

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The Biden-Harris administration has announced a new requirement for insurance providers to cover injectable PrEP in their policies without a co-payment for consumers. The new rule, built on previous guidance for the Affordable Care Act, also applies to increased choice in contraception. The Biden-Harris administration announced Monday a new requirement for insurance providers to cover injectable PrEP in their policies without a co-payment for consumers. PrEP, or pre-exposure prophylaxis, was first approved by the FDA in 2012 to prevent people exposed to HIV from becoming infected with the virus. Truvada in pill form was the first prescriptive PrEP to hit the market, followed by Descovy. The injectable PrEP Apretude was approved in 2021.

Virus up close

‘Gamechanger’ HIV prevention drug to be made available cheaply in 120 countries

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Gilead Sciences says it has signed agreements with six manufacturers to make and sell generic lenacapavir in 120 “high-incidence, resource-limited” countries. Lenacapavir, given as a twice-yearly injection, has shown strong results for HIV prevention. It stopped infection in a trial involving girls and women in South Africa and Uganda, and offered almost complete protection in a second trial that mainly involved men across Argentina, Brazil, Mexico, Peru, South Africa, Thailand, and the U.S.

Mickey and Minnie Mouse at Disneyland

Disneyland unions agree to ‘historic’ 31% pay raise

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Master Services Council, which represents 14,000 Disneyland, Disney California Adventure, and Downtown Disney employees from four unions, announced its members had voted to accept a new contract that provides a 31% pay raise over the next three years.
The “biggest wage increases ever” for Disneyland resort employees will raise hourly pay more than $6 over three years from the current $19.90 to $24 in 2024 and $26 in 2026, according to the unions.

Credit cards in front of laptop

United States to ban medical debt from credit reports

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In a sweeping change that could improve millions of Americans’ ability to own a home or buy a car, the Biden administration proposed a rule to ban medical debt from credit reports. The rule, announced by Vice President Kamala Harris and Consumer Financial Protection Bureau Director Rohit Chopra, comes as President Joe Biden beefs up his efforts to persuade Americans his administration is lowering costs, a chief concern for voters in the upcoming election.

IRS tax filings

U.S.’s Internal Revenue Service to make its free tax filing program permanent

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A pilot version of the online program, known as Direct File, launched earlier this year. It provides step-by-step guidance to taxpayers filing their federal tax returns.

A pilot version of the online program, known as Direct File, launched earlier this year. It provides free step-by-step guidance to taxpayers filing their federal tax returns. Last year, more than 140,000 people across 12 states successfully filed their federal tax returns using Direct File, exceeding the agency’s expectations. Next year, the IRS plans to allow some taxpayers in all states and Washington, DC, to use the program.

Person holding graduation cap up to sun

Biden administration cancels $7.7 billion in student debt for 160,500 Americans

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The White House has approved $7.7 billion of student debt cancellation for 160,500 borrowers, part of its ongoing effort to provide relief after the Supreme Court last year blocked President Joe Biden’s plan for broad-based college loan forgiveness. With the latest round of forgiveness, the administration has erased a total of $167 billion in student loans for 4.75 million people, or about 1 in 10 student loan borrowers.

Packages of diapers

Tennessee to become the first U.S. state to provide some children’s diapers

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According to the National Diaper Bank Network, 92% of families receiving diapers in Tennessee are working and still unable to afford an adequate supply of diapers. However, it was just announced that the state’s Medicaid program will officially start covering 100 diapers a month for newborns, infants, and one-year-olds in August 2024, becoming the first U.S. state to do so.

Technicians carrying photovoltaic solar module while installing solar panel system on roof of house

U.S. President Joe Biden announces $7 billion in federal solar power grants

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President Biden marked Earth Day by announcing $7 billion in federal grants for residential solar projects serving 900,000-plus households in low- and middle-income communities. The projects are expected to eventually reduce emissions by the equivalent of 30 million metric tons of carbon dioxide and save households $350 million annually, according to senior administration officials.

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