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Sanders Seeks To Block Social Security Garnishment For Student Debt

Sen. Bernie Sanders has proposed legislation that would prevent the federal government from withholding Social Security benefits from older Americans and people with disabilities to repay defaulted federal student loans.

Sanders announced the Stop Social Security Garnishment Act on Monday. The bill is backed by Democratic Sens. Elizabeth Warren and Ed Markey and is expected to be formally introduced when the Senate returns next month.

Millions Of Borrowers Are In Default

Nearly 9.5 million federal student loan borrowers were in default as of March, according to an Associated Press analysis of federal data. Sanders said nearly one in four borrowers cannot repay their loans and could face wage or Social Security garnishment.

Around 9.6 million borrowers aged 50 and older hold nearly $457 billion in outstanding student debt, according to Education Department data.

Collections Remain Paused

The proposal comes as the Trump administration has paused involuntary collections from borrowers in default.

In June 2025, the administration said it would not reduce Social Security benefits for affected borrowers, reversing an earlier plan to resume collections after pandemic-era protections ended. In January, the Education Department also announced a delay in wage garnishment and other involuntary collections while new repayment options were being implemented.

Borrowers in default have meanwhile been given more time to rehabilitate their loans and return to repayment.

What Sanders’ Bill Would Change

If passed, the legislation would prohibit the government from garnishing Social Security retirement and disability benefits to repay federal student loans. The measure would also protect older borrowers from forced collections that could affect their ability to pay for healthcare, medicine and other basic needs.

“In the richest country in the history of the world, no senior should have their Social Security payments taken away from them to pay back student debt,” Sanders said.

The proposal would not erase student debt, but would prevent Social Security benefits from being used to collect it.

Paramount Closes $110 Billion Warner Bros. Discovery Deal, Creating Skydance Entertainment Giant

Paramount has completed its $110 billion acquisition of Warner Bros. Discovery, bringing together two of the most powerful names in media under a new combined company, Skydance. The deal, announced Tuesday, creates one of the largest entertainment mergers ever completed and reshapes the competitive landscape across streaming, film, television and cable.

A New Power Center In Global Entertainment

The combined company unites Paramount+ and HBO Max, alongside a broad portfolio of networks that includes CBS, CNN, MTV, TBS, Comedy Central and Food Network. It also gives Skydance control over some of the industry’s most valuable franchises, including The Lord of the Rings, Game of Thrones, the DC Universe and Yellowstone.

For the industry, the scale of the transaction is as significant as the assets themselves. In an era defined by streaming competition and rising content costs, ownership of established intellectual property has become a strategic advantage akin to controlling a premium distribution network in a previous media cycle.

Ellison Expands His Influence

The merger places one of the world’s largest entertainment studios under the control of David Ellison, who only last year completed the combination of Skydance Media and Paramount. With this latest transaction, Ellison is accelerating his rise as one of Hollywood’s most influential executives.

The Ellison family remains Skydance’s largest shareholder, backed by the financial power of Larry Ellison, the Oracle co-founder and David Ellison’s father. That support gives the company considerable flexibility as it integrates two sprawling media businesses and seeks to compete more aggressively across platforms.

Legal Hurdles Cleared Before Closing

The deal’s completion follows settlements with a coalition of U.S. states and a Hollywood writers’ union, removing the principal legal obstacles that had threatened to delay or derail the merger.

Paramount first announced in February that it would pursue Warner Bros. Discovery after a bidding contest with Netflix, which had earlier struck its own agreement to acquire Warner Bros.’ film and television studios and streaming operations, excluding the cable networks. Paramount strengthened its offer by promising shareholders additional cash if the deal failed to close by a set deadline and by agreeing to cover the breakup fee owed to Netflix.

What Skydance Says Comes Next

“Today is a historic day, not just for Skydance but for our entire industry,” Ellison said in a statement. “From the start, our ambition was to bring these two storied studios together and create a stronger competitor, with the talent, resources, and reach to tell great stories in every genre, on every platform, for audiences everywhere. Our focus now turns to the future: building a company that empowers creatives, entertains audiences and rewards shareholders. We couldn’t be more excited to get to work.”

Skydance said the combined company will generate nearly $70 billion in annual revenue. The company’s Class B shares are set to begin trading on the New York Stock Exchange today under the ticker symbol SKYD.

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