Latest in Biden forgives $4.28 billion in student debt for 54,900 borrowers
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Biden Withdraws Proposed Regulations on Student Loans and Trans Athletes
The decision to withdraw the regulations seemed to be an acknowledgment that they would go nowhere under the Trump administration.The New York Times - 1h -
Biden administration withdraws proposed regulations on transgender athletes, student debt
The Biden administration on Friday withdrew a pending regulation governing transgender athletes, abandoning an effort to provide some protections for transgender students that the incoming Trump ...The Hill - 2h -
White House starts scrapping pending regulations on transgender athletes and student debt
The Department of Education said it was withdrawing the proposal because of ongoing litigation over how Title IX should handle issues of gender identity.NBC News - 3h -
Biden forgives $4.28 billion in student debt for 54,900 borrowers
The Biden administration announced on Friday that it would forgive another $4.28 billion in student loan debt for 54,900 borrowers who work in public service.CNBC - 9h -
Democrats dodge a debt ceiling deal
After years of decrying GOP hostage-taking, they're balking at Donald Trump's request for a clean increase to the borrowing limit.Politico - 1d -
7 home equity borrowing mistakes new homeowners should avoid now
If you recently purchased your home and are planning to tap into the equity, be sure to avoid these mistakes.CBS News - 6h -
Biden pulls the plug on mass student-debt cancellation after rushing $4.28 billion in relief
Tens of thousands of public servants will have $4.28 billion in student debt canceled, the Biden administration announced Friday.MarketWatch - 10h -
Biden canceling student loan debt for 55K public service workers
President Biden announced on Friday he would be canceling more student debt for tens of thousands of public service workers, possibly his last major move on the issue before leaving office in a ...The Hill - 12h -
Biden issues likely last round of student debt forgiveness before leaving office
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.CBS News - 12h -
The Fed’s rate cuts were supposed to make borrowing cheaper. So why is it harder than ever to buy a house?
The Federal Reserve’s interest-rate cuts have done little to help home buyers and sellers.MarketWatch - 15h -
Government borrowing at three-year low for November
Public sector borrowing was £11.2bn last month, the lowest November figure since 2021.BBC News - 16h -
Trump calls for abolishing the debt ceiling
President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he came out against a deal reached by congressional lawmakers to fund the government before ...NBC News - 1d -
Fed cuts interest rates, delivering relief for borrowers
The rate decision follows two consecutive months of rising inflation.ABC News - 2d -
UK borrowing costs climb as ‘stagflation’ fear stalks gilt market
Stubborn inflation and stalling growth have driven yields back to the highs reached after October’s BudgetFinancial Times - 2d -
Federal student loan forgiveness opportunities lost to those who refinance, CFPB warns
With the Federal Reserve's recent cuts to interest rates, more federal student loan borrowers are wondering if they should refinance. The CFPB has warnings.CNBC - 3d -
Databricks announces $10 billion financing at $62 billion valuation
The company's new valuation is up from $43 billion in 2023.CNBC - 3d -
Biden Administration Agrees to Record $15 Billion Loan to PG&E
The Energy Department loan would finance the California utility’s efforts to upgrade the power grid and reduce emissions.The Wall Street Journal - 3d -
Biden's student loan forgiveness ‘Plan B’ is in its ‘last step,’ expert says. What borrowers need to know
With weeks to go before President-elect Donald Trump takes office, the Biden administration is still taking steps to deliver sweeping student loan forgiveness to millions of Americans.NBC News - 4d -
Biden's student loan forgiveness 'Plan B' is in its 'last step,' expert says. What borrowers need to know
The Biden administration is still taking steps to deliver sweeping student loan forgiveness to millions of Americans.CNBC - 4d -
‘I take pride in being debt-free’: My husband owes thousands of dollars in student loans and credit-card debt. Will I be on the hook if he dies?
“We own a house together through a joint trust, but our bank accounts and credit cards are all held separately.”MarketWatch - 5d -
Bluesky: the tech hotshot that’s old, new, borrowed and blue
The social network offers a near facsimile of Elon Musk’s X that’s friendlier to users, if not necessarily investorsFinancial Times - 5d -
How to succeed with debt relief
By taking the right steps now, you can set the stage for lasting financial freedom in the future.CBS News - Dec. 12 -
3 expensive credit card debt forgiveness mistakes to avoid right now
If you're trying to have your credit card debt forgiven, make sure to avoid these big (but common) missteps.CBS News - Dec. 12 -
3 signs you should pursue credit card debt forgiveness before 2025
If any of these signs resonate with you, it may be time to start the credit card debt forgiveness process.CBS News - Dec. 11 -
4 reasons to borrow home equity before the new year, according to experts
Using your home equity now could pay off in 2025, experts say. Here's how.CBS News - Dec. 10 -
German union boss urges Berlin to scrap borrowing cap to safeguard economy
IG Metall chair Christiane Benner addresses thousands of VW workers striking over planned closure of several plantsFinancial Times - Dec. 9 -
3 home equity borrowing mistakes seniors should avoid now
Home equity borrowing needs to be approached carefully by seniors. Here are three mistakes to avoid when doing so.CBS News - Dec. 9 -
4 reasons to pursue credit card debt forgiveness this December
There are multiple reasons why you may want to pursue credit card debt forgiveness now. Here are four to know.CBS News - Dec. 9 -
Biden administration announces almost $1 billion in additional weapons support for Ukraine
The Biden administration announced on Saturday nearly $1 million in arms support for Ukraine, the Department of Defense said in a press release. The $988 million assistance package will provide the ...The Hill - Dec. 7 -
I’m 69 and have $10,000 in legal bills from my divorce. Is now the time to borrow from my IRA?
“I never dreamed I’d be in this position.”MarketWatch - Dec. 7 -
How Much Did Trump, Biden and Harris Raise? A Stunning $4.7 Billion.
That figure, which includes totals from the three presidential contenders’ main allied groups, emerged in the final federal filings of a staggeringly expensive campaign.The New York Times - Dec. 6 -
Biden administration under pressure to forgive more student loan debt before Trump takes office
With just a little more than a month and a half left in office, President Joe Biden is under pressure to forgive more student loan debt.CNBC - Dec. 5 -
2 smart ways to borrow money for 2025 (and 2 risky ones)
Borrowers in need of some extra money should be aware of these smart (and risky) options heading into 2025.CBS News - Dec. 5 -
My friend declared bankruptcy. Can creditors still go after him for child support, back taxes and student debt?
“Most of those old debts are credit-card debts.”MarketWatch - Dec. 4 -
Powell's debt warning
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Powell warns US on 'unsustainable' path Federal Reserve Chair Jerome Powell ...The Hill - Dec. 4 -
Student loan borrowers may find bankruptcy harder under Trump
The Biden administration's more lenient policy toward student loan borrowers filing for bankruptcy may come to an end with the election of Donald Trump.CNBC - Dec. 4 -
Johnson rejects Biden request for $24 billion on new Ukraine aid
House Speaker Mike Johnson on Wednesday rejected a White House request to pass $24 billion in additional aid for Ukraine by the end of the year, saying any further assistance for Kyiv would be ...The Hill - Dec. 4 -
Driver begs for forgiveness amid 25-year sentence for DUI crash that killed bride on wedding day
A South Carolina judge on Monday handed down a 25-year sentence to the drunk driver who hit and killed a bride on her wedding night in 2023. CBS News correspondent Skyler Henry has more on the ...CBS News - Dec. 3 -
6 HELOC borrowing mistakes to avoid this December
Borrowing against your home equity is a smart option right now, but there are some big mistakes to avoid if you do.CBS News - Dec. 2 -
3 reasons to consider credit card debt forgiveness this December
This month could be an ideal time to settle your credit card debt for less than what you owe. Here's why.CBS News - Dec. 2
