Tax Borrowing Spending

Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt

The Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers.

Business - CNBC - October 17

Biden extends student loan payment pause by 6 months for 8 million SAVE plan borrowers

Student loan payments for some 8 million borrowers will remain on pause for six months or longer, a spokesperson for the U.S. Department of Education said.

Business - CNBC - October 21

America’s economy looks strong. So why is Wall Street worrying about renters and younger borrowers?

It isn’t only subprime — renters and younger borrowers are weaker spots in an otherwise solid backdrop for consumer debt.

Business - MarketWatch - October 21

Borrowers on the SAVE plan will be in forbearance for at least 6 more months—what to know if you're enrolled or want to apply

Borrowers can once again apply for the new Saving on a Valuable Education plan, but it's unclear if and when the benefits will go into effect.

Business - CNBC - October 22

Student-loan borrowers facing financial hardship could get debt forgiveness — if Biden’s new plan survives

Student-loan borrowers struggling financially may have a path toward debt relief if the Biden administration gets its way.

Business - MarketWatch - 5 days ago

Biden's latest student debt plan would create forgiveness path for borrowers facing financial ruin

The Biden administration introduced a proposal to deliver student loan forgiveness to millions of people experiencing devastating financial hardship.

Business - CNBC - 5 days ago

8 million student loan borrowers would qualify for relief under Biden 'hardship' rules

The Biden administration announced on Friday proposed rules to give student debt relief to borrowers experiencing “hardship” in the president’s latest attempt to forgive student loans. The ...

Politics - The Hill - 5 days ago

UK borrowing costs hit post-election high on eve of Reeves’ first Budget

Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990s

Business - Financial Times - 14 hours ago

Gambling stocks hit by fears of UK Budget tax grab

Ladbrokes owner Entain falls 8% while Flutter loses 6%

World - Financial Times - October 14

Reeves signals business taxes will rise in Budget

Chancellor says companies understand government must make ‘difficult decisions’ to balance books

Business - Financial Times - October 14

Don’t bet on a taxing outcome for UK gambling companies

Fears that money would flow from the regulated sector has long deterred action against the industry

Business - Financial Times - October 14

Flutter chief warns on US betting tax rises

FanDuel owner says punitive duties could push customers towards unlicensed operators

Business - Financial Times - October 15

5 things to know about Harris and Trump on taxes

Tax policy is set to take center stage after the election, as major portions of the tax code are due to expire by the end of 2025. Key portions of former President Trump's Tax Cuts and Jobs Act — ...

Politics - The Hill - October 15

Hong Kong slashes tax on spirits to boost nightlife

Chinese territory’s chief executive John Lee tries to turn around economy amid fall in tourism and consumption

Business - Financial Times - October 16

Trump Keeps Promising New Tax Cuts. Other Republicans Are Wary.

Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.

Business - The New York Times - October 17

Tourism hotspot cuts council tax on second homes

Councillors vote to cut council tax premium, six months after a higher rate of 200% was brought in.

Beard taxes and other lessons for Rachel Reeves

The chancellor could find new ways to raise money — or she could just broaden the tax base

World - Financial Times - October 18

Reeves looking at sweeping inheritance tax changes in Budget

UK chancellor considers extending ‘seven year rule’ on gift giving to 10 years among other reforms

Business - Financial Times - October 18

Reeves looks to keep ‘stealth tax’ freeze on thresholds

Budget move on individual income could raise £7bn a year towards plugging £40bn fiscal shortfall