Tens of millions of Americans will have up to $20,000 in federal student loan debt forgiven by President Biden, a move that would offer borrowers unprecedented relief but is guaranteed to face legal challenges and political backlash. The president said Wednesday that he will forgive $10,000 in federal student loan debt for borrowers earning less
Financial markets were concerned about ongoing global cost pressures on Tuesday, which led to a decline in Asian shares. This week, investors will be paying attention to U.S. inflation data and the possibility of further aggressive Federal Reserve rate hikes. The July U.S. consumer price report is coming on Wednesday, and the surprisingly positive U.S.
Many Americans are preparing for an economic downturn even as experts disagree on whether the U.S. is about to enter one. According to a survey by Allianz Life Insurance Company of North America, 66 percent of Americans are concerned that a significant recession is just around the corner, up from 48 percent who thought the