With so much talk these days of when or whether President Biden will broadly cancel student debt – and with payments and interest on that debt paused for more than two years – it’s easy to forget that the federal student loan system remains unchanged. And one part of that […]

US unemployment rate expected to fall to 3.5% in April The U.S. unemployment rate likely dropped to its pre-pandemic low of 3.5% in April, while job growth moderated to a still brisk pace amid widespread worker shortages, underscoring the challenge the Federal Reserve faces to curb high inflation. The Labor Department’s closely watched employment […]

President Biden says that he is taking a “hard look” at student debt relief, which probably means that some significant relief is coming. For one thing, Biden promised relief during the 2020 campaign. For another, it’s one progressive priority he can address by executive action, which is important given the […]

A top Democratic lawmaker said that progress was being made to push the White House to cancel student loan debt. “I have told the president, this is one of the most important things he can do to help our economy grow,” Senate Majority Leader Chuck Schumer (D-NY) said at the […]