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450K borrowers say they were ripped off. Their student loans are being erased

The long legal battle to erase the debts of nearly half a million federal student loan borrowers who say they were defrauded by their colleges is finally coming to an end, after a recent court ruling in a lawsuit that…
Educational News

How high hopes for Biden’s student-loan forgiveness plans cost borrowers

When then-President Joe Biden announced his first federal student loan forgiveness plan in August 2022, he predicted that it would lift tens of millions of Americans out of longstanding debt. A new study suggests that the promises associated with the thwarted plan contributed…
Government News

Tariff refunds push US June budget deficit to $120 billion

WASHINGTON, July 13 (Reuters) – Growing refunds ‌from President Donald Trump’s tariffs, after they were ruled illegal, pushed the June federal budget deficit to $120 billion, the U.S. Treasury Department said on Monday, a sharp reversal from the $27 billion…
Bankruptcy News

US corporate bankruptcies hover at 16-year high: S&P

The number of larger U.S. private and public companies that filed for bankruptcy protection ticked up to 372, the highest since 2010, according to S&P Global. Dive Brief: The total number of larger U.S. corporate bankruptcy petitions filed this year through June…
Editorial News

Fidelity says 2026 retirees may spend $185,500 on healthcare. One category may push those costs higher

A 65-year-old who retires in 2026 may spend an average of $185,500 on health and medical expenses in retirement, according to a new estimate from Fidelity Investments — a price tag that the research shows is unexpectedly high for many retirees. The figure is…
Bankruptcy News

Wall Street banks point to resilient US consumer as loan growth picks up

July 15 (Reuters) – Wall Street’s largest banks struck a reassuring tone on U.S. consumer health, citing steady spending, rising loan balances and healthy credit quality that suggest households remain resilient despite growing economic uncertainty. The U.S. consumer is on…
Legal News

CNBC and New York Stock Exchange Extend Longstanding Partnership

Englewood Cliffs, N.J. & New York, N.Y., July 22, 2026 — CNBC and the New York Stock Exchange (NYSE), today announced the renewal of their longstanding partnership, marking more than 30 years of collaboration at the intersection of global markets and…
Editorial News

More states try to give patients relief from medical debt

Many Americans are struggling to afford healthcare. Legislators in at least six states this year have approved measures related to patient medical debt, according to a report on legislative policy trends released Wednesday by United States of Care, a nonpartisan think…
Educational News

As Defaults on Student Loans Surge, Millions Are Trying to Get Their Lives Back on Track

According to an Associated Press analysis, more than 4.2 million people across the country defaulted on student loans between April 2025 and March 2026 Life after college did not go as Ashley Dreahn planned. After starting out as a teacher,…
Government News

Treasury yields move lower as traders weigh U.S.-Iran tensions

Treasurys fell on Thursday after the previous session’s yield spike as traders weighed new economic data and sought to look beyond the renewed hostilities in the Middle East. The key 10-year U.S. Treasury note yield — the main benchmark for mortgage borrowing, auto loans…