Biden administration
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(3)Education Department to delay collections on defaulted student loans
The Education Department plans to postpone the collection of defaulted student loans, a move that will provide financial relief to borrowers struggling with repayments. This delay aims to ease the burden on individuals who have fallen behind on their federal student loan obligations, likely impacting millions of Americans.
U.S. halts UK tech trade deal negotiations, FT reports
The U.S. has reportedly paused discussions with the UK regarding a digital trade agreement, a move that could temper hopes for closer economic ties between the two nations post-Brexit. This decision comes amidst a broader reassessment by the Biden administration of new trade deals following criticism from labor groups and some lawmakers.
Trump administration moves to scrap Biden-era student-loan repayment plan
The Trump administration is reportedly preparing to eliminate the Biden-era student loan repayment plan, known as the SAVE plan. This move, if implemented, would reverse a program designed to offer more affordable monthly payments and potentially accelerate loan forgiveness for millions of borrowers, signifying a significant shift in federal student loan policy.
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