A group of seven GOP-led states on Tuesday sued to block the Biden administration’s latest effort to provide student loan forgiveness. The lawsuit, led by Missouri Attorney General Andrew Bailey, accuses Education Secretary Miguel Cardona of trying to unlawfully provide $73 million in student debt relief overnight with hundreds of billions more to follow. “This … Read more
The Bank of England (BoE) moved closer to cutting interest rates from a 16-year high after a second policymaker voted for lower borrowing costs and Governor Andrew Bailey said he was “optimistic that things are moving in the right direction.” Deputy Governor Dave Ramsden joined external member Swati Dhingra in calling for an immediate cut … Read more
US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images The aid package is narrower Biden’s 2020 campaign promise to erase student debt was thwarted at the Supreme Court in June. The majority-conservative court ruled that Biden didn’t have … Read more
The exterior of the Bank of England in the City of London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The Bank of England on Friday announced a “once in a generation” overhaul of its inflation forecasting following a long-awaited review by former Federal Reserve Chair Ben Bernanke. The review — initiated following criticism of … Read more
