The impact and history of autos in Detroit, The Motor City Here are some facts about Detroit’s auto industry. Rep. Bill Huizenga introduced the Made in America Motors Act, proposing a tax deduction on interest paid on U.S.-assembled vehicle loans. The proposed deduction allows up to $2,500 per year for vehicles under 14,000 pounds purchased
00:00 Speaker A Now, finance continues its coverage here at the Milken conference in California. Of course, education very much in focus here on the ground. I had a great conversation with Apollo Global Management CEO Mark Rowan. Said saying he would like to see changes to higher education. Of course, I also had a
In brief Payments service Strike allows customers to buy, sell, and trade Bitcoin. The company is now giving loans to eligible customers who use their Bitcoin as collateral. Eligible U.S. customers can get 12-month loans starting at a minimum of $75,000, and capped at $2 million. Bitcoin-backed loans are now available for Strike’s American customers,
If you’re wondering when interest rates on credit cards and car loans will start falling again, don’t hold you breath this week when the Federal Reserve’s policy committee meets. Interest-rate traders see little chance that the Fed will lower interest rates at the end of Wednesday’s meeting or the following one. That means Americans won’t
The Department of Energy is working with Bank of America to evaluate the market value of its clean energy loans, according to DOE officials, a move that could signal interest in selling the loans and mark a major shift for the federal government. DOE political appointee Travis Boeker requested a meeting with Bank of America
SALT LAKE CITY — Collections for student loans resumed on Monday, and for those who haven’t made a payment in more than 360 days, the Department of Education says your loans may be in default. More than 5 million borrowers are in default according to the Trump Administration, with their collections having been paused since
Getty Image/Zooey Liao/CNET All of the confusion surrounding higher student loan payments and wage garnishment has experts warning borrowers to beware of scammers preying on your desperation. Elaine Rubin, a student loan policy expert, says borrowers should be on high alert for student loan scams offering to lower their payments, get their debt canceled or make sure their wages
Ryan Hanrahan | Farmers’ Advance ‘May Day’ protests push back against Trump administration policies “May Day” protesters across the U.S. rallied against President Donald Trump’s policies and billionaire Elon Musk’s influence over the White House. Reuters’ Leah Douglas and P.J. Huffstutter reported that “farm loan employees at the U.S. Department of Agriculture’s Farm Service Agency will
Millions of student loan borrowers could face a wake-up call Monday as the Department of Education resumes collecting on school loans. The restart of collections comes as data from a recent analysis shows delinquency rates are at an all-time high. After nearly five-years since the U.S. government first paused federal student loan payments and interest
Writing a donation check to a charitable organization getty In March 2025, the U.S. Tax Court delivered a pivotal ruling in Estate of Galli v. Commissioner (T.C. No. 7003-20 and 7005-20), establishing that a $2.3 million transfer from a mother to her son was a legitimate loan—not a gift—because it adhered to the criteria set