July 5, 2025

administration

Funds

Wisconsin sues Education Department over youth mental health fund cuts

Senators grill Education Secretary Linda McMahon over proposed cuts Education Secretary Linda McMahon testified to Congress over proposed budget cuts. Wisconsin Attorney General Josh Kaul has joined a multistate lawsuit against the U.S. Department of Education after it abruptly terminated $1 billion in five-year grants, including $10 million in Wisconsin, meant to support school-based mental

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Funds

Lower Hudson NY after-school programs in danger as federal funds stop

President Trump’s big bill passes Senate with help from JD Vance President Donald Trump’s amended bill was narrowly passed by the Senate, with Vice President JD Vance’s vote breaking the 50-50 tie. The Trump administration may eliminate federal funding for the 21st Century Community Learning Centers, impacting after-school programs nationwide. The cuts will affect nearly

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Funds

Trump administration freezes $6.8 billion in federal education funds; California hit hard

The Trump administration on Monday moved to withhold a projected $6.8 billion nationwide in education funds — including at least $811 million from California — money appropriated by Congress to boost teacher training, after-school programs and classroom technology and to help students who are learning English and those who are from migrant families. Although the

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Loans

Senate awaits ‘Big, Beautiful bill’ vote. How student loans may change

The winners and losers in the ‘big beautiful bill’ These are the potential winners and losers from the tax bill, which President Donald Trump has dubbed the ‘big beautiful bill’. Congress is closer than it’s been in a long time to massively reforming college financial aid. On June 10, GOP lawmakers in the U.S. Senate

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Loans

SBA administrator Loeffler tours Transylvania County NC outfitter

U.S. Small Business Administration (SBA) Administrator Kelly Loeffler At a visit to a river sports business in Pisgah National Forest, the Small Business Administration’s Kelly Loeffler pointed to its impact post-Helene. Small Business Administration leader Kelly Loeffler visited Pisgah National Forest June 19. Small Business Administration loans kept some businesses afloat post-Helene, one business owner

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Funds

Federal worker alleges financial improprieties at major union chapter

A union representing 150,000 federal workers faces allegations of financial improprieties at one of its chapters. In an era of mass federal layoffs, here’s why it matters. The labor union that represents more than 450 train engineers for New Jersey Transit walked off the job after contract talks stalled. The labor union that represents more

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Loans

Default student loans sent to collections starting Monday

Trump administration begins sending default student loans to collections Starting Monday, the Education Department will resume reporting defaulted student loans to collections agencies, potentially affecting as many as 5 million borrowers. Updated: 5:20 AM CDT May 5, 2025 Washington Bureau Reporter The Department of Education will begin reporting defaulted student loans to collections agencies starting

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Loans

Collection on defaulted student loans to restart May 5

The change will lead to garnished wages and benefits for more than 5 million Americans starting this summer. Collection of defaulted student loans to resume May 5: What to know Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting. That’s about to change on May 5. WASHINGTON

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Investors

Trump’s role in historic downturns

No other president over the last 75 years has come close to duplicating this dubious feat. Sean Williams  |  The Motley Fool US stock markets continue to plunge after Trump’s tariff rollout US stock futures dropped sharply extending a massive two-day sell-off that erased over $5.4 trillion in market value. The S&P 500 is approaching bear

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Finance

U.S. Trade Rep. testifies on tariffs: Key takeaways from hearing

China vows to ‘fight to the end’ on President Trump’s tariffs President Donald Trump threatened China with more tariffs after they put a 34% tariff on U.S. imports. Video shows key takeaways, tense moments from April 8 Senate Finance Committee hearing on tariffs Trump has announced reciprocal levies on trading partners U.S. Trade Rep. Jamieson

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