May 6, 2025

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Loans

FSA to require DOGE approval for larger loans

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

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Investment

$100B US investment hinges on federal support

Nichola Groom  |  Reuters April 29 — Manufacturers and developers of U.S. energy storage projects said their industry will invest $100 billion this decade to create a wholly domestic battery supply chain, but warned the goal was contingent on support from Washington. The American Clean Power Association, a trade group that represents energy storage companies, said

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Loans

Wage garnishment for defaulted student loans starts in May

Student voices concern over the proposed SEPTA cuts during rally Social science honors student Jaylah Fitzgerald, from the Academy at Palumbo, addresses the crowd at the Save SEPTA rally against the proposed transit cuts Millions of student loan borrowers in default could see their wages garnished soon after the U.S. Department of Education announced it

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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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Loans

Federal government plans to go after delinquent student borrowers. What to know

Do college graduates have regrets about their chosen majors? With the rising cost of college, Americans currently owe nearly $1.8 trillion in student loan debt. What majors are worth the money? The U.S. Department of Education will restart involuntary student loan collections on May 5. Borrowers in default for 270 days or more will face

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Crypto

New crypto ‘stablecoin’ rules take shape, but the biggest may be left out

Andrew Ackerman  |  Washington Post Lawmakers are taking their first step toward putting up guardrails for cryptocurrencies. But as legislation goes, it’s a relatively modest step – and some former regulators warn that the guardrails have big gaps. The framework, which a House committee will take up on Wednesday, would only apply to stablecoins, a

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Funds

Brevard County food aid programs losing food relief

Brevard groups dedicated to ensuring the county’s most vulnerable residents have food are witnessing a surge in need — just as they are starting to feel the harsh effects of federal government budget cuts. Twenty-eight tractor trailer trucks traveling with food to local Florida communities have been halted, without notice. “The hits keep coming. This

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Loans

Charts reveal how Trump gutted federal student loan office

More than 600 positions have been eliminated from the Federal Student Aid office, internal documents show. Now, in many places, “no one is identifying schools that are failing financially.” WASHINGTON – President Donald Trump has made it a top priority to dismantle and reorganize the federal Education Department. Simultaneously, he has promised time and again

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Loans

What happens to student loans, FAFSA after deep Education Dept. cuts?

We’ve set out to answer other questions you might have about the deep Education Department cuts and what they might mean for your student loans, your child’s IEP and campus programs. Education Department employees received termination notices An email sent to employees at the Education Department told staff not to come into work on Wednesday.

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Crypto

Donald Trump boosts crypto with new Strategic Bitcoin Reserve

President Trump establishes Bitcoin Reserve — here’s what it means President Trump signed an executive order establishing a reserve of bitcoin the government already owns. President Donald Trump signed an executive order Thursday establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile, continuing his administration’s embrace of the cryptocurrency industry. The announcement came on the

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