August 6, 2025

National News

Loans

New caps on federal student loans worry aspiring doctors

Twenty-year-old Eric Mun didn’t want to believe it: Only one kid in the family could make it to medical school — and it wasn’t going to be him. Mun had done everything right. He graduated high school with honors, earned a scholarship at Northwestern University and breezed through his biology courses. He immigrated to Alabama

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Funds

‘Hamilton’ 10th anniversary show to fund immigrant support

The 10th anniversary Broadway performance of the cultural touchstone “Hamilton” will serve as a fundraiser for a coalition of nonprofit organizations that provide immigration services, creator Lin-Manuel Miranda said. Dubbed and hash-tagged “HamilTEN,” the performance on Aug. 6 at the Richard Rodgers Theatre is on track to raise about $3 million for the Immigrants: We Get

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Funds

California sues Trump over $900 million in frozen funds

California Attorney General Rob Bonta joined officials from 23 other states and the District of Columbia in suing the federal government Monday for the release of more than $6 billion in federal education funding that they say never arrived, including $939 million for California. Bonta, a Democrat, filed the legal challenge in the U.S. District

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Crypto

Binance aided Trump family’s crypto firm before founder Changpeng Zhao sought pardon – The Mercury News

By Zeke Faux, Muyao Shen and Anthony Cormier, Bloomberg One of the Trump family’s crypto ventures has received key behind-the-scenes help from the world’s largest digital-asset exchange, whose founder is a convicted felon now seeking a presidential pardon. Binance wrote the basic code to power USD1, a stablecoin launched by the Trumps’ World Liberty Financial

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Funds

EPA says President Donald Trump’s big bill should help in its fight to take back billions in green bank funds – Chicago Tribune

WASHINGTON — The sprawling tax and policy bill that passed Congress repeals a multibillion-dollar green bank for financing climate-friendly projects, and the Trump administration should be allowed to freeze its funding and cancel related contracts with nonprofits, federal officials said in a court filing. Climate United Fund and other nonprofits in March sued the Environmental

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Banking

Canadian banking regulator maintains domestic stability buffer for large lenders

Open this photo in gallery: The Bay Street Financial District in Toronto. The domestic stability buffer also affects the minimum capital levels that a bank is expected to hold.Nathan Denette/The Canadian Press Canada’s banking regulator has held steady the capital cushion that the country’s largest lenders must reserve, signalling that financial institutions are withstanding the

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Crypto

A look at the major players in the crypto industry and their ties to Donald Trump – The Mercury News

By WILL WEISSERT, Associated Press WASHINGTON  — President Donald Trump took office in January pledging to “make America the crypto capital of the world.” He has since harnessed wide swaths of the federal government to bolster the industry — all while raking in huge sums of money for his family’s business. By some estimates, crypto

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Banking

Scotiabank taps Finning executive as chief operating officer for Canadian banking unit

Open this photo in gallery: Scotiabank is planning to deploy 90 per cent of its capital – up from 70 per cent in 2023 – to its key businesses in Canada, the U.S. and Mexico over the next few years.Fred Lum/the Globe and Mail Bank of Nova Scotia BNS-T has tapped a senior executive at

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Crypto

publicly traded companies buying bunches of bitcoin

By ALAN SUDERMAN It’s one of crypto’s hottest trends: publicly traded companies buying bitcoin and then buying even more. President Donald Trump’s media company just announced a plan to raise $2.5 billion to buy bitcoin, joining a growing number of so-called “bitcoin treasury companies” as the world’s most popular cryptocurrency hits all-time highs. The companies

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Loans

14 people arrested in alleged scam involving more than $25 million in COVID-19 relief and business loans – The Mercury News

Fourteen people, including several Southern California residents, were arrested Wednesday, May 28, and accused of scamming the government out of more than $25 million in COVID-19 relief funds and federal small business loans, according to the U.S. Department of Justice. Two federal criminal complaints named 18 defendants, four of whom are believed to be in

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