May 9, 2025

Trump administration

Funds

Bay Area governments join lawsuit against Trump’s homeless fund conditions

Santa Clara County and San Francisco, along with seven other local governments, are asking a federal judge to block the U.S. Department of Housing and Urban Development from placing “unlawful” conditions on federal funds — stipulations that could put millions of dollars to address homelessness at risk. The lawsuit, which is being led by King

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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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Crypto

Trump family’s net worth has increased by $2.9 billion thanks to crypto investments, new report says

President Trump’s venture into crypto products has increased his family’s wealth by billions in the last six months, according to a new report, as his administration continues to loosen the federal government’s regulatory approach to the digital currency industry as a whole.  The group State Democracy Defenders Action estimated in a new report that the

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Mortgage

How could Trump ending a VA mortgage program leave veterans on the streets?

When you buy through links on our articles, Future and its syndication partners may earn a commission. The U.S. Department of Veterans Affairs headquarters is seen in Washington, D.C. | Credit: Al Drago / Bloomberg via Getty Images The VA Servicing Purchase, or VASP, program was enacted by the Biden administration to help veterans avoid

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Loans

How Student Loans, Grants Could Change Under Proposed Republican Plan

The House Education and the Workforce Committee advanced a new proposal this week that, if enacted, could drastically reshape how Americans pay for college, with reforms to federal student loans and financial aid programs. Why It Matters More than 40 million Americans hold federal student loan debt, per Education Data Initiative. For some, repayment of

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Funds

Trump Administration Sued by Harvard in Federal Court Over Frozen Funds

Harvard University announced Monday that it is suing the Trump administration in federal court, seeking to block a freeze on more than $2.2 billion in research grants. The move follows Harvard’s refusal to comply with a series of sweeping demands from the administration, which included limiting campus activism, altering admissions policies, and restructuring university governance.

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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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Crypto

Cryptocurrency Under a Second Trump Administration

The Trump Administration has proposed changes that could reshape the American cryptocurrency landscape. President Donald J. Trump’s stance on cryptocurrencies has evolved significantly since his last presidency. Although in 2019 he voiced skepticism about digital assets, in June 2024, he attended a Bitcoin conference where he pledged to make the United States the “crypto capital

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Banking

Senate Banking advances OCC, Treasury nominations

From left: Securities and Exchange Commission Chair-designate Paul Atkins; Comptroller of the Currency-designate Jonathan Gould; Assistant Secretary of Treasury-designate Luke Pettit; and Marcus Molinaro, Federal Transit administrator-designate. Bloomberg News WASHINGTON — The Senate Banking Committee voted to advance the nominations of key bank regulatory roles to the full Senate.  The panel approved the nomination of

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