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WASHINGTON (AP) — The Biden administration will start canceling student loans for some borrowers in February as part of a new repayment plan that's taking effect nearly six months ahead of schedule. Loan forgiveness was originally set to begin in July under the new SAVE repayment plan, but it's being accelerated to provide faster relief [...]
WASHINGTON (AP) — Higher energy and housing prices boosted overall inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2 percent target will likely remain a bumpy one. Last week’s report from the Labor Department showed that overall prices rose 0.3 percent from November and 3.4 percent from 12 [...]
DETROIT (AP) — Consumers looking to get a tax credit on an electric-vehicle purchase have fewer models to choose from under new rules that limit the countries where automakers can buy battery parts and minerals. The Inflation Reduction Act signed into law in 2022 expanded tax credits ranging from $3,750 to $7,500 for purchases of [...]
The Biden administration earlier this week enacted a new labor rule that aims to prevent the misclassification of workers as “independent contractors,” a step that could bolster both legal protections and compensation for millions in the nation’s workforce. The Labor Department rule, which the administration proposed 15 months ago, replaces a scrapped Trump-era standard that [...]
EAGLE PASS, Texas (AP) — Daniel Bermudez's family had fled Venezuela and was headed to the United States to seek asylum when the freight train they were riding through Mexico was stopped by immigration officials. His wife tried to explain that her family had permission to go to the U.S. Instead, they flew her to [...]
WASHINGTON (AP) — The nation’s employers added 216,000 jobs last month, according to a new federal government report. Last week’s report showed that December’s job gain exceeded the 173,000 that were added in November. The unemployment rate was unchanged at 3.7 percent — the 23rd straight month that joblessness has come in below 4 percent. [...]
DETROIT (AP) — Undeterred by high prices, rising interest rates, autoworker strikes and a computer-chip shortage that slowed assembly lines, American consumers still purchased 15.6 million new vehicles last year, 12 percent more than in 2022, the biggest increase in more than a decade. Sales, however, still haven't returned to the 17 million sold in [...]
WASHINGTON (AP) — The federal government's gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America's balance sheet in the coming years. The U.S. Treasury Department earlier this week issued a report logging the nation’s finances, which have become a source of tension in [...]
HARRISBURG, Pa. (AP) — The tiny Aliquippa water authority in western Pennsylvania was perhaps the least-suspecting victim of an international cyberattack. It had never had outside help in protecting its systems from a cyberattack, either at its existing plant that dates to the 1930s or the new $18.5 million one it is building. Then it [...]
Twitter changed to X. People tried out Bluesky and Mastodon and fretted about AI bots and teen mental health. People also cocooned in private chats and scrolled endlessly as they did in years past. For social media users, 2023 was a year of beginnings and endings, with some soul-searching in between. Here's a look back [...]