Tag: effect
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Biden’s student loan forgiveness plan can take effect after judge lets restraining order expire
President Joe Biden’s student loan forgiveness program can take effect after a judge ruled Wednesday that he would let a temporary restraining order on the plan expire. It’s a minor victory for the Biden administration just weeks ahead of the presidential election. The lawsuit was brought by seven red-leaning states: Missouri, Georgia, Alabama, Arkansas, Florida,…
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How much and when it will take effect
The Federal Reserve on Wednesday is expected to announce its first interest rate cut since 2020. How big that cut will be remains to be seen, but it is widely expected to target a quarter-point reduction from its current 5.3% level. The economy continues to send mixed signals. The unemployment rate, at 4.2%, remains historically…