President Joe Biden has announced sweeping measures to lift a large weight off millions of low- and middle-income student loan borrowers by relieving debt and reforming the student loan system. This announcement offers targeted debt relief to lower- and middle-income families as part of a comprehensive effort to address growing college costs.The administration will provide $20,000 in debt relief t...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.