Debt relief for some student loan borrowers
The Biden administration is canceling debt for thousands of people with federal student loans from for-profit schools and students who were defrauded. Plus, despite forecasts of strong economic growth for the U.S. economy, Fed Chair Jerome Powell is taking a more cautious approach. And, the state of our bifurcated economy, where some households have managed to save more during the pandemic and others have had to borrow more and increase debt.