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Student Loan Borrowers Don’t Deserve ‘Forgiveness.’ They Deserve an Apology.

Still not convinced that the nation should ask debtors for absolution, and not the other way around? Consider the facts.First, there’s the Free Application for Financial Aid, or FAFSA, which […]




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How a Relief Fund for Restaurants Picked Winners and Losers

When Congress created a grant program early this year to help battered bars and restaurants survive the pandemic, one thing was immediately clear: The money would not be enough. The […]




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Republicans Who Assailed Biden’s Stimulus Bill Are Embracing the Money

“It’s like the python that ate the rat,” Brad Whitehead, a nonresident senior fellow at the Brookings Metropolitan Policy Program, said of the struggle to shepherd so much federal money […]




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Pandemic-Era ‘Excess Savings’ Are Dwindling for Many

In a commentary published on a Federal Reserve Bank of New York blog in April, four economists argued that “although large by historical standards, the savings accumulated by U.S. households […]




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Troubled Student Loan Forgiveness Program Gets an Overhaul

The Biden administration is overhauling a student loan forgiveness program for public service employees that had become a notorious quagmire, introducing a sweeping set of fixes on Wednesday that Education […]




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Unemployment Benefits Expire for Millions Without Pushback From Biden

WASHINGTON — Expanded unemployment benefits that have kept millions of Americans afloat during the pandemic expired on Monday, setting up an abrupt cutoff of assistance to 7.5 million people as […]




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Unemployment Benefits to Millions Are About to End

“You put 10, 15, 20 years into a career and then to suddenly not be able to go see a dentist anymore, it feels like something’s wrong there,” she said. […]




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Eviction Moratorium Set to Lapse as Biden Aid Effort Falters

The lapse of the federal freeze is offset by other pro-tenant initiatives that are still in place. Many states and localities, including New York and California, have extended their own […]




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How Two Start-ups Made a Fortune in Fees on P.P.P. Loans

Also in late February, Blueacorn and Womply got an unexpected tailwind from a major rule change by the Small Business Administration, which oversaw the loan program. Concerned that women and […]