Biden vetoes bill that would negate EPA heavy truck pollution cuts
The veto preserves EPA rules that Biden said will “make our air cleaner and prevent thousands of premature deaths by limiting hazardous heavy-duty vehicle pollution.”
Continental introduces greener tires in push for more sustainable supply chain
Continental debuted its greenest tire, as the German parts supplier looks to meet environmental targets set by its customers, governments and itself.
BorgWarner sets July completion date for aftermarket spinoff
BorgWarner said it expects to complete the planned spinoff of its aftermarket and fuel parts business into Phinia by July 3. The transaction is part of an overarching strategy to prepare for an electrified future.
It’s almost time to resume student loan payments. Not doing so could cost you
By CORA LEWIS and ADRIANA MORGA (Associated Press)
NEW YORK (AP) — After three years, the pandemic-era freeze on student loan payments will end soon. Student loan interest will start accruing on September 1 and payments are starting in October.
It might seem tempting to just keep not making payments, but the consequences can be severe, including a hit to your credit score and exclusion from future aid and benefits.
More than 40 million Americans will have to start making federal student loan payments again at the end of the summer under the terms of a debt ceiling deal approved by Congress.
Millions are also waiting to find out whether the Supreme Court will allow President Joe Biden’s student loan forgiveness plan to go ahead. But payments will resume regardless of what justices decide.
That means tough decisions for many borrowers, especially those in already-difficult financial situations.
Experts say that delinquency and bankruptcy should be options of last resort, and that deferment and forbearance — which pause payments, though interest may continue to accrue — are often better in the short term.
Fed holds rates steady but sees two small hikes by end of year
The higher rate outlook coincides with an improved view of the economy and, consequently, slower progress in returning inflation to the central bank’s 2 percent target.