Trump’s camp confirmed Saturday that he will “deliver remarks” at Clinton Township-based Drake Enterprises Inc. at 8 p.m. Wednesday, according to a news advisory on his website. Drake is located about 25 miles Northeast of Detroit.
California Gov. Gavin Newsom vetoed a bill that would have hindered efforts to deploy self-driving trucks in the state. But big rigs still face regulatory barriers in the state.
Ford said it’s limiting spending on BlueOval Battery Park Michigan “until we’re confident about our ability to competitively operate the plant.” The UAW called it “a shameful, barely-veiled threat by Ford to cut jobs.”
Unifor picked General Motors Canada as its next bargaining target, a day after union members narrowly ratified a three-year collective agreement with Ford Motor Co. of Canada that set the pattern for this year’s auto talks.
By Eliza Haverstock, NerdWallet
More than 800,000 longtime federal student loan borrowers who were in repayment for at least 20 or 25 years saw their student loans erased in July as a result of the income-driven repayment (IDR) account adjustment. Millions of newer borrowers will benefit from the program in 2024, even though they won’t get loan forgiveness just yet.
“The IDR account adjustment puts everybody closer to the statutory [student loan] cancellation that they could be eligible for under the income-driven repayment plans, regardless of whether or not they enrolled in an IDR plan in the past,” explains Kyra Taylor, a staff attorney focused on student loans at the National Consumer Law Center.
Even if your loans aren’t automatically forgiven, the account adjustment will move you closer to the end of your repayment period and closer to forgiveness if you sign up for an IDR plan, which typically takes 20 or 25 years of full monthly payments.
For borrowers who’ve been in repayment for less than 20 or 25 years, here are answers to questions about the IDR account adjustment, and steps they can take to get the most out of it.