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Behind on student loan payments? Act now as 5 million summer defaults loom

Behind on student loan payments? Act now as 5 million summer defaults loom

If you’re among the millions of borrowers who haven’t made full, on-time federal student loan payments after the on-ramp period ended Sept. 30, 2024, take action now. Otherwise, your loans may default in July or August.

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Once a borrower’s payments are 270 days past due, their student loans default. That status can bring serious consequences, including wage garnishment, damaged credit and lost access to affordable repayment plans.

Nearly 5.6 million borrowers were between 91 and 180 days behind on their payments as of March 31, per Department of Education data. That means they’re at immediate risk of defaulting this summer. These are borrowers who were in good standing before the pandemic but who haven’t gotten back on track since payments resumed. read more

Democrats are drawing closer to the crypto industry despite Trump divisions

Democrats are drawing closer to the crypto industry despite Trump divisions

By JOEY CAPPELLETTI

WASHINGTON (AP) — As President Donald Trump builds a crypto empire — including hosting a private dinner with top investors at his golf club — Democrats have united in condemning what they call blatant corruption from the White House.

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But the Democratic Party’s own relationship with the emerging crypto industry is far less cut and dried.

Work in the Republican-led Senate to legitimize cryptocurrency by adding guardrails has drawn backing from some Democrats, underscoring growing support for the industry in the party. But divisions have opened over the bill, with many demanding it prevent the Republican president and his family from directly profiting from cryptocurrency. read more

US and China are holding trade talks in London after Trump’s phone call with Xi

US and China are holding trade talks in London after Trump’s phone call with Xi

By JILL LAWLESS, Associated Press

LONDON (AP) — High-level delegations from the United States and China met in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy,

A Chinese delegation led by Vice Premier He Lifeng held talks with U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at Lancaster House, an ornate 200-year-old mansion near Buckingham Palace.

Wang Wentao, China’s commerce minister, also was part of Beijing’s delegation.

The talks, which may continue Tuesday, follow negotiations in Geneva last month that brought a temporary respite in the trade war.

Stacked containers are seen at the Yangluo Port on the... Stacked containers are seen at the Yangluo Port on the Yangtze River in Wuhan, central China’s Hubei Province, Friday, May 23, 2025. (AP Photo/Andy Wong) Trucks loaded with container move through a container terminal port... Trucks loaded with container move through a container terminal port in Shanghai, China Monday, June 9, 2025. (Chinatopix Via AP) Trucks loaded with container move through a container terminal port... Trucks loaded with container move through a container terminal port in Shanghai, China Monday, June 9, 2025. (Chinatopix Via AP) In this image, taken from a video footage run by... In this image, taken from a video footage run by Phoenix TV via AP Video, Chinese Vice Premier He Lifeng, right, poses for photos with British Chancellor of Exchequer, Rachel Reeves, outside 11 Downing Street in London, England, Sunday, June 8, 2025. (AP Photo/Phoenix TV via AP Video)

The two countries announced May 12 they had agreed to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession.

The U.S. and China are the world’s biggest and second-biggest economies. Chinese trade data shows that exports to the United States fell 35% in May from a year earlier. read more

Amid Musk threat to decommission SpaceX Dragon, NASA reveals more Boeing Starliner delays

Amid Musk threat to decommission SpaceX Dragon, NASA reveals more Boeing Starliner delays

As the fracas between Elon Musk and President Trump escalated last week to the point of Musk threatening to decommission SpaceX’s Dragon spacecraft, NASA revealed even more delays to Dragon’s alternative, Boeing’s Starliner.

“NASA is assessing the earliest potential for a Starliner flight to the International Space Station in early 2026, pending system certification and resolution of Starliner’s technical issues,” according to a statement sent to media late Friday.

Though it didn’t mention SpaceX specifically, the statement — coupled with Musk’s threat — underscored the extraordinary degree to which NASA remains dependent on the private company for many of its key endeavors. It came after the fallout between the two powerful men sparked in part by Musk’s opposition to Trump’s so-call “Big Beautiful Bill” that critics including Musk say would increase federal spending.

Trump posted a threat on his Truth Social platform last week saying, “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!” read more

Apple unveils software redesign while reeling from AI missteps, tech upheaval and Trump’s trade war

Apple unveils software redesign while reeling from AI missteps, tech upheaval and Trump’s trade war

By MICHAEL LIEDTKE, AP Technology Writer

CUPERTINO, Calif. (AP) — After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during an annual developers conference that focused mostly on incremental advances and cosmetic changes in its technology.

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The presummer rite, which attracted thousands of developers from nearly 60 countries to Apple’s Silicon Valley headquarters, was more subdued than the feverish anticipation that surrounded the event during the previous two years. read more