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J. Williams

Biden Nominates Three Federal Reserve Officials

Sarah Bloom Raskin

President Joe Biden on Friday announced his nomination of three Federal Reserve officials as he seeks to reshape the central bank amid bumpy economic recovery. Biden nominated Sarah Bloom Raskin to serve as Vice-Chair for Supervision of the Board of Governors of the Federal Reserve System, and nominated Lisa Cook …

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Biden Launches $27 Billion Program To Fix 15,000 Bridges

bridge

On Friday, President Joe Biden announced a $27 billion program to repair and upgrade roughly 15,000 bridges across America over the next five years in the biggest investment of its kind since the creation of the interstate highway system in the 1950s. The funding will come from the $1 bipartisan infrastructure …

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Navient to cancel nearly $2 billion in student loan debt

college

Student loan processor Navient has agreed to a nearly $2 billion settlement with 39 state attorneys general, according to reporting from the Wall Street Journal. Navient is one of the largest student loan processors in the U.S. The settlement requires the company to cancel about $1.7 billion in delinquent private student loan …

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Tax Season To Begin Early But IRS Warns Of Refund Delays

IRS

The Internal Revenue Service (IRS) warned on Monday that staffing shortages would likely delay tax refunds and other services this year as the agency prepares for the 2022 tax filing season. IRS Commissioner Chuck Rettig told reporters that this year’s window for filing tax returns for the year 2021 would run …

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