The Trump administration is set to resume collections on defaulted student loans for the first time in five years, impacting millions of borrowers. With wage garnishments and tax refund seizures on the horizon, many are left anxious and confused about their repayment options.
The Education Department will restart collecting on defaulted student loans next month, potentially garnishing wages for millions. Advocates warn this may worsen economic struggles for many families.
The recent selloff in Treasuries, triggered by tariffs, has raised concerns about the stability of the U.S. bond market. Hedge funds are unwinding leveraged trades, leading to wider bid-ask spreads and potential long-term damage to U.S. assets.
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Germany is set to launch a €500 billion infrastructure fund and overhaul borrowing rules, marking a significant shift in military and economic strategy. As coalition talks progress, the urgency to strengthen defenses grows amidst geopolitical tensions.
In a landmark proposal, the European Commission aims to borrow up to €150 billion to bolster EU defense amidst rising tensions with Russia and uncertainty over U.S. military support. EU leaders are under pressure to significantly increase defense expenditures.
