Articles

Teachers union sues DeVos over embattled loan relief program

The American Federation of Teachers filed a federal lawsuit, alleging that the Education Department has mismanaged the Public Service Loan Forgiveness program that was created in 2007. Just 1% of more than 86,000 applications had been approved for loan forgiveness as of March 31.

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Powell signals that rate cut could be coming soon

Delivering the central bank’s semiannual report to Congress, Federal Reserve Chairman Jerome Powell said that since Fed officials met last month, “uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook.”

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Judge strikes down rule requiring drug ads to reveal prices

Responding to a lawsuit by Eli Lilly and two other companies, a federal judge Monday blocked a major White House initiative on prescription drug costs, saying the Trump administration lacked the legal authority to require drugmakers to disclose their prices in TV ads.

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