Local News
Biden’s student loan plan: What we know (and what we don’t)
NEW YORK (AP) — President Joe Biden is expected to announce Wednesday that many Americans can have up to $10,000 in federal student loan debt forgiven. Details of the plan are still being finalized, but here’s what we know so far and what it means for people with outstanding student loans:
WILL BIDEN FORGIVE STUDENT LOANS?
Three people familiar with the plan say it will forgive up to $10,000 in student loan debt for anyone who makes less than $125,000 a year. They spoke on condition of anonymity to discuss details of the plan before it…
Local News
House sends bill regulating stablecoins, a type of cryptocurrency, to Trump
SUMMARY: The House passed three major cryptocurrency bills, advancing President Trump’s push to make the U.S. the “crypto capital of the world.” One bipartisan bill regulates stablecoins and heads to Trump’s desk, while the others—creating a crypto market structure and banning a central bank digital currency—go to the Senate. The stablecoin bill sets consumer protections and issuer requirements. Industry advocates praise the legislation as legitimizing crypto, while critics warn of weak oversight and conflicts of interest tied to Trump’s financial ties to crypto ventures. Democrats raised concerns about private digital currencies by tech giants and the bill’s lack of presidential accountability.
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Local News
US retail sales bounce around in a whipsaw trade environment
SUMMARY: In June, U.S. retail sales rose 0.6% after two months of declines, showing resilient consumer spending despite tariff concerns and economic uncertainty. Auto sales led gains, with increases in clothing and personal care, while electronics and appliances declined. Consumers prioritized necessities but maintained modest discretionary spending, such as dining out. Inflation rose to 2.7% yearly, driven by tariffs, complicating Federal Reserve decisions on interest rates. Online sales surged during Amazon’s Prime event, with shoppers focusing on essentials. Retailers prepare for a strong back-to-school season amid ongoing trade policy challenges, adjusting inventories and prices to manage tariff impacts.
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Local News
List of 2025 Emmy nominees in key categories
SUMMARY: The Emmy nominations highlight “Severance” leading with 27 nods, and “The Studio” topping comedy with 23. Drama series contenders include “Andor,” “Paradise,” “Severance,” and “The Last of Us.” Comedy nominations feature “Hacks,” “The Bear,” and “Abbott Elementary.” Limited series like “The Penguin” and “Black Mirror” also shine. Notable drama actors nominated include Sterling K. Brown and Pedro Pascal; comedy actors include Seth Rogen and Martin Short. Reality competition shows such as “RuPaul’s Drag Race” and “Survivor” are nominated, with RuPaul Charles up for host. Animated programs and scripted variety series like “Saturday Night Live” are also recognized, alongside outstanding game show hosts like Ken Jennings.
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