(NEW YORK) -- President Joe Biden fulfilled one of his campaign promises and announced a plan to cancel student loan debt for millions of Americans. The plan, announced Wednesday, forgives up to $20,000 for borrowers earning less than $125,000 a year, will either wipe out... Read More.
(WASHINGTON) -- At the dawn of the COVID-19 pandemic, when offices and restaurants began shuttering, the federal government scrambled to keep small businesses afloat -- ultimately spending over a trillion dollars to help protect the American Dream for millions of workers and business owners. But... Read More.
By SOPHIE TATUM, ABC News(WASHINGTON) -- The Education Department announced this week it would fully forgive the federal loans of borrowers who enrolled in schools that "engaged in certain misconduct."Under the Trump administration, some students were only given... Read More.
By CATHERINE THORBECKE, ABC News(NEW YORK) -- A Florida man has pleaded guilty for fraudulently obtaining nearly $4 million in Paycheck Protection Program loans and using the money to buy a Lamborghini sports car, authorities said.The Department of... Read More.
By DEVIN DWYER and JANET WEINSTEIN, ABC NEWS(WASHINGTON) -- The resurgence of COVID-19 across the country this summer has deepened anxiety for millions of American small business owners who face another imminent cash crunch in their battle to survive a... Read More.
The Eagles', Cheap Trick's and Sammy Hagar's touring companies are among the entities that received loans through the U.S. government's Paycheck Protection Program, or PPP, to support businesses in continuing to pay and employ their workers amid the ... Read More.