Biden administration approves $42B in student loan forgiveness under updated PSLF program

The Department of Education has approved $42 billion in student loan forgiveness through recent changes to the PSLF program, designed to provide debt relief to borrowers in the non-profit, public service and governmental fields.

Gov. Newsom says state’s budget deficit has grown to nearly $32 billion

Newsom said the state’s challenges are partly due to high inflation and a decision to let most people delay filing their taxes because of a series of winter storms.

Budget deficit at $32B, Newsom says
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California Governor Gavin Newsom said the state?s challenges are partly due to high inflation and a decision to let most people delay filing their taxes because of a series of winter storms.

Mortgage rates dip on positive inflation data: Freddie Mac

The average rate for a 30-year fixed-rate mortgage dropped to 6.35% for the week ending May 11, according to Freddie Mac's Primary Mortgage Market Survey.

Gas prices decrease amid market uncertainty: AAA

Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.

$3.2M Powerball ticket sold in Southern California

A lucky California Lottery player who purchased a ticket in San Diego County is 3 million dollars richer after matching five numbers in the latest Powerball drawing.

Inflation and interest rate hikes are negatively impacting Americans' financial well-being: survey

Inflation and interest rate hikes have negatively impacted Americans' financial well-being and many have made no progress in saving for retirement or building emergency funds, according to a survey by Morning Consult. Here’s what you need to know.

Gas prices drop amid recession fears, pre-summer lull: AAA

Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.

Number of new American business applications hits an all-time high

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record.