Student loan forgiveness: Biden unveils plan to cancel $10K in student debt

Biden unveiled a plan to provide $10,000 of federal student loan debt relief for borrowers who earn under $125,000 annually, and more for those with the greatest financial need.

What student loans are eligible for forgiveness? Here's a breakdown

In addition to Biden’s wide-sweeping loan forgiveness plan, there are existing programs for borrowers to have some or all of their student debt erased.

Special Report: Financial Expert Lynn Richardson on how we can save money
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FOX 11's Special Report was joined by financial expert Lynn Richardson as she discusses discusses how Californians can stretch their household budget.

Biden to make long-awaited student loan debt announcement on Wednesday, reports say

President Joe Biden on Wednesday is set to announce his long-delayed move to forgive up to $10,000 in federal student loans for many Americans and extend a pause on payments to January, according to three people familiar with the plan.

Steak prices decline on waning demand

The cost of steak is on the decline while ground beef prices remain elevated as consumers adjust their protein preferences to escape soaring inflation.

Fed minutes reveal interest rates could remain ‘restrictive’ for some time

The latest Federal Reserve meeting minutes showed that the Fed governors believe interest rates should remain "restrictive" in the coming months.

Mortgage rates drop as inflation improves

Rates for the 30-year mortgage dropped slightly this week but remained above the 5% mark and are likely to stabilize as inflation improves, according to new data from Freddie Mac.

More than 62% of Americans worried they can't pay rent: survey

The survey found rents of nearly 60% of residents increased in the past 12 months, while only 38% of people saw their wages increase.

Survey: 62% of Americans worried about paying rent
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The majority of Americans said they are concerned about their ability to pay for housing, the U.S. Federal Home Loan Mortgage Corporation said, citing a newly released survey.

Stretch your dollar: How to save on your electricity bill

With triple-digit heat hitting parts of the Southland, you may be wondering if there's anything you can do to save some money as you crank up your AC or electric fans in an effort to stay cool.