Fed eyes up to 3 interest rate hikes in 2022 to address high inflation

Fed officials also plan to accelerate the central bank's tapering of bond purchases as they adjust their economic outlook on high inflation.

Senators urge Biden administration to simplify military student loan forgiveness program

Members of the military may qualify to have the remaining balance of their student loan debt forgiven under the Public Service Loan Forgiveness Program. But with strict documentation requirements, Congress is calling for additional student loan benefits for borrowers who served in the Armed Forces.

Rivian to build $5B electric truck plant in Georgia

Electric vehicle maker Rivian Automotive will build a $5 billion battery and assembly plant east of Atlanta that’s projected to employ 7,500 workers.

Warren, Schumer 'strongly urge' Biden to extend student loan forbearance and cancel debt

Progressive lawmakers are calling for the Education Department to extend the forbearance period as federal student loan borrowers are set to resume payments in February.

2021: Year of the Great Resignation

An unexpected symptom of the pandemic shutdown has been something called The Great Resignation. For months a record number of workers quit their jobs. 

Can you use a personal loan to pay off your car?

If you’re looking to get out of auto loan debt, you can use a personal loan to pay off your car. Learn what this entails and whether it’s a good idea.

Student loan payment pause will not be extended, White House confirms

White House press secretary Jen Psaki confirmed that federal student loan borrowers will need to resume making payments in February.

Kroger to end some COVID-19 benefits for unvaccinated employees

Kroger, the country’s biggest traditional grocery chain, is ending some benefits for unvaccinated workers as big employers attempt to compel more to become vaccinated with cases of COVID-19 again rising.

Hobby Lobby raises minimum wage to $18.50 an hour

Hobby Lobby workers will be getting a raise to ring in the new year. The craft store chain announced it will raise its minimum full-time hourly wage to $18.50, effective January 1, 2022.

How to get your student loan interest deduction

The student loan interest deduction allows you to subtract up to $2,500 from your taxable income for interest paid on student loans. Here’s how it works.