good morning! It’s Daniel de Vis with your daily money.
Is it a “big and beautiful bill” or is it a “unpleasant hate” thing?
The latter descriptor comes from Elon Musk. A few days after leaving his role in the White House, Musk has verbally equated President Donald Trump’s tax and domestic policy bill, escalating his criticism of the president’s signature law against concerns that it would increase the deficit.
Can a powerful alumni save Harvard?
Harvard graduates are nearly half a million people, including some of the most powerful and wealthy people in the United States. Donations to your alma mater amount to hundreds of millions of dollars a year.
Since President Trump began targeting Ivy League campuses as part of a pressure campaign to reform American universities, Harvard has now needed more public and financial support than ever before for its alumni. Can they make a difference?
Education Department suspends loan collection
The Department of Education has suspended plans to decorate Social Security benefits for default student loan borrowers. This is the first process that will take effect when Management resumes student debt collection on May 5th.
The announcement is a reversal of the administration, and last month the Federal Student Aid Agency for Education announced that it will resume collecting default federal student loan portfolios that will end its postponement for more than five years amid the pandemic.
What’s going to happen now?
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About daily money
Every day, Daily Money will provide you with the best consumer and financial news from USA Today, breaking complex events, providing you with the TLDR version, and explaining how everything from the Fed rate to bankruptcy will affect you.
Daniel de Visé covers USA Today personal finance.
