Strained by limited resources, prosecutors are deploying special teams and nurturing local relationships to catch up to a wave of fraud.
Category: Federal Aid (US)
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As Student Loans Come Due Again, Many Borrowers Lose a Lifeline
The payment pause freed up money that gave people breathing room — or allowed them to help family members in need. They will soon have to budget for that expense.
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Blocked Rail Crossings Snarl Towns, but Congress Won’t Act
The industry has used its muscle to prevent federal, state and local governments from penalizing companies that park freight trains across roads for hours or days.
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Child Care Disruptions Expected as Record Funding Nears an End
Three million children could be affected as the largest investment in child care in U.S. history expires in September.
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The Hidden Cost of Rebuilding After a Flood
While government aid and organizations can ease the burden of major losses, disaster victims are burdened by small expenses to rebuild their lives.
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A New Federal Student Loan Program Will Move Millions Toward Forgiveness
The New York Times – Business:The plan aims to fix “historical failures” and will provide debt cancellation to thousands of borrowers, according to the Education Department.
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What is in the CHIPS Act, Aimed at Childcare Expansion and National Security
The New York Times – Business:A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well
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The CHIPS Act Is About More Than Chips: Here’s What’s in It
The New York Times – Business:A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well
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Pay and Plug: Federal Funds Spur Cleanup of Lost Oil Wells
The New York Times – Business:The National Park Service has started closing orphaned wells using money provided under legislation signed by President Biden.
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Two Fintech Companies Fueled Extensive PPP Loan Fraud, House Report Finds
The New York Times – Business:Executives at Womply and Blueacorn, which facilitated millions of Paycheck Protection Program loans, flouted rules and themselves collected improper loans, investigators said.
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US Approves Aid to Extend Life of California Nuclear Plant
The New York Times – Business:The Energy Department’s grant of $1.1 billion is the latest step that could keep the reactor in operation beyond its scheduled shutdown in 2025.
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Education Department Expands Student Loan Relief Programs
The New York Times – Business:A lengthy set of rule changes will reduce the total cost for many federal student loan borrowers and ease rules for debt elimination.