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Small Business Funding

The Biden administration has now canceled loans for more than 1 million public workers [Video]

A student loan cancellation program for public workers has granted relief to more than 1 million Americans — up from just 7,000 who were approved before it was updated by the Biden administration two years ago.President Joe Biden announced the milestone on Thursday, saying his administration restored a promise to America’s teachers, firefighters, nurses and other public servants. He celebrated it even as his broader student loan plans remain halted by courts following legal challenges by Republican-led states.“For too long, the government failed to live up to its commitments,” Biden said in a statement. “We vowed to fix that, and because of actions from our administration, now over 1 million public service workers have gotten the relief they are entitled to under the law.”The Public Service Loan Forgiveness program was created in 2007, promising college graduates that the remainder of their federal student loans would be zeroed out after 10 …

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Small Business Funding

Watch CNBC's full interview with U.S. Secretary of Commerce Gina Raimondo [Video]

CNBC's Kate Rooney sits down with Commerce Secretary Gina Raimondo in her first interview since the 2024 presidential election to discuss the future of AI safety, the status of CHIPS Act funding, and her advice to the incoming administration.