Author: Daniel snow

The euro has seen significant gains against the dollar amid uncertainty around President Trump’s tariffs policies.Matt Cardy | Getty Images News | Getty ImagesU.S. President Donald Trump’s tariffs regime has sparked volatility in American assets — and European officials are making no secret of wanting the euro to seize upon wavering confidence in the U.S. dollar.The dollar is the world’s most commonly held reserve currency, accounting for almost 60% of global foreign exchange reserves and playing an important role in the trade of assets like oil and gold. It also acts as a peg for currencies including the Hong Kong…

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Alexander Spatari | Moment | Getty ImagesFederal student loan borrowers could be in repayment for up to 30 years under proposed changes in the House Republicans’ massive spending and tax package, dubbed the “One Big Beautiful Bill Act.”Currently, most student loan repayment plans range from 10 years to 25 years — which already generate concerns about people bringing their education debt into middle-age and beyond, said higher education expert Mark Kantrowitz.”A 30-year repayment term means indentured servitude,” Kantrowitz said.The House passed the bill last week. With control of Congress, Republicans can use “budget reconciliation” to pass their legislation, which only…

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