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Biden administration cancels loans for former Ashford U. students, with plans to recoup costs | The Olympian

The Biden administration is canceling $72 million in student loans for 2,300 borrowers who say they were cheated by Ashford University, a former for-profit college that was purchased by the University of Arizona in 2020.

Read more at: https://www.theolympian.com/news/politics-government/national-politics/article278790224.html#storylink=cpy

Source: Biden administration cancels loans for former Ashford U. students, with plans to recoup costs | The Olympian

Biden plan would guarantee overtime pay for 3.6 million workers | Reuters

The administration of U.S. President Joe Biden on Wednesday moved to extend mandatory overtime pay to 3.6 million salaried workers, going even further than an Obama-era rule that was struck down in court.

The U.S. Department of Labor (DOL) released a proposed rule that would require employers to pay overtime premiums to workers who earn a salary of less than $1,059 per week, or about $55,000 per year.

Source: Biden plan would guarantee overtime pay for 3.6 million workers | Reuters