Education Department directs student borrowers in SAVE plan to prepare for repayment

More than 7 million student loan borrowers enrolled in a Biden-era repayment plan will begin receiving notices on Friday with instructions to seek a new repayment plan, the Education Department said. Borrowers enrolled in the SAVE plan, struck down by a federal court earlier this month, have been in forbearance since July 2024 as a … Read more

U.S. Energy secretary directs Texas oil company to restore operations off California

U.S. Energy Secretary Chris Wright directed a Texas-based oil and gas company Friday to restore operations in waters off Southern California that were damaged by a 2015 oil spill, invoking the Defense Production Act. Restoring Sable Offshore Corp.’s Santa Ynez unit and pipeline off Santa Barbara aims to address supply disruption risks, according to a … Read more