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Trump’s Treasury is taking over millions of student-loan accounts. Obama tried this, and it didn’t succeed.

The fate of the federal student-loan portfolio is moving to the Treasury Department. That could raise some challenges for borrowers. Loading audio narration… The Department of Education announced in March that it would be transferring millions of student-loan borrowers’ accounts to the Treasury, starting with the accounts of defaulted borrowers. The administration made clear the move is part of its broader goal of dismantling the Department of Education.This isn’t the Treasury’s first foray into federal…

Business

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American Airlines raises checked bag fees amid rising fuel costs

American Airlines on Thursday announced it’s raising fees for checked bags as the company and other airlines face rising fuel costs. The airline is raising its bag fee for flights within the U.S., Canada and short-haul international flights by $10 to $50 for the first bag and $60 for the…

Markets

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The Masters is back — and so is the merch

Back in full swingThe Masters kicked swung off earlier this week in Augusta, Georgia, marking the unofficial start of golf season. Loading audio narration… And while many are tuned in to see if the favorite, Scottie Scheffler, will win the coveted green jacket, or if the returning champion Rory McIlroy…

Investing

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