The U.S. and China have agreed to a trade deal, dropping U.S. tariffs against China from 145% to 30% for 90 days.
One hundred and forty-five percent tariffs would have all but ended trade with China, unraveled supply chains and increased inflation. But 30% tariffs will still lead to a trade shock, said Macro Policy's Julia Cornado.
Older borrowers are twice as likely to default on student loans than their younger peers — potentially putting their Social Security checks at risk.
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