Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about the state of the economy as the latest economic data revealed that inflation slowed in May. Cantor said despite the cooling period, inflation continues to be a thorn in the side of the U.S. economy.

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Biden Proposes Canceling Student Loan Interest to Tackle Debt Crisis
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
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