Paul Taylor, President and CEO of Fitch Ratings, is part of Cheddar and the Museum of American Finance's CEO series, "Why Wall Street Matters." Taylor discusses the importance of the bond market to global economies, and why they are more appealing for investors over loans. He also weighs in on his forecast for 2018, noting his global outlook is positive overall, adding that it's not until after 2018 that things get tricky. The Global Outlook for 2017 has already beat Fitch Group's forecast. The company originally anticipated growth of 2.9% but is expected to hit around 3.2%.

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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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