Day: March 8, 2025

News Summary As President Trump advances his plans to dismantle the Department of Education, concerns are rising among stakeholders regarding the future of student loan management. With a staggering $1.64 trillion in loans at stake, complications arise from potential transfers of this financial portfolio to other federal agencies. Proposed establishment of a new agency aims to manage future loans, but challenges in communication, staffing shortages, and legal hurdles threaten the

News Summary U.S. President Donald Trump has paused tariffs on certain imports from Canada and Mexico as part of the United States-Mexico-Canada Agreement (USMCA). This pause affects 38% of Canadian and 50% of Mexican goods and is set to last until April 2, 2025. Despite the brief relief for consumers, stock markets reacted negatively, with significant drops in major indexes as job losses surged, and global markets felt the impact.

News Summary Three U.S. Army soldiers, including two active-duty members and one former soldier, have been indicted for allegedly selling sensitive military information to China. The Department of Justice confirmed the indictments, which raise serious national security concerns. The soldiers are accused of conspiracy involving bribery and theft of government property, while specific charges include transmitting national defense information. The details of the sold information include crucial military operational capabilities

News Summary SpaceX’s Starship experienced a dramatic explosion during its eighth test flight on Thursday evening, marking its second failure in 2023. The uncrewed mission launched at 5:30 p.m. CT from the Starbase facility but lost communication shortly after liftoff. The unforeseen incident led to a significant explosion visible from Florida and caused operational disruptions at nearby airports. Despite the setback, SpaceX reassured the public about safety protocols and plans