Biden administration to cancel $5.8 billion in single largest student loan forgiveness effort ever


U.S. needs more baby formula makers, Biden tells manufacturers

(Reuters) -U.S. President Joe Biden met with major infant formula manufacturers on Wednesday, and suggested their ranks should grow, as his administration presses ahead with efforts to boost imported supplies to help ease a nationwide shortage.”We need more new entrants in the infant formula market,” Biden said during a virtual meeting with executives from ByHeart, Bubs Australia, Reckitt Benckiser Group, Perrigo Company and Nestle SA’s Gerber. Multiple global suppliers are seeking U.S. approval to ship critical baby formula as Biden’s administration accelerates what it has dubbed “Operation Fly Formula” to help fill store shelves and calm frustrated parents.

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