CNBC

Norwegian flag|Norway fjord

Norway is set to become the first country to fully transition to electric vehicles

Despite its vast oil and gas reserves, the Nordic country has long been recognized as a global leader in sustainable transportation. Its EV sales have increased from less than 1% of total auto sales in 2010 to a whopping 88.9% last year — and this trend doesn’t show any sign of slowing. Data published by the Norwegian Public Roads Administration found EVs accounted for more than 96% of new cars sold in the first few weeks of this year. It puts Norway within touching distance of going fully electric — realizing a non-binding goal that was first established by lawmakers back in 2017.

American money

Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt

The Biden administration has forgiven another $4.5 billion in student debt for more than 60,000 borrowers. The latest round of relief is a result of the U.S. Department of Education’s fixes to the popular, but once-troubled, Public Service Loan Forgiveness program. President Biden, who has forgiven more education debt than any other president in U.S history, said that the number of borrowers to benefit from the program under his administration now exceeded 1 million.

IRS tax documents

IRS free tax filing program launches in 12 pilot states

While the pilot focuses on “simple tax situations,” the U.S. Treasury estimates the pilot could cover about one-third of tax situations for 19 million taxpayers. Within five years, the program could save the average filer $160 per year, or a collective $11 billion annually including tax prep fees and time, according to a report from the Economic Security Project.

American money

Biden administration to forgive $1.2 billion in student debt for over 150,000 borrowers

The Biden administration will forgive another $1.2 billion in student debt for nearly 153,000 borrowers enrolled its new repayment program, called the Saving on a Valuable Education, or SAVE, plan. The relief will go to borrowers who have been in repayment for a decade or longer, and originally took out $12,000 or less. Biden has now canceled debt for almost 3.9 million borrowers, totaling $138 billion in relief.

The White House

Biden administration to forgive $4.9 billion in student debt for 73,600 borrowers

The Biden administration has now canceled more than $136 billion in student debt for over 3.7 million Americans, according to the White House. Around $1.7 billion of this new aid will go to 29,700 borrowers enrolled in income-driven repayment plans. In addition, 43,900 borrowers who have worked in public service for a decade or more will receive $3.2 billion in loan cancellation.

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