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Student loans in default to be referred to debt collection, Education Department says
The announcement marks an end to a period of leniency that began during the COVID-19 pandemic. No federal student loans have been referred for collection since March 2020, including those in default.
As Congress eyes spending cuts, a report details Indiana’s $177B in federal support
Federal funding was spent in Indiana on everything from entitlement programs to defense, agriculture and education, according to an Indiana Fiscal Policy Institute analysis.
Rokita, Morales file suit alleging federal failure to help with voter ID verification
The Indiana officials say the federal agency has failed to help verify the citizenship status of voters who registered in Indiana without providing state-issued forms of identification.
Motorsports reporter Jamie Little plans to open Protein Bar restaurants in central Indiana
Jamie Little and Cody Selman plan to open three Protein Bar & Kitchen locations in central Indiana, with the first likely to debut in 2026.
Wall Street, dollar tumbling again as investors retreat further
Hanging over the market are worries about President Trump’s anger at Federal Reserve Chair Jerome Powell for not cutting interest rates to help give the economy more juice.
Google faces off with government in attempt to break up company in search monopoly case
The drama will unfold in a Washington, D.C., courtroom during the next three weeks during hearings that will determine how the company should be penalized for operating an illegal monopoly in search.
Report: Americans spent $71B on GLP-1 drugs in 2023
| IBJ Staff and The Washington Post
By 2023, semaglutide (Ozempic, Rybelsus and Wegovy) and tirzepatide (Mounjaro) products made up 70% of all U.S. GLP-1 spending.
Secondhand retailers poised to benefit if tariffs drive up new clothing costs
Price hikes may drive cost-conscious shoppers to online resale sites, consignment boutiques and thrift stores in search of bargains or a way to turn their wardrobes into cash.
Trump administration reverses guidance on ‘road diets’ for traffic safety
Removing lanes has been a tool numerous cities—including Indianapolis—have used for years to calm traffic, despite resistance from some Republican governors.
IBJ Podcast: UConn champion Kelley Gay applies on-court lessons as corporate VP in Indy
Gay, senior vice president and CMO of OneAmerica Financial, discusses the importance of learning your role in a large organization while understanding how everyone contributes, when to celebrate your wins and when to push your team.
New-home applications in central Indiana fall for third straight month
Single-family building permit filings in the nine-county area were down significantly in March.
Do charter schools perform better than IPS schools? Here’s what studies, test results show.
The question of whether charter schools perform better academically than traditional IPS schools is a key focus of debates about funding and educational success.
Federal judge pauses plans for mass layoffs at Consumer Financial Protection Bureau
The decision leaves in limbo a bureau created after the Great Recession to safeguard against fraud, abuse and deceptive practices.
Capital One $35B purchase of Discover Financial gets regulatory approvals
The Federal Reserve and the Office of the Comptroller of the Currency signed off on the deal, which was first announced in February 2024.
Lilly promises to make weight-loss pill in United States in reshoring push
By making the expected blockbuster pill in the U.S., Lilly may be able to avoid the impact of Trump’s sweeping tariffs, including possible levies on pharmaceutical products.
Takeover expedites Republic Airways’ IPO goal
Mesa Air Group is a quarter of the size of Republic, but Mesa is publicly traded. Once the deal closes, the combined company will change its ticker symbol from MESA to RJET, continuing to trade on the Nasdaq market.
State property tax plan might prompt local income tax hikes
Legislators determined to cut property tax bills for homeowners and businesses are set to leave local officials with difficult choices about whether to cut services or raise income taxes to make up for substantial funding gaps.
For pair of crafty firefighters, old hoses provide the spark for something special
Scott Carr and Robert Demlow started Brotherhood Designs by repurposing retired fire hoses into American flags and honoring the legacy of those who have served.
Collin Hilton credits kitchen culture for his World Food Championships win
After winning the noodle category during last fall’s World Food Championships at the Indiana State Fairgrounds, Hilton competed against 11 fellow category winners during the “Final Table” March 28-30 in Bentonville, Arkansas.
