"Live Coverage: Biden and Trump Clash Over Tax Plans in Pennsylvania"

President Joe Biden is set to announce his tax plans at a campaign event in Scranton, Pennsylvania, as part of his re-election campaign initiatives, with a focus on providing relief through student loan forgiveness and addressing runaway interest. The Education Department has filed paperwork for a new regulation to deliver the cancellation Biden announced last week, targeting specific categories of borrowers, with the broadest forgiveness category aiming to eliminate up to $20,000 in interest for those who owe more than they originally borrowed due to runaway interest.