New one-time student loan cancellation to be granted based on income; and student loan payment pause extended through Dec. 31, 2022. The skyrocketing cumulative federal student loan debt—$1.6 trillion and rising for more than 45 million borrowers—is a significant burden on America’s middle class. Middle-class borrowers struggle with high monthly payments and ballooning balances that make it harder for them to build wealth, like buying a home or saving for retirement or starting a small business. Venture capitalists are betting on a bright future for online gambling. Betable, a London-based startup providing real-money gambling tools to game developers, raised $18.5 million in a round of funding led by Venture51, says Christopher Griffin, Betable's chief executive officer. If passed by California voters on Nov. 8, Proposition 26 will allow sports betting in the state, but only in-person at tribal casinos and racetracks. Proposition 27 would legalize online sports betting, and it would be statewide. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Gov. Gavin Newsom announced — the first state to set an expiration date for the traditional automobile.