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Williams boss James Vowles has raised doubt about Logan Sargeant’s spot at the team for next year after the season-ending Abu Dhabi Grand Prix on Sunday. While Alex Albon enjoyed a prosperous year at Williams with 27 points, rookie driver Sargeant claimed just one point in 22 races – and even that was only following Lewis Hamilton and Charles Leclerc’s disqualification in Austin. Sargeant failed to qualify higher than Albon in 22 attempts and, suspiciously, he is the only driver on the grid whose spot for 2024 is yet to be confirmed. Vowles, when asked after Sargeant finished 16th in Abu Dhabi on Sunday, insisted there was no update as to whether the American would keep his seat. “Whatever happens, Logan has been part of the Williams academy for many years and will always remain a part of our academy,” Vowles said. “He is a quick driver but if we step away from that – if you look at the last five races on how he has improved and is stepping forward. “You can see signs that what he is doing is what he needs to earn the seat, but we aren’t in a position to confirm that. We’re proud of the steps he has made this season.” Felipe Drugovich and Mick Schumacher are among the names who’ve been linked with Sargeant’s seat. Williams finished an impressive seventh in the constructors’ standings – their best finish since 2017 – in ex-Mercedes strategist Vowles’ first season in charge. Albon signed a multi-year deal at Williams last year, though has been linked with a return to Red Bull. Read More F1 2023 season report card: Red Bull flourish but what about Mercedes and Ferrari? Toto Wolff sees ‘Mount Everest’ ahead as Mercedes seek to end Red Bull’s domination When does the 2024 F1 season start?

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Ferrari’s Carlos Sainz beat Max Verstappen to top spot in final practice for the Italian Grand Prix. Sainz’s lap in the closing moments of the one-hour running in Monza drew a huge roar from the tifosi, providing the Ferrari faithful with hope a scarlet car might secure pole position at the team’s home event. Sainz, who was also quickest in Friday’s second running, saw off Verstappen by 0.086 seconds. Lewis Hamilton finished third for Mercedes. Charles Leclerc made a mistake on his speediest lap and had to settle for fourth, half-a-second slower than team-mate Sainz. Verstappen is bidding to become the first driver to win 10 consecutive races, but Ferrari appear to have a car capable of denying the Dutchman pole. For Hamilton, the seven-time world champion will be pleased to be back at the sharp end of the pack after he finished 17th in practice on Friday. However, the British driver was still 0.541 seconds back from Sainz, with team-mate George Russell sixth. Fernando Alonso finished fifth for Aston Martin, with Sergio Perez 10th and McLaren’s Lando Norris 17th. Qualifying for the 14th round of the season takes place at 4pm (3pm BST). Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

After the US Supreme Court struck down his administration’s plan to cancel federal student loan debts for millions of Americans, President Joe Biden has unveiled a “new path” for relief, one that he assured is “legally sound” but will “take longer”. In remarks from the White House on 30 June, the president hit out at Republican state officials and legislators who supported the lawsuit which enabled the nation’s highest court to strike down his student debt forgiveness initiative, accusing many of them of hypocrisy for taking money from pandemic-era relief programs while opposing relatively meager relief for student loan borrowers. “Some of the same elected Republicans, members of Congress who strongly opposed relief for students, got hundreds of thousands of dollars themselves ... several members of Congress got over a million dollars — all those loans are forgiven,” he said. “The hypocrisy is stunning,” he said. Accompanied by Secretary of Education Miguel Cardona, Mr Biden opened his remarks by acknowledging that there are likely “millions of Americans” who now “feel disappointed and discouraged or even a little bit angry about the court’s decision today on student debt”. “And I must admit, I do too,” he said. Still, Mr Biden reminded Americans that his administration has previously taken actions to reform student loan repayment programs to make them easier to access, and to keep borrowers from spending more than five per cent of disposable income on monthly repayments, and to strengthen loan forgiveness options for borrowers who take public service jobs. The president has directed Mr Cardona to “find a new way” to grant similar loan relief “as fast as we can” in a way that is “consistent” with the high court’s decision. On Friday, the Education Department issued the first step in the process of issuing new regulations under this so-called “negotiated rulemaking” process. In the mean time, Mr Biden said his administration is creating a temporary year-long “on-ramp repayment programme” under which conditions will remain largely the same as they have during the three-year pandemic-era pause in payments which is set to expire this fall. The department’s 12-month “on ramp” to begin repayments, from 1 October through 30 September, aims to prevent borrowers who miss repayments in that time period from delinquency, credit issues, default and referral to debt collection agencies. “During this period if you can pay your monthly bills you should, but if you cannot, if you miss payments, this on-ramp temporarily removes the threat of default,” he said. “Today’s decision closed one path. Now we’re going to pursue another — I’m never gonna stop fighting,” the president continued, adding that he will use “every tool” at his disposal to get Americans the student debt relief they need so they can “reach [their] dreams”. “It’s good for the economy. It’s good for the country. It’s gonna be good for you,” he said. Asked by reporters whether he’d given borrowers false hope by initiating the now-doomed forgiveness plan last year, Mr Biden angrily chided the GOP for having acted to take away the path to debt relief for millions. “I didn’t give any false hope. The question was whether or not I would do even more than was requested. What I did I felt was appropriate and was able to be done and would get done. I didn’t give borrowers false hope. But the Republicans snatched away the hope that they were given and it’s real, real hope,” he said. The Supreme Court’s 6-3 ruling from the conservative majority argues that the president does not have the authority to implement sweeping relief, and that Congress never authorised the administration to do so. Under the plan unveiled by the Biden administration last year, millions of people who took out federally backed student loans would be eligible for up to $20,000 in relief. Borrowers earning up to $125,000, or $250,000 for married couples, would be eligible for up to $10,000 of their federal student loans to be wiped out. Those borrowers would be eligible to receive up to $20,000 in relief if they received Pell grants. Roughly 43 million federal student loan borrowers would be eligible for that relief, including 20 million people who stand to have their debts cancelled completely, according to the White House. Lawyers for the Biden administration contended that he has the authority to broadly cancel student loan debt under the Higher Education Relief Opportunities for Students Act of 2003, which allows the secretary of education to waive or modify loan provisions following a national emergency – in this case, Covid-19. Since March 2020, with congressional passage of the Cares Act, monthly payments on student loan debt have been frozen with interest rates set at zero per cent. That pandemic-era moratorium, first enacted under Donald Trump and extended several times, was paused a final time late last year. Over the last decade, the student loan debt crisis has exploded to a balance of nearly $2 trillion, most of which is wrapped up in federal loans. The amount of debt taken out to support student loans for higher education costs has surged alongside growing tuition costs, increased private university enrollment, stagnant wages and GOP-led governments stripping investments in higher education and aid, putting the burden of college costs largely on students and their families. Read More Supreme Court strikes down Biden’s plan to cancel student loan debts Supreme Court strikes down affirmative action, banning colleges from factoring race in admissions Biden condemns Supreme Court striking down affirmative action: ‘This is not a normal court’ Justice Ketanji Brown Jackson delivers searing civil rights lesson in dissent to affirmative action ruling

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Marc Becker, a 27-year veteran of Apollo Global Management Inc. and co-head of impact investing at the private