Republican Candidates Stoke Controversy With Plans for Social Security
One Republican’s plan for social security involves a yearly renewal decision. Another proposed privatizing the program. Both inspired sharp rebukes.
U.S. Economy & Politics
News about policies and legislation affecting the financial world, from changes to the tax code, economic stimulus packages, and government programs that affect everything from the stock market to personal finance.
Inflation Is Slowing Down but Russia Could Be a Spoiler
Inflation is coming down and might fall more in the coming months. However, an escalation in the Russia-Ukraine war and food shortages could play a spoilsport.
Labor Day Quotes for Those Working Hard and Those Hardly Working
Looking for Labor Day captions for Instagram? Don’t labor yourself any further—check out these quotes about working and quotes about not working.
The Great Recession: When It Started and Why It Happened
The Great Recession lasted between December 2007 and June 2009. During that time, nearly 4 million homes fell into foreclosure and about 8 million people became unemployed.
The Big Mac Index Shows How Strong the U.S. Dollar Is Versus Other Currencies
Why is the U.S. dollar so strong? See what experts say, and see what The Big Mac Index reveals about Americans’ purchasing power around the world.
Biden's Policies Are Making the Fed’s Fight Against Inflation Even Tougher
Biden is pursuing an expansive fiscal policy while the Fed is tightening. His policies could be making the Fed's job of taming inflation even tougher.
How Do Interest Rates Affect Employment? Fed Fights to Tame Inflation
When interest rates go up, it can have an negative impact on employment. Increased borrowing costs will likely lead to higher unemployment rates.
These Members of Congress Got PPP Loan Forgiveness, Dissed Student Loan Relief
The Paycheck Protection Program served 13 members of Congress, some of whom dissed student loan relief. Which members of Congress got PPP loan forgiveness?
Jerome Powell to Speak at Jackson Hole Symposium, Could Set Market Tone
Federal Reserve Chairman Jerome Powell, whose remarks may set the tone for markets for the next month, will speak on Aug. 26 at the Jackson Hole Economic Symposium.
Fact Check: Are Student Loans Forgiven After 20 Years?
Many borrowers would jump on the chance to have their loan forgiven. And in some cases, this is possible after 20 years.
Student Loan Forgiveness May or May Not Include Parent PLUS Loans
If Joe Biden announces a $10,000 student loan forgiveness plan, it's unclear whether that will apply to borrowers of Parent PLUS loans.
Who Could Qualify for Student Loan Forgiveness
Joe Biden is expected to announce whether he will use means testing to decide who gets $10,000 of student loan forgiveness.
Senate Race Between Ron Johnson and Mandela Barnes Focuses on Taxes
A recent campaign ad by the conservative Wisconsin Truth Super PAC accuses Mandela Barnes of failing to pay property and income taxes.
Meet Leonard Leo, the Man Who Orchestrates Conservatives’ Movements
Over the years, Leonard Leo has strategically placed himself in positions that strengthen his conservative voice and ability to influence politics.
Goldman Sachs Forecasts an Upswing in Household Income
Goldman Sachs forecasts household income will trend upwards by the end of the year. Will the predictions prove to be accurate? Here's what we know.
Billionaire Lawyer Drew Findling Will Represent Trump in Georgia Election Case
Former President Donald Trump has hired Drew Findling, #BillionDollarLawyer, to represent him in a Georgia election case. What's his net worth?
Would Student Loan Forgiveness Increase Inflation? All the Facts
The deadline for extending the federal student loan pause is Aug. 31. If the loans were forgiven, some worry that it could increase inflation.
Some Jobs Are Recession Proof — Certain Sectors Don't Take a Big Hit
Most economic sectors are impacted negatively in a recession. Are any jobs recession-proof? Here's what we know amid an impending recession.
Why the Student Loan Pause Might Not End in 2022
The repayments on student loans were paused in 2020 due to the COVID-19 pandemic. The pause ends in August but might get extended.
EV Tax Credit Set to Change After the Inflation Reduction Act
President Joe Biden has signed the Inflation Reduction Act of 2022 and the EV (electric vehicle) tax credit system is also set to change.
Don’t Wait for the Housing Market Crash, It Might Not Happen
As the housing market has started cooling, many people are wondering when the housing market is expected to crash. The crash might not happen.
Liz Cheney's Husband Is a Litigator — Did He Represent Hunter Biden?
Phil Perry, Liz Cheney's husband, has served as a litigation partner at Latham & Watkins since 2007 and has an estimated net worth of $3.5 million.
Following Primary Defeat, Will Liz Cheney Run for President?
Republican Liz Cheney lost her primary election on Tuesday night, but hinted at a potential run for president in 2024. Here's what we know.
Ranked-Choice Voting Debuted in Alaska as Voters Cast Special Election Ballots
Now that Alaskans are using the electoral system for the first time, see how ranked-choice voting works. Here's what we know about ranked-choice voting.
Dr. Oz’s Crudité Video Isn’t Helping His Claim That He’s a Pennsylvanian
Where in Pennsylvania does Dr. Oz live? Read about the U.S. Senate candidate and the skepticism about him living in Pennsylvania instead of New Jersey.
Trump Claims FBI Seized His 3 Passports During Mar-a-Lago Search
Trump says the FBI of “stole” his three passports during their Mar-a-Lago search, which may have been an official passport, a diplomatic passport, and a blue passport book.
JPMorgan CEO Jamie Dimon Warns of “Something Worse” Than a Recession
The odds of a recession have been rising as inflation still remains quite high. What did JPMorgan Chase CEO Jamie Dimon say about a recession?
Why a War Between the U.S. and China Wouldn't Be Ideal
Chinese government officials weren't pleased when Nancy Pelosi, the Speaker of the U.S. House of Representatives, visited Taiwan. Is China going to war with the U.S.?
Biden Cancels $3.9 Billion in ITT Tech Student Loans: What to Know
President Biden has canceled nearly $4 billion in student loans for former students of the now-defunct ITT Tech. Here's what we know about the cancelation.
When Was the Last Global Recession? What to Expect in 2022
There are fears of a global recession. When was the last global recession and are we headed towards one in 2022? Here's what we know.
Understanding Inflation — Causes and Different Types, Explained
Inflation has spiked globally over the last year. What causes inflation and what are the different types of inflation? Here's what we know.
Whole Foods CEO John Mackey Isn’t a Fan of Socialists — What Is He Then?
As the co-founder and CEO of Whole Foods, it isn't a surprise that John Mackey identifies as a conscious capitalist and not a socialist.
Senior White House Advisor Anita Dunn Must Divest Investments Due to Conflict of Interest
Anita Dunn, a senior White House official, will have to divest from millions in holdings and recuse from client issues due to ethics requirements.
How’s the U.S. Economy Doing? Depends on Who You Ask
The U.S. economic indicators have been mixed over the last few months. How’s the U.S. economy doing in 2022? The answer depends on who you ask.
Wholesale Inflation vs. Retail Inflation: What’s the Difference?
Wholesale inflation isn't the same thing as retail inflation. We'll break down the differences between wholesale inflation and retail inflation.
Certain States Criminalize Abortions — And Impose Harsh Punishments
Several states have abortion bans in place that ultimately make the procedure illegal and worthy of criminal punishments. In some states, getting an abortion will lead to being arrested.
FBI’s Mar-a-Lago Search Lasted Almost 10 Hours — What Was Recovered?
The FBI may have been looking for highly classified information Donald Trump allegedly took from the White House during their search of Mar-a-Lago. Did they find it?
Does July’s CPI Report Mean That Inflation Has Peaked?
The markets were eagerly awaiting the July inflation report for more clues regarding its direction. It was released on Aug. 10. We'll explain the July CPI report.
Top Stocks to Buy, Inflation Reduction Act Props Up Certain Investments
Now that the Inflation Reduction Act of 2022 has passed, certain investments (including green tech and infrastructure) seek to benefit.
Donald Trump Faces Deposition, Calls It a "Witch Hunt" Lead by Letitia James
Former President Donald Trump is facing deposition spearheaded by New York City Attorney General Letitia James. Here's what the deposition means.
Biden Signs CHIPS and Sciences Act to Address Semiconductor Shortage
The semiconductor shortage has been plauging the car industry for months, now Biden has signed a new bill to address the shortage. Here's what we know.
Bernie Sanders Challenges Democrats and Republicans to Get the Child Tax Credit Expanded
Bernie Sanders is trying to get the child tax credit expanded and both Democrats and Republicans struck the measure down. Will the expansion ever happen?
Trump Might Have Mishandled Classified Documents, FBI Takes Notice
Several FBI agents showed up at former President Donald Trump’s Mar-a-Lago home in Palm Beach, Fla. on August 8, 2022, possibly in search of some classified White House documents.
Who Appointed the Current FBI Director? Well, Former President Trump
The FBI recently searched Trump's Mar-a-Lago estate in Florida for documents that could be classified. The current FBI director was appointed by former President Trump.
How Do We Get Out of a Recession? Here’s the Scoop
Recession fears have been rising in the U.S. How do we get out of a recession? Actually, recessions are more common than many people think.
Memoir Publisher Says Mention of Tim Scott’s Presidential Bid Was a Mistake
What’s Tim Scott’s net worth? Learn about the South Carolina senator whose memoir’s copyright page claimed he has presidential ambitions.
Biden Expected to Postpone Student Loan Payments Again and Forgive Many
President Joe Biden is expected to postpone student loan payments yet again and announce loan forgiveness for up to $10,000 ahead of August deadline.
Did Donald Trump Flush Documents? Toilet Note Pictures Flood Social Media
An upcoming book about former President Donald Trump claims that he often tore up documents and flushed them down the toilet. Did Trump flush documents?
Why Are Airlines Canceling Flights and When Will Travel Improve?
Airlines across the country experienced their worst weekends of the summer. Why are airlines canceling flights and when will things get better?
Republicans Vote to Strike Down Insulin Price Cap for Non-Medicare Patients
Social media isn't happy with Republicans, particularly the ones who voted against capping insulin for non-Medicare patients. Here's why the Republicans voted the way they did.