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.
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.
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.
Stock Buybacks Receive Favorable Tax Treatment Even With Tax Code Change
Stock buybacks will see a tax code change after the Senate passed the Inflation Reduction Act of 2022, but the maneuver still receives favorable tax treatment.
If You Don't Like Roger Waters' Politics, Don't Go to His Show
If you love Pink Floyd's music but don’t like Roger Waters’ politics, you “might do well to f**** off to the bar,” Waters says in his new This Is Not a Drill Tour.
Moore v. Harper, Explained: Are Voting Rights in Jeopardy?
Moore v. Harper is a case the U.S. Supreme Court will hear this fall. It could allow North Carolina legislators to draw unfair congressional district maps with partisan gerrymandering.
Jen Psaki: See Where the Former Press Secretary Is Now
What happened to Jen Psaki after she left her job as the White House press secretary? There were claims that she has a net worth of $27 million.
States Are Pushing Anti-ESG Bills — There's Plenty at Stake
States across the U.S. are proposing anti-ESG legislation that could stall sustainable investing. There's plenty at stake. We've got all the details.
Will the Inflation Reduction Act Increase Taxes? Targets Corporate Taxes
The proposed climate bill that Senator Joe Manchin has pivoted to support (the Inflation Reduction Act of 2022) could soften inflation’s blow — but what about taxes?
When Is Missouri Senator Josh Hawley Up for Re-Election?
Republican Josh Hawley was elected to the Senate in 2018, and he's one of the youngest senators on Capitol Hill. When is Hawley up for re-election?
Latest Job Numbers May Be an Important Piece to Determining a Recession
The job report for July comes out on Aug. 5, and many are anticipating the numbers because they could signal an official recession.
What Happens When a Member of Congress Dies Before an Election?
What happens when a member of Congress dies before an election? Usually, a special election is required. We'll take a look at the laws.
Biden's Executive Orders on Abortion Aim to Protect Women's Healthcare Rights
Biden’s latest executive order on abortion aims to protect access to reproductive healthcare services. Will it make it easier for women to access an abortion?
Wikipedia Clamps Down on Changes to "Recession" Definition
Wikipedia, which allows almost anyone to edit it, has had so many edits to the “recession” page that it has clamped down on the number of changes that can be made.
What Will Happen if the MORE Act Is Passed the Senate
The MORE Act passed the House in April 2022, and will next move to the Senate. When does the Senate vote on the MORE Act?
Trudy Busch Valentine's Net Worth and Investments May Impede Her Race for Senate
Senate candidate Trudy Busch Valentine is running for Senate but her healthcare investments and net worth have been concerning voters.
Biden’s Daughter’s Diary Allegedly “Passed Around” at Trump Fundraiser
Get all the details on who allegedly brought Ashley Biden’s diary to a Trump fundraiser for attendees to view. What happened to the diary?
Arizona's MAGA Gubernatorial Candidate Kari Lake Has a Solid Net Worth
Kari Lake, former TV journalist, is running in the Republican primary for Arizona's governor. What's her net worth today? Here's what we know.
Will Senator Krysten Sinema Vote For the Inflation Reduction Act?
Senator Krysten Sinema, a Democrat from Arizona, will cast a key vote in the Inflation Reduction Act, but remains undecided.