Monday, January 6, 2025

A Social Security win for public workers

Also: Whither the economy? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
Read in browser
 

The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Jan 6 2025

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money. We plan to linger on the newsletter this morning, to put off the inevitable snow-shoveling .

President Joe Biden signed a bill Sunday that boosts Social Security benefits for millions of public sector workers. The White House describes it as the first expansion of such benefits in 20 years.

The Social Security Fairness Act eliminates two decades-old provisions that reduced Social Security benefits for some retirees who also received pension income. Here's a look at some of the workers affected.  

Where's the economy headed in 2025?

The U.S. economy and job market are expected to cool in 2025. Despite that, forecasters expect another year of solid growth, Paul Davidson reports.

But the outlook is leavened with an unusual dose of uncertainty. Here's why.

Alcohol makers aren't thrilled about new rules

For the companies that brew, ferment, distill, bottle and sell alcohol in the U.S., the latest missive from the Surgeon General about alcohol and cancer is going down like a poorly worded toast. 

For years, academic researchers and the media delivered a mixed message to Americans about the safety of moderate drinking. Some studies say modest amounts of alcohol might confer health benefits, while others say any drinking will hurt you. 

On Friday, America's top physician, Surgeon General Vivek Murthy, issued an advisory urging the nation to focus on alcohol's perils and calling for explicit warnings about cancer on alcohol bottles and cans. 

📰 More stories you shouldn't miss 📰

Should drinkers pay more for health insurance?
IRS tax deadlines for 2025
Real ID deadline is this year
The most "significant" cars of the 2000s
Nine smart money moves for the new year

About The Daily Money

Each weekday, The Daily Money  delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

U.S. President Joe Biden hands a pen to Bette Marafino, President of the Connecticut Chapter of the Alliance for Retired Americans, as they participate in a bill signing ceremony for the "Social Security Fairness Act" in the East Room of the White House, in Washington, U.S. January 5, 2025.

The Social Security Fairness Act eliminates two provisions that reduced Social Security benefits for some retirees who also received pension income.

U.S. President-elect Donald Trump speaks at Turning Point USA's AmericaFest in Phoenix, Arizona, U.S., December 22, 2024.
 

Economy set for a strong 2025. But some Trump plans could slow growth.

The economy and job market are likely to turn in a solid year in 2025 but growth is set to slow as Trump tariff, immigration plans take shape

A pinot noir is poured into a wine glass on Tuesday, Nov. 19, 2024, in Salem, Oregon.
 

A new cancer warning sank alcohol stocks. Will it sink sales, too?

For the companies that brew, ferment, distill, bottle and sell alcohol, the surgeon general's new missive is going down like a poorly worded toast.

A man stands with a sandwich board advertisement for income tax preparations in the Times Square area of New York City, U.S., March 11, 2024.
 

Here are the IRS tax deadlines for 2025

Taxes are due by April 15, which falls on a Tuesday this year. If you don't expect to file by then, you can request a six-month extension.

The Surgeon General warned drinking alcohol is linked to higher cancer rates. The warning has stirred debate about whether health insurers should be allowed to charge higher rates for people who consume alcohol.
 

Health insurers can charge smokers higher rates. Are drinkers next?

With the growing body of medical evidence linking alcohol use to cancer and other deadly diseases, could heath insurers charge drinkers more?

A plane blends in with Cincinatti's cloudy skyline on Friday, Aug. 30, 2024.
 

Have plans to travel this summer? You'll need Real ID to get off the ground

The Real ID deadline is really here this year. Here's what you need to know if you plan on traveling this summer or beyond.

000 most significant cars of the 2000s motortrend alan muir design
 

The most significant cars of the 2000s

A time of greatness and a time of upheaval describes a wild automotive decade.

A finger is about to push a button labeled 2025 start.
 

9 smart money moves to make this new year

Number one: Get out of debt. Here's what else you can do to set yourself up for financial success long past 2025.

A general view of Dublin, Ireland with the Ha'Penny Bridge on Dec. 16, 2017.
 

Forget about Paris: 7 affordable European destinations in 2025

Europe can be expensive to visit, but these are seven of the most budget-friendly destinations in 2025, according to Chase Travel.

USA TODAY
 

Download USA TODAY's app to get to the heart of news

Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more.

 

Sign up for the news you want

Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you.

SEE ALL NEWSLETTERS 

Newsletters   |    eNewspaper   |    Crosswords

Follow Us

Problem viewing email? View in browser

LiveIntent Logo AdChoices Logo

No comments:

Post a Comment

Screen Actors Guild Awards: The top nominees in photos

See which actors and films were nominated in top categories for the 2025 Screen Actors Guild Awards, which will be handed out Feb. 23. ͏...