ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
DOGE's latest move in a campaign to cut government spending may be new for the federal government, but the "slash and burn" layoff strategy was ripped straight out of the private sector's playbook, Bailey Schulz reports. |
After thousands of government layoffs, the Office of Personnel Management on Saturday directed federal workers to email a list of roughly five accomplishments from the previous week by 11:59 p.m. EST Monday. The email spurred backlash from federal agencies. But for private companies, it's not so unusual. |
Why are tax returns slowing this year? |
Tax season continued its sluggish start into early February, but tax refunds continued to steadily roll out the door, Susan Tompor reports. |
Every tax season has its own quirks and nuances. And oddly enough, the Internal Revenue Service has received 7.7% fewer returns so far this year. The agency also has processed 7.6% fewer returns through Feb. 7, according to the latest data, published Friday. |
Get a job or lose Medicaid? |
Republicans in Congress are resurfacing an old idea: requiring many adults on Medicaid to get a job in order to keep their health insurance. |
The work requirement is one of several ways the GOP is seeking to slash hundreds of billions of dollars from Medicaid, the government health program for low-income and disabled residents that covers about 1 in 5 Americans. Medicaid also covers pregnant women, 2 in 5 child births, and nursing homes for some low-income seniors and others. |
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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. | | | | DOGE's attempt to trim jobs may be new for the federal workforce, but one expert said the strategy was ripped from the private sector's playbook. | | | | Early results from the IRS indicate that 7.7% fewer tax returns were filed in the first two weeks of the 2025 season. Why are some delaying filing? | | | | Arkansas and Georgia both imposed job requirements for Medicaid recipients. Advocates said the programs added red tape and administrative costs. | | | | Full retirement age for Social Security benefits has been inching up to 67 from 65. This year, it finally hits 67. Here's what that means for you. | | | | During his presidential campaign, Donald Trump promised to end federal taxation of Social Security retirement benefits. | | | | Starbucks will lay off 1,100 non-retail employees as Brian Niccol, the new CEO of the Seattle-based coffee chain, aims to streamline operations. | | | | Want to make sure a move in retirement is the right plan for you? Thinking about these five things can help. | | | | A good career coach will help you assess your skills, interests, and long-term goals, guiding you toward the right career path. | | | | President Trump has floated the idea of giving taxpayers a $5,000 refund check as a dividend from savings created by DOGE. Here's what to know. | | | | 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. | | | | | | |
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