Thursday, February 20, 2025

Are dead people collecting Social Security?

Also: More stimulus checks could be coming ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Feb 20 2025

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

The Department of Government Efficiency has turned its attention to the Social Security Administration database after Elon Musk claimed that tens of millions of dead people are still collecting benefits.

More stimulus checks could be coming

President Donald Trump announced that he's considering issuing stimulus checks to Americans from the claimed savings reaped by the Department of Government Efficiency.

"We're considering giving 20% of the DOGE savings to American citizens and 20% to paying down the debt," Trump said in a tangential comment during the Saudi-sponsored FII PRIORITY Summit in Miami Beach on Wednesday.

Trump order aims to expand IVF access

President Trump has signed an executive order to expand access to and reduce the cost of in vitro and other fertilization treatments.

The order directs his domestic policy advisers to make recommendations on how to lower costs for IVF, both for patients using health insurance and those paying out of pocket. 

📰 More stories you shouldn't miss 📰

Is it worth buying a vehicle out of state?
Will IRS layoffs affect your refund?
What to know about the midair crash
Fresh competition for Tesla Model S
Protecting your investments against a crash

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.

Elon Musk leaves after a meeting with Indian Prime Minister Narendra Modi at Blair House, in Washington, D.C., U.S., February 13, 2025.

Elon Musk falsely claimed there were tens of millions of people aged 100-159 still receiving Social Security benefits.

A family's stimulus check from the U.S. Treasury for the coronavirus disease (COVID-19) aid arrived in the mail in Milton, Massachusetts, U.S., March 25, 2021.
 

What to know about DOGE stimulus checks idea mulled by Trump

The CEO of investment firm Azoria lobbied DOGE figurehead Elon Musk to have the department issue stimulus checks from some of the claimed $55 billion in savings.

U.S. President Donald Trump speaks at Mar-a-Lago in Palm Beach, Florida, U.S., February 18, 2025.
 

Trump signs executive order to reduce IVF cost, protect access

The order calls for policy recommendations to "protect IVF access and aggressively reduce out-of-pocket and health plan costs for such treatments."

The average federal income tax refund in 2024 was $3,138 based on IRS data through Dec. 27, down 0.9% from the same period in 2023.
 

Will IRS layoffs affect your 2025 tax refund? What to know

More than 6,000 IRS employees are set to be laid off, according to reporting from Reuters and the New York Times. Will these layoffs affect your refund?

Bear silhouette against a stock market chart.
 

Here's what I'm doing to protect my investments if the market crashes

While nobody can predict what the market will do, especially in the short term, some metrics suggest that a downturn could be on the horizon.

A photo Paul Hanson snapped on his way back to Iowa after picking up a used GMC truck in Washington.
 

The perks, hurdles of making a long-distance purchase

Online marketplaces have made car shopping across the country easier, but experts say buyers should take percaution if purchasing a car sight unseen.

Two people are dead following a midair collision involving two smaller planes on Feb. 19, 2025, at the Marana Regional Airport northwest of Tucson, officials said.
 

What we know about the midair plane crash in Arizona that killed 2

The crash at the Marana Regional Airport, about 21 miles northwest of Tucson, is the second fatal aviation mishap this month in Arizona.

MotorTrend image
 

The Tesla Model S is finally getting fresh competition — from Volvo

Volvo will launch a full-size ES90 electrified sedan later this year, among an onslaught of fresh products.

U.S. President Donald Trump points as he speaks at Mar-a-Lago in Palm Beach, Florida, U.S., February 18, 2025. REUTERS/Kevin Lamarque
 

Trump says auto tariffs likely to start at 25%

President Donald Trump says he's planning to enact auto tariffs in the "neighborhood of 25%" to encourage companies to shift production from overseas.

USA TODAY
 

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