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. |
The Consumer Financial Protection Bureau is the latest government agency potentially on President Donald Trump's chopping block. |
Not only did Trump fire Rohit Chopra, who headed the independent agency, on Feb. 1, but over the weekend, Russell Vought, the newly installed director of the Office of Management and Budget, directed the CFPB to stop working. |
If the CFPB gets axed, as some expect, watchdogs say consumers could pay dearly. And not just in cash. |
Retailers: Don't put all our eggs in one basket |
Trader Joe's and other retailers have recently moved to enact a purchase limit on eggs as a result of ongoing pricing and availability issues brought on by the H5N1 bird flu and panic shopping. |
"Due to ongoing issues with the supply of eggs, we are currently limiting egg purchases to one dozen per customer, per day, in all Trader Joe's stores across the country," the grocery chain confirmed in a Monday statement. |
Tariffs, inflation and the Fed |
Federal Reserve Chair Jerome Powell is expected to be grilled by U.S. lawmakers Tuesday about when the central bank will resume its interest rate-cutting campaign after pausing last month amid elevated inflation and turmoil surrounding President Donald Trump's economic policies. |
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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. | | | | The Trump administration's got its eyes on the Consumer Financial Protection Bureau. What's at stake for Americans? Experts weigh in. | | | | Trader Joe's and other retailers have moved to limit the number of eggs customers can buy as a result of the national shortage. | | | | The Fed faces complex decisions as it decides how quickly to cut rates or whether to raise them amid Trump's tariffs and immigration crackdown. | | | | In 2024, 23% of all steel used in the U.S. was imported, with Canada, Brazil, Mexico, South Korea and Vietnam as the biggest suppliers. | | | | President Donald Trump wants to end minting the penny, calling it a waste of money. So how much does it cost to make? The U.S. Mint says 3.69 cents. | | | | If your employer has a formal policy about workplace dating, ensure you and your partner comply with that policy and any disclosure requirements. | | | | Although most stocks made forward progress in January, a few of them bucked the bigger trend for understandable reasons. | | | | Which states tax Social Security? Most states don't tax Social Security but some do. Here's which ones they are, and how they might do it. | | | | While gear is created in advance for an outcome favoring either team, only one can win. So what happens to the unsold merch? We found out. | | | | 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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