Stocks plunge on recession jitters

Also: The future of student loans ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Tue Mar 11 2025 Daniel de Visé |  Personal Finance Reporter Good morning! It's Daniel de Visé with your Daily Money. U.S. stocks plunged Monday, with the tech-heavy Nasdaq and broad S&P 500 posting their biggest one-day drop since September 2022, amid heightened risk of recession after President  Donald Trump declined to rule one out. Investors freaked out, essentially, after Trump refused to rule out a recession during a Fox News interview on Sunday. Here's how stocks are shaping up on Tuesday. What happens now to student loans? President Trump is expected to act soon on his promise to dismantle the federal Department of Education, the agency that supplies funding to public schools, enforces anti-discrimination laws and administers the Student Aid Program.  It also oversees federal student loans held by nearly 43 million people, or one in six American adults. Now, borrowers are wondering what a shutdown will mean for their loans and repayment plans. Which states depend the most on federal funds? Four southern states rank in the top five nationally for their dependence on federal dollars, according to a new report. And a very northern state, Alaska, is the most "federally dependent" in the union, according to WalletHub. The report has currency in light of the Trump administration's recent efforts to freeze federal funding to programs that do not align with the Republican agenda. 📰 More stories you shouldn't miss 📰 • COVID-19 changed the housing market for good • Are we heading for a recession? • Setting boundaries for a chatty coworker • Inflation got you down? Here's a $19 strawberry. • Breaking down Social Security taxes 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. Stock market struggles at open amid tariff, recession, consumer fears US stocks open mostly down as worries over the tariffs and the economy linger. Companies say consumer demand's slowing and Trump ups Canadian tariffs. READ MORE What happens to student loans if Trump dismantles Education Department Borrowers are wondering what will happen to their loans and repayment plans if President Trump closes the Department of Education. READ MORE These states are the most dependent on federal revenue Four southern states rank in the top 5 for dependence on federal dollars. READ MORE As trade war widens, recession odds rise President Trump's expanding trade war is boosting the chances of a recession. Layoffs are rising and consumer confidence and spending are sliding. READ MORE The housing market was redefined by COVID as Americans made moves Five years after the COVID lockdowns, remote work has reshaped the housing market. READ MORE Blindsided by Social Security benefit taxes? We break it down Tax season usually brings a refund check for most workers, but if you're retired, you could wind up owing the IRS. READ MORE How to set boundaries for a chatty colleague at work Setting boundaries doesn't have to be awkward or rude; people often need guidance on when it's the right time to chat at work. READ MORE 'Best strawberry I've ever had:' $19 Erewhon strawberry goes viral A $19 strawberry, sold exclusively at Erewhon, has generated some unique reactions online. Here's what people are saying about it. READ MORE Best age to take Social Security, based on simple math Americans endlessly debate the best age to claim Social Security. If you ask economists and actuaries, the answer is actually pretty simple. READ MORE 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. READ 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 Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •   Privacy Notice  •  Do Not Sell My Info/Cookie Policy  •  Feedback