ALL THE MONEY NEWS YOU NEED TO KNOW | |
President Donald Trump has announced a trade deal with the United Kingdom. It is the first trade pact since he paused reciprocal tariffs and began negotiating with countries to lower trade barriers. |
Trump imposed reciprocal tariffs on a number of countries April 2 but later paused most of them for 90 days, saying those nations' leaders were eager to negotiate trade deals. Since then administration officials repeatedly have said they are close to making deals, reports Zac Anderson. |
The UK wasn't hit with a reciprocal tariff but faces a 10% universal tariff and 25% tariffs Trump imposed on foreign automobiles, steel and aluminum. |
More details of the trade deal will be released this morning during a press conference. | U.S. President Donald Trump holds a letter from Britain's King Charles as he meets with British Prime Minister Keir Starmer in the Oval Office at the White House in Washington, D.C., U.S., February 27, 2025. Kevin Lamarque, REUTERS |
Defaulted student loan borrowers face threat |
More than 5 million student loan borrowers who are behind on their payments could soon face serious benefit consequences by the end of the summer. |
The U.S. Department of Education announced on May 5 that by the end of summer, 5.3 million defaulted student loan borrowers will receive a 30-day notice from the U.S. Department of Treasury, notifying them that they could lose federal benefits. |
📰 Consumer stories you shouldn't miss 📰 |
What happens when your 8-year-old orders nearly 70,000 Dum Dum lollipops to be delivered to your house? A Kentucky mom couldn't believe it when her son yelled: "Mom, my suckers are here!" |
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. | | President Donald Trump said Thursday that an agreement with Britain would be a full and comprehensive one. | | By the end of summer, 5.3 million defaulted student loan borrowers may lose federal wages and benefits, the Department of Education announced. | | | | Cut down on any potential in-car chaos by packing these useful yet unexpected items on your next road trip. | | | | Jerome Powell said the Federal Reserve can wait to see which effect from Trump's tariffs is worse - high inflation or a weak economy. | | | | Air Traffic Controllers are well-paid but work under a lot of stress. Here's what's required to do the job. | | | | Mexico will begin charging cruise passengers a new fee starting this July, but lower than initially feared. | | | | Apple executive Eddy Cue said the iPhone maker is "actively looking at" adding AI as an alternative to search. What this means for you. | | | | Liam LaFavers, 8, spent $4,200 on the Dum-Dum lollipops on May 3. In total, he ordered nearly 70,000 suckers, or 30 cases of the popular candy. | | | | After days of chaos at Newark Liberty International Airport, travel headaches are easing and the FAA is implementing a plan for fixes. | | | | 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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