ALL THE MONEY NEWS YOU NEED TO KNOW | | | | Daniel de Visé | Personal Finance Reporter
| | |
Good morning! It's Daniel de Visé with your Daily Money. |
Is it a "big, beautiful bill," or a "disgusting abomination"? |
The latter descriptor comes from Elon Musk . Days after leaving his role in the White House, Musk excoriated President Donald Trump's tax and domestic policy bill, escalating his criticism of the president's signature legislation over concerns that it will increase the deficit. |
Can powerful alumni save Harvard? |
Harvard University's alumni, nearly half a million strong, include some of the most powerful and wealthy people in the United States. Donations to their alma mater amount to hundreds of millions of dollars annually. |
Since President Trump began targeting the Ivy League campus as part of a pressure campaign to reform American colleges, Harvard has come to need the public and financial support of its alumni more than ever. Can they make a difference? |
Education Department pauses loan collections |
The Department of Education has paused its plan to garnish Social Security benefits for defaulted student-loan borrowers, a process that was initially set to take effect when the administration restarted student debt collections on May 5. |
The announcement is a reversal for the administration, which announced last month that the Education Department's Office of Federal Student Aid would resume collections of its defaulted federal student loan portfolio, ending a more than five-year deferment amid the pandemic. |
📰 More stories you shouldn't miss 📰 |
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. | | Days after leaving the White House, Elon Musk slammed President Trump's big tax bill. "I'm sorry, but I just can't stand it anymore," Musk said. | | Harvard has nearly half a million alumni. Could they help cushion the blow from federal funding cuts? | | | | The Department of Education says it paused the garnishment of Social Security benefits among defaulted loan borrowers, with plans to resume them "this summer." | | | | The wholesale prices of eggs began falling in mid-March. Retail prices are starting to follow suit. | | | | All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, and the vehicle you buy. | | | | Foods from Doritos to Froot Loops could be labeled as having ingredients 'not recommended for human consumption' under this Texas bill. | | | | Thrifty Traveler first reported that some airlines were charging higher prices for solo travelers. It's not widespread, but it is annoying. | | | | The average monthly check for retired workers is on track to cross a psychologically important level that's not been witnessed in 90 years. | | | | It's easier than ever to track down lost 401(k) retirement accounts. And here's an incentive: The average balance is $56,000. | | | | 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. | | | | | |
No comments:
Post a Comment