Keyword "Fiscal Policy News" - List of latest news (39 results)

03:32 President Trump says tariffs on China will 'come down substantially'

President Trump said 145% tariffs on Chinese imports will "come down substantially" as his administration expressed optimism about a trade deal.

11/04 Elon Musk lowers DOGE's projected savings from $1 trillion to $150 billion

Elon Musk seemed to lower DOGE's estimated savings by saying he anticipates $150 billion in cut "waste and fraud" in the next fiscal year.

13/03 What happened to DOGE stimulus checks? How the idea originated and where things stand now

Americans continue to wonder about the possibility of DOGE stimulus checks. Here's where things stand and how the idea originated.

11/03 These states get up to half of their revenue from the federal government

Four southern states rank in the top 5 for dependence on federal dollars.

28/02 Medicaid covers kids, moms and grandmoms. Now it could be on the chopping block.

About 60% of American adults have either used Medicaid for health care coverage or know someone who has.

13/02 Trump wants to scrap pennies. What does that mean for the copper industry?

President Trump has ordered the government to stop making pennies, calling the coins "wasteful."

12/02 Inflation leaped 3% in January. Here's what it means for Fed rate cuts

Yearly inflation accelerated as food and energy costs increased, according to the CPI report.

10/02 Trump announces plan to stop making new pennies, citing production costs

President Donald Trump announced he is directing the treasury secretary to stop the production of pennies as a cost-cutting measure.

29/01 Fed meeting live updates: Rate cuts paused as inflation, Trump's plans create uncertainty

The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.

15/01 Inflation rose to 5-month high in December. What that means for Fed rate cuts.

Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.

26/12 Who qualifies for $1,400 IRS stimulus checks? Why are they being sent? Here's what to know

The Internal Revenue Service said Friday that one million taxpayers are set to receive about $2.4 billion in stimulus checks in the coming weeks.

08/02 What if the government abolished your 401(k)? Economists say accounts aren't worth it

Two economists argue Congress should abolish the subsidies that allow people to make pre-tax contributions to retirement savings accounts.

20/12 Want your student loans forgiven? Eligible borrowers will need to do this by April

If you have a loan that isn't held by the Education Department, you’ll need to consolidate into a new Direct Consolidation Loan by April 30, 2024.

01/12 GDP may paint a sunny picture of the economy, but this number tells a different story

Gross domestic product, or GDP, portrays US economy as remarkably resilient. But another measure - gross domestic income - revives recession fears.

21/11 IRS delays 1099-K rules for ticket sales, announces new $5,000 threshold for 2024

The IRS again delays law that would have required Ticketmaster, Venmo, and others to issue 1099-Ks to those with more than $600 in revenue in 2023.

19/11 Stocks and your 401(k) may surge now that Fed rate hikes seem to be over, history shows

The Federal Reserve seems to be done with its aggressive interest rate hikes, economists say. That could turbocharge stocks and your 401(k).

15/11 How will a federal government shutdown affect me? Disruptions hit schools, air travel, more

Longer airport lines. Hazardous drinking water. Shuttered national parks. Here's how a looming shutdown could affect you.

10/11 IRS announces new tax brackets for 2024. What does that mean for you?

The new income thresholds have been bumped by more than 5%.

09/11 Jerome Powell's fed speech today brought interest rate commentary and a hot mic moment

More interest rate hikes are still possible, Fed chair Jerome Powell said in a speech Thursday, after climate protesters briefly interrupted him.

05/10 Student loan debt forgiveness arrives for some borrowers as payments resume for others

The administration’s actions come as student loan payments return for millions of borrowers after a more than three-year hiatus during the pandemic.

03/10 Student loan repayments: These charts explain how much student debt Americans owe

After three and a half years of the federal student loan payment pause, an estimated 44 million federal student loan borrowers are expected to resume payments.

27/09 Government shutdown live updates: What are the chances of a government shutdown? How it affects you

The chances are growing for a government shutdown on Oct. 1, as the House and Senate have not agreed on a spending plan or continuing resolution.

26/09 What does a federal government shutdown mean? How you and your community could be affected

Longer airport lines. Hazardous drinking water. Shuttered national parks. Here's how a looming shutdown could affect you.

24/09 How inflation will affect Social Security increases, income-tax provisions for 2024

The Social Security cost-of-living adjustment for 2024 won’t be as high as the 8.7% adjustment for 2023, probably in the low 3% range.

19/09 What is the Federal Reserve's 2023 meeting schedule? Here is when the Fed will meet again.

The Federal Reserve's next meeting begins Sept. 19 and its decision on rate hikes is due on Sept. 20. Here are the other Fed Meetings in 2023

14/09 Is there a tax on student loan forgiveness? If you live in these states, the answer is yes.

Millions of Americans had student debt canceled despite the Supreme Court's decision. Some will owe state taxes on it. Find out if you're one of them.

13/09 Social Security COLA 2024 prediction rises with latest CPI report, inflation data

The Social Security cost of living adjustment forecast rose with inflation in August, but seniors are still struggling from two years of inflation.

12/09 'The streak is now broken': In a shift, more Americans fell below US poverty line in 2022

The new data confirms predictions from many social scientists who warned the end of pandemic benefits would push more people into poverty.

12/09 Recession in U.S. becomes increasingly less likely, but odds are highest in West, South

U.S. recession risks have dropped but the odds of a downturn are higher in the West and South, one study says. They could see home prices fall.

01/09 New food stamp requirements start in September. What the changes mean for you

Congress made changes to the Supplemental Nutrition Assistance Program, or SNAP, to expand age requirements for some food stamp recipients.

01/09 Texas waves goodbye to sales tax on menstrual products, diapers: 'Meaningful acknowledgment'

The new Texas law, signed by Gov. Abbott, goes into effect Friday. In addition to menstrual products, it axes taxes on diapers and maternity clothes.

31/08 Congress returns after Labor Day. With it, Americans' fears of a government shutdown crisis

A new poll shows that Americans want Democrats and Republicans to avoid a government shutdown and fear what will happen if they don't.

21/08 Americans are demanding more: Desired salary for new jobs now nearly $79,000

Americans want nearly $79,000 a year to take a new job, a NY Fed survey shows. That's the highest since the NY Fed began collecting the data in 2014.

19/08 Social Security COLA increase will ‘return to reality’ in 2024 after jump, predictions say

In the past two years, those receiving Social Security have seen large cost-of-living adjustments that can help. Many wonder what's next in 2024?

16/08 FOMC meeting minutes release indicates the Fed may not be done with rate hikes

Most FOMC participants \

10/08 Social Security COLA 2024 estimate didn't increase with CPI report. Seniors still struggle.

Social Security's 2024 cost-of-living adjustment (COLA) estimate is 3%, down from the four-decade high of 8.7% in 2023, as inflation eases.

10/08 CPI live updates: July report is expected to show inflation rose slightly

The latest CPI report is expected to show inflation increased slightly in July, interrupting a year-long streak of waning price hikes.

08/08 Consumer credit grows at moderate pace as Fed rate hikes take hold.

Consumer credit rose in June but at a slower pace, Fed data showed. Some economists wonder how much longer consumers can carry the economy.

31/05 False claim Trump increased debt more than any president | Fact check

The total federal debt increased more under the Obama administration than it did under Trump, according to government data.