US President Donald Trump holds up outgoing President Joe Biden’s letter as he signs executive orders in the Oval Office of the WHite House in Washington, DC, on Jan. 20, 2025. Jim Watson | AFP | Getty Images With President Donald Trump back in the White House and Republicans in control of Congress, experts worry […]
How Trump’s second term could mean the downfall of the FDIC, CFPB
Sweeping changes may be in store once President-elect Donald Trump takes office. Among them could be the closure of numerous federal agencies and regulators. Trump will be sworn in for a second nonconsecutive term in the White House on Jan. 20. Already, he has suggested major cuts to federal spending. To that end, Trump named Elon Musk and Vivek Ramaswamy co-chairs of […]
Cities where you can quickly save a 20% home down payment
Cofotoisme | E+ | Getty Images How long it takes you to save for a 20% down payment on a home depends in part on where you live. In a pricey area such as New York City, it could take the typical buyer roughly 10.85 years to save $173,000, which is 20% of the median […]
What to expect from travel prices in 2025
Osaka, Japan. Jiale Tan | Moment | Getty Images The new year has many travelers thinking ahead to 2025 vacation plans — and how much those trips may cost. About half — 51% — of Americans say flight cost will determine their destination choices this year, according to Skyscanner. And 50% said hotel costs are […]
IRS free Direct File expands to 25 states — but still faces scrutiny
Hirurg | E+ | Getty Images With the start of tax season approaching, Democratic and Republican lawmakers are split on the future of Direct File, the IRS’ free tax filing program. Direct File, which recently expanded to limited taxpayers in 25 states, processed roughly 140,000 returns in 2024 during the pilot that launched mid-season. The […]
Why now is an ideal time to do a financial reset, advisor says
More than half of U.S. consumers planned to make a financial resolution for 2025, according to a December poll by Discover Personal Loans. Even if you didn’t ring in the new year with some money goals in mind, it’s not too late to set some, experts say. In fact, now is a great time to […]
House Republicans push to extend Trump tax cuts amid pushback
Chairman Jason Smith (R-MO) speaks during a House Committee on Ways and Means in the Longworth House Office Building on April 30, 2024 in Washington, D.C. Anna Moneymaker | Getty Images News | Getty Images With less than one week until President-elect Donald Trump takes office, some House Republicans are pushing for swift extensions of […]
Biden’s latest round of student loan forgiveness: Who qualifies
President Joe Biden. Irfan Khan | Los Angeles Times | Getty Images Students from schools that misled them Nearly 85,000 people will get their federal student debt forgiven through the U.S. Department of Education’s Borrower Defense Loan Discharge program. People may be eligible for the option if their school closed while they were enrolled or […]
Student loan debt forgiven for another 150,000 borrowers under Biden
US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than 150,000 borrowers. That relief includes nearly 85,000 […]
What to know at tax time
Rhetoric & Writing Studies Major, Adamary Garcia studies inside of the Perry-Castaneda Library at the University of Texas at Austin on February 22, 2024 in Austin, Texas. Brandon Bell | Getty Images If your federal student loans were forgiven in 2024, you may be wondering if there are any tax implications. Many borrowers have benefited […]