Jacob Wackerhausen | Istock | Getty Images House Republicans’ child tax credit plan The Tax Cuts and Jobs Act, or TCJA, of 2017, temporarily boosted the maximum child tax credit to $2,000 from $1,000, an increase that will expire after 2025 without action from Congress. If enacted, the House bill would make the $2,000 credit […]
Medicaid work requirements would reduce health coverage: Senator
U.S. Senator Raphael Warnock speaks at the Capitol on April 10 in Washington, D.C. Jemal Countess | Getty Images Entertainment | Getty Images Republican lawmakers may be looking at substantial cuts to Medicaid in upcoming reconciliation legislation. But one method of restricting access to coverage — work requirements — could have disastrous results for Americans, […]
Social Security COLA for 2026 projected to be lowest in recent years
Customers shop for produce at an H-E-B grocery store on Feb. 12, 2025 in Austin, Texas. Brandon Bell | Getty Images The Social Security cost-of-living adjustment for 2026 is on pace to be the lowest annual benefit increase in five years, according to new estimates. But that may change depending on the pace of inflation […]
Defaulted student loan borrowers and wage garnishment: What to know
U.S. President Donald Trump takes a question from a reporter during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Andrew Harnik | Getty Images Shortly after the Trump administration resumed collection efforts on defaulted federal student loans, the Education Department offered more detail to borrowers […]
Social Security changes to monitor under new agency leadership
A Social Security Administration office in Washington, D.C., on March 26. The Department of Government Efficiency (DOGE) is reportedly aiming to reform and downsize the agency. Saul Loeb | Afp | Getty Images The Social Security Administration is under new leadership, after financial services executive Frank Bisignano was sworn in as commissioner this week. Bisignano’s […]
The key issues and who stands to benefit
U.S. President Donald Trump announces the NFL draft will be held in Washington, at the White House in Washington, D.C., U.S., May 5, 2025. Leah Millis | Reuters As negotiations ramp up for President Donald Trump‘s tax agenda, there are key issues to watch, according to policy experts. The House Ways and Means Committee, which […]
How top tax rates compare, as Trump eyes hike for wealthy
U.S. President Donald Trump points as he attends the annual Friends of Ireland luncheon hosted by U.S. House of Representatives Speaker Mike Johnson (R-LA) at the U.S. Capitol in Washington, D.C., U.S., March 12, 2025. Evelyn Hockstein | Reuters As Republicans wrestle with funding their massive spending and tax package, President Donald Trump is eyeing […]
How to land a job in a ‘low firing, low hiring’ market: economist
Job seekers at a job fair hosted by the Metropolitan Washington Airports Authority to support federal workers looking for new career opportunities, at Ronald Reagan Washington National Airport in Arlington, Virginia, on April 25, 2025. Ting Shen/Bloomberg via Getty Images These days, job hunting may feel like something of a paradox: Even though the overall […]
I bonds investments and Trump’s tariff policy: What to know
Kate_sept2004 | E+ | Getty Images As investors worry about future inflation amid President Donald Trump‘s tariff policy, some experts say assets like Series I bonds could help hedge against rising prices. Currently, newly purchased I bonds pay 3.98% annual interest through October 31, which is up from the 3.11% yield offered the previous six months. Tied to […]
How soon defaulted student loan borrowers may face collections
US President Donald Trump signs executive orders relating to higher education institutions, alongside US Secretary of Education Linda McMahon (R), in the Oval Office of the White House in Washington, DC, on April 23, 2025. Saul Loeb | Afp | Getty Images The Trump administration resumed collection efforts on defaulted student loans Monday after a […]