U.S. House of Representatives Speaker Mike Johnson and other Republican House members celebrate following the signing of U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., July 3, 2025. Jonathan Ernst | Reuters How to read this guide Follow along from start to finish, or use the table […]
How Trump tariffs may affect debt repayment: survey
Studio4 | E+ | Getty Images As President Donald Trump continues to negotiate the rate of tariffs that countries will ultimately pay to do business with the U.S., Americans are already feeling the pinch of higher prices — and many worry about their ability to pay down debt. About 78% of survey respondents say Trump’s […]
Trump ‘big beautiful bill’ gives top 1% biggest tax cuts in these states
Speaker of the House Mike Johnson, R-La., speaks to reporters as he walks back to his office as the House of Representatives waits to vote on President Trump’s “big beautiful bill” reconciliation package on July 3, 2025. Bill Clark | CQ-Roll Call, Inc. | Getty Images A massive package of tax cuts President Trump signed […]
Trump’s ‘big beautiful bill’ passes SALT deduction limit of $40,000
U.S. House of Representatives Speaker Mike Johnson speaks after the U.S. President Donald Trump’s sweeping spending and tax bill passes, on Capitol Hill in Washington, D.C., U.S., July 3, 2025. Umit Bektas | Reuters House Republicans on Thursday approved President Donald Trump‘s “big beautiful bill,” which includes changes to the limit for federal deduction for […]
Tax deductions and Trump’s ‘big beautiful’ bill: Here’s who benefits
Senate Majority Leader John Thune (R-SD), flanked by Sen. John Barrasso (R-Wyoming), Sen. Mike Crapo (R-Idaho) and Sen. Lindsey Graham (R-SC), speaks to reporters after the Senate passed President Trump’s reconciliation package on July 1, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images Tax cuts are the centerpiece of a massive legislative package […]
What the Senate Republican ‘big beautiful’ bill means for your money
Senate staffers rest on the U.S. Capitol steps at sunrise as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., July 1, 2025. Nathan Howard | Reuters How to read this guide Follow along from start to finish, or use the table of […]
Trump bill helps wealthy, hurts low earners: Yale report
Senate Majority Leader John Thune (R-SD) speaks during a news conference following the weekly Senate Republican policy luncheon at the U.S. Capitol on June 17, 2025 in Washington. Anna Moneymaker | Getty Images News | Getty Images A massive legislative package Senate Republicans are trying to pass this week would hurt the lowest-earning Americans financially […]
How ‘revenge saving’ can improve your finances
Americans are tightening their belts, as concerns about tariffs, inflation, job security and market volatility have prompted many consumers to pare back their spending and increase their savings, financial experts say. The U.S. personal saving rate — the percentage of disposable income that U.S. households save, after they pay taxes and spend money — has […]
Debt is a ‘growing force’ influencing jobseekers’ choices, expert says
Svetikd | E+ | Getty Images Many Americans are carrying debt — and for some, the liability is influencing their career choices and job hunting behaviors. “Debt is a growing force behind why people take certain jobs, stay in roles longer than they’d like, or hesitate to make a career pivot,” said Priya Rathod, a […]
Medicaid cuts still in ‘big beautiful’ bill after parliamentarian ruling
An inflated pig with the message “Medicaid Is Not A Piggy Bank For Billionaires” is stationed at a rally opposing House Republicans Tax Proposal prior to the final House Vote on Capitol Hill on May 21, 2025 in Washington, D.C. Jemal Countess | Getty Images Entertainment | Getty Images While some Medicaid cuts proposed in […]