November 5, 2026

The Daily Overview

Money, Wealth & Power—A Daily Look at the Financial World

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Taxes & IRS

IRS says it protected $38 billion from identity theft refund fraud in fiscal 2026

The Internal Revenue Service says it kept about $38 billion out of the hands of identity thieves who tried to claim tax refunds in other people’s names during fiscal year 2026. The agency disclosed the figure in its annual performance report released October 29. The figure counts refund money the agency says it stopped from...

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Medi-Cal cuts its senior asset limit from $130,000 to $21,000 in July 2027

Dollar General sued by FTC and 20 states over checkout prices above shelf tags

Social Security collects $645 million in overdue debts through Treasury offsets

Comcast axes 634 jobs at its Philadelphia headquarters starting December 31

IRS storm-relief filing deadline ends November 2 in Michigan and Wisconsin

Debt relief scheme that posed as banks hit with a $106.8 million judgment

Four Social Security credits will take $7,880 of earnings in 2027

$359.9 million RealPage rent settlement takes claims until January 29

Blue Cross Blue Shield of Texas exits individual Medicare Advantage for 2027

Medi-Cal cuts its senior asset limit from $130,000 to $21,000 in July 2027

Social Security collects $645 million in overdue debts through Treasury offsets

Four Social Security credits will take $7,880 of earnings in 2027

Blue Cross Blue Shield of Texas exits individual Medicare Advantage for 2027

Louisiana Medicaid work rules start January 1 with an 80-hour monthly test

Social Security’s 2027 earnings limit rises to $25,560 on January 1

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IRS says it protected $38 billion from identity theft refund fraud in fiscal 2026

IRS storm-relief filing deadline ends November 2 in Michigan and Wisconsin

IRS sets a $3,500 fee for its new IRA mistake-correction program starting May 1

IRS has sent automatic adoption credit refunds to more than 50,000 taxpayers

First Time Abate gives way to automatic IRS penalty relief on January 1, 2027

The IRS deadline for extended 2025 returns is October 15 in most of the country

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    Companies & Closures

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    Comcast axes 634 jobs at its Philadelphia headquarters starting December 31

    Trump Vows 50% Tariffs on Every Canadian Car as Trade Talks Collapse

    KBR to lay off 758 workers at Fort Irwin in major California job cut

    Jelly Belly shuts corporate HQ and lays off dozens of workers

    Costco’s wild new limited item is coming for McDonald’s crown

    Target cuts 500 jobs after boycotts and CEO exit signal crisis

    Your Money

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    Newsletter

    $359.9 million RealPage rent settlement takes claims until January 29

    Kia window regulator claims close November 23 with up to $400 per repair

    Ohio BMV settlement claims for disabled veterans’ plates close December 2

    Ohio’s Winter Crisis Program opens November 2 for households facing shutoffs

    Kroger’s $17 million pharmacy pricing settlement takes claims until December 21

    New Jersey’s ANCHOR and Stay NJ applications close November 2

    Scams & Fraud

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    Dollar General sued by FTC and 20 states over checkout prices above shelf tags

    Debt relief scheme that posed as banks hit with a $106.8 million judgment

    Older Americans reported more than $3 billion in fraud losses in 2025, FTC says

    65,022 FTC refund checks go out to Walmart money transfer scam victims

    Texas jury convicts coordinator tied to $150 million in seniors’ cash and gold

    CVS agrees to pay $315 million in federal opioid prescription case

    ‘Get the Feds Out’: California Hands Newsom a Bill to Lock ICE Agents Out of Public Jobs

    Hegseth Fired the Army’s Top General. Now Its Secretary Is Walking Out Too.

    ‘We’re Going to Hit Them Hard’: Trump Vows Payback for Iran’s Strike on U.S. Bases

    NBC Says Hegseth Is Talking About 2028. He Says NBC Is Lying.

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