Money, Wealth & Power—A Daily Look at the Financial World
The Trump administration is using the country’s largest anti-hunger program as leverage in a political and legal fight with Democratic-led states, threatening to cut off key funding unless they hand over more detailed data on millions of low-income residents. At the center of the clash is whether the federal government can demand expansive personal information…
Tax season in 2026 will look very different for older Americans filing 2025 returns, as a new wave of deductions reshapes how income, Social Security and retirement savings are treated. For people 65 and older, the changes are large enough to shift whether it makes sense to itemize, how much income to recognize and even…
Odell Beckham Jr. did not just complain about money, he laid out a blunt math lesson on how a headline-grabbing $100 million deal can shrink fast once taxes, fees, and obligations kick in. His point was not that he is broke, but that the gap between a contract number and real, lasting wealth is far…
The Trump administration is moving to attach a steep price tag to being caught after crossing the southern border without authorization, planning a new $5,000 “apprehension fee” that would be charged to migrants detained by U.S. agents. The proposal fits into a broader strategy that treats migration less as a humanitarian challenge and more as…
Federal tax rules are shifting in ways that could dramatically change how workers and retirees keep what they earn, from restaurant tips to overtime pay to monthly Social Security checks. A newly passed package, widely branded around “no tax” promises, pairs targeted exemptions with fresh deductions that reshape who actually benefits and by how much….
Health insurance costs are on track to jump in 2026 just as a new promise of relief lands on Capitol Hill: a proposal to let families write off up to $25,000 in medical expenses from their taxes. The idea arrives at the exact moment when temporary Affordable Care Act subsidies are scheduled to vanish, threatening…
President Donald Trump has turned tariff policy into a kitchen-table promise, telling Americans that higher taxes on imports will be recycled into direct cash. The headline figure is a $2,000 payment, framed as a kind of dividend from trade fights that have reshaped prices on everything from smartphones to pickup trucks. Whether that money ever…
With tax rules shifting and inflation still squeezing household budgets, the smartest way to protect your money for 2025 is to act before the calendar flips. A few targeted moves in the final weeks of the year can shrink your taxable income, unlock deductions you would otherwise miss, and position you for a smoother filing…
President Donald Trump is trying to turn his sweeping tariff strategy into something far more tangible for households: a promised $2,000 rebate check funded by the duties the United States is now collecting on imports. As the White House touts “trillions of dollars” in tariff revenue and debt reduction, the administration is also quietly revising…
President Donald Trump is promising that the 2026 filing season will deliver the biggest tax refunds Americans have ever seen, framing it as a payoff from his second-term economic agenda. The White House is tying that pledge to a sweeping tax package, a permanent rewrite of individual brackets, and a new stream of tariff revenue…