Money, Wealth & Power—A Daily Look at the Financial World
White House economic advisor Kevin Hassett expressed optimism on October 20, 2025, that the ongoing U.S. government shutdown could conclude this week, potentially resolving a fiscal impasse that has caused significant disruption. This hopeful outlook from President Trump’s economic advisor has already had a positive impact on financial markets, with the Dow Jones Industrial Average…
The recent U.S. government shutdown in late 2025 left approximately 800,000 federal workers without pay, affecting agencies like the Department of Defense and IRS. This 16-day halt highlighted the financial vulnerabilities faced by many Americans, not just government employees. By examining the disruptions caused by this shutdown, individuals can learn valuable lessons to better prepare…
House Minority Leader Hakeem Jeffries has rejected a Republican bill aimed at providing shutdown pay to troops and federal workers, marking a key Democratic pushback amid ongoing government funding disputes. This development follows President Trump’s directive on October 11, 2025, instructing the Pentagon to use all available funds to ensure troop payments despite the shutdown….
Federal courts across the United States have reached a critical juncture as they run out of money due to the ongoing government shutdown. This financial exhaustion has forced the courts to operate on a limited basis until the shutdown concludes. As the situation persists, courts are preparing to implement furloughs, which could lead to significant…
President Donald Trump has made a significant move by urging the U.S. Supreme Court to permit the deployment of the National Guard in Chicago. This request, reported on October 17, 2025, seeks approval for National Guard deployment in Illinois, highlighting the administration’s focus on addressing security concerns in the Chicago area. The Trump administration’s appeal…
MC Hammer, the iconic rapper known for his hit “U Can’t Touch This,” is reportedly facing financial difficulties following a lawsuit. The legal battle has brought to light issues surrounding a delinquent car loan, adding to the challenges Hammer has faced since his peak in the early ’90s. Financial troubles have been a recurring theme…
How the week's news hits your wallet
Decisions in Washington turn into real numbers on Social Security, Medicare, and your tax bill. The Retirement Money Brief translates one of those changes every weekday — what actually changed, and what it means for what you keep.