Latest news with #TheDailyMoney
USA Today
12 hours ago
- Business
- USA Today
The Daily Money: Who might lose Medicaid benefits?
Good morning! It's Daniel de Visé with your Daily Money. Today, we dissect the "Big, Beautiful Bill." President Donald Trump's domestic spending and tax cuts bill, which has cleared the Senate, would enact steep cuts to Medicaid, the nation's health insurance program for low-income families. Here are the details. A tax break for the well-heeled The Trump bill approved by the Senate also makes big changes to the contentious SALT cap, a break on state and local taxes. The Senate raised the SALT deduction cap, a move that is projected to swell the deficit and benefit mostly wealthy Americans. Here's the new math. Media company settles '60 Minutes' lawsuit CBS parent company Paramount has settled a lawsuit filed by President Trump over a "60 Minutes" interview broadcast in October, the latest concession by a media company to a president who has targeted outlets over what he describes as false or misleading coverage. Paramount said it would pay $16 million to settle the suit, with the money allocated to Trump's future presidential library. Many have questioned, however, whether the suit had any merit. 📰 More stories you shouldn't miss 📰 About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. Daniel de Visé covers personal finance for USA Today.
USA Today
a day ago
- Business
- USA Today
The Daily Money: Stocks are soaring. Will it last?
Good morning! It's Daniel de Visé with your Daily Money. U.S. stocks are having a good week. The broad S&P 500 and tech-laden Nasdaq scored fresh record highs on Monday, closing out their best three months in more than a year. With so much uncertainty in the world, why are investors feeling so upbeat? DEI backlash is slowing For months now, President Trump's threat to strip federal contracts from corporations that support diversity, equity and inclusion initiatives has driven a sharp U-turn in corporate America, with the private sector rushing to distance itself from policies it once favored. But a new study, tracking DEI changes inside the nation's biggest corporations, shows that the DEI backlash has slowed. What's going on here? Trump tax bill nears finish line As the sun rose in Washington on Tuesday, senators passed their twentieth hour of debate on President Donald Trump's tax, spending and policy bill − with the finish line still unclear. The legislation includes provisions on Medicaid reform, increased border security funding and limits to taxes on tips and overtime wages. The outcome in Congress is expected to be either a defining legislative win for Trump or a major setback early in his second term. Here's our live coverage. 📰 More stories you shouldn't miss 📰 About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. Daniel de Visé covers personal finance for USA Today.
USA Today
5 days ago
- Business
- USA Today
The Daily Money: Why is tipping so controversial?
Good morning and happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused edition of The Daily Money. Admit it: When you're checking out at a coffee shop or picking up some food and the cashier flips the display around to include the tip screen, do you grumble a bit inside? Nearly 2 out of 3 people asked in a recent Bankrate survey said they have negative feelings about tipping. Another study by LendingTree examined government data to identify which states had the highest and lowest tipping rates. How much are people tipping, and what state residents are the most generous? Shopping habits are changing Have you heard of valuespending? It's a term that Lightspeed Commerce, a point-of-sale commerce platform that serves a variety of retail and hospitality clients, came up with to describe shoppers who are choosing to shop brands and retailers that align with their values. According to a survey of 2,000 shoppers aged 18 and older by Lightspeed, 92% of respondents said they are somewhat intentional in their shopping habits these days. And Gen Z shoppers are leading the charge. Say no to an inheritance? The so-called great wealth transfer has begun, reports my colleague Medora Lee. Nearly $124 trillion in assets will change hands through 2048, according to estimates by the consulting firm Cerulli Associates. However, if you have a big inheritance coming, you may want to consider refusing it. Here's why. 📰 Consumer stories you shouldn't miss 📰 About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
USA Today
6 days ago
- Business
- USA Today
The Daily Money: Is Fed Chair Powell on the way out?
Good morning! It's Daniel de Visé with your Daily Money. President Donald Trump said Wednesday he's hunting for a new Federal Reserve chair to replace Jerome Powell and has narrowed his search to 'three or four people.' Can Trump replace Powell? Who are the three or four people? Paul Davidson has our report. All you need to know about the Trump tax bill President Donald Trump's "Big Beautiful Bill" has traveled a long road through Congress, surviving many political tweaks and tradeoffs. In a new report, my colleagues collect the items in the bill that will likely have the biggest impact on your lives and your dollars, from tax cuts to program cuts. It's all you need to know about the Trump tax bill. Are those Trump phones really made in America? President Trump's newly launched cellular service is defending its claims that its T1 cellphones are produced in the United States. But are they, really? The device's website no longer touts the "made in America" message it displayed when it launched. Instead, it uses language like "brought to life right here in the USA," and "proudly American." Here's a full report on the phones, their provenance, and their price tag. 📰 More stories you shouldn't miss 📰 About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. Daniel de Visé covers personal finance for USA Today.
USA Today
24-06-2025
- Business
- USA Today
The Daily Money: Where's the beef? At McDonald's.
Good morning! It's Daniel de Visé with your Daily Money. Where's the beef? This week, at McDonald's. A boycott targeting the fast-food chain, slated to begin today, is the latest in a series of consumer actions from the grassroots advocacy group The People's Union USA. Here's more on the boycott and its goals. The rising challenge of finding affordable homes A new report from one of the nation's premier housing research groups confirms what many of us already know: Residential real estate is pulling further away from ordinary Americans, becoming more expensive, less attainable, and increasingly stymying efforts to make a market that works for everyone. The State of the Nation's Housing 2025, from the Joint Center for Housing Studies of Harvard University, lays out the numbers in stark detail. Health insurers take aim at prior authorizations Large health insurance companies have vowed to reform a common tool they use to vet requests before letting doctors bill for medical services or prescriptions. UnitedHealthcare, Blue Cross Blue Shield, Cigna, Kaiser Permanente, Humana and other health insurance companies on June 23 announced plans to "streamline, simplify and reduce prior authorizations." Here's how prior authorizations work, and what's changing. 📰 More stories you shouldn't miss 📰 About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. Daniel de Visé covers personal finance for USA Today.
