Money in the News
Trending and breaking stories with a financial angle. This category covers the headlines that affect people’s wallets, from government policy shifts and cost of living changes to corporate upheaval and the financial side of technology. This is what keeps The Money Overview current with the broader news cycle.
Latest in Money in the News
The White House plans to freeze pay for about 2 million federal workers in 2027 while the military gets a raise of up to 7%
The White House has told Congress it plans to freeze base and locality pay for roughly 2 million civilian federal employees in 2027, canceling an...
A senior property-tax exemption can trim a homeowner’s yearly bill
Property taxes are the one major homeownership cost that rises automatically with a home’s assessed value, regardless of whether the owner’s income has kept pace,...
Budget billing spreads a household’s seasonal energy costs evenly across the year
A household’s electric or gas bill can swing by hundreds of dollars between a mild spring month and a peak summer or winter one, even...
Many older Americans qualify for SNAP food aid but never apply
A retired household living on Social Security, a small pension, or disability payments often assumes it earns too much, or has too much saved, to...
The Lifeline program cuts the monthly phone or internet bill for low-income households
A landline, mobile, or internet bill doesn’t have to be paid at full price for every eligible low-income household. The Federal Communications Commission’s Lifeline program...
LIHEAP helps low-income households cover heating and cooling bills
A high heating or cooling bill doesn’t have to come entirely out of a fixed income. The Low Income Home Energy Assistance Program, known as...
Total unemployability can pay some disabled veterans at the full 100% rate
A veteran with a single service-connected disability rated at 60%, or two or more disabilities combining to at least 70% with one rated 40% or...
A Veterans Pension pays low-income wartime veterans a tax-free monthly benefit
A wartime veteran with limited income can qualify for a Veterans Pension without ever having a service-connected disability — the benefit turns on age or...
VA Aid and Attendance adds to a veteran’s pension when daily care is needed
A veteran already receiving a VA pension can see that monthly payment rise substantially once a doctor documents that they need daily help bathing, dressing...
Homeowners can appeal an assessment to cut a property-tax bill that outran the home’s value
More than 40% of properties in the United States are assessed high enough that a formal challenge could shave $100 or more off the annual...
Many states let older homeowners defer property taxes until the home is sold
A homeowner on a fixed income who sees their property tax bill climb faster than their Social Security check has an option that many people...
Veterans’ disability pay rose 2.8% for 2026, and a new tier can raise checks for the most severely disabled
Veterans receiving VA disability compensation saw their monthly checks rise 2.8% starting with the December 31, 2025 payment, the same cost-of-living adjustment percentage the Social...
The Supreme Court struck down Trump’s emergency tariffs, but the White House has kept most in place under a different law
The Supreme Court struck down the tariffs at the center of President Trump’s trade agenda on February 20, 2026, ruling 6-3 that the law he...
Medicaid’s new 80-hour-a-month work rule takes effect January 1, and federal estimates say up to 3.3 million could lose coverage
A new federal work requirement for Medicaid takes effect January 1, 2027, requiring millions of adults in the program’s expansion group to document 80 hours...
Married couples 65 and older can deduct up to $12,000 under the new senior bonus, but it phases out above $250,000
Married couples where both spouses are 65 or older can now deduct up to $12,000 in taxable income for the 2025 through 2028 tax years...
The White House says $2,000 tariff-rebate checks are “likely,” but no bill has passed and the IRS has approved no payment
National Economic Council Director Kevin Hassett has told reporters that a $2,000 tariff-rebate check for most Americans is now “likely,” citing a shrinking federal deficit...
Veterans can fill most prescriptions through the VA for a small copay or free
A veteran enrolled in VA health care does not shop for a pharmacy plan the way most retirees do. Medications prescribed by a VA provider...
PACT Act presumptive conditions can speed a veteran’s disability claim for toxic exposure
Getting a VA disability claim approved has always come down to one hurdle: proving the military caused the condition. The PACT Act, a law expanding...
A veteran’s disability pay is exempt from federal income tax and most state taxes
Disability compensation is one of the few streams of federal money that never shows up on a tax return. The Department of Veterans Affairs pays...
SNAP’s shutdown protection runs out September 30, putting food aid in doubt after October 1
The federal funding that has protected SNAP food assistance all year runs out September 30, and Congress has not yet passed a follow-up bill to...