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
Trump’s drug-price deal could save state Medicaid programs $27.6 billion over ten years
The White House projects that its Medicaid drug-pricing deal with 26 pharmaceutical manufacturers will save federal and state governments a combined $64.3 billion over the...
Food stamp enrollment fell in every state but Alaska, a Stateline analysis found
Food stamp enrollment has fallen in every state except Alaska since the One Big Beautiful Bill Act took effect in July 2025, according to a...
The minimum food stamp benefit rises to $25 a month on October 1
USDA’s Food and Nutrition Service has set the smallest monthly SNAP payment for a one- or two-person household at $25 starting October 1, a one-dollar...
Abbott formula settlement will send Tennessee $2.35 million after a nationwide recovery
Tennessee will receive $2,349,346.04 from Abbott Laboratories’ $384.9 million settlement over infant formula and nutritional therapy products, Attorney General Jonathan Skrmetti announced on September 18....
Abbott will pay $384.9 million in a multistate infant-formula settlement
Abbott Laboratories has agreed to pay $384,999,040, or about $384.9 million, to resolve federal and state allegations that it caused government programs to pay for...
Mortgage-insurance costs are nearly 80% higher than in 2020
The insurance cost built into the typical U.S. mortgage payment is nearly 80% higher than it was at the start of 2020, according to the...
Property insurance now consumes a record $209 of the average monthly mortgage payment
Property insurance now takes a record $209 out of the average monthly single-family mortgage payment, according to the September 2026 ICE Mortgage Monitor released Sept....
VA targets Nov. 30 for legal opinion on painful-motion rule behind $45 million in underpayments
The Veterans Benefits Administration has set Nov. 30, 2026, as its target date for getting a legal opinion on how VA should apply its painful-motion...
Pennsylvania recovered nearly $600,000 in wages and damages for more than 100 brewery workers
Pennsylvania’s Department of Labor & Industry recovered $582,828 in wages and damages for 124 workers at Bald Birds Brewing Company, the agency announced on September...
A Pennsylvania brewery paid $582,828 after workers went five weeks without payroll
Bald Birds Brewing Company paid $582,828 in owed wages and liquidated damages to workers after a Pennsylvania investigation found that the brewery failed for several...
Iowa’s Meta settlement directs $68 million toward consumer and child-safety harms
Iowa will direct roughly $68 million of its $126 million Meta settlement toward the consumer and child-safety harms at the center of its lawsuit, Attorney...
Iowa is setting aside $25 million from Meta’s settlement for affected Facebook and Instagram users
Iowa Attorney General Brenna Bird said on September 14, 2026, that $25 million from the state’s $126 million share of the multistate Meta settlement will...
Illinois cut Nicor Gas’s requested rate increase by about $140 million
Illinois Attorney General Kwame Raoul’s office and consumer groups have reached a settlement that cuts about $140 million, or 63%, from the rate increase Nicor...
New Jersey Optimum customers are set for refunds and six months of free broadband
New Jersey’s Board of Public Utilities has approved a settlement requiring Optimum Communications to pay $37 refunds to cable customers who were charged for service...
California households are receiving $886 million in utility-bill relief
California is putting $886 million back on residential electric bills this year through the California Climate Credit, Governor Gavin Newsom announced on September 22. Customers...
Amazon raises starting pay to $20 an hour for U.S. core-operations workers
Amazon is raising minimum starting pay for full-time core-operations employees in the United States to $20 an hour, the company announced on September 16, 2026....
California puts an average $75 credit on millions of summer utility bills
Millions of California households are getting an automatic credit on their electricity bills this August and September, when air conditioning pushes usage to its yearly...
A DoorDash worker owed $1,000 could receive $3,000 under New York’s settlement
A New York City DoorDash worker who was owed $1,000 and never paid will receive $3,000 under the city’s $131.5 million settlement with the delivery...
DoorDash will pay $115 million directly to 260,000 delivery workers
DoorDash will pay more than $115 million directly to more than 260,000 New York City delivery workers who were underpaid, not paid at all or...
A borrower who took a student loan before July can still use income-based repayment, and newer borrowers cannot
The date of a borrower’s last student loan now separates two repayment menus. The Department of Education says the Repayment Assistance Plan, or RAP, launched...