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
Applicants 65 and older or disabled get up to two months of retroactive Medicaid coverage in 2027, down from three
Starting January 1, 2027, Medicaid applicants who are 65 or older, or who have a disability, can have up to two months of medical bills...
Trump’s diesel order tells Treasury to explore forgiving the diesel excise taxes it would let taxpayers defer, including through legislation
President Trump’s October 5 diesel order tells the Treasury secretary to explore ways to wipe out the federal diesel excise taxes that the same order...
Trump’s White House says 200,000 Montana seniors and 100,000 Alaska seniors benefit from the new senior tax deduction
The White House says approximately 200,000 Montana seniors and about 100,000 Alaska seniors benefit from the new senior tax deduction. The counts appear in trip...
The White House says nearly 1 million HealthCare.gov enrollees in 30 states who paid full price without subsidies are slated for $500 checks beginning in October
The White House says nearly 1 million people in 30 states who bought HealthCare.gov coverage at full price, with no premium subsidy, are slated to...
VA says disability claims took 75.6 days to decide in September, down from 141.5 days on January 20, 2025
The Department of Veterans Affairs says it decided the average disability claim in 75.6 days in September 2026, compared with 141.5 days on January 20,...
High 5 Casino and High 5 Vegas players in Washington have until January 4, 2027 to claim from a settlement paid over up to eight years
High 5 Games and High 5 Entertainment have agreed to put at least $12 million and as much as $30 million into a fund for...
Netflix plans to lay off nearly 1,000 workers, its biggest round of job cuts in years
Netflix told employees on October 14 that it will lay off about 6% of its workforce, nearly 1,000 positions, in what the Associated Press called...
USDA’s SNAP work-requirement page still lists ages 18 to 54 and says guidance on the new law is pending
USDA’s SNAP work-requirement page still tells food stamp recipients that the three-month time limit applies to adults ages 18 to 54, even though the law...
Seven states and the Federal Trade Commission asked a court to hold Martin Shkreli in contempt, saying he broke his lifetime drug-industry ban by trading stocks of at least 60 companies
The Federal Trade Commission and seven states asked a federal court on October 13 to hold Martin Shkreli in civil contempt, alleging that he has...
Haynes Furniture and The Dump are closing all 12 stores after 128 years
Haynes Furniture and The Dump, a family-owned company based in Virginia Beach, announced on October 8 that all 12 of its stores will close for...
True Food Kitchen filed Chapter 11 after closing 12 restaurants on October 4
True Food Kitchen served its last meals at 12 of its 46 restaurants on Sunday, October 4, and filed for Chapter 11 protection the same...
Diesel averaged $6.331 a gallon in September, up from $3.730 a year earlier
Diesel fuel averaged $6.331 a gallon across the United States in September, up from $3.730 a year earlier, the Bureau of Labor Statistics reported in...
The Trump administration says its new vehicle efficiency standards will save Americans nearly $140 billion over five years
The Trump administration says the new federal fuel economy rules will save Americans nearly $140 billion over five years, a figure the White House put...
Leslie’s, the pool-supply chain with more than 900 stores, filed Chapter 11 and is closing 76 of them while honoring gift cards and loyalty points
Leslie’s, the pool-supply chain with more than 900 stores in 38 states, says every gift card and Pool Perks loyalty benefit will still be honored...
President Trump’s Treasury proposes limiting Obamacare premium tax credits to citizens, nationals and certain lawfully present immigrants starting in 2027
Treasury and the IRS on October 14 proposed regulations that would limit the Obamacare premium tax credit to U.S. citizens, U.S. nationals and certain lawfully...
Kroger plans to cut roughly 3,000 corporate roles over three years and says the savings will help it lower prices to compete with Walmart and Aldi
Kroger plans to cut roughly 3,000 corporate jobs over the next three years, about 37% of its 8,200 corporate employees, and says the savings will...
Warren and Hawley ask six insurers by October 16 why claims close without payment
Two senators from opposite parties, Elizabeth Warren of Massachusetts and Josh Hawley of Missouri, wrote on October 2 to six of the country’s largest insurers...
HUD is probing Wells Fargo’s 2017 and 2022 Black homeownership programs, with no finding yet
HUD said on October 7 that it is investigating two Wells Fargo homeownership programs aimed at Black borrowers, one announced in 2017 and one in...
Ahsan Ijaz pleaded guilty October 2 to a $65 million Medicaid fraud conspiracy at his Brooklyn day care centers
Ahsan Ijaz, 29, of Brooklyn pleaded guilty on October 2 to conspiracy to commit health care fraud, admitting that his adult day care businesses helped...
Sharmaine Meadows was convicted of three counts of health care fraud over $3.6 million billed to Minnesota’s defunct housing program
Minnesota’s Housing Stabilization Services program was meant to help seniors and people with disabilities find and keep a place to live, and a federal jury...