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
Assisted living has climbed to a median $6,200 a month, or $74,400 a year
The median cost of an assisted living community climbed 5% over the past year to $6,200 a month, or $74,400 annually, according to the 2025...
Nursing home care runs about $315 a day, nearly $115,000 a year
A semi-private nursing home room carried a median price of $315 a day in 2025, or $114,975 for a full year, according to the 2025...
Seventeen drugmakers covering about 86% of the branded market have agreed to match the lowest prices paid abroad
Seventeen pharmaceutical manufacturers covering about 86 percent of the branded drug market have signed the Trump administration’s most-favored-nation pricing agreements, but the framework splits into...
More than 209,000 American workers have been laid off this year, already past all of last year, with half the cuts blamed on AI
Employers tracked nationwide had already eliminated 209,032 jobs through August 28, across 365 separate layoff events — a total that exceeds the 205,773 workers cut...
A Labor Department rule driven by a Trump executive order would let 401(k) plans hold crypto, private equity and real estate
The Labor Department’s Employee Benefits Security Administration published a 57-page proposed rule on March 30, 2026, and its central move is not a mandate but...
The White House is floating an end to capital-gains tax on home sales, but only Congress can change the $250,000 and $500,000 exclusions
Nearly 13 million homeowners would owe capital-gains tax if they sold their primary residence today, NAR estimates, because the $250,000 and $500,000 exclusion limits written...
A shutdown would still stop Medicare card replacements and Social Security proof-of-income letters
Twice already in 2026, a lapse in federal funding froze routine but essential paperwork at Social Security Administration field offices, including proof-of-income letters, earnings-record corrections,...
Federal funding runs out September 30, but Social Security and Medicare payments keep going because they sit outside the annual budget
Current federal appropriations expire at midnight on September 30, the last day of fiscal year 2026, setting up a fourth possible funding lapse in a...
Linda Sánchez’s bill would phase out the $184,500 Social Security payroll tax cap by 2032 and raise checks for lower earners
Rep. Linda Sánchez’s Strengthening Social Security Act of 2026, filed June 11 with six Democratic co-sponsors, would erase the $184,500 ceiling that currently shields the...
The bipartisan PROMISE Act would put a Social Security rescue plan on a fast track, with recommendations due September 14
Eight senators introduced legislation on July 14 that would force Congress to hold an actual vote on a Social Security solvency package before the program’s...
A 13-member commission proposed by Tom Cole and Tom Suozzi would get one year to make Social Security solvent for 75 years
Thirteen people — eight picked by party leaders in the House and Senate, four chosen by the top Republicans and Democrats on the tax-writing committees,...
Trump’s drug-pricing platform says it has saved patients $700 million, and weight-loss shots that once ran past $1,000 a month now start at $149
Prescription drug prices fell 3.1 percent over the twelve months ending in July 2026, the steepest annual drop the Bureau of Labor Statistics has recorded...
Six insurers are leaving the Obamacare marketplace for 2027, forcing about 650,000 people across a third of states to find new coverage
Six health insurers have confirmed they are leaving the Affordable Care Act marketplace for the 2027 plan year, a wave that will force roughly 650,000...
A veteran can restore full VA home-loan entitlement after a sale and buy again with no down payment
A veteran who sells a home financed with a VA-backed mortgage does not forfeit the zero-down benefit that made the first purchase possible. The Department...
The children of a permanently disabled or deceased veteran can get up to 36 months of education money through Chapter 35
A veteran does not have to survive military service, or even to have died, for a benefit to reach the next generation. Through the Survivors’...
Special monthly compensation adds VA money for severe losses like a limb or blindness
The Department of Veterans Affairs pays some disabled veterans extra money each month on top of their regular compensation when their injuries involve the most...
A totally disabled veteran who cannot work may draw pay at the 100% rate through VA unemployability, even at a lower rating
A veteran whose service-connected injuries make steady work impossible can be paid at the Department of Veterans Affairs’ full 100% compensation rate even when the...
A federal outlook has all food prices rising about 3% this year, with beef and coffee leading and eggs the main thing pulling it down
The federal government’s latest read on grocery prices lands in familiar territory: the U.S. Department of Agriculture projects that all food prices will rise about...
A House bill would repeal the federal income tax on Social Security benefits, though it has not cleared committee
Legislation to end the federal income tax on Social Security benefits has been introduced in the House, a change that would lift take-home checks for...
A bill in Congress would let homeowners 65 and older shield up to $1 million of home-sale profit from capital-gains tax
A House proposal introduced this summer would sharply raise the amount of home-sale profit that older homeowners could keep free of federal capital-gains tax, lifting...