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
Costco is holding the line on prices in a summer grocery war with Walmart and Kroger
Costco Wholesale is absorbing grocery inflation pressure this summer rather than passing it to shoppers, a strategy that puts the membership-warehouse giant on a collision...
Gas prices fell nearly 10% in June, but grocery bills still ran 2.7% higher than a year ago
American drivers caught a break at the pump in June, but their grocery receipts told a different story. The Bureau of Labor Statistics reported that...
New SNAP rules strip work-requirement exemptions from veterans, the homeless and former foster youth
Veterans, people experiencing homelessness, and young adults who aged out of foster care now face a three-month countdown on their food assistance. Public Law 119-21,...
Georgia and Wisconsin Medicaid enrollees must log 80 work hours a month starting in 2027
Adults enrolled in Medicaid in Georgia and Wisconsin will need to complete 80 hours of work, education, community service, or job training each month to...
The FTC is mailing $2.7 million to 62,893 Handy workers automatically, with no claim to file
Nearly 63,000 gig workers who cleaned homes and assembled furniture through the Handy Technologies platform are receiving refund checks this month, with no paperwork required....
Walmart is pouring $2 billion in tariff refunds into rollbacks, cutting beef, corn and soda prices
Walmart plans to channel $2 billion from tariff refunds into price cuts on everyday grocery staples, including beef, corn and soda. The retailer is among...
Michigan is sending expanded earned-income-credit payments averaging $550 a family
Roughly 700,000 Michigan households began receiving supplemental checks averaging $550 each after the state retroactively raised its earned income tax credit for tax year 2022....
Connecticut’s new law caps what residents pay out of pocket for prescriptions
Connecticut residents who pay cash for lower-cost prescriptions will now see those purchases count toward their insurance deductibles, a change that could reshape how thousands...
A federal program gives seniors priority for summer cooling bills and even free air conditioners
Older adults living on fixed incomes face a direct threat every summer when temperatures climb and electricity bills spike. The federal Low Income Home Energy...
A bipartisan Senate bill would raise base VA disability pay for millions of veterans in late 2026
Millions of veterans who receive monthly VA disability checks could see their payments rise by the end of this year under a bipartisan Senate bill...
Pennsylvania paid $226 million in property-tax rebates worth up to $1,000 to 376,000 seniors
Nearly 376,000 Pennsylvania seniors, widows, widowers, and people with disabilities began receiving property-tax and rent rebates on July 1, with payments totaling $226.4 million for...
Five states — Mississippi, Kansas, Oklahoma, Alabama and West Virginia — carry the lowest overall living costs
Residents of Mississippi, Kansas, Oklahoma, Alabama and West Virginia pay less for housing, groceries, transportation and services than people in any other U.S. state. Two...
Mississippi is the cheapest state to live in for 2026, and North Dakota’s gas nears $3.27 a gallon
Mississippi holds the title of cheapest state to live in for 2026, with a composite cost of living index of 86.2 in the first quarter...
Disney will pay $50 to YouTube TV and DirecTV Stream users over video privacy
YouTube TV and DirecTV Stream subscribers stand to collect $50 each from Disney as part of a settlement tied to video privacy claims. The payouts...
A new federal rule bars banks from closing accounts over politics or industry
Gun dealers, oil drillers, and private-prison operators can no longer be turned away by their banks simply because regulators considered those industries a reputational liability....
$9.25 a month comes off phone or internet bills for SNAP and Medicaid households
Households enrolled in SNAP or Medicaid can subtract $9.25 from their monthly phone or internet bill through the federal Lifeline program, a benefit that has...
Illinois raised its senior property-tax freeze income limit to $75,000 for 2026
Illinois has widened eligibility for one of its longest-running property tax relief programs for older homeowners. Starting with the 2026 tax year, the income ceiling...
About 54,000 combat-injured veterans could finally collect both retirement and disability pay, roughly $1,200 more a month
A long-running gap in military retirement law is edging closer to closing. For decades, a group of combat-wounded veterans has had their military retired pay...
Iowa now lets insurers freeze suspicious transactions to stop elder fraud, after halting $2.59 million last year
Iowa has given its insurers and financial firms a new power aimed squarely at protecting older residents from fraud. Under a law that took effect...
Maine is sending $300 payments and expanding a property-tax credit for older homeowners this year
Maine is putting money back in the hands of residents this year through two separate channels, and older homeowners are among those best positioned to...