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
FEMA’s Hurricane Isaias declarations for Florida, Georgia and Alabama cover public assistance only, so households cannot yet apply for Individual Assistance
FEMA’s emergency declarations for Hurricane Isaias, dated October 9 for Florida, Alabama and Georgia, cover public assistance only. The agency’s declaration data lists Individual Assistance...
State heating-aid directors count 4,355,200 Northeast households on heating oil and project they will pay about $2,627 this winter
Heating oil is projected to cost the average Northeast household about $2,627 this winter, according to the National Energy Assistance Directors Association, the group of...
Florida’s November 3 ballot would lift the homestead exemption from non-school property taxes to $150,000 next year, while new residents are held to $50,000 for four years
Florida voters decide on November 3 whether the homestead exemption from non-school property taxes would rise to $150,000 next year and $250,000 in 2028. The...
Fifteen of 32 brand-name TrumpRx drugs cost more than the average across 11 comparison countries, KFF found, with Enbrel at $3,354 against $641
A KFF analysis released September 24 found that 15 of 32 brand-name drugs on the TrumpRx website cost more than the average price in other...
Two dozen Veterans Affairs authorities expire December 11 or 12, among them homeless-veteran housing aid, while disability pay, pension and GI Bill payments are not on that clock
A stopgap spending law approved September 2 gave 24 Veterans Affairs authorities a new, short expiration date. Twenty-three of them end on December 11, 2026,...
Veterans’ Group Life Insurance premiums are waived for November, December and January, and anyone whose coverage lapses on or before October 31 is cut out of the break
Veterans’ Group Life Insurance, the term policy VA offers to people who have left the military, will charge no premiums for November, December and January....
A law Trump signed Sept. 11 extends the federal tax exclusion for wildfire relief payments to disasters declared before 2027
Survivors of wildfires declared federal disasters keep a federal income-tax exclusion on relief payments for longer under a law President Trump signed Friday, Sept. 11....
Sliced bacon averaged $6.605 a pound in August, down from $7.208 a year earlier, Bureau of Labor Statistics price data show
Sliced bacon averaged $6.605 a pound across U.S. cities in August, down from $7.208 a year earlier, according to the Bureau of Labor Statistics. That...
Trump’s order has the military share service and medical records with VA from a recruit’s first day, which VA says could cut 20 to 30 days off new veterans’ claims
An executive order signed September 8 directs the military to share each service member’s personnel file and medical records with the Department of Veterans Affairs...
A law Trump signed Sept. 11 extends the federal tax deduction for qualified disaster-related personal casualty losses to disasters that begin before 2027
Taxpayers who lose property in a federally declared disaster can deduct the loss without itemizing and without the 10% of income floor that normally blocks...
Trump Account money would have to sit in low-cost U.S. stock index funds under proposed IRS rules, with public comments due Oct. 20
Treasury and the IRS are taking public comments until October 20, 2026 on a proposal that would confine a child’s Trump Account to low-cost U.S....
OPM’s federal retirement claims backlog fell to 8,814 in September from 65,237 in February, and the average claim took 66 days
The Office of Personnel Management had 8,814 federal retirement claims waiting at the end of September, down from 65,237 in February, and the average claim...
The IRS estimates 148,498,585 Trump Account election responses at about two hours each, and comments on the forms are open until Dec. 7
The IRS says it expects 148,498,585 responses to its Trump Account election forms, at 2 hours and 5 minutes each, in a paperwork notice that...
Trump’s diesel order directs Treasury to let taxpayers put off the federal diesel tax incurred from Oct. 5 through Dec. 31 without penalties or interest, to the extent the law allows
President Trump’s Executive Order 14435 directs the Treasury secretary to let taxpayers put off federal diesel excise tax incurred from Oct. 5 through Dec. 31...
Inflation-adjusted hourly pay fell over the 12 months to August, Labor Department data show, as consumer prices rose faster than wages
Pay lost ground to prices over the past year. The Bureau of Labor Statistics says real average hourly earnings, which strip out inflation, fell 0.3%...
New mothers, especially in rural areas, are being provided newborn supply kits, including blood pressure monitors, under a new HHS program backed by a $5 million award
A new federal newborn kit program called NEST, launched by the Department of Health and Human Services on October 9, is backed by a $5...
Volkswagen is recalling 22,524 ID.4 electric SUVs over a battery fire risk and told owners to limit charging until a fix is ready
Volkswagen Group of America has told federal safety regulators that 22,524 electric SUVs, the 2023 through 2026 model years of the ID.4, have a high-voltage...
Honda is recalling 4,206 motorcycles whose fuel pumps can fail, with free repairs
Honda is recalling 4,206 motorcycles in the United States because a manufacturing defect can make the fuel pump fail and stall the engine, which the...
Roadmaster is recalling 24,656 tow bars that can separate from the hitch
Roadmaster Inc. is recalling 24,656 tow bars, the equipment that lets a motorhome pull a car behind it, after a small part was found able...
The Trump FTC warned 24 of the largest health care companies that leaving physician or facility fees out of price quotes may be deceptive
The Federal Trade Commission told 24 of the nation’s largest health care companies on October 5 that a price quote can be deceptive when it...