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Money

News related to money, savings and the economy.

New rule could give House lawmakers a tax-free $34,000 pay bump

New rule could give House lawmakers a tax-free $34,000 pay bump

The rule would allow House members to be reimbursed for living expenses, food and travel while working in Washington, D.C.

January 13, 2023 4:24pm EST
Inflation drops in December – will the Fed slow interest rate hikes in 2023?

Inflation drops in December – will the Fed slow interest rate hikes in 2023?

Inflation eased in December, but interest rates are likely to increase a few more times in 2023. However, the rate of increase could slow, one Fed official says. Here's what it means for you.

January 13, 2023 11:32am EST
Here's when you can start filing your 2022 tax return

Here's when you can start filing your 2022 tax return

Tax filing begins on Jan. 23, and the deadline to submit last year's tax returns, file extensions, and pay money owed falls on April 18.

January 13, 2023 9:52am EST
Biden proposes new student loan repayment plan: Here’s how much borrowers will save

Biden proposes new student loan repayment plan: Here’s how much borrowers will save

The Department of Education's new student loan repayment plan would offer $0 monthly payments for any individual borrower who makes less than roughly $30,600 annually and any borrower in a family of four who makes less than about $62,400.

January 12, 2023 5:08pm EST
Today’s best mortgage deal? 20-year rates are the lowest available at 6 percent | Jan. 12, 2023

Today’s best mortgage deal? 20-year rates are the lowest available at 6 percent | Jan. 12, 2023

Check out the mortgage rates for Jan. 12, 2023, which are down from Tuesday.

January 12, 2023 4:41pm EST
Here's how much the average household owes in debts

Here's how much the average household owes in debts

Over the past year, nearly 30% of Americans say their overall debt has increased.

January 12, 2023 1:04pm EST
US inflation slows to 6.5% over past 12 months, easing some pressure

US inflation slows to 6.5% over past 12 months, easing some pressure

The softer readings add to growing signs that the worst inflation in four decades is gradually waning.

January 12, 2023 12:20pm EST
Biden: Easing inflation 'giving families some real breathing room'

Biden: Easing inflation 'giving families some real breathing room'

Inflation eased to 6.5% in December compared with 12 months earlier.

January 12, 2023 8:39am EST
FTX Trading bankruptcy: Customer, creditor information will remain concealed

FTX Trading bankruptcy: Customer, creditor information will remain concealed

The judge presiding over the bankruptcy of cryptocurrency exchange FTX Trading is allowing the company to maintain a veil of secrecy over the names of individual customers and creditors.

January 11, 2023 6:47pm EST
10-year fixed private student loan rates fall to lowest levels in five weeks

10-year fixed private student loan rates fall to lowest levels in five weeks

The latest private student loan interest rates from the Credible marketplace, updated weekly.

January 11, 2023 3:23pm EST
Secure 2.0 Act helps savers nearing retirement boost catch-up contributions

Secure 2.0 Act helps savers nearing retirement boost catch-up contributions

The Secure 2.0 Act of 2022 – a follow-up to the 2019 Secure Act – allows for an increase in "catch-up" contributions for people nearing retirement.

January 11, 2023 12:45pm EST
IRS issues tax refunds to 12M who qualified for tax break on 2020 unemployment benefits

IRS issues tax refunds to 12M who qualified for tax break on 2020 unemployment benefits

The IRS said that it has issued tax refunds to millions of Americans who overpaid taxes on their unemployment benefits during the first year of the pandemic.

January 11, 2023 11:29am EST
Mega Millions jackpot grows to $1.35 billion, 2nd largest in game history

Mega Millions jackpot grows to $1.35 billion, 2nd largest in game history

The grand prize also comes with an estimated $707.9 million cash option after no ticket matched all six numbers on Tuesday night. Here’s when the next drawing occurs.

January 11, 2023 6:56am EST
Mega Millions: Here are the winning numbers for the $1.1 billion jackpot

Mega Millions: Here are the winning numbers for the $1.1 billion jackpot

The Mega Millions jackpot also comes with an estimated $568.7 million cash option. Here's when the next drawing happens.

January 10, 2023 11:12pm EST
Biden, López Obrador, Trudeau show unity during summit, downplay tensions

Biden, López Obrador, Trudeau show unity during summit, downplay tensions

President Joe Biden, Mexican President Andrés Manuel López Obrador and Canadian Prime Minister Justin Trudeau are seeking to downplay their frustrations with one another on migration and trade as they meet for the North American Leaders Summit.

January 10, 2023 9:31pm EST
Good news: Today’s 30-year mortgage rates dive below 7 percent | Jan. 10, 2023

Good news: Today’s 30-year mortgage rates dive below 7 percent | Jan. 10, 2023

Check out the mortgage rates for Jan. 10, 2023, which are down from last Friday.

January 10, 2023 1:21pm EST
US proposes changes that would cut payments for many student loan borrowers — here's who would benefit

US proposes changes that would cut payments for many student loan borrowers — here's who would benefit

The proposed changes would create "the most affordable income-driven repayment plan that has ever been made available," the U.S. Dept. of Education said.

January 10, 2023 12:57pm EST
Credit card debt carried over monthly is most common type of debt: AARP

Credit card debt carried over monthly is most common type of debt: AARP

Credit card debt is affecting many Americans as they deal with high inflation, and many are carrying their balances from month-to-month. Here’s how to pay down credit card debt quickly.

January 10, 2023 12:36pm EST
Secure 2.0 Act will require companies to auto enroll workers into 401(k) plans

Secure 2.0 Act will require companies to auto enroll workers into 401(k) plans

Companies that offer 401(k) plans will be required to automatically enroll their employees beginning in 2025.

January 10, 2023 11:47am EST
Biden administration proposes 'student loan safety net' alongside debt forgiveness

Biden administration proposes 'student loan safety net' alongside debt forgiveness

If finalized, the proposal would give a major overhaul to income-driven repayment plans, resulting in lower monthly payments, an easier path to forgiveness, and more.

January 10, 2023 6:56am EST
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