Sen. Kirsten Gillibrand, D-N.Y., urges Congress to make child care affordable, pass paid leave, support care infrastructure, and raise the debt ceiling on May 17, 2023 in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Many workers need to take leave at some point to address their own health needs or to
Personal finance
Sen. Bernie Sanders, I-Vt., speaks at a press conference outside the U.S. Capitol Building on May 4 in Washington, D.C. Anna Moneymaker | Getty Images News | Getty Images For many Americans, a medical emergency can lead to a financial crisis due to the high cost of health care in the U.S. This week, Sen.
IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023. Al Drago | Bloomberg | Getty Images The IRS on Monday said that Black taxpayers are significantly more likely to face an IRS audit, confirming recent findings. IRS Commissioner Daniel Werfel said the agency is weighing changes
Nirunya Juntoomma | Istock | Getty Images An emergency fund is a key piece of your financial plan, especially amid economic uncertainty. But the right amount of cash depends on your household and occupation, according to financial experts. Most Americans aren’t prepared for a financial emergency, according to a recent CNBC/Momentive survey of more than
Rockaa | E+ | Getty Images Although the Biden administration’s sweeping student loan forgiveness plan and the legal troubles around it have gotten the most headlines, the U.S. Department of Education has already canceled more than $66 billion in education debt under existing programs. More than 2 million borrowers, including defrauded students and those who
U.S. Senate Minority Leader Mitch McConnell, R-Ky.; Speaker of the House Kevin McCarthy, R-Calif.; President Joe Biden; and Senate Majority Leader Chuck Schumer, D-N.Y., meet in the Oval Office on May 9, 2023 to discuss the debt ceiling. Anna Moneymaker | Getty Images News | Getty Images The U.S. may be weeks away from being
A protestor holds a sign reading “64 years is a no” during a May Day (Labor Day) demonstration in Lille, France, on May 1, 2023, more than a month after the government pushed an unpopular pensions reform act through parliament. Sameer Al-doumy | Afp | Getty Images French citizens have taken to the streets to
Sunrise at Laguna Torre in Patagonia, Argentina. © Marco Bottigelli | Moment | Getty Images Travel in 2023 has been expensive. Indeed, some prices — like those for international flights — have hit record highs. Americans are unleashing their wanderlust en masse after a few years of pandemic-era trip delays, making for a busy —
Bernardbodo | Istock | Getty Images New government data shows inflation is cooling, and that means Social Security beneficiaries will likely see a lower cost-of-living adjustment next year. The Social Security cost-of-living adjustment for 2024 could be 3.1%, according to a new estimate from The Senior Citizens League. That’s well below the 8.7% increase to
Ja’crispy | Istock | Getty Images As the president of the National Bureau of Economic Research and a member on the Business Cycle Dating Committee, James Poterba helps determine when a recession officially starts and ends. Why is that important? What do those dates tell us? When the NBER was founded in 1920, its economists
Sen. Bernie Sanders, I-Vt., speaks on raising the federal minimum wage outside the U.S. Capitol on May 4, 2023. Anna Moneymaker | Getty Images News | Getty Images The federal minimum wage of $7.25 an hour has not changed in nearly 14 years. Last week, Sen. Bernie Sanders, I-Vt., unveiled a new plan to update
Amsterdam, The Netherlands. Alexander Spatari | Moment | Getty Images The following is an excerpt from “This week, your wallet,” a weekly audio show on Twitter produced by CNBC’s Personal Finance team. Listen to the latest episode here. Costs have been off the charts this year for many aspects of travel. Why? Americans are