Personal finance

Urbazon | E+ | Getty Images Democratic lawmakers in Washington are renewing a proposal to give every American child $1,000 at birth. The “baby bond” funds, called American Opportunity Accounts, would then be topped off with up to $2,000 per year, depending on a family’s income. The accounts would be federally insured and managed by
0 Comments
Olezzo | iStock | Getty Images There’s no question 2022 was a rough year for investors. With record-high inflation, economic uncertainty and aggressive interest rate hikes from the Federal Reserve to combat rising prices, stocks took a beating. All three of the major indexes had their worst year since 2008: The S&P 500 Index dropped
0 Comments
Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | Reuters President Joe Biden’s nominee to lead the IRS answered questions during a Senate Finance Committee hearing this week, highlighting key issues from lawmakers on both sides of the aisle. Daniel Werfel,
0 Comments
Pablo Rasero | Istock | Getty Images While those with federal student loans wait to see if the Biden administration’s sweeping loan forgiveness plan survives two Supreme Court challenges, another big change is also on the horizon for borrowers. The U.S. Department of Education is working to create a new repayment option for the tens
0 Comments
U.S. Senate Minority Leader Mitch McConnell of Kentucky at the U.S. Capitol Building on Feb. 13, 2023. Anna Moneymaker | Getty Images News | Getty Images Dozens of Republican members of Congress have filed briefs with the U.S. Supreme Court, arguing that the Biden administration’s student loan forgiveness plan should be ruled unlawful. “Congress authorized
0 Comments