ALL THE MONEY NEWS YOU NEED TO KNOW | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Dan Scavino had months to sell off up to $5 million worth of Trump Media stock after he joined President Donald Trump 's administration as a deputy chief of staff in January. |
But the top Trump advisor picked April 1, the day before Trump announced sweeping tariffs, to make the sale, according to disclosure reports obtained by USA TODAY. |
Will the Trump tax cuts boost the economy? |
Trump and his congressional supporters trumpeted their just-passed tax and spending law, saying it will turbocharge economic growth. |
The legislation should indeed boost economic output in 2026, forecasters say. And after that? Maybe not so much. |
Gamblers howl over lost loophole |
What happens in Vegas will be staying more with the IRS from now on. |
That's because of an obscure provision to reduce the tax deduction for gambling losses, which Congress recently approved in Trump's legislative package. The provision is projected to raise $1 billion for the government over the next decade. |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | Scavino and two other top officials sold Trump Media stock with a combined value of up to $10 million before tariffs news | | President Trump's 'big beautiful bill' will provide a boost to the economy in the near term but just a tiny bump over the long run, forecasters say | | | | An obscure provision in Donald Trump's 'big, beautiful bill' reduces the amount gamblers can deduct from taxes for betting losses. | | | | This year, 71% of homeowners postponed renovations due to economic uncertainty. Nearly half worry it's made their house less safe. | | | | T-Mobile scrubbed DEI from its website and reassigned DEI teams as it seeks FCC approval on two deals. | | | | Barbie's first doll with Type 1 diabetes, which is available now for $10.99 each, includes a glucose monitor and insulin pump. | | | | If you can make these three moves, you may find that you're able to take home a lot more money than just $2,002.39 per month. | | | | Shop my personal favorite tools for DIY and home improvement projects on sale for Amazon Prime Day 2025. Save on Ryobi, DeWalt, Fanttik and more. | | | | If you drink only water at restaurants, dwell in a dark home and force every last globule of toothpaste from the tube, you have "poor-people" habits. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | |
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