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. |
President Donald Trump 's tax bill could make future generations "worse off," no matter their income, according to a new report from the Penn Wharton Budget Model. |
Like prior analyses, these findings suggest most Americans would see tax cuts in the short run, just as Trump and fellow Republicans have advertised. Long-term, though, most people end up in the red. Here's the math. |
Should church group return Target donation? |
Target has donated $300,000 to the National Baptist Convention. Now, some critics are calling on the church organization to return the gift. |
The calls come from activists who launched a boycott against Target over its rollback of DEI efforts. |
Trump attacks Fed chair again on interest rates |
In his stinging monthslong campaign to badger Federal Reserve Chair Jerome Powell into lowering interest rates, President Trump has relied on a variety of arguments. |
Most recently, he has cited a claim that the Fed's refusal to slash rates is costing the federal government hundreds of billions of dollars a year in interest payments on its debt. |
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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. | | Higher earners could benefit most from the tax bill in the short run, but future generations of all incomes would be 'worse off,' per a new analysis. | | Two separate leaders of boycotts against Target and its rollback of diversity, equity and inclusion efforts, want the donation returned. | | | | President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt. Is that fight? | | | | The Senate narrowly approved Trump's tax bill, which includes a provision that would make his "no tax on tips" campaign promise a reality. | | | | You've been offered a buyout. Your employer wants to pay you to quit. It's a big chunk of change. Should you accept? In this job market, perhaps not. | | | | A new Lending Tree survey shares some detail of what shoppers are boycotting. | | | | The Trump administration's 2025 cost-cutting campaign at the IRS may have been all too successful. | | | | Retiring a multi-millionaire may seem impossible, but the secret to doing so is actually quite simple. | | | | U.S. employers added 147,000 jobs in June despite Trump's tariffs, federal layoffs and immigration crackdown; unemployment at 4.1% | | | | 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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