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Tuesday, 26 August 2025

When the cure is $6 million out of reach

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Also: Trump fires Fed governor ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Aug 26 2025

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Catherine Illingworth, 39, knew something was wrong the moment her son's neurologist walked into the room. His diagnosis was a gut punch: Charcot-Marie-Tooth disease type 4C, a rare genetic neuropathy. And the best treatment plan lay $6 million out of reach.

Illingworth took a deep breath, opened the TikTok app on her phone, and started fundraising.

Trump fires Federal Reserve governor

President Donald Trump  on Monday took the unprecedented action of firing Lisa Cook, the first African American woman to serve as a Federal Reserve governor, over claims of mortgage impropriety.

Trump said there was sufficient evidence that Cook had made false statements on mortgage applications, though no public evidence has been proffered. But the firing will likely have consequences across financial markets and the broader economy, because the Fed is supposed to operate outside the realm of politics.

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📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

People are usually savvy enough to check whether their hospital or doctor takes their insurance. But it's often a mystery how much a medical procedure or operation will cost, even with coverage.

A new report from Trilliant Health, a health care analytics company, shows how much prices for the same medical service can vary at different hospitals and surgery centers.

Want a total knee replacement? It can cost as little as $12,870 or as much $101,527.

About The Daily Money

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.

George Illingworth was diagnosed with Charcot-Marie-Tooth disease type 4C, a rare genetic neuropathy, in March.

The treatment that will help Catherine Illingworth's 5-year-old son is sitting in "the research valley of death," $6 million out of reach.

FILE PHOTO: Lisa Cook testifies before a Senate Banking Committee hearing on her nomination to be a member of the Federal Reserve Board of Governors (for a second term), on Capitol Hill in Washington, U.S., June 21, 2023.
 

Trump fires Federal Reserve governor. What it means.

The move comes amid Trump's monthslong efforts to influence the central bank's rate cut decisions.

File photo: Dr. Ivan Mazzorana and his team prepares the room for Carolyn Biss' therapy. Lehigh Regional Medical Center has launched Electroconvulsive therapy as part of its mental health treatment program, making the 88-bed health center the only Lee County medical facility to offer such care.
 

Why some hospitals charge 9 times more than others

A new report shows how much prices for the same medical service can vary at different hospitals and surgery centers.

The new Cracker Barrel logo already appears on menus and paper wraps for cutlery on Aug. 22, 2025, in Fishers, Indiana.
 

Cracker Barrel on logo backlash: 'We could've done a better job'

Cracker Barrel faced widespread backlash after unveiling a new, simplified logo. The restaurant chain has now issued a response.

Transitioning from remote work to an in-person or hybrid setting can be both exciting and challenging.
 

How to transition from a remote to in-person job

Transitioning from remote work to an in-person or hybrid setting is both exciting and challenging.

A Southwest Airlines Boeing 737 at Denver International Airport.
 

Where to find the cheapest flights: New rankings just dropped

Going.com gave Southwest Airlines and Salt Lake City International Airport the top spots for travel deals in their first ever awards.

Hertz Car Sales has announced a partnership with Amazon Autos to sell its used vehicles nationwide.
 

Amazon Autos teams up with Hertz to sell used cars nationwide

Hertz Car Sales has partnered with Amazon Autos to sell its used vehicles. It's the first fleet dealer to use the online car sales platform.

Two people hugging while sitting on a couch.
 

See the average Social Security benefit for age 62

Some retirees may find the average benefit at 62 to be less than ideal.

Mary Woulf is a 401(k) millionaire. She's been saving since age 22.
 

Here's how these 6 Americans became 401(k) millionaires

These six workers became 401(k) millionaires without massive salaries or inherited wealth.

USA TODAY
 

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