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. |
Pressure is mounting for the Senate to vote on a bill that could affect Social Security benefits for public sector workers, Medora Lee reports. |
The Social Security Fairness Act, passed by the House of Representatives in November, has been awaiting a Senate vote. The bill must be voted on by year's end, or it dies. Public sector workers from across the nation plan to rally at the Capitol tomorrow. |
Can Biden still 'pardon' student loans? |
President Joe Biden's decision to pardon his son with seven weeks left in his term prompted some Americans to ask him to "pardon" their student debt, Rachel Barber reports. |
Americans held $1.6 trillion in student loans as of June, according to the Pew Research Center. One in four adults under 40 had student loan debt. |
Biden pursued student debt relief during his four years in office, but those efforts have faced multiple challenges. Some are pushing him to do more before he leaves office in January. |
📰 More stories you shouldn't miss 📰 |
As the new year nears, we're featuring favorite 2024 stories from fellow USA TODAY writers. Here's one from Medora Lee. |
No one would have guessed that, in retirement, Judi and David Koncak would be nearly out of money and unable to leave their kids much more than a pittance. |
David, 84, had a successful business that allowed Judi to stop teaching so she could stay home and raise their two children. They traveled, owned cars and a home, sent their two kids to college and hoped for a sunny retirement. |
Instead, David Koncak had a stroke, surgeries and prostate cancer, which sapped their savings. |
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. | | | | A bill to boost Social Security for public workers will die if the Senate doesn't pass it by year end. Senators and workers are urging a vote ASAP. | | | | President Joe Biden sought ways to make student debt relief permanent during his four years in office. Not all of them worked. | | | | The 'great wealth transfer' may not happen the way Gen Z, millennials hope. Boomers face medical costs that may erode inheritances they hope to give. | | | | When co-workers have a falling out over work-related issues and begin avoiding each other, it's natural to wonder if you should help them reconcile. | | | | A Griswold-style Christmas light display could set you back hundreds of dollars on your monthly electric bill. Here are some ways to save. | | | | The Department of Labor said it is investigating a HelloFresh facility after report revealed allegations of child labor. | | | | Consumers may mistake retail therapy for self-care, but it doesn't address their emotional needs, experts say, it just leads to unnecessary spending. | | | | Credit card processing fees cost American households an average of $1,100 annually and are expected to continue rising unless Congress acts, some say. | | | | Though it's interesting to refer to history, the market doesn't always follow historical trends and could surprise us. | | | | 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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