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. |
A recent flare-up over visas for tech workers revealed a rift among Republicans on immigration. |
Steve Bannon, once Donald Trump's chief strategist, termed the H-1B visa program a "total and complete scam." Many Trump supporters sided with Bannon. So did Bernie Sanders, the progressive Vermont senator. |
Inflation edged up in December |
Inflation accelerated for a third straight month in December on rising food and energy costs, Paul Davidson reports, reaching a five-month high and underscoring that an encouraging slowdown in price increases last spring and summer has stalled. |
Biden approves final wave of loan relief |
The Biden administration approved its last major batch of student loan relief Wednesday, greenlighting $4.5 billion in forgiveness for 261,000 borrowers, Zachary Schermele reports. |
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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. | | | | A surprising rift among Republicans has Trump and Musk pitted against Steve Bannon -- and Bernie Sanders. | | | | Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased. | | | | Experts said a December surge in Chinese imports as anticipated tariff hikes pushed traders to accelerate shipments out of China. | | | | US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment. | | | | The retailer says the new branding "exudes the energy of Walmart." Social media users think it looks the same. | | | | Monthly shopping data from the U.S. Census reveals that we hike spending in December, then remorsefully pull back at the start of the new year. | | | | On Wednesday, the federal Education Department approved $4.5 billion in student loan forgiveness for 261,000 former Ashford University students. | | | | Today's CPI report turns out to mean a great deal to crypto investors. | | | | Americans affected by California wildfires will get tax filing extensions and other tax relief from the IRS. Here's what to expect. | | | | 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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