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. |
Speaking before a joint session of Congress on Tuesday, President Donald Trump reiterated unsubstantiated claims of widespread fraud in the Social Security system. Trump said there have been "shocking levels of incompetence and probable fraud," with "many" people likely too old to be alive receiving "a lot of money." |
Expect 'a little disturbance' from import tariffs |
Trump also said Americans should get ready for "a little disturbance" from tariffs. |
"Tariffs are about making America rich again and making America great again, and it's happening, and it will happen rather quickly," Trump said. "There will be a little disturbance. But we're okay with that. It won't be much." |
What was the impact of the 'Economic Blackout'? |
Data is starting to come in from the Feb. 28 "economic blackout," as more retailer boycotts prepare to launch. |
During the Feb. 28 event, consumers were encouraged not to spend any money anywhere for one day. |
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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. | | | | President Trump said there were "shocking levels" of probable Social Security fraud, but a 2023 audit shows little evidence of widespread fraud. | | | | The remarks came just hours after Trump imposed 25% tariffs on goods imported from Canada and Mexico a doubling of duties on some Chinese goods. | | | | Did the effort nationwide by consumers to not spend money on Feb. 28 make an impact on the economy? Here's what some data shows. | | | | Donald Trump has looked at tariffs as a tool to raise revenue and offset costs associated with his proposed tax cuts. | | | | Social Security has long been in a fraught position. Here are three things President Donald Trump has discussed that would affect the program. | | | | Ace Hardware and Chewy are among the 500 companies that offer customers the best store experience, according to new research from USA TODAY and Plant-A. | | | | Recent economic news has sparked new interest in an iconic scene from a great film about 1980s Chicago. | | | | About 31 million Americans borrowed money to pay for health care last year, accumulating $74 billion in medical debt, West Health-Gallup survey finds. | | | | President Donald Trump's tariff actions, which could upend nearly $2.2 trillion in two-way annual U.S. trade, went live on Tuesday. | | | | 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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