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. Happy Monday! Today, we'll pose questions about some major Trump administration initiatives. |
President Trump's widening global trade war has clobbered the stock market, raised the odds of a recession and started to push up inflation for American households. Trump says the ultimate prize – spurring more production in the U.S. and reclaiming the nation's status as a manufacturing stronghold – will be worth the turmoil. |
Waste and fraud in Social Security? |
A 2024 audit of the Social Security program found $72 billion in improper payments to Americans between 2015 and 2022. That sounds like a lot of money, until you consider that Social Security paid out $8.6 trillion in benefits in those years. And some "improper" payments were underpayments. Also, most overpayments were recovered. |
Trump officials are turning the federal benefits program upside down, looking for waste and fraud. |
$13 a dozen? Tracking eggflation |
Soaring egg prices have left U.S. consumers scrambling and shell-shocked. |
The spike in prices has largely been about bird flu, which has caused major losses among the egg-laying stock in the U.S. Supply is down; demand is up. |
With the constant barrage of stories about eggflation, it can be hard to keep up or know where to shop. Worry not − a team of USA TODAY reporters surveyed egg prices at five major grocery chains from across the country. Here's what they found. |
📰 More stories you shouldn't miss 📰 |
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 says the goal of his tariffs - resuscitating U.S. manufacturing's glory days - will be worth the turmoil. Experts are skeptical. | | | | Trump and Musk are turning Social Security upside down, alleging waste and fraud. Will they find any? | | | | The rise of bird flu across the U.S. has resulted in egg prices surging to more than $12 a dozen in some parts of the country this year. | | | | Trump has repeatedly said he will announce details Wednesday for his plan to slap tariffs on countries around the world. | | | | The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last year to fix tax troubles. | | | | Trump's auto tariffs are expected to hit virtually all automakers, including American companies that assemble cars in the U.S. | | | | Here are some reasons to claim Social Security at age 62 even though it will mean smaller benefit checks | | | | U.S. stock futures point to a lower open after major stock indexes plunged on Friday amid fresh inflation and tariff fears. | | | | There are some strategies that can help you reduce your liability if you sold a home in the previous year. | | | | 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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