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 Consumer Friday! But first, let's talk about immigration. |
From gas stations in Phoenix to construction sites in Tallahassee, workplace raids crisscrossing the nation have alarmed businesses that suddenly find themselves in the crosshairs of the Trump administration's immigration crackdown. |
Immigration, California and the US economy |
Trump's administration is also stepping up deportation efforts in California, with immigration raids at restaurants, traffic stops and routine legal check-ins. |
'Big, beautiful bill' favors the rich |
The legislation dubbed the "One Big Beautiful Bill'' by President Trump would increase resources for middle and top earners at the expense of lower-income Americans, according to a new analysis from the Congressional Budget Office. |
The nonpartisan CBO analyzed the combined effects of many of the House bill's tax reductions and its cuts to federal programs, including Medicaid and nutrition assistance, over the period between 2026 and 2034. The mega bill is now in the Senate, which is considering changes. |
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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. | | From farms to construction sites, workplace raids have alarmed businesses that suddenly find themselves in the Trump administration's crosshairs. | | Long term, economists warn that fewer immigrants could prompt labor shortages and slow economic growth. | | | | The Congressional Budget Office says highest earners will benefit most from the so-called "One Big Beautiful Bill." Here's how and by how much. | | | | A USA TODAY analysis showed that average monthly rent this year remains well above 2019 levels in nearly every metro area. | | | | Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month | | | | Taylor Swift finally owns her masters. For her, it was more than a business decision. There's a lot we can learn. | | | | More buy now pay later users are missing payments. Experts warn this could blow up your future finances. What to know. | | | | Amazon Prime members can shop the best last-minute Father's Day gifts with delivery by June 15. Shop tools, tech, golf gear, shavers and more. | | | | In a financially literate world, most of us would know most of the answers to the questions on the Personal Finance Index quiz. | | | | 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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