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. Today, we dissect the "Big, Beautiful Bill." |
President Donald Trump 's domestic spending and tax cuts bill, which has cleared the Senate, would enact steep cuts to Medicaid, the nation's health insurance program for low-income families. |
A tax break for the well-heeled |
The Trump bill approved by the Senate also makes big changes to the contentious SALT cap, a break on state and local taxes. The Senate raised the SALT deduction cap, a move that is projected to swell the deficit and benefit mostly wealthy Americans. |
Media company settles '60 Minutes' lawsuit |
CBS parent company Paramount has settled a lawsuit filed by President Trump over a "60 Minutes" interview broadcast in October, the latest concession by a media company to a president who has targeted outlets over what he describes as false or misleading coverage. |
Paramount said it would pay $16 million to settle the suit, with the money allocated to Trump's future presidential library. Many have questioned, however, whether the suit had any merit. |
📰 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 Donald Trump's tax cut bill would enact steep cuts to the nation's safety-net health insurance program for low income families. | | Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, experts say. | | | | Paramount said it would pay $16 million to settle the lawsuit, with the money allocated to Donald Trump's future presidential library. | | | | The personal information of Medicare recipients was used to create unauthorized accounts, the Centers for Medicare & Medicaid Services said. | | | | Lululemon alleges that Costco has stolen the intellectual property of its Scuba hoodies and sweatshirts, Define jackets and ABC pants. | | | | The operation led to criminal charges against 324 defendants and the seizure of more than $245 million in cash, luxury cars and other assets. | | | | As Americans live longer, they will face many changes. Here are some tips for how to embrace them. | | | | Despite all the hype and euphoria that surrounded the crypto market in January, only a handful of top cryptocurrencies are actually up for the year. | | | | Trump's crackdown on corporate DEI initiatives after his inauguration drove major changes but the rate has now slowed significantly, new study finds. | | | | 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. | | | | | |
