IRS CEO Frank Bisignano, who has been tapped to lead the expansion of Trump Accounts, told CNBC’s “Squawk Box” on Thursday that he expects every family could someday have one of the new tax-deferred investment accounts for children. “We have the ability to enroll people very simply, and I think the objective is to have…
People walk past the U.S. Internal Revenue Service (IRS) building in Washington, D.C., U.S., Nov. 14, 2025. Elizabeth Frantz | Reuters There has been an uptick in the number of tax liens filed by the Internal Revenue Service in recent years, exposing more people who owe a federal tax debt to potential job loss, the…
Xavier Lorenzo | Moment | Getty Images While federal courts have blocked the Trump administration’s efforts to curb eligibility for Public Service Loan Forgiveness, other recent changes still impact borrowers’ ability to benefit from the program. For example, a new repayment plan doesn’t qualify for PSLF, and many parent borrowers may now be locked out…
To retire comfortably, Americans think they will need $1.2 million saved, according to a new survey from global investment manager Schroders. Yet just 30% of the workplace retirement plan participants surveyed said they think they’ll reach a $1 million savings mark before retiring, the survey found. More than half — 51% — said they…
People walk with umbrellas outside of the U.S. Capitol Building on July 09, 2026 in Washington, DC. Heavy rain and lightning swept through the city on Thursday night. Finn Gomez | Getty Images A bipartisan group of senators is introducing a bill to initiate action on Social Security reform. The PROMISE Act — which stands…
People shop for groceries at a Wegman’s store in Brooklyn on July 13, 2026 in New York City. Spencer Platt | Getty Images Cooling inflation has also chilled some experts’ expectations for the 2027 Social Security cost-of-living adjustment, which may be between 3.7% and 3.8%, according to new estimates. The Social Security COLA may…
A driver refuels a vehicle with regular gasoline in Wilmington, North Carolina, US, on Wednesday, July, 1, 2026. Allison Joyce | Bloomberg | Getty Images Consumer prices pulled back in June on the heels of lower energy and gasoline prices, a reversal after moving sharply upward in recent months due to the Iran war. However,…
Buy now, pay later services have been on the rise as more consumers look to short-term installment financing options to help them manage the rising costs of daily necessities, not just pay for discretionary purchases. BNPL providers originated nearly $157 billion in consumer credit products in 2025, up from nearly $116 billion in 2024, according…
A pedestrian passes the seal of the Office of the Comptroller of the Currency displayed outside the organization’s headquarters in Washington, D.C., on March 20, 2019. Andrew Harrer | Bloomberg | Getty Images The Trump administration on Monday issued guidance that experts say could reduce banks’ lending to certain unauthorized immigrants, the latest move by…
Svetikd | E+ | Getty Images The U.S. Department of Education’s new Repayment Assistance Plan, or RAP, offers certain benefits to student loan borrowers — but only if their bill is paid on time. “Being late with a payment, by even just one day under the RAP repayment plan, will cost you,” said higher education…