Damircudic | E+ | Getty Images July 1 is a significant date for tens of thousands of Americans who hold federal student loans. That’s when changes to the U.S. Department of Education’s menu of repayment and relief options under the One Big Beautiful Bill Act take effect. It’s also a key date the Trump administration…
Dny59 | E+ | Getty Images Social Security‘s trust funds may have a bit more runway than expected, according to new long-range projections by the Penn Wharton Budget Model, shared exclusively with CNBC. The trust fund Social Security relies on to help pay retirement benefits — Old-Age and Survivors Insurance, or OASI — may be…
The Federal Reserve is expected to hold interest rates steady at its policy meeting this week — the first helmed by new Fed Chair Kevin Warsh — doing little to ease the affordability concerns plaguing many U.S. households. President Donald Trump‘s pick to lead the central bank previously indicated he would consider cutting rates, but with…
Ranking member Sen. Elizabeth Warren, D-Mass., speaks during the Senate Committee on Banking, Housing and Urban Affairs confirmation hearing for Kevin Warsh, President Donald Trump’s nominee for chair of the Federal Reserve, in the Dirksen Senate Office Building in Washington, on April 21, 2026. Andrew Harnik | Getty Images Sen. Elizabeth Warren, D-Mass., is calling…
Trump Accounts have the potential to build long-term financial security for millions of U.S. children; however, some experts say they may not do much to reduce the wealth gap over time. The tax-deferred investing accounts, which will launch on July 4, include a one-time $1,000 deposit from the U.S. Department of the Treasury for kids born between 2025…
Pekic | E+ | Getty Images With a bit of strategy, federal student loan borrowers can lower their monthly bills on the U.S. Department of Education’s new repayment plan, coming July 1. Under the Repayment Assistance Plan, or RAP, borrowers pay a higher percentage of their income as their earnings grow. That means that finding…
A customer shops for produce in an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon Bell | Getty Images Consumer prices rose in May, pushing the annual inflation rate to its highest level in three years, according to new government data. That points to a 4.7% Social Security COLA for 2027, according…
Elon Musk is photographed at SpaceX in Brownsville, Texas. Marvin Joseph | The Washington Post | Getty Images The SpaceX initial public offering on Friday is poised to be the biggest ever — and is generating a lot of buzz. But IPOs can carry dangers for the average investor, according to finance experts. For starters,…
Damircudic | E+ | Getty Images Nearly 7 million federal student loan borrowers remain enrolled in a defunct Biden administration-era repayment plan, Nicholas Kent, a top official at the U.S. Department of Education, told CNBC on Thursday. By staying in the Saving on A Valuable Education, or SAVE, plan, these borrowers’ debts are growing, and…
US First Lady Melania Trump during the Presidential AI Challenge National Champion awards ceremony in the East Room of the White House in Washington, DC, US, on Tuesday, June 9, 2026. Daniel Heuer | Bloomberg | Getty Images Ahead of the official launch of Trump Accounts, First Lady Melania Trump announced a new savings and investment vehicle…