President Donald Trump’s call for a temporary 10% cap on credit card interest rates, if implemented, could have significant impacts — both positive and negative — for borrowers. “Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%,” Trump wrote…
Retail investors may already be preparing for the start of the 2026 tax filing season, which the IRS announced this week will begin on Jan. 26. Using tax-efficient investing strategies throughout the year can help minimize an investor’s tax burden and optimize their portfolio’s value for years to come, says Bill Harris, the founder and…
Federal Reserve chair Jerome Powell speaks at a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on Dec. 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Justice Department’s criminal investigation of Federal Reserve Chair Jerome Powell may, at first glance, seem far removed from consumers’ finances —…
Milorad Kravic | E+ | Getty Images For many consumers, buying a car increasingly comes with a hefty monthly bill. The share of new-car buyers who pay $1,000 or more per month for their auto loans rose to a record 20.3% of all new vehicle purchases financed in the fourth quarter of 2025, according to…
A grocery store in the Manhattan borough of New York on Dec. 13, 2025. Charly Triballeau | Afp | Getty Images Progress in the fight to throttle back inflation appeared to stall in December amid price pressures from groceries, dining out, utility gas, clothing and other categories of consumer spending. The consumer price index, a…
Superb Images | The Image Bank | Getty Images Read more CNBC personal finance coverage Trump’s legislation included several provisions that impact 2025 taxes. These included a bigger standard deduction; a more generous maximum child tax credit; a higher limit for the state and local tax deduction; a new $6,000 tax break for seniors; and new deductions for auto…
Texas Children’s Hospital’s Kangaroo Crew members walk through the hallways during a simulation at the hospital in Houston on Sept. 23, 2025. Elizabeth Conley/Houston Chronicle via Getty Images About 22.8 million Americans have so far signed up for 2026 health insurance via the Affordable Care Act marketplace, according to data issued Monday by the Centers…
Hobo_018 | E+ | Getty Images President Donald Trump said in December that this spring may be the “largest tax refund season of all time,” due to changes in the “big beautiful bill.” But student loan borrowers who are behind on their payments may miss out. That’s because the U.S. Department of Education can seize…
People exit the IRS building in Washington, Feb. 20, 2025. Kent Nishimura | Reuters House lawmakers this week could vote to approve a smaller IRS budget for the current fiscal year as Congress races to avoid another government shutdown. While the funding is higher than earlier proposals, the cuts may still create challenges for the…
Halfpoint Images | Moment | Getty Images As President Donald Trump embraces more policy focused on affordability, some lawmakers have pushed to expand tax credits for families. The Republican Study Committee this week released a framework for a second budget bill, known as “Reconciliation 2.0,” which outlines priorities like homeownership, health care, energy prices and…