Month: January 2023

Ascent/ Pks Media Inc. | Photodisc | Getty Images Current Social Security beneficiaries are poised to receive an 8.7% boost to their benefits for 2023 starting this month, thanks to the highest cost-of-living adjustment in 40 years. If you’re at or near Social Security’s retirement benefit eligibility age of 62, you may wonder if you
0 Comments
Tax Analysts Chief Content Officer Jeremy Scott reviews the 2022 developments in U.S. tax legislation and speculates about what may lie ahead. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: 2022 wrap-up. We’re continuing
0 Comments
Scott Olson | Getty Images If you’ve never had family or friends hit you up for money, that is likely to change if you were to win Tuesday’s $1.1 billion Mega Millions jackpot. The grand prize has been climbing through twice-weekly drawings since mid-October, with no ticket matching all six numbers drawn to land the
0 Comments
New U.S. Speaker of the House Kevin McCarthy, R-Calif., speaks with reporters in Washington, Jan. 7, 2023. Jon Cherry | Reuters House Republicans on Monday night voted to slash funding for the IRS, following a pledge from newly-elected Speaker Kevin McCarthy to repeal the money approved by Congress last year.    Passing along party lines, the
0 Comments
The battle to choose a new House Speaker underscores a looming threat to America’s financial stability—a struggle in 2023 over raising the “debt ceiling,” the total amount of money the federal government can borrow. But a potential congressional deadlock could threaten a default on America’s debts, with deep costs to our financial credibility. Newly empowered
0 Comments
If Las Vegas is America’s playground, then nearby Henderson could be considered America’s home building playground. The Nevada community is frequently the site of the National Association of Home Builders annual New American Home–a demonstration residence for showing off the latest and greatest technologies, materials and features. Over the years the desert city has become
0 Comments
In this article 4922.T-JP 4911.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Travel restrictions launched in the wake of China’s border reopening may be affecting where people there are booking trips. But it’s not out of spite, said several Chinese travelers who spoke to CNBC. It’s because some countries aren’t letting them in easily, they said.
0 Comments
vitapix | E+ | Getty Images New government jobs data shows the U.S. labor market is still strong, with a record low unemployment rate of 3.5%. “The unemployment rate is the lowest in 50 years,” President Joe Biden said on Friday. ”We have just finished the two strongest years of job growth in history.” Yet as
0 Comments
The use of third-party payment platforms to easily transfer cash from one person to another is now ubiquitous. Rather than having to split the check at the restaurant or write your buddy a check for those playoff tickets, most Americans “Cash App“ or “Venmo” one another. According to Pew research, 76% of those surveyed have
0 Comments