Biden used first veto to save a 401(k) investment rule. Here’s what it does

Photographer: Samuel Corum/Bloomberg via Getty Images Biden veto preserves Labor Department’s ESG rule Biden’s veto on Monday preserves his administration’s stance. It doesn’t appear there are enough congressional votes to override the veto. Doing so would require a two-thirds vote in both the House and Senate. ESG has grown more popular in recent years, occurring … Read more

Junk fees cost consumers tens of billions annually, according to the White House

U.S. President Joe Biden delivers remarks during a reception celebrating Nowruz in the East Room at the White House in Washington, March 20, 2023. Kevin Lamarque | Reuters Fees on concert tickets, air fares, hotels and other so-called junk fees cost Americans tens of billions of dollars every year, often obscuring the full price of … Read more

What student loan borrowers need to know about the 2023 tax season

Prostock-studio | Istock | Getty Images You probably can’t claim student loan interest deduction Before the Covid pandemic, nearly 13 million taxpayers took advantage of the student loan interest deduction, which allows borrowers to deduct up to $2,500 a year in interest payments they’ve made on their private or federal student loans. The deduction, which … Read more

Trump grand jury live updates: Waiting game on looming indictment in porn star Stormy Daniels payoff

President Donald Trump looks on as Treasury Secretary Steve Mnuchin speaks at a signing ceremony at the Treasury Department in Washington, U.S., April 21, 2017. Aaron P. Bernstein | Reuters If Donald Trump is indicted by a grand jury in New York, as he has said he expects, he will become the first former U.S. … Read more

Biden issues his first veto, nixing measure blocking new investment rule

U.S. President Joe Biden speaks during the annual Friends of Ireland luncheon in honor of Ireland’s Prime Minister (Taoiseach) Leo Varadkar at the U.S. Capitol in Washington, U.S., March 17, 2023.  Evelyn Hockstein | Reuters President Joe Biden on Monday issued his first veto since taking office, rejecting a bipartisan measure that would nullify a new administration rule … Read more

Trump seeks to block Georgia election interference criminal charges

Former U.S. President Donald Trump greets fans as he arrives before the finals during the sixth session of the NCAA Division I Wrestling Championships at BOK Center in Tulsa, Oklahoma, U.S. March 18, 2023.  Joseph Cress | USAToday | Reuters Former President Donald Trump in new court filings Monday sought to block being potentially prosecuted … Read more

How Biden’s climate plan could steal business from Europe

U.S. President Joe Biden has a plan to boost clean energy in the United States, but European politicians worry it could drive companies and new investments away from Europe. U.S. President Joe Biden has a plan to boost clean energy in the United States, but European politicians worry it could drive companies and investment away … Read more

U.S. lawmakers to examine merits of higher FDIC bank deposit insurance cap

Four prominent U.S. lawmakers on banking matters said on Sunday they would consider whether a higher federal insurance limit on bank deposits was needed to stem a financial crisis marked by a drain of large, uninsured deposits away from smaller and regional banks. “I think that lifting the FDIC insurance cap is a good move,” … Read more

Crunch time for Credit Suisse talks as UBS seeks Swiss assurances

Red pedestrian crossing signs outside a Credit Suisse Group AG bank branch in Basel, Switzerland, on Tuesday, Oct. 25, 2022.  Stefan Wermuth | Bloomberg | Getty Images Talks over rescuing Credit Suisse rolled into Sunday as UBS sought $6 billion from the Swiss government to cover costs if it were to buy its struggling rival, a … Read more

Trump posts on Facebook for first time since Jan. 6 Capitol riot

This illustration photo show the Facebook page of former President Donald Trump on a smartphone screen in Los Angeles, March 17, 2023. Chris Delmas | AFP | Getty Images Former President Donald Trump posted to Facebook on Friday for the first time since the Jan. 6, 2021, Capitol riot, which had prompted the social media … Read more