Senate Minority Leader Chuck Schumer, a Democrat from New York, right, and Sen. Raphael Warnock, a Democrat from Georgia, depart following a news conference at the Capitol on Dec. 11, 2025. The Senate rejected a Republican plan to replace expiring Obamacare subsidies with federally funded health savings accounts, teeing up a vote later in the…
Alessandro Biascioli | Istock | Getty Images Social Security beneficiaries will soon receive statements showing how much of their total benefits received in 2025 may be subject to federal taxes. Changes enacted by Congress this year mean there’s more reason to pay attention to those tax documents. The forms, known as the SSA-1099 or SSA-1042S,…
The U.S. Capitol in Washington, Dec. 8, 2025. Speaker Mike Johnson is pushing to unveil a Republican health-care bill in the coming days for a vote by the end of the month, but the move is unlikely to resolve a congressional deadlock over expiring Obamacare subsidies. Graeme Sloan/Bloomberg via Getty Images Congress is still deadlocked…
Kate_sept2004 | E+ | Getty Images As 2025 winds down, many financial advisors are preparing for 2026, which will bring key changes to saving for retirement in 401(k) plans. Among those shifts are contribution limit updates and a major tax change for certain investors, which could affect long-term planning. “The most impactful change for next…
Jacob Wackerhausen | Istock | Getty Images Earlier this week, the White House — in conjunction with Michael Dell, founder and CEO of Dell Technologies, and his wife, Susan — announced one of the largest donations ever to benefit American children. The Dells’ $6.25 billion pledge goes hand in hand with a new federal government program…
Greg Hinsdale | The Image Bank | Getty Images If you live in a high-tax state, you could see some relief from income and property levies for 2025 — thanks to a change enacted via President Donald Trump‘s “big beautiful bill.” The Republicans’ multitrillion-dollar legislation temporarily raised the limit for the federal deduction for state…
Yellow Dog Productions | The Image Bank | Getty Images If you plan to donate money on Giving Tuesday, you could score a tax break. But recent changes enacted via President Donald Trump‘s “big beautiful bill” could affect your savings, financial experts say. Some 36.1 million U.S. adults participated in Giving Tuesday for 2024, with…
Alistair Berg | Digitalvision | Getty Images Recent legislation and policy changes under the Trump administration have upended federal student loans. For some borrowers, the shifts may affect their tax situation — how much they owe the IRS, or whether they actually get an expected tax refund. More than 40 million Americans hold student loans, and the outstanding…
Billionaire count: 57Total wealth: $125 billionKnown as the playground of the rich and famous, Switzerland is 8th in the global billionaire sweepstakes and ranks 7th as the home of those worth $30 million and more, or the ultra-wealthy.Switzerland’s billionaires represent the top one percent of its 5,597 ultra-wealthy population and control more than 19 percent…
Gold traded below the $4,000-per-ounce mark again on Tuesday as the dollar remained resilient at over three-month highs, while reduced chances of another U.S. interest rate cut in December and easing U.S.-China trade tensions blunted bullion’s demand. Bloomberg | Bloomberg | Getty Images Gold profits are glittering in 2025 — but cashing in may trigger a…
