Personal Finance

WASHINGTON/LONDON, May 25 (Reuters) - The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its license to pay bondholders, as Washington ramps up pressure following Russia's invasion of Ukraine. The U.S. Treasury Department said on its website late on Tuesday...

Insider found dozens of members of Congress and nearly 200 top-level Capitol Hill staffers violating the Stop Trading on Congressional Knowledge Act of 2012.

Former President Donald Trump's attempts to satisfy a state judge who has held him in contempt for failing to turn over subpoenaed documents "were undertaken in good faith," but were unsatisfactory, according to New York Attorney General Letitia James' office. A former assistant to Trump who worked for his company...

An announcement from President Biden on student loan forgiveness could be coming soon. In the meantime, there are a few things borrowers should keep in mind as they consider the future of their debt.

Millions of Americans who borrowed for their education are eagerly awaiting to hear President Joe Biden's announcement on student loan forgiveness. "Nobody likes the limbo," said Ryan Tucholski, 41, who owes over $24,000. At the pump, in the supermarket, with his landlord — all of Ryan Tucholski's bills are going...

Be careful -- you don't want to make a huge mistake.

At a time when the cost of everything from gas to Netflix is rising, there’s a good chance that one of your expenses will decline: your state tax bill. Awash in budget surpluses, lawmakers are cutting taxes on everything from income to groceries, and the trend isn’t limited to red states. Several Democratic governors, including New York Gov. Kathy Hochul and Illinois Gov. J.B. Pritzker, have supported broad tax cuts for state residents. “If your state isn’t cutting taxes this year, it’s in the minority,” says Katherine Loughead, senior policy analyst for the Tax Foundation, a tax research organization.

If you're still waiting for a refund, it generally will be accruing interest, and the rate jumps to 5% on July 1, according to the IRS. The agency tacks on interest if it takes longer than 45 days after the filing deadline to process your return. IRS interest payments ballooned...

More than three-quarters of American adults have a credit card, creditcards.com reports. What's more, the average consumer has three credit cards with an average balance of $5,525, according to Experian. Credit cards serve a myriad of purposes—providing a way to consolidate expenses, establish or build credit, earn points or rewards,...

The IRS, for its part, turned to Seattle, Washington-based startup ZenLedger for help. Since its founding in 2017, ZenLedger has managed to secure four contracts with the U.S. government worth just over $500,000, none of which are expected to expire, The New York Times reported. While $500,000 seems like a paltry sum for a federal agency, the contracts are significant in the small, hypercompetitive world of crypto tax prep startups. Heading into this year’s tax filing period, ZenLedger had raised just $11.5 million in its latest funding round — significantly less than competitors such as CoinTracker and TaxBit had in their coffers at the time.

This story is part of CNBC Make It's One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. If sticking to your monthly budget feels like a struggle, you're not alone. Just over half of Americans don't...

It usually begins with a letter in the mail, an invitation of credit from a credit card or mortgage company. But what does that mean exactly? Is it a credit card offer? Are you approved for that home loan?. Pre-approval and pre-qualification are two completely different things, and knowing the...

If you're timely, you could score a hotel stay for $30 per night.

Money order or cashier's check helps when you need money in a flash and a traditional check just won't do. But what is the difference between the two?. Here we help break down the difference between a money order and a cashier's check so you can make the right decision for your finances, whether you are buying a new home or sending your kid sister birthday money.

Rep. Ronny Jackson’s first term as a member of Congress has not been without controversy. The Texas Republican has, for example, faced awkward questions about why Oath Keepers members were texting about him during the Jan. 6 attack on the Capitol. Also during his first term, Jackson was accused...

In this episode of Ask the Hammer, a Retirement Daily reader has a question about how to avoid paying taxes twice on after-tax dollars that were put into an IRA:. Some years ago, like in the 1980s or 1990s, I contributed to a non-deductible IRA, but after consolidating some of my IRAs and various institutions, I’ve lost track of those nondeductible contributions. I’d like to start doing Roth IRA conversions. I know there’s something called a pro-rata rule. What do you suggest?

NEW YORK, May 24 (Reuters) - Demand for the Federal Reserve's reverse repurchase (RRP) facility has surged in the last few weeks, as the U.S. Treasury Department's reduced supply of short-term bills left investors few options to park excess cash. Reverse repos are conducted by the New York Fed's Open...

"Tax us, the rich, and tax us now," an open letter by the "Patriotic Millionaires said. The letter, published Monday, included actor Mark Ruffalo and heiress Abigail Disney among its signatories. A group of over 150 millionaires are calling on the elite attendees of this year's World Economic Forum in...

Consumer finance companies — such as banks, credit unions (CUs), and auto and mortgage lenders — that focus on efficiently delivering better customer experiences know where they should make their investments to drive growth and can offer insights to businesses in other industries. The greatest share of billing...

Investing can be a great way to grow your assets, but what do you need to know when it comes time to file your taxes? Like most tax questions, the answer depends on your specific situation. TurboTax Premier makes it easy and fast to import, upload, and accurately report your...