Social issues
Gender-neutral X passports will be available in April
U.S. citizens will be able to select the gender neutral “X” as a marker on their passport books starting April 11, the State Department said Wednesday. It made the announcement on the eve of Transgender Day of Visibility, an annual day on March 31 that celebrates transgender people. The U.S. special diplomatic envoy for LGBTQ […]
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Federal judge approves Activision Blizzard sexual harassment settlement
From left, Brian Grazer, founder of Imagine Entertainment, and Bobby Kotick, chief executive officer of Activision Blizzard, arrive at the annual Allen & Company Sun Valley Conference on July 9, 2019, in Sun Valley, Idaho. Drew Angerer | Getty Images A federal judge has approved video game publisher Activision Blizzard’s settlement with the U.S. Equal […]
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Last chance to avoid a 50% penalty on required withdrawals is April 1 for some retirees
If you turned age 72 during the second half of 2021, the deadline for your first annual required withdrawal from retirement accounts is April 1. In many cases, it’s the last chance to avoid a hefty penalty. These required minimum distributions, known as RMDs, apply to both traditional and Roth 401(k) plans, 403(b) plans and […]
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Consumers have saved more than $100 billion in health savings accounts
Morsa Images | Digitalvision | Getty Images Health savings accounts eclipsed $100 billion by the end of January, according to Devenir, an HSA investment consultant, as more consumers use the tax-advantaged accounts to save for future health costs. The firm forecasts HSA funds will hit $150 billion by the end of 2024. “The growth is […]
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Biden’s budget proposes tax hike on married filers making more than $450,000
President Joe Biden introduces his budget request for fiscal year 2023 on March 28, 2022 in Washington. Anna Moneymaker | Getty Images President Joe Biden released his 2023 federal budget request on Monday, calling to hike the top marginal income tax rate to 39.6% from 37%, a proposal floated by the administration last year. The […]
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Watch live: Biden discusses proposed tax on ultra-rich and defense spending in 2023 budget
[The stream is slated to start at 2:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is scheduled to unveil his 2023 federal budget on Monday afternoon at the White House. The budget request to Congress features tax hikes on the ultra-wealthy and […]
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Biden’s 2023 budget would hike taxes on the ultra-rich and corporations, boost defense and police spending
US President Joe Biden, with Treasury Secretary Janet Yellen (L) and Defense Secretary Lloyd Austin (R), speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. Jim Watson | AFP | Getty Images WASHINGTON — President Joe Biden’s 2023 federal budget, released Monday, proposes tax hikes on […]
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Soaring prices are hitting young Brits. The new U.K. budget won’t hurt much
David-Prado | iStock | Getty Images The U.K. government’s latest budget announcement offered little hope for young people who are among those struggling to cope with soaring living costs, financial analysts and advisors have said. In his Spring Statement, U.K. Finance Minister Rishi Sunak acknowledged that the Russia-Ukraine war was putting more pressure on the […]
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Biden’s job approval rating hits lowest point of his presidency as most Americans think the U.S. headed in the wrong direction
U.S. President Joe Biden reacts at the House Democratic Caucus Issues Conference in Philadelphia, Pennsylvania, March 11, 2022. Jonathan Ernst | Reuters President Joe Biden’s job approval ratings keep falling in his second year in the White House, with just 40% of Americans approving of the job that he is doing, a new NBC News […]
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Almost 645,000 people still hadn’t gotten their third stimulus checks by last fall, Treasury says
Irinascreativephoto | E+ | Getty Images Almost 645,000 people who were eligible for the third round of stimulus checks hadn’t gotten their payments as of mid-September, according to a U.S. Department of the Treasury report published Thursday. The American Rescue Plan authorized the federal government to send up to $1,400 to each person who qualified, […]
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