Author: Smart Wealthhabits

Senator Martin Heinrich (D-NM), ranking member of the Legislative Branch Subcommittee of the Senate Appropriations Committee, delivers opening remarks during a hearing in the Dirksen Senate Office Building on Capitol Hill on April 29, 2025 in Washington, DC. Chip Somodevilla | getty imagesSenator Martin Heinrich, D-N.M., introduced a bill Thursday to create a new tax break for individuals and families impacted by the costs of President Donald Trump’s now-defunct “reciprocating tariffs.”The bill, dubbed the “Tariff Refunds for Working Families Act” and shared exclusively with CNBC, is part of a growing effort by Democrats to capitalize on Trump’s tariff agenda ahead…

Federal Reserve chair nominee Kevin Wersh’s chances of being quickly confirmed by the Senate looked bleak under the weather in Washington on Thursday as he met with more senators to bolster his chances.”Today’s not looking so good,” Warsh quipped to a CNBC reporter at the Hart Senate Office Building, as it rained heavily outside, as he joined Senator Mike Rounds, R-S.D. Were going for talks with.When Warash was asked how the meetings were going he said, “Things are progressing well, good to see you.”round after the meeting, Posted on x That Warsh “will help keep the central bank accountable and…

US President Donald Trump speaks to reporters before boarding Marine One as it departs from the South Lawn of the White House in Washington, DC on March 11, 2026.Brandon Smialowski | AFP | getty imagesTrump administration on Wednesday New trade investigation announced China, Mexico, the European Union and more than a dozen other economies, with the goal of replacing President Donald Trump’s reciprocating tariffs, which were recently ruled illegal by the Supreme Court.The investigation, which will likely expand to more countries, will be conducted under Section 301 of the Trade Act of 1974. US Trade Representative Jamieson Greer told this…

jetcityimages / iStock.com Commitment to our readers The GOBankingRates editorial team is committed to providing you with unbiased reviews and information. We use data-driven methods to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our review methodology for products and services. 20 yearshelp you get rich trusted by millions of readers When you’re living on a fixed income, you’ll want to be intentional about grocery shopping if your goal is to stretch your budget as much as possible. Affordable grocery stores like Aldi make…

Treasury Secretary Scott Besant reported that the US Navy would begin moving ships through the Strait of Hormuz as soon as “militarily feasible”. sky News On Thursday.Besant said in that interview, “It was always in our planning, that there was the possibility that the U.S. Navy or perhaps an international coalition would take over the oil tankers.”He said, “I believe that as soon as militarily possible, ships will be moved from there with the U.S. Navy and perhaps an international coalition.”Besant’s comments come as the Strait of Hormuz is effectively closed to shipping due to the war against Iran by…

Alan Morris/iStock/Getty Images Commitment to our readers The GOBankingRates editorial team is committed to providing you with unbiased reviews and information. We use data-driven methods to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our review methodology for products and services. 20 yearshelp you get rich trusted by millions of readers There are a ton of new products hitting Aldi stores this February, including shoes, cleaning supplies and unique candles you won’t find anywhere else. And the prices, as always, are low enough to…

The Senate on Thursday passed the largest housing affordability bill in 30 years by an 89-10 vote, including a ban on investors buying single-family homes.But the bill faces a bigger fight in the House, which passed its own bipartisan legislation in February. House GOP leaders have already said the measure would need to be negotiated, suggesting they would not take up a Senate-passed bill. House Majority Leader Steve Scalise, R-La., told fellow House Republicans in a closed-door meeting earlier this week that the measure is likely to be overshadowed by differences between the two chambers’ versions.One of the biggest issues…

Courtneyk/iStock/Getty Images Commitment to our readers The GOBankingRates editorial team is committed to providing you with unbiased reviews and information. We use data-driven methods to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our review methodology for products and services. 20 yearshelp you get rich trusted by millions of readers Reaching the six-figure mark in your 401(k) is a major milestone. So, the GOBankingRates reader who wrote in to share that he’s saved $300,000 in his 401(k) deserves serious applause. Still, readers knew they…

Mojtaba Khamenei, son of Iran’s supreme leader Ayatollah Ali Khamenei, is seen in Tehran, Iran on December 14, 2016.Reza B AFP | getty imagesIran’s new supreme leader Ayatollah Mojtaba Khamenei has a new “verified” account on X, the influential social media platform owned by Elon Musk.Khamenei, whose X handle is @rahbarenghelab_A tweetstorm raged on Thursday about a war by the US and Israel against Iran and the Islamic Republic’s response to it.”Dear combat brothers! The public wishes to continue effective and regret-causing defense. Furthermore, the benefits of blockading the Strait of Hormuz must be continued.” Khamenei wrote in a post…

Sen. Elizabeth Warren (D-MA), with Sen. Angus King (I-ME) (L), speak as Gen. Gregory Guillot, Commander of the United States Northern Command and North American Aerospace Defense Command (USNORTHCOM), Principal Deputy Assistant Secretary of Defense for Homeland Defense and Security Affairs Mark Ditlevson, and Principal Deputy General Counsel of the War Department Charles Young III, in Washington, Dec. 11, 2025. Appeared at the hearing of the Senate Committee on Armed Services on Capitol Hill. DC.Andrew Harnik | getty imagesSenator Elizabeth Warren on Thursday questioned why the US Transportation Command and the State Department are not doing more to evacuate American…