Latest Personal finance News

White House proposes caps on student loan borrowing

Mar. 18, 2019 6:01 PM EDT

The Trump administration on Monday proposed new limits on federal student loans taken out by parents and graduate students as part of a broader proposal to curb the cost of college. White House officials included the plan in a list of suggested changes to the Higher Education Act, a sweeping federal law that...

Liz Weston: How to give money advice that sticks

Mar. 18, 2019 8:33 AM EDT

Unsolicited money advice is like stale fruitcake: Most people wish the givers would just keep it to themselves. Still, those who are "good with money" often want to help friends and family who struggle. Many of us remember the timely money tip that made all the difference: when a co-worker suggested we contribute...

R. Kelly case poses challenge: Separating artist from anthem

Mar. 16, 2019 9:57 AM EDT

DETROIT (AP) — When the recordings of the basic track arrived in Detroit from Chicago, Paul Riser Sr. knew it was time to get to work. But the orchestral arranger also knew he had something special to work with. "It hit me the same way like everyone else in the world: The lyrics are so simple, the melody...

Missouri revenue director to resign after tax chaos

Mar. 15, 2019 6:25 PM EDT

COLUMBIA, Mo. (AP) — Missouri Revenue Department Director Joel Walters will resign next week following blistering criticism because he said the state's tax withholding tables had been wrong for years, issued a revision that he said fixed the problem and then reversed himself and said there had been no...

More charges in $50M state benefits prescription drug probe

Mar. 15, 2019 3:59 PM EDT

A police officer and three firefighters were among seven people indicted this week in an alleged $50 million prescription drug scheme involving public employees, the latest charges in an investigation that has already produced nearly two dozen guilty pleas. A 50-count indictment unsealed Friday by the U.S....

7 tax changes investors should watch for as they file

Mar. 15, 2019 11:57 AM EDT

Americans will face a slew of new rules during the first tax-filing season with the Tax Cuts and Jobs Act of 2017 in effect. Here's what changed for investors: 1. NO DEDUCTION FOR INVESTMENT EXPENSES For taxpayers who itemize, the 2 percent miscellaneous itemized deduction was a handy catchall bucket for expenses...

Kansas GOP's tax bill could undercut school funding it backs

Mar. 14, 2019 10:46 PM EDT

TOPEKA, Kan. (AP) — Republican legislators in Kansas helped advance Democratic Gov. Laura Kelly's plan to boost funding for public schools Thursday before sending her an income tax relief bill that could make it harder for the state to sustain the new spending. The GOP-controlled Senate voted 32-8 to...

Brazil remembers slain politician 1 year after her death

Mar. 14, 2019 8:00 PM EDT

RIO DE JANEIRO (AP) — Tearful friends, family and admirers gathered Thursday to pay homage to a city councilwoman who was gunned down one year ago in a brazen slaying that sparked outrage across Brazil. Marielle Franco and her driver, Anderson Gomes, were killed in central Rio de Janeiro on the evening of...

AP FACT CHECK: Immigrants won't get better tuition than vets

Mar. 14, 2019 4:48 PM EDT

Wisconsin Republicans are decrying a policy in Democratic Gov. Tony Evers' proposed budget that would grant in-state tuition at public colleges to non-U.S. citizens who graduated from a Wisconsin high school or have been a resident of the state for three years. Democrats enacted the benefit more than a decade ago...

$878M South Carolina lottery winner sharing with charities

Mar. 14, 2019 12:50 PM EDT

COLUMBIA, S.C. (AP) — The South Carolina woman who won $878 million in the biggest jackpot payout to one winner in U.S. history wants to share her windfall with the city and state where her good fortune happened. The winner still wishes to remain anonymous because she wants to "live a life of relative...