Latest Personal finance News

Minnesota lawmakers face $7.7B surplus in 2022 session

Jan. 22, 2022 01:13 AM EST

MINNEAPOLIS (AP) — The Minnesota Legislature will enjoy a $7.7 billion surplus when it convenes Jan. 31, a strong financial position but one that is bound to set up clashes in this election year over whether to spend the money on plenty of needs or return it to taxpayers. The main...

Planned natural gas plants would cost $900M, run 10% of time

Jan. 22, 2022 00:02 AM EST

INDIANAPOLIS (AP) — A southern Indiana utility wants to build two new natural gas plants, and a pipeline to get the fuel to them, outside Evansville. CenterPoint Energy, formerly known as Vectren, said this project will help the utility with its transition to renewable energy. It...

New Mexico residents may get tuition-free college

Jan. 21, 2022 20:45 PM EST

SANTA FE, N.M. (AP) — Gov. Michelle Lujan Grisham outlined Friday provisions of a legislative proposal to expand tuition-free public college to more students from New Mexico. The governor is backing a bill that would combine and increase state scholarship funding to cover all...

Arizona sues Biden to keep school anti-mask rules

Jan. 21, 2022 19:54 PM EST

PHOENIX (AP) — Arizona Gov. Doug Ducey sued the Biden administration on Friday over its demand that the state stop sending millions in federal COVID-19 relief money to schools that don't have mask requirements or that close due to COVID-19 outbreaks. The lawsuit filed in federal...

Woman sent to prison, must repay $7.5 million in fraud case

Jan. 21, 2022 16:08 PM EST

ST. LOUIS (AP) — A southeast Missouri woman has been sentenced to three years in prison and ordered to pay $7.5 million in restitution in a Medicaid and Medicare fraud case. A federal judge in Cape Girardeau on Tuesday sentenced 42-year-old Brandy McKay. The Cape Girardeau woman...

Feds: Nursing home operator failed to pay $29.5M in taxes

Jan. 21, 2022 13:09 PM EST

NEWARK, N.J. (AP) — The operator of a failed multi-state nursing home chain failed to pay $29.5 million in payroll and unemployment taxes for his employees at 95 facilities he operated in 11 states, federal prosecutors said. Authorities on Thursday arrested Joseph Schwartz, 62, of...

New Mexico may limit or scrap tax on Social Security income

Jan. 21, 2022 11:13 AM EST

SANTA FE, N.M. (AP) — Legislators are introducing competing proposals to do away with New Mexico's tax on income from Social Security benefits as Gov. Michelle Lujan Grisham throws her political weight behind the idea in an election year. About a dozen states tax Social Security...

Record $600M Idaho tax cut clears House, heads to Senate

Jan. 20, 2022 17:53 PM EST

BOISE, Idaho (AP) — Idaho’s largest-ever tax cut cleared the House on Thursday and headed to the Senate. The House voted 57-13 with no Democratic support to approve the $600 million cut that includes a one-time $350 million in rebates and $250 million in permanent income tax...

California offers college students $10K for public service

Jan. 20, 2022 14:30 PM EST

Gov. Gavin Newsom announced Tuesday that 45 colleges and universities in California, including some of the most prestigious campuses in the state, will be part of a new public service program that will subsidize tuition for students who do community service alongside their studies. ...

Long-term mortgage rates continue rise; 30-year breaks 3.5%

Jan. 20, 2022 13:37 PM EST

WASHINGTON (AP) — Average long-term U.S. mortgage rates continued to rise this week. The rate on the benchmark 30-year loan breached 3.5%. Home loan rates have been running in recent weeks at levels not seen since early 2020, when the coronavirus pandemic was breaking in the U.S....