Michigan Gov. Gretchen Whitmer pushed back Sunday on comments made by former first lady Michelle Obama last year that U.S. voters aren't ready to elect a female president.
"Listen, I have got a lot of colleagues who I think are probably interested in running for president, and I've heard everyone say, 'You can't have this person or that person,'" the governor told NBC News' "Meet the Press."
"I would put my money on any Democratic governor in the country against [Vice President] JD Vance or [Secretary of State] Marco Rubio in 2028," she added, pointing to two Republicans widely expected to run for president in two years.
Asked directly whether a woman could be the best choice to beat a potential GOP presidential nominee in 2028, Whitmer simply said, "I do."
In 2025, Obama said in public remarks: "As we saw in this past election, sadly, we ain't ready. That's why I'm like, don't even look at me about running, because you all are lying. You're not ready for a woman. You are not."

#president

In a housing market where affordability is increasingly out of reach for many buyers, Vic Bulbon is looking at a type of property that's becoming less expensive: condominiums.
With national home prices near record highs and mortgage rates topping 7% in recent weeks, buying a home remains out of reach for many Americans. Condos appear to offer a rare bright spot, with prices falling across the country.
But even with cheaper sales prices, rising homeowners' **** ociation (HOA) fees and one-time special **** sments are driving up ownership costs.
Now, guidelines released this year by Fannie Mae and Freddie Mac, the government-sponsored agencies that back nearly half of all US home purchases, aim to reduce the financial and structural risks of condo buildings. Real estate agents told CNN that the changes could add pressure to the condo market by further driving up HOA fees, increasing the total monthly bill for condo owners, and potentially eroding the savings of a lower purchase price.
As of mid-October, condo sales prices lagged behind single-family home prices in 99 of the 100 largest markets in the United States, according to data from financial services company Intercontinental Exchange provided to CNN. Nationally, single-family home prices rose 1.5% from a year earlier, while condo prices fell 1.1%.

#prices #home #sales #year

Nearly one in three veterans who relies on the government for health care could benefit from taking psychedelic drugs like magic mushrooms or MDMA.
That's not the ******* sment of some hippie or fading 1960s rock star. It came from Andrew Gradison, a senior adviser at President Donald Trump's Veterans Health Administration. Gradison told a conference for psychedelics enthusiasts this month that he is eager to ramp up the VA's capacity to give the drugs to as many as 2.1 million veterans with mental illnesses like post-traumatic stress disorder or depression. Gradison said 6.4 million veterans regularly rely on the VA for care.
No government regulator has deemed psychedelics safe or effective for mental illness. Under former President Joe Biden, the Food and Drug Administration in 2024 resoundingly rejected a proposal to authorize MDMA — also known as ecstasy — combined with talk therapy, to treat people with PTSD.
But psychedelics are getting a second chance in the Trump administration. Trump in April issued an executive order to accelerate research, clinical trials and patient access to the drugs. Republicans in Congress are among psychedelics' biggest backers. And the constituency they are seeking to please, veterans, are disproportionately Republicans.
Veterans, frustrated with high suicide rates among their fellow ex-service members, are lobbying aggressively to see Trump follow through.

#Veterans #psychedelics #drugs #mdma

Michigan Gov. Gretchen Whitmer pushed back Sunday on comments made by former first lady Michelle Obama last year that U.S. voters aren’t ready to elect a female president.
“Listen, I have got a lot of colleagues who I think are probably interested in running for president, and I’ve heard everyone say, ‘You can’t have this person or that person,’” the governor told NBC News’ “Meet the Press.”
“I would put my money on any Democratic governor in the country against [Vice President] JD Vance or [Secretary of State] Marco Rubio in 2028,” she added, pointing to two Republicans widely expected to run for president in two years.
Asked directly whether a woman could be the best choice to beat a potential GOP presidential nominee in 2028, Whitmer simply said, “I do.”
In 2025, Obama said in public remarks: “As we saw in this past election, sadly, we ain’t ready. That’s why I’m like, don’t even look at me about running, because you all are lying. You’re not ready for a woman. You are not.”

#person

New York governor Kathy Hochul will today (Monday) launch an 88-person exploratory committee to report on the feasibility and challenges of a formal bid to host the Winter Olympic Games, according to people with knowledge of the announcement who spoke anonymously as they were not authorized to do so publicly.
The potential bid would see New York City and Lake Placid partner to host the 2042 edition.
Earlier this year, Gov. Hochul told The Athletic that "significant" meetings had taken place as she seeks to return the Winter Olympics to New York state for the first time since 1980, which is best remembered for the Miracle on Ice when the U.S. hockey team defeated the Soviet Union. Gov. Hochul, while announcing the committee today, will also announce a $2.5 million funding commitment to create a monument in Lake Placid in honor of the Miracle on Ice team.
The Lake Placid-New York City Olympic & Paralympic Winter Games Exploratory Committee will have an eight-strong leadership group, which will include Ashley Walden, the president and CEO of the Olympic Regional Development Authority, as well as representation from the offices of Senators Chuck Schumer and Kirsten Gillibrand (both Democrats), sources said. It will also include Julie Su, appointed deputy mayor for economic justice of New York City by mayor Zohran Mamdani, as well as Hope Knight, the president of Empire State Development, the New York state economic development arm.
There is a 16-member sub-committee on finance, which includes John Collins, co-owner and operating partner of the New York Islanders, and Josh Cohen, the son of New York Mets owner Steve Cohen, who works as the team's vice president of business development. Randy Levine, the owner of the New York Yankees, is one of 12 members of a legal sub-committee, which also includes Robert Landau, the executive vice-president of NBC Universal, the long-time broadcaster of the Olympics in the United States.

#city

LAS VEGAS - In the zaniness of the play that resulted in his touchdown flip to Keon Coleman, Josh Allen didn't really know what happened.
He had Bills Mafia to thank for that.
"It's so hard in these away games, which feel like home games, once you hear the crowd go crazy, you're like, 'I don't know if it's a touchdown, I don't know if it's an interception,'" Allen said with a smile Sunday night following the Buffalo Bills' latest nutty victory, a 33-30 shootout over the Las Vegas Raiders.
Oh, it was a touchdown, one of the highlight plays of a season that is already filled with them for Allen and the Buffalo offense.
"That was a show, for sure," Bills center Connor McGovern said. "That was one of those, I stopped, I was like, holy (crap), he just did that."

#know #keon

Just four months before the second anniversary of Paquita la del Barrio's death, tragedy has struck her family once again. On Wednesday, it was confirmed that Martha Elena Martínez Viveros passed away at the age of 47, the singer's adopted daughter. The news has caused a deep stir in the entertainment world and among the beloved artist's fans.
The confirmation of her passing came through Paquita la del Barrio's official account. "Today, mother and daughter are reunited in heaven," reads a memorial note full of memories and respect. "There are goodbyes that hurt deeply and words that will never be enough to express the emptiness left by the loss of a loved one. With profound sadness, we say goodbye to Martha Elena Martínez Viveros, daughter of our dear Paquita la del Barrio," it continues.
Miguel Gerardo Viveros (C) son of Paquita la del Barrio attends with his family the tribute to the late Mexican singer at "Casa Paquita" on February 21, 2025 in Mexico City, Mexico. (@ Getty Images)
According to local reports, Paquito, the singer's former manager, shared details of what happened: "She was fine, and from one moment to the next she was gone, at such a young age," he said, explaining that it was due to cardiac arrest, something shocking, as he was not aware of any health issues. In recent days, Martha had traveled to Peru with her granddaughters, where she enjoyed a wonderful family trip. Martha Elena was found dead in Veracruz, where the local government of Alto Lucero posted a tribute in her honor, offering condolences to the Martínez Viveros family and recognizing the profound mark that the singer and her daughter left on the community.
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#martha #viveros #family

President Donald Trump's portfolio managers bought as much as $30 million in Meta stock and ******* eX debt in August as purchases made in his name continue to be highly active.
A newly released financial disclosure shows more than 500 securities transactions in August, including up to $25 million in Meta stock and $5 million in ******* eX debt. His portfolio also invested in AT&T, Netflix and Chevron. In contrast, he sold shares of Advanced Micro Devices, T-Mobile, Dell Technologies and Nvidia.
Democrats have criticized moves made by the president's portfolio managers in the past. Sen. Elizabeth Warren and Rep. Robert Garcia sent a lengthy letter to Trump in August, saying they want to know who are the money managers in charge of his investments.
"One ******* ysis estimates that you reported more than 14,000 stock trades, worth up to $1.06 billion during your first year in office. The total is likely higher as these reports don't even include transactions worth less than one thousand dollars," reads a passage of the letter.
"The sheer volume of this trading activity and the timing of a number of transactions, raise questions about whether you are using your knowledge of government activities, your official authority, or the vast megaphone provided by the Presidency to make investments or move markets to your personal benefit—and about whether you have been making decisions that boost your portfolio at the expense of taxpayers, the economy, and national security," it adds.

#million #Stock

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The Internal Revenue Service is issuing notices to taxpayers stating that they may qualify for the Saver's Match, a government-funded $1,000 retirement account contribution, beginning in 2027. The program replaces the Saver's Credit, which ends on Dec. 31, 2026.
Taxpayers who previously filed for that credit are receiving a notification about the new program, which will provide a matching contribution of up to $1,000 for single filers and $2,000 for joint filers in the 2027 tax year.
Here's the latest on who is eligible.
Read more: Retirement planning by age: The complete guide for your 20s-70s

#credit #internal #revenue

The 10-year Treasury yield recently hit its highest level in 24 years at 5.3%. That high yield has income-seeking investors wondering whether to load up on Treasuries while they're at a historically high level.
Here's a look at how much passive income you can generate over the next 10 years on Treasury bonds compared to another popular income-focused investment: the Schwab U.S. Dividend Equity ETF (NYSEMKT:SCHD).
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Getty Images.
A 10-year Treasury bond is a fixed-income investment backed by the full faith and credit of the U.S. government. It's a global financial benchmark that influences the rates of almost all consumer and corporate credit, including mortgages.

#treasury #missed #year #investors

Ukraine on Thursday accused Russia of deliberately targeting civilians after 30 people were killed when two buses were blown up in the frontline city of Kramatorsk, in one of the deadliest single attacks for weeks.
Photos posted by local authorities showed the burnt-out metal shell of the vehicles, with the blurred-out images of bodies and debris strewn across the road.
Police said the buses were hit with a glide bomb.
The strikes come just a day after five children were among 22 killed when a Russian missile struck a five-storey apartment block in Pryluky, in the northern Chernigiv region.
"The Russians are deliberately targeting civilians," Donetsk Governor Vadym Filashkin said, accusing Moscow of flouting "every conceivable rule of warfare and norm of international humanitarian law".

#targeting #civilians #Russia

Hurricane Isaias, the first hurricane of the Atlantic season, is expected to strengthen when it approaches the northern Gulf Coast on Friday, prompting mandatory evacuations, school closures in parts of Florida and the threat of a life-threatening storm surge, according to the National Hurricane Center.
Isaias is forecast to make landfall within the warning area late Friday or early Saturday, according to the National Weather Service, which warned of damaging hurricane-force winds. The National Hurricane Center (NHC) said Isaias was expected to remain a strong hurricane throughout this period.
It is unclear exactly where Isaias might make landfall. Current models show the center of the storm coming onshore anywhere from eastern Mississippi to the western tip of the Florida Panhandle.
The NWS said residents in portions of the Florida Panhandle, southern Alabama, some parts of Mississippi, including the south, should "prepare for the possibility of long-duration power outages."
The governors of Florida and Alabama declared states of emergency for dozens of counties. Okaloosa County in Florida announced mandatory evacuations for some coastal areas. "Residents should take this storm seriously and evacuate," the county government said in a news release.

#national #center #panhandle

Debra Messing is facing intense backlash over her decision to support Republican Bruce Blakeman in New York's gubernatorial race.
Messing, who has previously supported Democratic candidates including Joe Biden and Hillary Clinton, shared an Instagram statement Tuesday evening laying out her reasons for endorsing the Donald Trump-backed candidate.
"For years, my focus has been protecting choice and voting rights, passing the ERA, protecting the rights of the gay community, and keeping out children's schools safe from gun violence. I still stand by every one of those principles. That hasn't changed," Messing wrote. "What has changed is how I feel about the city and state I love dearly."
The Will & Grace star said that after voting for Governor Kathy Hochul four years ago, she had reflected on that decision ahead of the November election. "So I asked myself the question I'd encourage everyone to ask. Not: 'Which party am I supposed to vote for?' But: 'Who do I believe will actually make life better for the people I love and the place I live?'"
For Messing, that person is Blakeman. "I don't agree with him on everything, and I don't expect to," she wrote. "No candidate is perfect. But on the issues that are hurting New Yorkers right now, I believe he's the right choice. Yes, he's been endorsed by the President. That's not what my vote is about."

#voting #rights #changed

Prosecutors in New York are expected to bring new charges against former Venezuelan President Nicolás Maduro and his wife Cilia Flores over the alleged torture of Americans who were held in Venezuelan government custody in recent years, according to multiple people familiar with the investigation.
An announcement could come as soon as Thursday, the people said.
The new charges relate to what the US government has said was the wrongful detention of more than a dozen US citizens in Venezuelan prisons during the time Maduro led a repressive regime in Venezuela, the people briefed on the investigation said.
Investigators have also discussed charging several additional people for their alleged role in the torture of Americans, according to a source familiar with the matter.
CNN has reached out to lawyers for Maduro and Flores.

#americans #government

Much of President Donald Trump's second term has focused on changes to the nation's capital.
But his ambitions to remake the physical architecture of the presidency transcend Washington: Trump wants to transform his West Palm Beach golf club into a presidential retreat modeled after Camp David.
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The plan calls for a parcel of the private club to be designated a permanent, official sanctuary for foreign leaders and future U.S. presidents, designed to host international summits and house presidents when they take vacations in Florida, according to a proposal presented to Palm Beach County officials by Trump International Golf Club's legal counsel. Future presidents would also be offered comped memberships to the Trump club.
"Just as Camp David, Windsor Castle, or the Elysee Palace are known worldwide, so too will the Presidential Golf Course in Palm Beach County," Harvey Oyer, a lawyer representing the Trump course, wrote to the Palm Beach County Board of County Commissioners in a letter last month. Oyer asked the county, which owns the property the course is on, to provide a piece of the land to the federal government, and he promised Trump would pay for the construction of a presidential residence and facilities on that land.

#Trump #county #golf #washington

Jamie Dimon has spent much of this year warning that the bond market is a problem waiting to happen. On April 28, at a conference hosted by Norway's sovereign wealth fund, the JPMorgan Chase CEO said there would be "some kind of bond crisis," according to TheStreet.
The debt he had in mind was mostly owed by governments. But Dimon has long argued that the pain lands somewhere else.
In a 2025 Fox Business interview, he said bond market volatility hurts the people raising money, small businesses included. He admitted he could not tell whether trouble was six months or six years away. This time, he named the next group in line.
Also read: Scott Bessent just made a bold move on the bond market
Speaking on the sidelines of a JPMorgan event in London on Oct. 6, Dimon said the worldwide scramble for capital could begin to squeeze corporate borrowers, Bloomberg reported. Investors will keep asking for more, he said. At some point, that feeds into corporate debt and credit spreads.

#debt

WASHINGTON (AP) — Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, according to minutes released Wednesday from the central bank's most recent meeting.
The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years.
The increase defied President Donald Trump's repeated calls for the Fed to cut rates and prompted the president to criticize the Fed's rate-setting committee, though he still expressed support for Chairman Kevin Warsh, whom he appointed earlier this year. The rate increase comes as Americans are already struggling with high costs for groceries, gas and housing, and as affordability has taken on a leading role in the upcoming midterm elections, just seven weeks away.
Longer-term interest rates for mortgages and other borrowing have also jumped in the past few months for a range of reasons, including rising government debt, heavy borrowing by tech firms to finance data center construction, climbing oil and gas prices, and signs that growth and inflation remain elevated. The Fed's rate hike has likely played only a limited role in the increase.
Still, key policymakers have said since the meeting that the Fed can take some time to monitor the economy and the impact of last month's rate hike before making another move. Wall Street investors now forecast the Fed will keep its rate unchanged at its next meeting Oct. 28-29, according to futures pricing, and raise it when they meet in December.

#officials

This is one of the best letters that I have read in my lifetime ("We lived within our means: I earned $30,000 as a pastor and still retired comfortably"). I used to be a mortgage-loan officer; I would get a couple that each made six figures, but would have difficulty qualifying them for a loan amount they wanted because of their consumer-debt load.
Conversely, I would have a blue-collar "Joe Sixpack" that made substantially less but saved and saved and saved, and who got the loan he needed for a house. People in the U.S. need to wake up and not be compulsive: Quit buying things you really don't need. It's that way with the federal government as well, and based on that.
'People in the U.S. need to wake up': As a mortgage loan officer, I rejected applications from wealthy couples. Here's why.
Google makes a fresh bet on nuclear power as the AI energy crunch intensifies
We'd better get real quick or we're going to have a financial crisis that makes the Great Recession of 2008 look like a picnic.

#makes

Social Security acts as a financial safety net for many retirees, but it's not enough for most. These government checks were never designed to cover all living expenses. Social Security is a supplemental income source that can keep up with expenses if you combine it with savings.
That's why many people are encouraged to save up before retirement, and the math proves it. Your life in retirement will be very different if you just live on Social Security compared to having $500,000 in savings alongside your government checks. Let's break it all down below.
The average monthly Social Security benefit for retired workers as of mid-2026 was $2,085.98, according to the Social Security Administration (SSA). At that rate, you will not pay any taxes on Social Security, ******* uming you do not have any other income sources. You won't even have to worry about state income taxes.
However, that's where the advantages end if you rely exclusively on Social Security. Per Apartment List data, the national median rent was $1,390 in August. That median rent leaves you with less than $700 for groceries, transportation, healthcare, utilities, insurance, debt and miscellaneous purchases.
For most people, the average Social Security is not enough. High-earners can max out their benefits at $5,181 per month if they earned a high salary for most or all of their 35 highest-earning years and wait until 70 to tap into Social Security, per the SSA. That monthly amount offers more room for financial flexibility, but the average is insufficient for most people unless their spouse earns a similar check or they live very frugally.

#income #financial

The 10-year Treasury yield recently touched its highest level in roughly two decades, north of 5.3%, per CNBC.
When the 10-year Treasury yield rises, stocks can become less attractive because investors can earn higher yields on safer bonds, and higher borrowing costs can weigh on companies and their growth. At the same time, older bonds with lower interest rates lose market value compared with newer, higher-yielding bonds.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In short, this yield is the interest rate the U.S. government pays to borrow for 10 years and is a key benchmark for global borrowing costs and economic outlook.
Here's a difference that matters. A Treasury note pays you the same coupon in year 10 that it pays you in year one. A growing dividend you can find in a stock doesn't sit still. It compounds. Buy the right business today, and the income it hands you a decade from now can be meaningfully larger than what it pays this year, on top of whatever the stock itself is worth by then.

#treasury

By Olena Harmash and Vladyslav Smilianets
KYIV, Oct 7 (Reuters) - Russia pounded Ukraine with waves of missiles and drones on Wednesday, killing at least 15 people and hitting residential buildings, industrial facilities and infrastructure, Ukrainian officials said.
One Russian missile slammed into an apartment block in the northern ‌city of Pryluky, killing at least nine people including three children, regional governor Vyacheslav Chaus said.
Dozens of rescuers picked through the rubble at the ‌site where several sections of the five-story building collapsed, Reuters video showed.
Emergency workers used ladders to get to the upper floors of what remained of the building. Around 40 people were wounded, the governor said.

#people #reuters #least #olena

A key gauge of where the market thinks rates are headed is the CME FedWatch survey, which polls interest rate traders. In the days leading up to the September Federal Open Market Committee (FOMC) meeting, almost 60% of those polled expected a 25-basis-point rate hike, which the FOMC delivered on Sept. 16.
While most, 78%, expect rates to stay the same at the Oct. 28 Fed meeting, an overwhelming majority of traders anticipate a rate hike when the FOMC meets on Dec. 9. Specifically, 67% expect a 25-basis-point increase, and 17% say rates will be 50 basis points higher by then.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
They may be taking cues from FOMC members themselves, like Fed Governor Michael Barr. In a speech on Sept. 29 in Detroit, Barr said eight words that gave a decent clue as to what he is thinking about rates.
"Further policy adjustments are likely to be needed," Barr said in Detroit last week, "to ensure inflation comes down to target in a timely fashion."

#missed

Arnold Schwarzenegger is teaming up with James Patterson.
The actor and former governor of California co-wrote an upcoming book ******* led The Protector with Patterson, one of the world's most widely read authors. This marks Schwarzenegger's debut as a novelist. It will be published by Little, Brown and Company on Oct. 4, 2027.
The new novel is set in modern-day Los Angeles. It follows a Catholic priest named Father Viktor Brennan, a military veteran who is new to a small parish plagued by violence.
"Father Brennan confronts the criminals threatening the community he's vowed to protect, even as his courageous actions endanger his life, and reveal clues to his mysterious past," according to an official description.
The character of Father Viktor Brennan takes inspiration from both Schwarzenegger and Patterson's Catholic backgrounds.

#father #brennan #james

The $200 million in payments dwarfs previous amounts disclosed in the case.
The former CIA officer arrested after authorities discovered roughly $40 million worth of gold bars in his Virginia home pleaded guilty in federal court on Tuesday to a single count of wire fraud, admitting he defrauded the U.S. government out of nearly $200 million for his personal benefit.
David Rush was previously described by prosecutors as a "master manipulator" who used his clandestine position to amass millions worth of gold bars and luxury watches -. though the government revealed in Tuesday's hearing the extent of his alleged deception far exceeded what was previously known to the public.
The nearly $200 million in payments to Rush, which dwarfs previous amounts disclosed as part of his case, will likely only further draw public and congressional scrutiny to the intelligence community to provide more transparency regarding its methods in doling out taxpayer dollars to agents and the oversight that follows such exchanges.
The case has drawn widespread intrigue and raised major questions regarding the intelligence community's management in overseeing the secretive systems that grant officials like Rush the ability to amass high-value ****** ets tied to their work.

#million #payments #dwarfs

The Trump administration is struggling to get clear answers about the death of a Russian laboratory worker at an institute dedicated to studying the plague and has formally escalated its request for information from the country, amid days of stonewalling from Russian officials about the mysterious circumstances surrounding the episode.
The death of the technician at the Irkutsk Research Anti-Plague Institute of Siberia immediately raised alarms throughout the administration, prompting a race to compile intel and plot for a potential public health response, according to multiple sources familiar with the matter.
But Russia’s reluctance to share information about the incident has complicated those efforts, leaving officials uncertain what broader risks it could pose — and how exactly to defend the US against them.
The US escalated its request for information, issuing a formal diplomatic communication, called a démarche, a source familiar told CNN late Tuesday.
“We have officially requested additional information from the Russian government,” a State Department spokesperson said. “We are also in official communication with other countries around the world to share information.”

#information #russian #request #officials

VICI and ARCC pay nonqualified dividends taxed at ordinary rates, making a Roth shelter worth $12,222 annually at the 24% bracket.
AGNC's 16.55% yield creates the steepest Roth advantage, while MPLX and EPD can trigger unrelated business income taxes inside an IRA.
Reinvested at 4%, the $12,222 annual Roth advantage compounds to $363,948 over 20 years with no price growth ****** umed.
Building a portfolio and living off one are two completely different skills, and almost ****** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
In 2026 the 24% federal bracket covers individuals whose taxable income tops $105,700 and married couples over $211,400. At that rate, a portfolio paying $50,925 a year in ordinary dividends sends $12,222 to the government annually. Hold the same stocks in a Roth IRA and that bill quickly drops to zero.

#dividends #annually #advantage

President Donald Trump signed an executive order Monday evening temporarily allowing the use of red-dyed diesel on public roads and deferring the federal excise tax on that fuel through the end of the year, a move aimed at lowering costs for truckers and farmers facing record-high diesel prices.
Red-dyed diesel is chemically the same product as standard highway diesel, but carries a red dye to mark it as off-road fuel — meaning it is not subject to the 24.4-cent-per-gallon federal excise tax that applies to diesel sold at the pump for road use, such as for tractors and heavy machinery. Using it in highway vehicles has been illegal, carrying penalties for tax evasion, according to CNBC.
According to the White House, the order instructs the Treasury Secretary to hold off on collecting federal excise taxes on highway use of dyed diesel between October 5 and December 31, 2026, and to do so without charging interest or imposing penalties. The Treasury is also directed to direct the Internal Revenue Service not to impose penalties for on-road use of dyed diesel during that period. The order further instructs officials to explore pathways, including legislation, to eliminate the deferred tax obligations entirely.
The White House projected that a trucker who tops off an 18-wheeler's tank with 250 gallons stands to save over $100 on a single fill-up, provided the trucker's state suspends its own diesel tax as well. On top of the federal levy, each state levies its own diesel excise tax, and those state-level taxes average out to 35.5 cents per gallon, according to CNN.
The order also directs the Secretary of Agriculture to coordinate with agricultural cooperatives and rural fuel distributors to ensure adequate dyed diesel distribution in high-demand areas, and the Secretary of Transportation to engage with state governments and industry stakeholders. The White House Office of Intergovernmental Affairs was directed to encourage states to adopt corresponding policies.

#Diesel #federal #House #according

Social Security is the only income that automatically beats inflation, making it the anchor of any retirement plan built on $540,000 in savings.
Delaying Social Security past 64 and bridging expenses with Treasury bills yielding above 4% produces a larger lifetime benefit and a smaller tax bill.
The 4% withdrawal rule applied to $540,000 yields about $21,600 annually, and claiming Social Security early permanently cuts that check by roughly 20%.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
A 64-year-old with $540,000 saved and a $2,600 monthly Social Security estimate has two very different kinds of money. One is a government check that rises with prices for life, while the other is a portfolio that has to survive market drops, inflation and possibly 30 years of withdrawals. The income you can count on depends almost entirely on how you connect those two pieces over the next three years.

#security #income #almost #years

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During most of the decades you are preparing financially for retirement, you are likely focused on saving as close as you can get to the recommended amount, without worrying too much about the details. As you approach retirement, however, it's a good idea to look more closely at what might be a realistic retirement budget. At age 62, with $890,000 in a 401(k) account, $115,000 in a Roth IRA and accounting for Social Security benefits, you can likely generate enough income to cover typical retiree lifestyle expenses. Your individual needs may vary, of course, but there are likely moves you can make now and in retirement to give you the flexibility you'll need to fund a comfortable and secure retirement.
Consider speaking with a financial advisor for help building an effective retirement strategy.
A typical retirement budget starts with the income side and Social Security benefits represent an important part of that for a large majority of retirees. Social Security is lifelong, guaranteed by the U.S. government and includes annual cost-of-living adjustments to keep up with inflation. The amount of your specific benefit is controlled by your work history and age at claiming. ****** uming your current income is $90,000 annually, here are estimates of your annual Social Security benefit based on your age when you start claiming benefits:
Age

#annual

JPMorgan Chase (JPM) CEO Jamie Dimon sharpened his warning about the risks of a global bond sell-off on Tuesday, saying the world's massive competition for capital could begin squeezing corporate borrowers.
Dimon warned that the combination of rising government borrowing costs and spending on the AI boom could spill into corporate credit markets, pushing up the costs for companies to refinance or raise new debt.
"There will be a point where the market will ask for more and more and more, and yeah, at one point that'll feed into corporate debt, corporate credit spreads, and things like that, which is how it normally happens," Dimon said in a Bloomberg interview on the sidelines of a JPMorgan event in London.
"The best thing to do with any of these things is deal with it before it becomes a crisis. If it becomes a crisis, we will deal with it. It just will be in a much less pleasant way," he added.
The warning comes as a global rout in bonds has pushed longer-term borrowing costs sharply higher in recent weeks, with the benchmark US 10-year Treasury yield recently surpassing heights not seen since 2002.

#credit