Tips from a financial expert on saving for specific goals
Most Americans feel financially ready to reach their goals, but wish they had a plan in place. HerMoney Media CEO Jean Chatzky joins Wealth to share how automation, behavioral finance, and visible goals can help savers build better habits.
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Newsweek
11 minutes ago
- Newsweek
Donald Trump's Net Approval Positive on Only One Key Issue
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump's net approval rating is negative on a range of issues except immigration, a new poll shows. According to political analyst and statistician Nate Silver, writing in his Silver Bulletin Substack, Trump has a net negative approval rating on trade, the economy and inflation but a slightly positive rating on immigration. Why It Matters Taking the temperature of the nation, approval ratings are good measures of the public's response to Trump's policies and his actions as president. In the first few months of his second term, Trump's popularity has fluctuated, with some polls more favorable than others. Sustained backlash to his policies could persuade the president to change his approach. Trump, who made immigration a central part of his campaign, has vowed to crack down on border security, carry out mass deportations and end federal benefits for people residing in the country illegally. President Donald Trump speaking with reporters in the rain after arriving on Air Force One at Joint Base Andrews in Maryland on May 30. President Donald Trump speaking with reporters in the rain after arriving on Air Force One at Joint Base Andrews in Maryland on May 30. AP Photo/Julia Demaree Nikhinson What To Know Silver aggregated dozens of recent polls and found that Trump's approval rating on immigration was +2.5 percent. The president did not fare as well on other issues, with a -9.5 percent approval rating on trade, -11.3 percent on the economy and -17.5 percent on inflation. May polling conducted by Verasight U.S. for Strength in Numbers found similar results, with Americans disapproving of the president's handling of all the policy areas they were asked about except border security. That poll also found that 49 percent disapproved of his immigration policy, while 47 percent approved. Overall, Silver found that when analyzing the polls, Trump had a -5.4 net approval rating. An RMG Research/Napolitan News poll, conducted between May 14 and 21 among 3,000 registered voters, showed Trump's approval rating at 48 percent, with 50 percent disapproving. The poll had a margin of error of plus or minus 1.8 percentage points. Other polls have found a more positive response to the president. According to a recent Rasmussen survey, 53 percent of respondents said they approved of Trump, while 46 percent said they disapproved. What People Are Saying Scott Lucas, a professor in international politics at University College Dublin, previously cautioned against reading too much into any one poll, telling Newsweek: "Opinion polls have their own biases." President Donald Trump wrote on Truth Social on April 20: "We are, together, going to make America bigger, better, stronger, wealthier, healthier, and more religious, than it has ever been before!!!" What Happens Next The midterm elections, scheduled for November 2026, may offer a clearer indication of voters' attitudes toward the president's policies.
Newsweek
21 minutes ago
- Newsweek
IRS Tax Refund Timeline: June 2025 Schedule
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Millions of Americans are anticipating their 2025 federal tax refunds, and throughout June the Internal Revenue Service (IRS) will be reviewing and handing out payments via direct deposits and mailed checks. Why It Matters Despite budget constraints and potential processing delays, most taxpayers who filed in May should receive their refunds in June—particularly if they filed electronically and opted for direct deposit. The IRS began processing refunds after the April tax deadline. With an average refund hovering around $2,950, this annual injection of funds can be significant for many households. However, the actual arrival date of a refund depends heavily on how and when the return was submitted. When Will Tax Refunds Arrive? The IRS has laid out specific refund timelines depending on the filing date and method. Taxpayers who submitted returns electronically with the option of direct deposit between May 1 and May 15 can expect their refunds to arrive from May 22 up to June 4. If those returns were filed electronically but opted for a mailed check, refunds were expected to arrive between May 29 and June 11. For paper filers in this window, refunds may arrive as late as July 10. Those who filed between May 16 and May 31 can anticipate their refunds between June 6 and June 19 for direct deposits, June 13 and June 26 for mailed checks, and July 11 to July 25 for paper filings. The IRS encourages all taxpayers to use its Where's My Refund? online portal to track their payment status. This tool provides updates on whether a return has been received, approved, or sent. File photo of the Internal Revenue Service headquarters in Washington D.C. File photo of the Internal Revenue Service headquarters in Washington D.C. J. David Ake/AP How Much is the Average Refund? The average refund amount for 2025 is approximately $2,939. That figure is slightly higher than last year's average amount of $2,869, though individual refunds vary based on earnings, withholding, tax credits, and deductions. Those eligible for refunds are generally taxpayers who overpaid their 2024 tax liabilities. It represents the excess amount withheld or paid during the year compared to what was owed. However, errors in tax filings, missing documents, or incomplete forms can delay processing. The IRS's reduced staffing and budget are also contributing to longer wait times—especially for paper returns, which require manual review. The IRS recommends that taxpayers ensure all documents are complete, accurate, and that direct deposit information is correct to minimize delays. Tracking and Delays The filing method continues to be a major factor in refund speed. E-filing with direct deposit is the fastest method and is typically processed within 21 days, barring issues. Meanwhile, paper filers must account for potential delays of several additional weeks, particularly if their return requires manual correction or verification. Taxpayers with questions about their refund status or experiencing a delay beyond the standard processing window are advised to use the IRS's online tracking tool or contact the IRS directly if the refund has not arrived after 21 days from e-filing, or six weeks from mailing a paper return. As a reminder, the IRS began accepting individual returns in January, and the deadline for most taxpayers was April 15, 2025. Those who filed for an extension have until October 15, 2025, to submit their returns, though payment was still due by the April deadline. With these expectations in place, many Americans should see their 2025 refunds arrive before the end of June, provided all submission details were in order.
Yahoo
26 minutes ago
- Yahoo
Nebraskans have a couple of questions
Nebraska's congressional delegation is shown in Washington. From left: U.S. Rep. Mike Flood, R-Neb., Nebraska Gov. Jim Pillen, U.S. Sen. Pete Ricketts, R-Neb., U.S. Rep. Adrian Smith, R-Neb., U.S. Sen. Deb Fischer, R-Neb., and U.S. Rep. Don Bacon, R-Neb. Feb. 5, 2025. (Courtesy of Nebraska Governor's Office) Welcome to another 'What If?' press conference, questions for Nebraska's congressional delegation in Washington. Since our last session, the White House has tried to shutter the U.S. Department of Education, our tariff 'policy' resembles a yo-yo, the inaptly-named 'big, beautiful bill' has uglied up the nation's balance sheet, and curious Americans have taken to looking up both 'emoluments' and 'original sin.' Let's start with the aforementioned BBB. The House kept vampire hours to pass it by a single vote, after which the yays, apparently in a fit of sleep-deprived hubris, congratulated themselves before the bill went to the Senate. We have a couple questions: Your own accounting firm, the Congressional Budget Office, determined the BBB gives 60% of its tax breaks to the top fifth of the income bracket, yet cuts food assistance and health care to millions of poorer Americans. How does this benefit the country and what problem does it solve? The five of you belong to a political party that has historically railed against deficits. The CBO projects the BBB will add $3.8 trillion to the nation's deficit over the next decade. Please explain what the economic advantage is here, given the dismal history of such cuts: See Reagan 1981, G.W. Bush 2001 and 2003 and Trump 2017 for details. We'll move on. During a recent congressional hearing the Secretary of the Department of Homeland Security couldn't come up with the meaning of habeas corpus when she was asked to define it. This comes on the heels of recent interviews in which high-ranking administration officials, including the president, couldn't guarantee that federal detainees would be given due process. Hmm? Assuming you still support habeas corpus and due process, when and how should Congress intervene when the administration ignores these most basic of principles in a country in which the rule of law is paramount? This next question is actually a matter of math. According to the Partnership for Public Service, using numbers from the federal Office of Personnel Management, 'in absolute numbers, the federal workforce is slightly smaller than it was 50 years ago, even as the U.S. population has increased by nearly two-thirds during that time period.' Even though the courts have tied up or reversed much of the Department of Government Efficiency's work, how do you square those numbers with DOGE's scorched-earth policy, especially since the American public has been provided scant evidence of findings of waste, fraud, and abuse, the triplex premise on which DOGE hangs its hat? Time to talk tariffs. To date, even a casual observer would conclude that the president's on again, off again tariff proclamations have roiled markets and created uncertainty with little resulting economic benefit. As you know, Article I, Section 1 of the U.S. Constitution gives only Congress the power to levy tariffs. Even though previously enacted laws allow Congress to let the president set tariffs in certain situations, could you explain and defend the 'qualifying' situation in which we find ourselves and detail how Congress sitting on the sidelines at this juncture in the levying of tariffs benefits Americans? The president has pulled $2.5 billion from Harvard University, threatened its tax-exempt status, tried to block enrollment of foreign students and pretty much wants a say in whom it should hire and what it should teach. All this to curb what he says is Harvard's anti-semitism, a charge which, while acknowledged in part by the school, remains without specifics. (Nevermind that the president hosted a cryptocurrency dinner during which a number of coins carried virulently anti-semitic names.) Some have argued that Harvard is simply the poster child for the administration's 'war on higher education,' in the guise of eliminating DEI, CRT, essentially any voice contrary to its liking. First, should the government be telling colleges and universities what to teach, who should teach it and who is allowed to learn? Please respond to the following quote as it relates to social studies and history curricula. 'History is not there for you to like or dislike. It is there for you to learn from. And if it offends you, even better, because you are less likely to repeat it. History is not yours to change or destroy. It belongs to all of us.' Could you explain what problem is solved by closing the Department of Education, which, as you know, sets no curriculum? Finally, does it ever occur to you that some in Washington have no idea what they are doing or worse, know what they are doing, know it's bad for America and do it anyway? Asking for some friends. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
