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☆ Your home sale could trigger capital gains taxes. Here's how to calculate your bill
▼ + stars: | 2024-05-13 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

You can reduce your home sale profit by adding often-forgotten costs and fees to your basis, which minimizes your capital gains tax liability. For example, you can start by tacking on fees and closing costs from the purchase and sale of the home, according to the IRS. The average closing cost nationwide is $4,243, according to a report from Assurance, but fees vary widely. That includes your real estate commissions and closing costs. The 'best way' to reduce capital gains taxesYou can further increase your home's basis by tacking on the cost of eligible upgrades, experts say.

Persons: Thomas Scanlon, Raymond James, Scanlon, tacking, Paul Fenner Organizations: Westend61, tacking, Tamma Locations: Manchester , Connecticut, New York, California, Commerce Township , Michigan

Let’s talk about why President Biden is spending three days in Pennsylvania this week — a lot of time by campaign standards. By now, you probably know that just a few swing states are pivotal to winning the White House in November. For Mr. Biden, the Keystone State is the most crucial. This fight is also personal: Mr. Biden is a native son of Pennsylvania who spent part of his childhood there, identifies with its working-class, regular-folk vibe and gets intuitively how the state is a microcosm for America. The goodish news for Mr. Biden is that he appears to be running neck-and-neck here with Mr. Trump, according to polling and campaign insiders, unlike in some other swing states where he is struggling a bit more.

Persons: Biden, It’s, Donald Trump, Scranton, Trump, “, ”, Representative Mary Gay Scanlon, Biden’s Organizations: White House, Keystone State, Democrats, Representative Locations: Pennsylvania, America, Philadelphia

Working part-time, she couldn't afford the hundreds of dollars she would need for an abortion and had to turn to a trusted friend to help cover the costs. New Jersey and nine other states require health insurers to cover abortion services, but it is the only state among that group that doesn't bar out-of-pocket costs, according to KFF, a nonprofit that researches health care issues. A medication abortion typically costs $600-$800, while a surgical procedure could cost up to $2,000, according to Planned Parenthood. It also coincides with a yearslong effort to expand abortion services in the state, as Democratic officials sought to blunt the impact of the Supreme Court's overturning of Roe. New Jersey has already enshrined abortion rights as law, increased funding for abortion services and required regulated health insurance plans to cover the procedure.

Persons: Dawn Ericksen, “, ”, ’, Phil Murphy, Roe, Wade, Murphy, Kaitlyn Wojtowicz, ” Murphy, Teresa Ruiz, it's, ” Ruiz, John DiMaio, Sen, Declan O'Scanlon Organizations: New Jersey's Democratic, Democratic, Supreme, Legislative Republicans Locations: TRENTON, N.J, New Jersey, U.S, . New Jersey, Roe . New Jersey, . California, Jersey

☆ Your tax dollars are getting spent on weight-loss drugs like Ozempic, and the total is adding up
▼ + stars: | 2024-01-11 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

AdvertisementConnecticut was quick to experience the impact of weight loss drugs on its economy last year. Politico reported in November that the state's employee health plan was set to spend $30 million on drugs like Ozempic and Wegovy. Comptroller Sean Scanlon told BI that that was up from $8 million in 2020. Connecticut began testing out a method to offer those seeking weight loss drugs access to a program with online tools for weight management. In North Carolina, the State Health Plan has put a moratorium on new users of GLP-1 drugs for weight loss.

Persons: Sean Scanlon, Scanlon, it's, Dale Folwell, Folwell, Shelby Livingston, Eli Lilly, that'll, Nik Modi Organizations: Service, Business, Bloomberg, Medicaid, Politico, BI, State, North, State Health, Novo Nordisk, Wall Street, University of Texas System, UT, RBC Capital Markets Locations: Connecticut, Wegovy, . Connecticut, North Carolina, Novo, Netherlands, United States

☆ House subpoenas James and Hunter Biden in GOP-led probe of the president's family
▼ + stars: | 2023-11-08 | by ( Ryan Nobles | Summer Concepcion | ) www.cnbc.com time to read: +7 min

House Republicans on Wednesday issued subpoenas to Hunter and James Biden — President Joe Biden's son and brother, respectively — as well as a Biden family associate, Rob Walker, in an escalation of Republicans' impeachment inquiry into the president. A representative and attorney for Hunter Biden and James Biden did not immediately respond to a request for comment. The subpoenas and interview requests come a day after the special counsel overseeing the probe into Hunter Biden testified before the House Judiciary Committee behind closed doors. The panel further alleges that the Biden family, their business associates and their companies received more than $24 million from foreign nations over approximately five years. "These records reveal how the Bidens sold Joe Biden around to the world to benefit the Biden family, including Joe Biden himself, to the detriment of U.S. interests," Comer said in the statement.

Persons: Jason Smith, Joe Biden, Hunter, James Biden, Joe Biden's, —, Biden, Rob Walker, James Comer, Walker, Sara Biden, James, Hallie Biden, Beau ), Elizabeth Secundy, Melissa Cohen, Hunter's, Tony Bobulinski, Hunter Biden, Ian Sams, Sams, Comer, should've, David Weiss, Weiss, " Weiss, Daniel Goldman, Mary Gay Scanlon, Ted Lieu, Ted Lieu of California —, Scanlon, Matt Gaetz, Jim Jordan, Jordan, — Tom Winter Organizations: House Republicans, Biden, Republicans, Judiciary, Justice Department, Committee, United, United States Attorneys, Department of Justice, NBC News, Trump, Democratic, Florida Republican Locations: Longworth, Ky, United States, New York, Ted Lieu of California, Ohio

CNN —House Democrats have begun internal discussions about how to deal with the prospects of a chaotic situation: The possibility that Speaker Kevin McCarthy could lose his job in an unprecedented vote on the floor. One of the strategies being discussed by Democrats is to vote “present” or vote to kill it all together if a motion to oust McCarthy is brought to the floor. Bacon warned that he would cut a deal with Democrats if they reach an impasse with conservative hardliners. Democrats considering bailing out McCarthy say it wouldn’t necessarily stop there. If McCarthy were challenged, it may only take a handful of Democrats to save him.

Persons: Kevin McCarthy, McCarthy, Hakeem Jeffries, he’d, McCarthy’s speakership, Jeffries, Dan Kildee of, “, Kevin can’t, –, ”, Joe Biden –, you’re, ” It’s, Matt Gaetz, Gaetz, Don Bacon, Bacon, Biden, Debbie Wasserman Schultz, Dean Phillips, you’d, Paul Ryan, John Boehner –, Richard Neal of, ” Rep, Mary Gay Scanlon Organizations: CNN — House Democrats, Publicly, Democratic, ” Democratic, CNN, GOP, Democrats, Freedom Caucus, Republican, Republicans, Capitol, House, Florida, Dean Phillips of, Richard Neal of Massachusetts, ”, Pennsylvania Locations: Dan Kildee of Michigan, Florida, Nebraska, Dean Phillips of Minnesota

PHILADELPHIA (AP) — A Delaware man has been sentenced to 7 1/2 years in federal prison in the carjacking of a U.S. congresswoman's sport utility vehicle in a Philadelphia park almost two years ago. Josiah Brown, 21, was sentenced Wednesday in federal court in Philadelphia, The Philadelphia Inquirer reported. Brown, then 19, said he didn’t know who the congresswoman was and his weapon was unloaded. He also didn't know that the vehicle had a tracker that quickly led authorities to his Wilmington home. Brown was charged with federal counts of carjacking and brandishing a gun during a violent crime, which carries a seven-year mandatory minimum term.

Persons: Josiah Brown, Mary Gay Scanlon, Brown, didn’t, —, Scanlon, Carjackings, ” Scanlon, ”, “, Rossman Thompson, Cynthia Rufe Organizations: PHILADELPHIA, Philadelphia Inquirer, U.S . Rep, Democrat, Christiana Fashion, Inquirer, Authorities Locations: U.S, Philadelphia, Wilmington, Christiana, Newark , Delaware, Delaware

AQUIFERS AQUIFERS AQUIFERS WASH. MAINE MONT. MONITORING WELLS MONITORING WELLS MONITORING WELLS WASH. MAINE MONT. FLA. DECLINING WELLS DECLINING WELLS DECLINING WELLS WASH. MAINE MONT. FLA. UNCHARTED WATERS America Is Using Up Its Groundwater Like There’s No Tomorrow Overuse is draining and damaging aquifers nationwide, a New York Times data investigation revealed. Groundwater level trends Rising Declining Groundwater level trends Rising Declining Groundwater level trends Rising Declining Groundwater level trends Rising Declining Note: Colors depict the median trend for each site over the previous 20 years.

☆ You probably think the economy is much worse off than it is
▼ + stars: | 2023-07-05 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Inflation is cooling and jobs abound, but many Americans still feel dissatisfied with the economy. Democrats and Republicans alike think the economy is struggling, despite evidence showing otherwise. Some say the US is in a "vibecession," a disconnect between how the economy performs and how Americans feel about its performance. Even now, with slower inflation, paused interest-rate hikes, and a healthy job market, Americans can't give up the idea that the economy is in trouble. If you're comparing your financial situation with that of three years ago, you're likely to feel as if the economy has gotten worse, even though it's actually gotten better.

Persons: —, Joe Biden, Trump, it's, Kyla Scanlon, Scanlon, Jamie Dimon, JPMorgan Chase, Goldman Sachs Organizations: Democrats, Service, University of Michigan, Pew Research, Pew, Bureau of Labor Statistics, JPMorgan, CNN, New York Fed, Conference Board, US

☆ One TikTok at a time: How Kyla Scanlon is making finance fun
▼ + stars: | 2023-06-17 | by ( Lina Hassen | ) www.cnbc.com time to read: +1 min

She's considered an influencer who uses TikTok, Instagram and YouTube to make financial education fun for young audiences. Kyla Scanlon, 26, is a former options trader and the founder of Bread, a company that produces videos and skits that go viral. "I'll pretend to be [Federal Reserve Chair] Jerome Powell [or] pretend to be different stocks," Scanlon told CNBC's "ETF Edge" this week. I can look at that and laugh' ... That really humanizes finance and brings people in in a way they wouldn't normally expect." As of late this week, Scanlon has almost 166,000 followers on TikTok, more than 156,000 on Twitter and 28,000 YouTube subscribers.

Persons: She's, Kyla Scanlon, Jerome Powell, Scanlon, CNBC's Organizations: YouTube, Federal Reserve

☆ GOP burns for another culture war fight, pushing bills to 'save' gas stoves
▼ + stars: | 2023-06-14 | by ( Matthew Daly | Associated Press | ) www.businessinsider.com time to read: +6 min

The House GOP passed a bill to bar federal regulation of gas stoves. Some cities have banned new gas stoves over climate change and attempts to reduce energy use. The White House said the administration "has been clear that it does not support any attempt to ban the use of gas stoves,″ but GOP lawmakers say rules on gas stoves represent classic government overreach. New York state approved a law last month banning natural gas stoves and furnaces in most new buildings. The proposed Energy Department rule would save consumers up to $1.7 billion and cut down on emission that are dangerous to children's health, she added.

Persons: —, ″, Tom Cole, Joe Biden, Kevin McCarthy's, McCarthy, Cathy McMorris Rodgers, McMorris Rodgers, Mary Gay Scanlon, Scanlon Organizations: GOP, Service, Republican, Energy Department, Biden, Green, Democratic, Caucus, Consumer Product Safety, The Energy Department, House Energy, Commerce, DOE, embroil Locations: San Francisco, Berkeley , California, New York, United States, Washington

☆ Making "Bread" with financial content creator Kyla Scanlon
▼ + stars: | 2023-06-12 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

IPOs themselves lag, but IPO ETF making up ground01:44"The Fed's got to be done": BCG Partners CEO on rates and recession

Organizations: BCG

☆ U.S. House Republicans aim to defend gas-stove owners' 'freedoms'
▼ + stars: | 2023-06-06 | by ( Richard Cowan | ) www.reuters.com time to read: +2 min

Republicans accuse the Biden administration of pursuing regulations that could impact the more than one-third of American households using gas stoves for cooking. "The White House wants to limit your ability to purchase and use gas stoves," House Rules Committee Chairman Tom Cole said on Monday. Democrats say they are trying to ensure new gas stoves do not lead to carbon monoxide poisoning or put children at risk of developing asthma. "Contrary to rhetoric out there, the government is not coming for anybody's gas stove," Democratic Representative Mary Gay Scanlon said on Monday. The votes come as the U.S. Consumer Product Safety Commission (CPSC) has begun collecting information on health hazards of gas stove emissions.

Persons: Biden, Tom Cole, Mary Gay Scanlon, Richard Trumka, Donald Trump, Richard Cowan, Andy Sullivan, Chris Reese Organizations: Republican, Democratic, U.S . Consumer Product Safety, Gas, Protection, Department of Energy, Thomson

☆ California Democrat who opposed anti-tech bills is top contender for key role on antitrust subcommittee
▼ + stars: | 2023-06-02 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

A California lawmaker who has opposed efforts to crack down on the tech industry is the leading contender to become the highest ranking Democrat on the House Judiciary subcommittee on antitrust. One senior Democratic aide described the prospect of Correa becoming ranking member as a "great windfall for the tech companies." Several senior members of the subcommittee who support tech antitrust reform would have seemed more likely candidates for the top Democratic seat not long ago. But the field is complicated by the fact that many of them already have ranking member positions on other subcommittees they may not wish to give up. WATCH: Here's why some experts are calling for a breakup of Big Tech after the House antitrust report

Persons: Lou Correa, David Cicilline, Cicilline, Correa, Correa's, Thomas Massie, Ken Buck, Buck, Joe Neguse, Mary Gay Scanlon, Pramila Jayapal, They're Organizations: Rep, Apple, Google, Facebook, Democratic, Colo, Big Tech, Federal Trade Commission, Department of Justice Antitrust Division, Democrats, CNBC, Chamber of Commerce, FTC, Meta, Progress Education Fund, Economic Security, Future, House Judiciary, White Locations: California, Southern California, Ky, U.S, House

Representative Stephanie Bice, a Republican vote counter, said she was confident it would pass. "I think it's important to keep in mind the debt limit bill itself does not spend money," he wrote on Twitter. At least one, Representative Mary Gay Scanlon, is a member of a moderate group that supports the deal. The debt-ceiling standoff prompted ratings agencies to warn they might downgrade U.S. debt, which underpins the global financial system. Reporting by Moira Warburton and Andy Sullivan; Editing by Kieran Murray and Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Share this -Link copied'It's too much for me': Zelenskyy begins speech by thanking U.S. Zelenskyy began his remarks before a joint meeting of Congress at 7:40 p.m. "I think we share the exact same vision, that of a free, independent and prosperous Ukraine," Biden said. The Ukrainian president added that the soldier told him that "many (of) his brothers, this system saved." President Joe Biden holds a medal presented to him by Ukrainian President Volodymyr Zelenskyy in the Oval Office. Share this -Link copiedPhoto: Zelenskyy shakes hands with Biden as he arrives President Joe Biden welcomes Ukrainian President Volodymyr Zelenskyy to the White House.

☆ Jan. 6 committee highlights: Panel votes on criminal referrals for Trump and others
▼ + stars: | 2022-12-20 | by ( Rebecca Shabad | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan-Allen-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +48 min

“By the time President Trump was preparing to give his speech, he and his advisors knew enough to cancel the rally. “Some have suggested that President Trump gave an order to have 10,000 troops ready for January 6th. On far-right groups drawing inspiration from Trump: Trump has not denied that he helped inspire far-right groups, including the Proud Boys and Oath Keepers, to violently attempt to obstruct the official certification proceedings on Jan. 6. "There is no question from all the evidence assembled that President Trump did have that intent." Share this -Link copiedInside the final Jan. 6 committee meeting The Jan. 6 committee met for what’s likely its final public meeting, with many of the usual faces present.

☆ Jan. 6 committee live updates: Panel votes on criminal referrals for Trump and others
▼ + stars: | 2022-12-19 | by ( Summer Concepcion | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +42 min

Committee details Trump allies' efforts to obstruct its investigation In its report summary, the committee detailed some of the efforts to obstruct its investigation. On far-right groups drawing inspiration from Trump: Trump has not denied that he helped inspire far-right groups, including the Proud Boys and Oath Keepers, to violently attempt to obstruct the official certification proceedings on Jan. 6. "There is no question from all the evidence assembled that President Trump did have that intent." Share this -Link copiedInside the final Jan. 6 committee meeting The Jan. 6 committee met for what’s likely its final public meeting, with many of the usual faces present. The committee will likely reveal Eastman’s referrals during Monday’s meeting, in addition to expected criminal referrals for Trump.

☆ Democratic Lawmakers Ask Justice Department to Publish Data on Corporate Crime
▼ + stars: | 2022-10-20 | by ( Dylan Tokar | ) www.wsj.com time to read: +2 min

A trio of Democratic lawmakers is asking the U.S. Justice Department to publicly disclose data related to its prosecution of corporate crime. ), comes after a top Justice Department official said data showed a decline in corporate criminal prosecutions. “We need to do more and move faster.”Sen. Durbin serves as chair of the Senate Judiciary Committee, which plays an oversight role over the Justice Department. The federal government hasn’t published a comprehensive report on corporate crime trends since 1979, the Democratic lawmakers said Thursday. A Justice Department report titled “Illegal Corporate Behavior” recommended that the agency start publicizing enforcement data through the Bureau of Justice Statistics.

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