May 7, 2025

house

Loans

Rep. Huizenga moves to make auto loans tax deductible

The impact and history of autos in Detroit, The Motor City Here are some facts about Detroit’s auto industry. Rep. Bill Huizenga introduced the Made in America Motors Act, proposing a tax deduction on interest paid on U.S.-assembled vehicle loans. The proposed deduction allows up to $2,500 per year for vehicles under 14,000 pounds purchased

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Funds

Education program helps Mississippi families. Trump budget could end it

How would a Dept. of Education closure affect Americans? U.S. President Donald Trump moved to eliminate the Department of Education. But he can’t shutter the agency without congressional legislation. The Trump administration’s proposed 2026 budget could eliminate Head Start funding, impacting 800,000 children nationwide. In Mississippi, Head Start serves 25,000 children and 238 pregnant mothers.

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Loans

Trump signs executive order to dismantle the Department of Education

Michaela Galligan  |  Staff Writer On Thursday, March 20, President Donald Trump signed an executive order to dismantle the U.S. Department of Education, following through on his long-standing opposition to the agency. Trump has targeted the department since his campaign citing concerns over bureaucracy and liberal influence. Before the order, his administration had already downsized

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Finance

Senate Finance advances Oz nomination to lead CMS

The Senate Finance Committee Tuesday advanced President Donald Trump’s nominee to lead the Centers for Medicare and Medicaid Services by a vote of 14-13, splitting along party lines. Mehmet Oz,  known best for his time as a television personality and host of the daytime talk show “The Dr. Oz Show,” was a practicing heart surgeon

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Mortgage

Mortgage Rates Are Going Down. That’s Not Necessarily a Good Thing.

Mortgage rates are trending downward from recent peaks. They could fall further if the economy continues to slow and the Fed cuts rates. However, that might not make it much easier to buy a house, some experts say. It’s getting cheaper to borrow money to buy a house. But would-be homebuyers shouldn’t celebrate prematurely. Lower

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Funds

Pritzker celebrates Rockford project, but warns federal funds delayed

Illinois Gov. JB Pritzker was in Rockford on Friday to celebrate the $32 million expansion of the Rockford Mass Transit District downtown bus station and garage. The 18-month project that broke ground in November is being paid for from the Rebuild Illinois Capital Plan, a $45 billion capital improvement program. The program is also paying

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Investment

Trump and GM CEO discuss $60 billion investment amid tariff war

David Shepardson  |  Reuters Trump grants one-month tariff exemption for major automakers President Donald Trump granted a one-month tariff exemption to any autos coming from Mexico and Canada for Ford, General Motors, and Stellantis. President Donald Trump met General Motors GM.N CEO Mary Barra on Wednesday to discuss the automaker’s investment plans amid his tariff war, a White House

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