Aliss Higham

13 hours ago | newsweek.com | Aliss Higham

The sweeping tax and spending bill backed by President Donald Trump includes significant changes to the U.S. tax code and public benefit programs, and Social Security beneficiaries will be affected. Why It MattersTrump's One Big Beautiful Bill Act is currently being considered in the Senate, after passing the House of Representatives in a 215–214 vote in May. Trump had pledged to eliminate federal taxes on Social Security benefits, a move that would mark a major policy shift for retirees.

1 day ago | newsweek.com | Aliss Higham

By Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U.S. and European politics, Russia's invasion of Ukraine and the British Royal Family. Aliss joined Newsweek full time in January 2024 after a year of freelance reporting and has previously worked at digital Reach titles The Express and The Mirror.

2 days ago | newsweek.com | Aliss Higham

Budget officials in Michigan have reported that federal food assistance spending cuts included in the One Big Beautiful Bill Act would cost Michigan approximately $900 million. The budget bill, passed by the House of Representatives in May and being considered by the Senate currently, exceeds 1,000 pages and contains some of the most significant changes to food stamp eligibility and benefits in recent years.

2 days ago | newsweek.com | Aliss Higham

The number of 401(k) millionaires in the U.S. has dropped amid stock market uncertainty in recent months. Why It MattersThe implementation of President Donald Trump's wide-ranging tariff agenda sparked severe market jitters earlier this year, which sprung the worst two-day loss in U.S. stock market history.

2 days ago | newsweek.com | Aliss Higham

The Trump administration has temporarily halted its demand for states to provide personal information on Supplemental Nutrition Assistance Program (SNAP) recipients following a federal lawsuit. Newsweek contacted the U.S. Department of Agriculture (USDA) for comment via email outside regular working hours. Why It MattersMore than 40 million Americans rely on the program, which provides monthly benefits to for low- and no-income households to help pay for groceries.