Chris Clark

1 week ago | yahoo.com | Chris Clark

Government spending and jobs are being cut across the board, and it doesn’t seem like there isn’t an agency left untouched — including Social Security. This became all too real, and frightening, for Paul Aguilar, who recently got a letter from the agency telling him his disability benefits had been slashed. Even worse? The agency claims it overpaid Aguilar $201,000, and it wants the money back. Don't missWant an extra $1,300,000 when you retire?

1 week ago | sg.news.yahoo.com | Chris Clark

Musician Cat Stevens (Yusuf) once ruefully sang that the first cut is the deepest, which explains why many Americans are bracing themselves for the fallout of Elon Musk and the Department of Government Efficiency’s (DOGE) cutting of the federal budget. The world’s richest man wants to cut $1 trillion from the federal budget. In a recent Fox News interview, Musk declared that the cuts wouldn't harm essential U.S. services, promising Americans they could have their fiscal cake and eat it, too.

1 week ago | moneywise.com | Chris Clark

What does $1 trillion in cuts really mean? What’s pinching the chain in Musk’s cuts is President Donald Trump’s recent round of tariffs. The broad-sweeping tariffs, which have been temporarily placed on pause, have driven a wedge between his administration and the Tesla billionaire. Since Inauguration Day, DOGE has spearheaded layoffs across all departments of the federal government, leading to concerns that Musk is moving too fast and endangering services counted on by millions of Americans.

2 weeks ago | ca.finance.yahoo.com | Chris Clark

Wall Street hates uncertainty. But that’s exactly what investors are wrestling with as President Donald Trump doubles down on his aggressive tariff policies. Tariffs, essentially taxes on imports, are designed to level the trade playing field and protect domestic industries. But they raise costs for businesses and consumers, disrupt global supply chains and strain diplomatic relationships. All this shakes investor confidence, leading to volatility and downturns on Wall Street.

2 weeks ago | ca.finance.yahoo.com | Chris Clark

Economist Arthur Laffer — one of President Trump's most trusted advisors and a recipient of Trump's Presidential Medal of Freedom in 2019 — has issued a stark warning to Americans: Trump’s 25% tariffs could soon drive car prices sharply upward, adding as much as $4,711 to the cost of a new vehicle. As American consumers prepare for sticker shock, it's crucial to understand what's driving this price hike and how you can safeguard your finances from the coming squeeze.