Bill Would Require Colorado Students Take One Semester of Financial Literacy to Graduate | Colorado Public Radio
State lawmakers are considering a bill that would require financial education for high school students. Currently, only about a quarter of the state’s school districts require personal finance education. This bill would expand that to all districts in the state, with students being required to complete one semester of financial literacy in order to graduate.
Lawmaker Pressures Officials to Fast Track Social Security Payments | Newsweek
After the Social Security Administration (SSA) said it could take a year or more to implement the Social Security Fairness Act, at least one member of Congress is urging officials to find ways to speed up the process. Rep. Clay Higgins (R-LA) sent a letter to the acting SSA commissioner calling the current timeline “unacceptable.” The agency says it is dealing with a shortage of staff and funding as it works to implement the new law.
Colorado Tax Return Delay: State to Begin Processing Individual Returns | The Denver Post
The Colorado Department of Revenue says it will begin processing tax returns this week following a delay. A spokesperson said the department had to delay accepting returns in order to implement a number of significant changes to tax law.
Fed Chair Powell Says Central Bank Doesn’t ‘Need to be in a Hurry’ to Lower Interest Rates Further | CNBC
In testimony before the Senate Banking Committee, Federal Reserve Chair Jerome Powell told lawmakers the economy and job market are doing well and inflation remains above the Fed’s target of 2%. Because of those factors, he said he’s not in any hurry to lower interest rates further, as doing so too quickly could send inflation rising again.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.