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Money

'It's hurting people': Minneapolis city official suggests alternatives to property tax increases

'It's hurting people': Minneapolis city official suggests alternatives to property tax increases

Property taxes are on the rise as commercial values decline in downtown areas, shifting the financial burden to homeowners. Steve Brandt, president of the Minneapolis Board of Estimation and Taxation, said increases property taxes every year is not sustainable and offered alternatives.
by Cathy Wurzer and Lukas Levin

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The power of good credit: Understanding and improving your credit score

The power of good credit: Understanding and improving your credit score

What’s your credit score? And why does it matter? MPR News guest host Catharine Richert talks with a financial coach about how your credit can open doors — or quietly cost you thousands — and what habits can build better credit. 
by Catharine Richert and Nikhil Kumaran

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Tax credits soon disappearing for home energy upgrades

Tax credits soon disappearing for home energy upgrades

Some people are rushing to put up solar panels before a federal tax break expires. MPR News guest host Catharine Richert talks about how to use the tax credits for home energy improvements, including solar, insulation and heat pumps.
by Catharine Richert and Maja Beckstrom

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The Fed faces economic uncertainty and political pressure as it decides whether to cut rates

The Fed faces economic uncertainty and political pressure as it decides whether to cut rates

Investors expect the Federal Reserve to reduce its benchmark interest rate by a quarter point, to about 4.1 percent. But it's not even clear which Fed officials will be making the decision. 
by The Associated Press

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More Minnesotans are carrying debt into retirement

More Minnesotans are carrying debt into retirement

What do you do if you’re getting close to retirement age and have a lot of debt and little savings? MPR News host Angela Davis and her guests talk about the growing debt burden of older Americans. 
by Angela Davis, Maja Beckstrom and Chris Farrell

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Minneapolis, St. Paul schools work to close deficits. St. Paul to ask voters for more money

Minneapolis, St. Paul schools work to close deficits. St. Paul to ask voters for more money

School district leaders in Minneapolis and St. Paul this week pushed ahead on plans to close budget gaps for the next school year. St. Paul officials also said they’d ask city voters this fall to approve additional funding in a referendum.
by Elizabeth Shockman

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The CFPB wanted medical debt to be left off credit reports. That's changed under Trump

The CFPB wanted medical debt to be left off credit reports. That's changed under Trump

Under the Biden administration, the Consumer Financial Protection Bureau finalized a rule barring medical debt from appearing on credit reports. Now, the agency is siding with the credit industry groups suing to have the rule vacated.
by Vanessa Romo

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