The Daily Money: A GOP rift over immigration

excellent morning! It’s Daniel de Visé with your Daily Money.

A recent flare-up over visas for tech workers revealed a rift among Republicans on immigration.  

Steve Bannon, once Donald Trump’s chief strategist, termed the H-1B visa program a “total and complete scam.” Many Trump supporters sided with Bannon. So did Bernie Sanders, the progressive Vermont senator.  

At issue is a visa program designed to assist American companies import talented workers from other countries. And here’s the question: Does the H-1B visa receive away American jobs?

worth rise edged up in December

worth rise accelerated for a third straight month in December on rising food and vigor costs, Paul Davidson reports, reaching a five-month high and underscoring that an encouraging slowdown in worth increases last spring and summer has stalled.

But an underlying assess of worth gains eased, in a sign that worth rise could resume its descent through the first half of 2025.

Biden approves final wave of financing relief

The Biden administration approved its last major batch of learner financing relief Wednesday, greenlighting $4.5 billion in forgiveness for 261,000 borrowers, Zachary Schermele reports. 

In an fascinating twist, the beneficiaries of this round of largesse attended a specific university.

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About The Daily Money

Each weekday, The Daily Money delivers the best buyer and monetary information from USA TODAY, breaking down complicated events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers financial planning for USA Today.