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Student-loan borrowers behind on payments could soon start seeing smaller paychecks.President Donald Trump’s Department of Education confirmed to Business Insider on Tuesday that it will begin sending wage garnishment notices to defaulted student-loan borrowers in early January. The Washington Post was the first to report this update.The department said that notices will go out to approximately 1,000 defaulted student-loan borrowers the week of January 7, and the notices “will increase in scale on a month-to-month basis.” The garnishment occurs only after borrowers have received notice and an opportunity to repay their loans, the department said.This update follows the department’s announcement in…

The Internal Revenue Service’s Whistleblower Office now has an easier way to report tax noncompliance with the new digital Form 211, “Application for Award for Original Information.”Processing ContentIndividuals can now securely provide information electronically to the Whistleblower Office in digital format, reducing transcription errors and costs and furthering the IRS’s agency-wide efforts to digitize paper forms.”Enhancing the taxpayer experience is one of the top priorities of the IRS Whistleblower Office,” said acting Whistleblower Office director Erick Martinez in a statement. “With the launch of the digital Form 211, whistleblowers can easily share what they know with the IRS from their phone…

Creators are ringing in a banner year for influencer marketing, and they might consider sending a thank-you note to Unilever CEO Fernando Fernández.In March, Fernández unveiled a new “influencer-first” strategy. He said the consumer-goods company would work with 20 times the number of influencers it had previously worked with. The owner of well-known brands such as Dove, Hellmann’s, and Vaseline also said that it would spend half of its ad budget on social media, up from 30%.The result has been a galvanizing event for the influencer marketing space, according to marketing consultants and executives, talent agents, and influencer marketing insiders.”Unilever…

U.S. Social Security Administration Commissioner Frank Bisignano joins ‘Mornings with Maria’ to outline how the Trump administration’s tax agenda could deliver record refunds, expand benefits for seniors and improve government services. The first CEO of the Internal Revenue Service is reinforcing signals from the Trump administration that Americans could see the “biggest tax refund ever” in the new year. “We should expect exactly what the president said, as always happens,” Frank Bisignano – also the commissioner at the Social Security Administration – said on “Mornings with Maria” Tuesday.”And the great leadership of the Treasury secretary has positioned us to be…

Accounting is riding a steady wave of tax prep work and individual and business tax consulting, according to a new survey — but challenges loom in the form of pricing questions (and intense internal self-doubt on the part of preparers) and navigating a landscape of retiring colleagues and price-shopping clients.Processing ContentThe 2025 national fee survey from the National Association of Tax Professionals shows that most tax pros charge within a common range depending on return complexity.Most tax preparers set 1040 pricing using a structured approach. Nearly half establish a minimum fee and then adjust the price based on the complexity…

Updated 2025-12-23T13:41:01.285Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. The mid-1870s were a period of significant cultural, economic, and technological transformation. During this time, people dressed in formal fashion and traveled by steamboat, buggy, or railroad. Sports became increasingly popular as people took more interest in leisure activities. By the end of 1875, America — which was…

Frederic J. Brown | Afp | Getty ImagesDETROIT – The U.S. automotive industry has entered a new phase for all-electric vehicles: realism. The industry was euphoric about the EV segment in the early 2020s, but consumer demand never took off as much as expected and, as it fizzled, automakers monitored and planned how to react. Now, they’re pivoting, as companies have wasted billions of dollars in capital, Detroit automakers are refocusing on large gas-guzzling trucks and SUVs, and many have admitted that policies, not consumers, were driving the charge for EVs.”We have to make the investments to get to ……

U.S. consumers showed resilience this holiday season, driving retail spending up 4.2% year over year, according to preliminary data released Tuesday by Visa.The report from Visa Consulting and Analytics indicated that despite lingering economic headwinds, shoppers were still spending, particularly on technology and personal goods. The findings tracked payments activity over a seven-week period beginning Nov. 1 using a subset of Visa payments network data in the U.S. and cover core retail categories, excluding spending on automotive, gasoline and restaurants. The figures are also not adjusted for inflation.In-store shopping accounted for the bulk of holiday spending, capturing 73% of total…

Warren Buffett’s Berkshire Hathaway removed Kraft Heinz from the list of operating companies on its website earlier this year, weeks before writing down its investment in the food and beverage giant and leaving its board of directors.The famed investor’s conglomerate took Kraft off its subsidiaries page in April, Business Insider determined using the Wayback Machine, a digital archive that stores snapshots of webpages on different dates.Berkshire accounts for its roughly 27% stake in Kraft using the equity method, meaning Buffett and his colleagues recorded it at cost and periodically adjust its carrying value to reflect Berkshire’s share of Kraft’s profits…

Graduate and professional students could soon find themselves with more limited student-loan options. Yale has a plan.The Yale School of Public Health posted on LinkedIn last week that it will “soon introduce a replacement loan option” for student-loan borrowers who are affected by President Donald Trump’s plan to eliminate the Grad PLUS program as part of his “big beautiful” spending legislation.Grad PLUS allowed graduate and professional students to borrow up to the full cost of attendance for their programs. Trump’s legislation eliminated the program and implemented new borrowing caps: a $100,000 lifetime cap for graduate students and a $200,000 lifetime…