Trump Signs Law to Launch Dollar 2.0

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Congress is sending families less help for day care costs. So states are stepping in

MORIAH BALINGIT
May 14, 2024

ALBUQUERQUE, N.M. (AP) -- Across the country, the story for families is virtually the same: Child care is unaffordable for many, hard to find for those who can pay, and financially precarious for day care operators and their employees.

The Biden administration and Congress tried to alleviate some of these problems when the pandemic crippled the child care industry. But as the record $52.5 billion in relief winds down, many states have stepped in with their own solutions.

States have expanded free preschool and early education and helped more families pay for child care, making it low-cost or even free for many. Recognizing that a federal solution is unlikely to materialize anytime soon, policymakers have come up with novel ways to pay for their plans, creating permanent funding sources that will make new programs sustainable.

New Mexico, for instance, has tapped into its petroleum revenue, Washington state put a new tax on investment profits, and Kentucky is incentivizing parents to become child care workers.

And while the largest investments in child care have come from Democrats, Republican state lawmakers across the country are embracing plans to support child care -- citing the importance to the economy.

NEW MEXICO FUNDING MAKES CAREERS POSSIBLE

After she gave birth, Marisshia Sigala put on hold plans to start her real estate career. She and her husband -- a personal trainer -- lived on one paycheck for about two years and realized the cost of child care would be out of reach even if both were working.

Then, in 2022, New Mexico made child care free for nearly all the state's families, amending the constitution to fund early childhood initiatives with money from leasing state land to oil and gas companies.

The change will bring in an estimated $150 million a year for the early education of children like Mateo. Sigala and her husband qualify because they earn less than 400% of the federal poverty rate, currently about $120,000 a year for a family of four. Mateo is one of more than 21,000 children now benefitting from the subsidies.

Now Sigala, 32, is back at work while Mateo attends Koala Children's Academy, which specializes in bilingual education.

"Being entrepreneurs, it's a lot more challenging, and we have to rely on ourselves. We don't have a paycheck coming in every week," Sigala said. "It's been a blessing for us."

Expanding free child care for families is "making a difference for families in such a profound way," said Elizabeth Groginsky, New Mexico's early childhood education secretary. And, she said, it's helping the people who care for and educate young kids, too.

Groginsky and other state leaders are hoping the massive investment will help blunt the effects of poverty.

"It's just a really incredible opportunity we have here," she said.

PRESCHOOL FOR FAMILIES IN WASHINGTON

Washington state is aiming to offer free preschool to all low-income families, and child care vouchers to all low- and moderate-income families by the end of the decade, along with high-quality care for infants and toddlers with developmental concerns.

The state is expanding its programs with help from a new 7% tax on profits made from residents' financial investments -- a levy intended to fall on wealthier people.

When Zaneta Billyzone-Jatta's daughter Zakiah was born prematurely in 2021, her mother hired a nanny to watch the baby three days a week. A clinical manager for a hospital network, Billyzone-Jatta, 42, had to work while keeping an eye on her daughter the other two days. She felt like she couldn't give her toddler enough attention, much less address the girl's developmental concerns like a professional could.

Through a state program for low-income families and kids with challenges like Zakiah, she now sends her daughter to a child care center near her Seattle-area home, free of cost. There, three teachers supervise seven children in Zakiah's class and diligently document her progress. Occupational and speech therapists see Zakiah at the school and work closely with the teachers.

Billyzone-Jatta said Zakiah has made huge strides at the school. She talks about her days in detail and refers to classmates by name. She has learned to interact with other students, drink from an open cup and share.

"Being a working mother and being able to know that you're bringing your child to an environment where they're loved and cared for gives you so much peace," she said.

But the program helping infants and toddlers like Zakiah is still small, serving fewer than 200 kids statewide. And in November, Washington voters will have a chance to weigh in on the tax in a referendum that could lead to its repeal, endangering the progress the state has made, child care advocates say.

"It would be catastrophic," said Jon Gould, of Akin, the nonprofit that operates Zakiah's state-supported child care center.

IN KENTUCKY, KIDS OF CHILD CARE WORKERS ATTEND FREE

Rylee Monn, 24, was working at Baptist Health Child Development Center in Lexington when she had her second child, doubling what she paid for her children to attend the same center.

She thought about quitting and getting a night-shift job so she could stay home and care for her children during the day.

"All of my paycheck was going to child care," Monn said.

Then, in 2023, Kentucky started a program to cover or reduce the cost of day care for parents who work in the child care industry. The program was meant to tackle two challenges at once. Policymakers hoped it would draw more workers into the child care industry, addressing a shortage. And they wanted to provide more low-cost child care for all families.

Now, more than a dozen states are considering or have already adopted policies modeled after the one in Kentucky, according to EdSurge, a publication that focuses on education.

The program has helped the state's child care industry recruit workers who might otherwise be working in service jobs.

Delaney Griffin, 30, was working in a pizza restaurant last year and pondering her next move with her young family. Her child care costs consumed all but $100 of her biweekly check.

After learning about the child care benefit, she took a job in December with Baptist Health Child Development Center. She now pays about $5 a week. Her older child is in a preschool program.

"The free child care part was like the biggest reason that I actually got to start in child care," Griffin said.

___

This series on how the child care crisis affects working parents -- with a focus on solutions -- is produced by the Education Reporting Collaborative, a coalition of eight newsrooms, including AL.com, The Associated Press, The Christian Science Monitor, The Dallas Morning News, The Hechinger Report, Idaho Education News, The Post & Courier, and The Seattle Times.

___

The Associated Press' education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

Continue Reading...

Popular

For conservative media, New York City Mayor-elect Zohran Mamdani quickly becomes attack target

New York City's incoming mayor, Zohran Mamdani, hasn't taken office yet. But he's already the new avatar of evil for conservative media figures.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time. - Ad

Dual exposure to two surging metals, plus 17.91% CuEq over mineable width, and infrastructure on site - this is what juniors dream of. And the market is just starting to notice.

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

Tanka Bets Its Memory-Native AI Platform Can Redefine How Startups Collaborate and Scale

Tanka, a U.S.-based AI collaboration platform headquatered in Bay Area, is betting on its home market with a bold premise — that the future of enterprise software will depend not on bigger models or flashier chatbots, but on memory. 

Trump's Hidden Fed Agenda - Ad

Trump's latest moves show he's preparing to reshape the Federal Reserve - and the value of the U.S. dollar. With key appointees already in place, the coming monetary reset could send gold soaring like it did in the 1970s, when it climbed 24X in under a decade.

Appeals court pauses California law requiring companies to report climate-related financial risk

SACRAMENTO, Calif. (AP) — A U.S. appeals court on Tuesday paused set to take effect in January requiring large companies to report every two years on how climate change could hurt them financially.

From Strong to Stunning: New Drill Hole Sets a New Bar - Ad

Earlier holes showed 2.4% and 2.7% CuEq. This new hit just delivered 6.93% over nearly 20 metres. That's a game-changer - and it comes with deep insider alignment and an active program.

Dubai International Airport sees 70.1 million passengers so far this year as it plans new airport

DUBAI, United Arab Emirates (AP) — Dubai International Airport, the world's busiest for international travel, has seen 70.1 million passengers already pass through its terminals this year, officials announced Wednesday.

Shutdown stalemate set to drag into sixth week as Trump pushes Republicans to change Senate rules

WASHINGTON (AP) — Republicans and Democrats remained at a stalemate on the over the weekend as it headed into its sixth week, with for millions of Americans and President Donald Trump pushing GOP leaders to change Senate rules to end it.

Forget Tesla - This Tiny AI Stock Is Musk's Real Play - Ad

Elon Musk's 750,000 sq ft AI facility in Memphis could be more lucrative than Tesla and SpaceX combined. NVIDIA is quietly investing- And we found a "backdoor" play for everyday investors.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Why Did Nutex Health's (NUTX) Shares Soar 21% After Hours?

Nutex Health's shares jumped nearly 21% in after-hours trading following strong second-quarter results and a new $25 million stock buyback program.

France threatens to block Shein over sale of childlike sex dolls ahead of Paris store opening

PARIS (AP) — French authorities have warned they may block access to after it emerged that the online fast fashion giant had been selling sex dolls with a childlike appearance.

America's Defense Future Starts Underground - Ad

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

Can Solana Do What Bitcoin Can't? Amplify's New ETF Aims For 36% Income

Amplify ETFs, the issuer known for thematic and income-driven fund products, has just launched the Amplify Solana 3% Monthly Option Income ETF (BATS:SOLM), a first-of-its-kind product combining the growth momentum in Solana (CRYPTO:

Metals... Not Missles... Is the New Arms Race - Ad

China and Russia control 70% of the world's critical minerals, giving them leverage over the West. One N. American discovery could help shift that balance by developing the metals essential for defense systems.

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

America's top political and tech leaders — including Donald Trump, Barack Obama, Tim Cook, and Sundar Pichai — marked Veterans Day 2025 with tributes honoring the courage and sacrifice of U.S. service members.

Trump's 50-Year Mortgage Plan, Sanders Critiques Musk, Trump Backs Crypto And More: This Week In Politics

Weekend headlines: Trump's 50-year mortgage plan, Sanders criticizes Musk, Trump backs crypto, Scaramucci on NYC mayor, Mamdani challenges Trump.

All 4 Major Banks Race to Adopt 'Trump Dollars' - Ad

JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup are all rushing to adopt a new, upgraded version of the U.S. dollar that President Trump authorized this past summer. But acclaimed analyst, Louis Navellier, believes this isn't just a minor upgrade - it's a complete transformation to American money.

Pfizer clinches deal for obesity drug developer Metsea after a bidding war with Novo Nordisk

NEW YORK (AP) — U.S. pharmaceutical giant Pfizer signed a deal to purchase development-stage obesity drugmaker Metsera Inc., winning a bidding war against Novo Nordisk, the Danish drugmaker behind weight-loss treatments Ozempic and Wegovy.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Tempus AI Stock (TEM) Slides 6% Overnight: Here's Why The Stock Is Trending

Tempus AI shares fell 6.02% in after-hours trading Tuesday following its third-quarter earnings report.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Trump Barred From Deploying Oregon National Guard To Portland, Judge Cites State Sovereignty

A federal judge handed down a decisive ruling on Friday, blocking Trump's attempt to send Oregon's National Guard to Portland.

Trump Touts 'Really Good Deal' With China As US Stock Futures Rally — Dow Up 91 Points While Gold, US Dollar Remain Flat

U.S. stock futures are surging on Sunday evening, following greater clarity and easing trade tensions between the United States and China over the weekend, following the summit between President Donald Trump and Chinese President Xi Jinping in South Korea last week.

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time. - Ad

Dual exposure to two surging metals, plus 17.91% CuEq over mineable width, and infrastructure on site - this is what juniors dream of. And the market is just starting to notice.

Criminal case against Boeing over deadly 737 Max plane crashes is dismissed by a US judge

A federal judge in Texas has agreed to dismiss a criminal conspiracy charge against Boeing in connection with two that killed 346 people.

BellRing Brands: No Ringing The Bell On This One, Not Yet

Our analysis uncovers the real reason behind BellRing Brands' steep fall and why the stock may struggle for much longer.

Trump's Hidden Fed Agenda - Ad

Trump's latest moves show he's preparing to reshape the Federal Reserve - and the value of the U.S. dollar. With key appointees already in place, the coming monetary reset could send gold soaring like it did in the 1970s, when it climbed 24X in under a decade.

Donald Trump's Popularity Falls As Shutdown Drags On

President Donald Trump's approval rating has continued to drop, with the latest poll showing a significant decline, raising concerns for the Republican Party as the 2026 midterm elections approach.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service