Thomas Shelter

Thomas Shelter has been a keen follower of US politics for over two decades. His reporting for Congress.net primarily focuses on legislation, party politics, and business news.

Federal Student Loan Overhaul Takes Effect, Threatening To Phase Out Millions Of Borrowers’ Repayment Plans

Major changes to the federal student loan system are now in effect, reshaping repayment options, borrowing limits, and monthly payment amounts for millions of Americans. Roughly 43 million Americans currently carry student loan debt, totaling nearly $1.7 trillion, according to the Office of Federal Student Aid. One of the most immediate changes is the elimination…

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Nike (NKE) Beats Quarterly Estimates, But A Nearly $1 Billion Tariff Refund Tells The Real Story

Nike posted stronger-than-expected earnings and revenue for its fiscal fourth quarter, though a massive tariff refund inflated the headline numbers. The company reported adjusted earnings per share of 20 cents, well above the 13 cents analysts had anticipated, according to consensus estimates from LSEG. Revenue came in at $10.97 billion, edging past Wall Street’s forecast…

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Bitcoin ETFs Face Their First Real Stress Test As Institutional Investors Cut Exposure

Crypto investors had long hoped that institutional adoption and a friendlier regulatory environment would shield Bitcoin from its historically brutal boom-and-bust cycles. The launch of spot Bitcoin ETFs in the United States was seen as a turning point, bringing in professional capital that would theoretically provide more stable, long-term market support. That theory is now…

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Shift Workers Report Rising Job Satisfaction Even As Consumer Sentiment Hits Near-Record Lows

Despite widespread economic anxiety gripping American households, shift workers are actually feeling better about their jobs than they did a year ago. A new annual survey from Deputy, a global firm helping small businesses with scheduling, human resources, and affiliated services, shows a measurable uptick in worker positivity across shift-based industries. Those surveyed showed a…

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Tesla (TSLA) Shares Surge 8% As FSD V14 Lite Rollout Reignites Autonomy Optimism

Tesla (NASDAQ: TSLA) shares surged approximately 8% on Monday after the company released a long-awaited update to its Full Self-Driving software platform. The update, known as FSD V14 Lite, was rolled out to early-access Hardware 3 vehicles, marking a significant milestone in Tesla’s ongoing autonomous driving development. The rally highlights a striking shift in how…

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Reverse Mortgage Or Home Equity Agreement? What A 70-Year-Old With A Shorter Time Horizon Should Consider

At 70 and single, with a personal expectation of not reaching 80, choosing between a reverse mortgage and a home equity agreement carries significant financial weight. Both financial products offer access to home equity without requiring the homeowner to sell their property, but they work in fundamentally different ways. A reverse mortgage is a federally…

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A 76-Year-Old Working At Walmart Asks Why Payroll Taxes Still Apply After Claiming Social Security At 62

Reaching retirement age and collecting Social Security benefits does not exempt workers from continuing to pay payroll taxes on earned income. Any person working in covered employment, regardless of age or benefit status, remains legally obligated to pay Social Security and Medicare payroll taxes. This is a reality facing many older Americans who claimed Social…

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