A new 1% U.S. excise tax on certain cash-based international remittances took effect on Jan. 1, 2026, increasing costs for some Nepalis sending money to Nepal depending on how their transfer is funded.
February 19, 2026
Category: Jobs & Business
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Trump freezes Minnesota child care funds, raising worries for Nepali families
The Trump administration has paused Minnesota’s federal child care money over fraud claims. If payments slow, working and student parents, including Nepali families in the Twin Cities, could face higher costs or lose child care spots.
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US economy expands 4.3% in Q3 2025, inflation 2.7% in November
The US economy grew at a 4.3% annual rate in Q3 2025, according to BEA, as inflation cooled to 2.7% in November and the Fed cut rates to a 3.50%–3.75% target range.