Проходила тест (Present Indefinite) и возникли вопросы:

The news (is not/are not/am not) very bad today. - Вариант am not сразу отпадает. Хочется поставить are not, так как новости - множ. число, но поставила is not. Знаю, есть какое-то правило по этому поводу, но не помню его.

Your money (is/are/am)  in your handbag. - Поставила is.

Кто может подсказать, какой вариант правильный?

Если кто может, проверьте мой перевод. Читаю статьи из английских журналов. Позже еще напечатаю.

Bungalow
A small house in which all the rooms are on ground level. Many old people live in bungalows because there are no stairs to climb. In Britain large groups of bungalows are often built together on the edges of towns, or in places where people go to live when they are retired from work, such as the south coast.
The word was used by the British in India in the 18-19th centuries for their own one-storey homes, and applied in the early 20th century to single-storey houses of a similar kind being built in Britain, mainly in the suburbs and in the sea-side resorts. The origin is uncertain, but the word probably derives from bangle (Bengali), reflecting a British belief that such houses were characteristic of Bengal.

Queen of Hearts
Nursery rhyme, first published in 1782 but probably older, about the King of hearts calling for the tarts made by the Queen, only to find that they have been stolen by the Knave. It was given added fame by Alice in Wonderland, where the trial of the Knave of hearts is the setting for the final nonsensical scene and is shown in Tenniel’s frontispiece.
 
The Queen of the Hearts,
She made some tarts,
All on a summer’s day.
The Knave of Hearts
He stole some tarts,
And took them clean away.
The King of Hearts
Called for the tarts,
And beat the Knave full sore.
The Knave of Hearts
Brought back the tarts,
And vowed he’d steal no more.