KING SHARES UPDATED THOUGHTS ON THE ONGOING FEDERAL GOVERNMENT SHUTDOWN - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Health/Employee Benefits News
Newswires RSS Get our newsletter
Order Prints
October 9, 2025 Newswires
Share
Share
Post
Email

KING SHARES UPDATED THOUGHTS ON THE ONGOING FEDERAL GOVERNMENT SHUTDOWN

States News Service

The following information was released by Maine Senator Angus King:

Today, U.S. Senator Angus King (I-ME) released the following statement providing an update to the ongoing federal government shutdown:

"The imminent expiration of the tax credits which make health insurance affordable for millions (including tens of thousands in Maine) is a totally avoidable crisis. They could and should have been extended earlier this year when the Republican-only tax bill was passedwhich extended (and made permanent) tax breaks for billionaires.

"But it didn't happen and the dramatic increase in health insurance premiums will hit in the next several weeks.

"That's why I have been working intensely with Senators on both sides of the aisle to find a solution to this problem while at the same time trying get us out of the current increasingly dangerous government shutdown, so far without success.

"I intend to continue that work and as long as there are Republican Senators willing to talk, I'll be at the table

"But as serious as the health insurance crisis is, I believe the shutdown itself and the additional powers it conveys to Donald Trump and his henchmen, is the greater risk. The greatest challenge our country faces right now is the accelerating slide toward authoritarianism. Troops in our cities, ignoring the law, defying the courts, trampling on the free press, weaponizing the legal system, and more examples everyday, have brought our country to the most dangerous moment in my lifetime.

"And this shutdown has the potential to make all this worse by further empowering Donald Trump, Steven Miller, and Russell Vought.

"That's why I have decided to stick with my vote to reopen the government rather than continue the shutdown in the hopes of coming to a resolution on health insurance. This is not an easy decisionmade more so by the Republicans' refusal to even discuss the health insurance issuebut in the end, I have determined that preserving our democracy has to be the highest priority.

"I hope I'm wrong about this risk, but the stakes are too high to take that chance."

Older

Workforce is losing women to menopause

Newer

Here's what would happen if health care tax credits expired

Advisor News

  • The 6X Formula for leveraging content marketing with AI
  • When a home becomes difficult to insure, the plan changes
  • The inheritance gap: Helping clients plan for money that hasn’t arrived
  • After the midterms: Addressing your clients’ tax concerns
  • Berkeley arts tax heads toward passage while public bank measure looks likely to fail
More Advisor News

Annuity News

  • DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
  • John Hancock launches new fixed indexed annuity suite
  • Annuities to play a larger role in workplace retirement plans
  • FHLBank Pittsburgh Announces Results in 2026 Board Election
  • Regulators advance shorter, streamlined annuity buyers guide
More Annuity News

Health/Employee Benefits News

  • Oscar Health Inc. (NYSE: OSCR) Draws the Stock Spotlight on Nov. 12
  • Duet Raises $15M to Scale Nurse Practitioner-Owned Clinics, Filling Critical Primary Care Gap
  • Sidecar Health Named a Finalist in the 2026 Fierce Innovation Awards
  • Open enrollment set to begin Nov. 1
  • OPINION: Imperial County’s dental care gap goes beyond insurance coverage
More Health/Employee Benefits News

Life Insurance News

  • Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
  • Military Briefs: November 12-18
  • Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
  • FHLBank Pittsburgh Announces Results in 2026 Board Election
  • New Jackson Study Finds the "Sandwich Generation" Squeeze Comes from More Than Two Sides and It’s Quietly Draining Retirement Savings
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Insurvoice Lets Independent Insurance Agency Owners Analyze Every Customer Call in ChatGPT or Claude
  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.