Meanwhile, Indiana's financial toll under a new federal law is beginning to take shape, though final numbers are under review, according to comments before the State Budget Committee on Wednesday. But the federal government won't let Indiana move forward with work requirements until 2027, when all Medicaid expansion enrollees must meet that condition as…
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WASHINGTON— The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the U.S. labor market. GAZA: Israel launched its Gaza City off ensive Tuesday, as experts commissioned by the U.N. Human Rights Council concluded Israel is committing…
As Congress debates the upcoming federal budget, healthcare costs are at the center of the debate, with some experts saying one proposed bill could save $124 billion in Medicare waste. But with the Republican Party's close relationship with the insurance industry, some wonder if the bill has any chance of being enacted. Bill Cassidy, R- Louisiana, and Jeff Merkley,…
Half face or expect to face trouble obtaining and renewing insurance, with some saying that they could forgo homeowners insurance altogether. As more than one in four homes in the U.S.— representing $12.7 trillion in real estate value— risk exposure to severe or extreme climate risks, nearly half of recent and prospective homebuyers have faced trouble or expect…
The expected rising costs for health insurance could give Democratic candidate Scott Colom a line of attack in next year's election against incumbent Republican U.S. Sen. Congress and President Donald Trump do not act to prevent the increase in health insurance premium costs for about 285,000 Mississippians who purchase coverage through the Affordable…
Created by Congress in 1913, the U.S. Federal Reserve is America's central bank. Between March 2022 and July 2023, the Fed raised the fed funds rate from near-0% to a level between 5.25%-5.5%, a 17- year high. The Fed's goal was to help reduce inflation, which had soared to a 41- year high of 9% in July 2022.
In 1913, Congress gave the Federal Reserve a clear and narrow mission: Safeguard the value of our money and support stable employment. The Fed, like the U.S. Department of Education, U.S. Agency for International Development and others that have come under attack by President Donald Trump's administration, has strayed far from its original purpose.
The U.S. Federal Reserve is under siege. President Donald Trump threatens to fire Chair Jerome Powell. The Supreme Court has confirmed that the chair can't be dismissed except "for cause"— a threshold that the renovation-cost overruns the president has cited don't meet.
The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Friday published the agenda for its community bank conference, which will take place on Thursday, October 9. The " Community Banks: A Path Forward" conference will take place at the Federal Reserve Board building in Washington, D.C., and will be livestreamed for the…
The Bank Policy Institute, the Association of Global Custodians and the Financial Services Forum submitted joint recommendations to the Securities and Exchange Commission yesterday to strengthen crypto custody requirements to protect customers and the financial system. The associations are calling for the SEC to adopt equivalent safeguards and…
Empire Asset Finance, LLC, a new subsidiary of Arena Investors, LP, a $4.6 billion global multi-strategy investment firm, announced its official launch, introducing a financing model built on the principle that lending is not a zero-sum game, and we win when everyone wins. Empire is led by Chief Executive Officer Rick Rockhold and Chief Operating Officer/Chief…
The following information was released by the California Department of Insurance:. Insurance Commissioner Ricardo Lara today announced significant reforms aimed at modernizing California's insurance market. California's insurance crisis demands tough decisions and accountability from everyone involved insurance companies, intervenors, and the…
The following information was released by the California Department of Insurance:. Homes and roads have already been hit hard as yesterday's storm swept across California and, with the threat of additional mudslides and debris flows, Insurance Commissioner Ricardo Lara today issued a Notice to insurance companies reminding them of their legal duty to…
Henry Highland Garnet, "An Address to the Slaves of the United States". It is not hyperbole to liken Trump to Hitler- a murderous, authoritarian dictator. But Hitler did not act alone.
Gregory W. Meeks, aSenior Member of the Financial Services CommitteeintroducedThe Mortgage Insurance Freedom Act, with Pete Sessions. This bill is designed to allow borrowers to stop paying Federal Housing Administration mortgage insurance premiums once they have built up a certain amount of equity in their home. "I'm proud to once again co-lead this effort…
Today, Congressman Mike Ezell announced that he will be reinstituting the Bipartisan Flood Resilience Caucus for the 119th Congress. Lizzie Fletcher, Randy Weber, and Troy Carter. "I'm proud to co-lead the Bipartisan Flood Resilience Caucus to help make sure our coastal communities have the tools they need to prepare for and recover from flooding," Ezell said.
In the closing days of the legislative year, California lawmakers sent Gov. Assembly Bill 234 would put the state's two top lawmakers— currently Senate President Pro Tem Mike McGuire and Assembly Speaker Robert Rivas— on the governing committee of the FAIR Plan, the insurer that's mandated by law to sell policies to homeowners who can't get them from other…
MENDOCINO CO., 9/ 20/ 25– New Federal Emergency Management Agency flood maps that took effect Friday in Ukiah could impact low-income property owners who may have to buy flood insurance for the first time. The new FEMA flood maps have been issued for both Mendocino County and the city of Ukiah, but the maps, city staff have said, significantly expand flood risk areas in…
Democrats came together in near unison to defeat the measure on a 44-48 vote, with only Pennsylvania Sen. Democrats blocked the resolution, which would fund government until Nov. 21, after Republicans defeated an alternative Democratic proposal to fund government until Oct. 31, extend health insurance subsidies and restore nearly $1 trillion in Medicaid…
