A bill advancing rapidly in the Iowa House would make a one-time tax increase on some health insurers and draw money from the Taxpayer Relief Fund to address the state's Medicaid shortfall. The bill would also include a $296.2 million transfer from the state's Taxpayer Relief Fund to account for state revenue declines caused by changes made through the…
Economic News
According to news reporting originating in Ankara, Turkiye, by NewsRx journalists, research stated,“ This paper examines the spillover effects of the U.S. Federal Reserve and the European Central Bank monetary policies on Turkiye, providing broader lessons for emerging markets.”. The news reporters obtained a quote from the research from Hacettepe University,“…
The following information was released by the Cato Institute:. President Trump has formally nominated Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve, whose term expires in May. But a confirmation hearing is one of the few opportunities for Congress to put a nominee on record before handing them this consequential economic policy role.
TWO, an MSR-focused REIT, today adjourned its Special Meeting of Stockholders in order to provide additional time for stockholders to vote and to solicit additional proxies to vote in favor of TWO’ s acquisition by UWM Holdings Corporation. The Special Meeting was adjourned until March 24, 2026 at 11:00 a.m. Eastern Time. Securities and Exchange Commission,…
Kraken Financial, a digital bank owned by Payward, has acquired a Federal Reserve master account. Kraken is the first digital asset bank to gain access to the reserve's payment infrastructure, according to a press release. The bank can use the account to connect to U.S. payment rails such as Fedwire without intermediaries. With a Federal Reserve master account, we…
Iowa House lawmakers are advancing legislation that would place a temporary tax increase on some health insurance companies in the state— matching a similar legislative proposal moving in the Senate. The House bill, like its Senate counterpart, would temporarily increase the tax on health insurance premiums from 0.925 percent to 3 percent to help the state…
If you’ re wondering why there are tax increases on top of tax increases this year, coming soon to a ballot near you if you haven’ t seen them already, one reason is Medi-Cal spending. In California, 14.5 million people are on Medi-Cal, the safety-net health insurance program for low-income people. A new report from the Legislative Analyst’ s Office warns that Medi-Cal…
The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Friday announced the execution of the enforcement actions listed below:. Former employee of Equity Bank, Andover, Kansas.
WASHINGTON— A federal judge on Friday quashed Justice Department subpoenas issued to the Federal Reserve in January, a severe blow to an investigation that already attracted strong criticism on Capitol Hill. The investigation into testimony last June by Chair Jerome Powell about a $2.5 billion building renovation also delayed Senate consideration of…
A federal judge put the brakes on the Justice Department's criminal probe of the Federal Reserve, saying it was part of an improper campaign by the Trump administration to pressure the central bank into cutting interest rates more aggressively. At the time, Fed chairman Jerome Powell had called that a pretext. Thom Tillis, R- N.C., praised the decision.
A federal judge in Washington threw a major roadblock into a criminal investigation of Jerome Powell, the Federal Reserve chair, quashing grand jury subpoenas issued to the central bank by federal prosecutors over renovations underway at its headquarters in Washington. In a blistering 27- page decision unsealed Friday, the judge, James E. Boasberg, derided…
A federal judge in Washington threw a major roadblock into a criminal investigation of Jerome Powell, the Federal Reserve chair, quashing grand jury subpoenas issued to the central bank by federal prosecutors over renovations underway at its headquarters in Washington. In a blistering 27- page decision unsealed Friday, the judge, James E. Boasberg, derided…
—Federal judge quashes subpoenas in Justice Department's Federal Reserve investigation, dealing blow to inquiry.
The following information was released by the Federal Reserve Bank of Atlanta:. In his last quarterly message as Atlanta Fed president and CEO, Raphael Bostic bids farewell to the people of the Sixth Federal Reserve District. "It has been my great honor to serve the American people as a central banker and, in particular, to serve the people of the Sixth District as…
As a Member of the exclusive House Committee on Financial Services, I play a part in reviewing and exercising jurisdiction over such wide ranging issues as securities, insurance, banking, and housing. The Committee also oversees the work of the Federal Reserve Bank, the U.S. Treasury, the Securities Exchange Commission, and other financial services regulators.
Macroeconomically, disappointing U.S. jobs data for February, showing a loss of 92,000 jobs against expectations of a 70,000 gain, has fueled uncertainty. The dominant driver of price action across markets, and the high-risk crypto market in particular, has been the escalating U.S.- Iran war. Israel's strikes on Iran, with U.S. involvement, triggered a risk-off…
–Two of the nation's largest credit rating agencies are sounding alarms about New York City's escalating budget crisis, as Mayor Zohran Mamdani ramps up spending and pushes for tax increases to offset projected revenue shortfalls. “We believe the use of reserves for baseline budget management in the near term rather than developing other corrective…
Iowa House lawmakers are advancing legislation that would place a temporary tax increase on some health insurance companies in the state— matching a similar legislative proposal moving in the Senate. The House bill, like its Senate counterpart, would temporarily increase the tax on health insurance premiums from 0.925 percent to 3 percent to help the state…
The following information was released by the Federal Reserve Board:. At the Cato Institute Policy Forum: Basel III and Bank Capital Rules, Washington, D.C.. It's good to be here with you at the Cato Institute to discuss our approach to bank capital requirements.1 Capital requirements form the foundation of our prudential regulatory framework, and in the coming…
