Senator Elizabeth Warren, Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, delivered opening remarks ahead of committee votes on re-authorizing the Terrorism Risk Insurance Act Program as well as President Trump's nominations of Brian Johnson to be Director of the Consumer Financial Protection Bureau, Abby Warren to be…
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The following information was released by the office of Arizona Senator Ruben Gallego:. Nearly 60 percent of American businesses that rely on terrorism risk insurance could be left without coverage if Congress fails to act. WASHINGTON Today, Senator Ruben Gallego, along with Senators Tina Smith, Dave McCormick, and Thom Tillis, celebrated the unanimous…
Political conversations often focus on labels and insults instead of solving problems. Grocery bills, housing costs, and health insurance premiums have increased faster than paychecks in rural Ohio. Fertilizer costs have doubled since 2020, and off-road diesel topped $6.00 a gallon today.
New Jersey school districts facing steep increases in employee health insurance costs are drawing down reserves, reconsidering staffing and programs, and asking taxpayers for more- pressures that local officials and state lawmakers say are exposing gaps in the state's education funding system. A national survey by the School Superintendents…
The four Embassy nursing homes are Embassy of East Mountain, Embassy of Wyoming Valley, Embassy of Scranton, and Embassy of Tunkhannock. A small group of workers gathered outside of Embassy Wyoming Valley, located at 50 N. Pennsylvania Ave., Wilkes-Barre, to vent their frustrations over the interruptions in medical coverage. Kollar is a 46- year-old worker at…
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023, a move that could make mortgages, car loans and credit card debt more expensive for South Philadelphia residents, according to Philadelphia Patch. That combination of pressures is squeezing household budgets across the region, including in South Philadelphia…
Traders shifted capital into stablecoins ahead of the Federal Reserve interest rate decision on Wednesday, as first reported by CoinDesk. Bitcoin prices hovered between $76,000 and $80,000 in the weeks leading up to the policy update. The policy update arrived just one day after the Senate blocked the CLARITY Act.
Donalds counters on the campaign trail and in a television ad that Jolly's plan would institute a $1,000 "hurricane tax" on Florida families. The Donalds campaign cites a recently published study from Florida State University as the source of its contention that Jolly's plan would blow a hole in Florida voters' pockets if approved. But that FSU study isn't based…
President Donald Trump is giving Federal Reserve Chairman Kevin Warsh a pass after the central bank voted unanimously to raise interest rates. Trump repeatedly attacked Warsh's predecessor Jerome Powell for holding interest rates steady rather than cutting them, and has called for the Fed to lower rates for months. But now that Warsh has raised rates, the…
President Donald Trump blamed the Federal Reserve board for raising interest rates against his wishes, but the board he faulted includes three of his own appointees, all of whom voted for the increase. The federal government's interest costs have climbed as higher rates and a growing debt load raise the cost of borrowing and refinancing, with interest expense…
Oregon's Medicaid program overpaid up to $4.1 million to local healthcare organizations across the state after state officials failed to account for hundreds of duplicate identification codes for enrollees, putting federal funding for the program at risk, according to a new audit. State auditors believe that the duplicate codes cost the state anywhere…
Californians are weighing a ballot measure that could reshape how local taxes pass, while two major insurers are cautiously reentering the state’ s home insurance market. In Roseville, a celebrated taqueria marked Mexican Independence Day with a dish rarely seen stateside. Here’ s a quick digest.
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023, a move that will ripple into borrowing costs for homeowners, car buyers and credit card holders across Port Richmond, Fishtown, Kensington and the rest of Philadelphia, according to the Philadelphia Patch. Gas prices have climbed 7 percent over the past month amid…
The Federal Reserve raised interest rates Wednesday for the first time in three years as inflation continues to dog the economy, largely driven by soaring gas and fuel oil prices while the war in Iran drags on. The central bank's Federal Open Market Committee voted 12-0 to increase its benchmark interest rate by a quarter of a percentage point, reaching the new…
Federal auditors are calling on UnitedHealthcare to repay $47 million to the federal government after an investigation concluded the company’ s Medicare Advantage health plans received significant overpayments. Investigators found most medical records reviewed in the audit failed to justify the extra payments that UnitedHealthcare requested for…
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Bupa Insurance Company. The rating upgrades reflect rating enhancement from BIC’ s ultimate parent company, the British United Provident Association Limited. Bupa Group is an international company with operations in health insurance, health…
After a punishing year for Oregonians who buy their own health insurance, the Trump administration is promising some of them $500 rebates just as premiums are set to climb even higher. President Donald Trump announced last week that the government plans to send the one-time checks to nearly one million people in 30 states, including Oregon, who buy health plans…
In an emailed statement signed by Commissioner Chairman Mike Stiles, the county wrote that it has successfully recovered $208,544.69 of the $247,230 total. Additionally, the statement said the remaining $38,685.31 was reimbursed through the county's social engineering fraud liability insurance coverage, and results in no financial loss to Bedford…
Governor Greg Abbott today announced that the Texas Department of Insurance, in response to his August 24 directive, identified actions to protect consumers and make property and casualty insurance more affordable for Texans. "The average annual homeowners' insurance premium in Texas rose 79 percent in six years," said Governor Abbott. Last month, Governor…
