On Dec. 1, North Carolina became the 40th state to implement Medicaid expansion. For 600,000 residents newly eligible for one of the most effective health insurance programs in the United States, it was a life-changing day. Congress and state lawmakers should do everything in their power to ensure that eligible people–especially children–do not lose…
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A child holds a sign shaped like a butterfly that says, "Here to stay," at a rally organized by the Colorado Immigrant Rights Coalition on March 11, 2023, at the Colorado Capitol. (Robert Davis for Colorado Newsline)This story originally appeared at KFF Health News. A growing number of states are opening taxpayer-funded health insurance programs to immigrants, including those…
Last month, the Fed cracked open the door to the possibility of interest rate cuts. This year the stock market will want the central bank to make good on that. Why it matters: The tension between a stock market that's fixated on getting lower interest rates, and a Federal Reserve that's leery of giving them before fully killing off inflation seems set to dominate markets in early…
The former president is facing $250 million in penalties and a ban on doing business in New York when the judge overseeing his civil fraud trial delivers a verdict in the case later in January. New York Attorney General Letitia James is seeking at least $250 million in repayment of alleged ill-gotten gains from Trump, 77, and his co-defendants, including his two…
After a frenetic 2022 with seven interest rate hikes worth 425 basis points, the US Federal Reserve has made another four this year, an adjustment of another 100 points that has apparently put an end to the bullish streak and opens up a 2024 with expectations of lower rates, albeit slowly. At their last meeting of the year, held on December 13 and 14, the members of the…
After a frenetic 2022 with seven rate hikes worth 425 basis points, the U.S. Federal Reserve has made four more this year, an adjustment of another 100 points that has seemingly put an end to the bullish streak and opens up a 2024 with an expectation of lower rates, albeit slowly. At its last meeting of the year held on December 13 and 14, the members of the US…
Prosecutors detail how a Hampton man allegedly pulled off four fraud schemes. Here are the details.
Kree Flowers had recently gotten married and decided to log into her account on the Social Security Administration's website in February to check on the status of her retirement benefits. She was shocked to see a big red number at the top of the page. According to the agency, she had been overpaid by $17,121.21.
Editor’ s Note: This story is part of our Mixed Signals: 2024 Economic Forecast for Texas. Utility and insurance rates will likely make another upward jump again in 2024 thanks to the historical winter storm that pulverized Texas nearly three years ago and the state’ s volatile climate patterns. This makes Texas one of the states with the greatest increase in that…
The pattern drawn by joining Treasury yields with a line in time progression has been on a downward trajectory since 2022, when the Federal Reserve, the US central bank, began raising interest rates sharply to control inflation. The line took the same shape in other yield curves, such as that of Germany with bunds, the most observed on this side of the Atlantic.
An outgoing columnist with the Washington Post recently penned an article entitled "Individual Retirement Accounts: Readers Offer Post-Career Advice." Washington Post, John Kelly, Dec. 17. 2023. The title might have been misconstrued to indicate there was some tax planning involved but, far from it, the columnist broached a subject surprisingly not very often…
In an unprecedented economic context, retirement is an issue that worries Spaniards. According to the Bank of Spain, aging will cut the activity rate by up to 3.7 points in 2030 in our country, and it assures that this could weigh down the economy. Recently, the Bank of Spain published a study in which it stated that only 19% of Spaniards are able to correctly answer…
Approximately 118,000 West Virginians have been removed from Medicaid and the Children’s Health Insurance Program (CHIP) since the "unwinding" process began this year. (Getty Images)West Virginia has removed 118,000 residents from Medicaid and the Children’s Health Insurance Program (CHIP) since its eligibility review began this spring. That is quite a stunning number of people…
Commissioner Ricardo Lara said this week that the insurance department has received“ numerous” consumer complaints about waiting periods, questionnaires and other insurer practices that could violate state laws, as CalMatters detailed in a recent story. Lara’ s spokesperson, Michael Soller, couldn’ t say Friday exactly how many complaints the state has…
People walk outside of Mount Sinai Hospital in Manhattan in 2022. The hospital system could soon stop accepting United Healthcare insurance if the two sides can't agree on a new contract. The hospital system would also stop taking Oxford insurance, which is owned by UnitedHealthcare. [ more › ]
Drivers’ complaints about difficulty getting insurance coverage prompt state to reiterate laws, signal possible enforcement actions.
Financial markets will "take off" once investors are confident that the Federal Reserve is done raising interest rates, outgoing Morgan Stanley CEO James Gorman predicted, offering an optimistic outlook for his successor. In a wide-ranging interview with the Financial Times days before handing over as CEO to Morgan Stanley co-chairman Ted Pick, Gorman also…
Inflation eased more than expected in the United States in November and fell to its lowest level in nearly three years while consumer spending held steady, indicators that were welcomed by President Joe Biden. Consumer prices rose 2.6% year-on-year in November, according to the PCE index, the U.S. Federal Reserve's preferred index, released by the Commerce…
At the close of the third quarter of 2023, the U.S. economy recorded its strongest growth since the fourth quarter of 2021, driven by consumer spending. U.S. gross domestic product grew 4.9 percent at an annualized rate in the third quarter of 2023, according to the final estimate from the Commerce Department's Bureau of Economic Analysis.