Net interest on the debt has already topped $827 billion this fiscal year, according to the Treasury Department. He pointed to a sharp rise in Treasury yields since the last meeting and said markets, not the central bank, should lead. The three who dissented– Beth Hammack, Neel Kashkari and Lorie Logan– favored a quarter-point increase, according to the statement.
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Mortgage rates could drop a little over the next few days, as central bankers at the Federal Reserve ultimately decided to hold overnight borrowing rates steady at their meeting ending July 29. Mortgage rates jumped in the days leading up to the meeting, as speculation grew among futures traders that central bankers could vote to raise the federal funds rate.
Lincoln Financial today announced that it has entered into an agreement with Talcott Financial Group under which Lincoln will cede approximately $5.8 billion of in-force GUL statutory reserves, representing approximately 37% of Lincoln’ s remaining in-force guaranteed universal life block to a Talcott subsidiary. In connection with the transaction,…
In mid-July, new Federal Reserve Chair Kevin Warsh testified before two congressional committees and pledged to restore annual inflation to the central bank's stated target of 2%. Inflation flickered below 2% for much of the 2010 s, but it spiked dramatically in 2021 and 2022 as America emerged from the COVID-19 pandemic and both Donald Trump and Joe Biden…
Is my business too small for business insurance? Maybe you work from home and your entire business runs from your laptop. You don't have employees, a storefront or a fleet of vehicles.
Beth M. Hammack of the Federal Reserve Bank of Cleveland, Neel Kashkari of the Minneapolis Fed and Lorie K. Logan of the Dallas Fed dissented, voting instead for a quarter-point increase. Oil prices have whipped around in recent days with the Iran war in a delicate limbo. He said the United States would mount another round of attacks against Iran.
The following information was released by the Henry J. Kaiser Family Foundation:. Authors: Abby Sachar, Amaya Diana, Alice Burns, and Jennifer Tolbert. SSI is a means-tested federal program administered by the Social Security Administration that pays monthly cash assistance to people with limited resources who are unable to work because of a disability and…
The following information was released by the Environmental Defense Fund:. This retreat exposes a market failure compounding on itself: without strong federal safeguards like the Toxic Substances Control Act, the primary U.S. chemical safety law current under threat in Congress, to curb PFAS at the source, production will continue unchecked, contamination…
After admitting to taking orders from his "commanding officer" Donald Trump, it's no surprise that Joe Lombardo has embraced MAGA extremist candidate David Flippo, who said the GOP's budget bill "really helped America" and is "an asset to all Americans." Health insurance premiums for Nevada families rising to an average of $800 per month a 34% increase.
The following information was released by the office of the California Attorney General:. California Attorney General Rob Bonta today issued a consumer alert reminding Californians about sham health insurance plans offered by some health care sharing ministries. Due to congressional Republicans' decision to allow the Affordable Care Act's enhanced…
Wall Street ended sharply lower Wednesday after the Federal Reserve held interest rates steady, with artificial intelligence-related chip stocks adding to recent declines ahead of quarterly reports from Microsoft and Meta Platforms and the Nasdaq 100 index marking an 11% drop from its June record high. The Fed's widely expected decision to leave the…
Updated July 29, 2026 at 1:06 PM CDT. This was the second rate-setting meeting led by Kevin Warsh, who took over as chairman of the central bank in May. "My colleagues and I recognize that high inflation has been an undue burden on American households and businesses," Warsh told the Senate Banking Committee.
Three of the 12 voting members of the committee said they would have preferred to raise rates. The Fed is battling stubborn inflation, which has worsened as a result of the U.S. war with Iran. NPR's Scott Horsley is here in the studio with us now. SCOTT HORSLEY, BYLINE: Hi, Juana.
The Federal Reserve held interest rates steady on Wednesday, a choice that may intensify questions about how U.S. central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2% target. Those same three officials- the presidents of the Fed' s Cleveland, Dallas and Minneapolis regional banks- had also dissented at Jerome…
mmigration of foreignborn individuals moving to the U.S. has sparked serious debates about the pros and cons of the movement. In March, the Federal Reserve Bank of Dallas published a detailed study using data from 2021 to 2025 to estimate the impacts of unauthorized immigration in two key areas: the labor market and the housing market. Before jumping into the…
At a“ labor tailgate” held Wednesday by striking Mount Nittany Medical Center employees, speakers took aim at the health system terminating healthcare benefits for more than 900 workers on strike. Ro Khanna, D- California, followed Mount Nittany’ s official revocation of healthcare benefits from workers participating in the planned five-day strike.
By Whitney Downard| Pennsylvania Capital-Star. More than 600 Pennsylvanians signed a petition calling for a "healthcare cost freeze," organized by the Affordable Healthcare Coalition, which is scheduled to be delivered on Wednesday to the agency's Harrisburg office. Coalition members include Kraus' organization, Affordable PA, the Pennsylvania…
2026 JUL 29– By a News Reporter-Staff News Editor at Insurance Daily News– Data detailed on Post-Operative Complications have been presented. According to news reporting out of Salt Lake City, Utah, by NewsRx editors, research stated,“ Total ankle arthroplasty and ankle arthrodesis remain viable treatment options for end-stage ankle arthritis.
Greg Abbott raised the curtain on the third part of his plan to lower insurance costs for Texans. According to the Texas Association of Health Plans, insurance premiums for small businesses in Texas are jumping 15-20% in 2026— 36-82% above the national average. Because Texas is one of the most heavily mandated states in the country, the state is one of most…
