For the past quarter-century, the Federal Reserve has preferred one price measure for consumer spending, that big segment of the economy the Fed considers in its efforts to promote its two congressionally mandated economic goals of stable prices and maximum employment. The Fed uses the personal consumption expenditures price index, produced monthly by the…
Newswires
The following information was released by Tennessee Senator Bill Hagerty:. WASHINGTON On Tuesday, United States Senator Bill Hagerty, a member of the Senate Banking Committee, sent a letter to Vice Chairman for Supervision of the Federal Reserve Board of Governors Michelle Bowman, Comptroller of Currency Jonathan Gould, Chairman of the Federal Deposit…
We commonly hear the United States is $39 trillion in debt. But, if we want Social Security and Medicare Part A benefits to continue as is indefinitely, we’ re $103 trillion in the hole, according to the latest trustee reports from the Social Security Old-Age, Survivors and Disability Insurance and Medicare programs. That’ s nearly $300,000 for each U.S. taxpayer.
WASHINGTON D.C.– While he is a new Federal Reserve Chairman, Kevin Warsh kept it pretty much business as usual when he held his first meeting last week. The central bank voted unanimously to keep the standard interest rate in the 3.50% to 3.75% target range. There were also talks of a new strategy involving communication with Warsh releasing a shorter policy…
The Harlan City Council gave its first reading of the budget for the 2026-2027 fiscal year during their meeting on June 25 and followed with the second reading on Monday. While health insurance premiums have also seen a stark increase, Mayor Joe Meadors made it clear that the city would be the ones footing the bill. According to Meadors, the increased price of…
Noah Cross, the archvillain of the movie " Chinatown," had the definitive line on how old age brings respectability. I wouldn't necessarily slot former Federal Reserve Chairman Alan Greenspan into any of those categories, but the general reaction to his death Monday at age 100 puts the lie to Cross' observation. The headline on the Wall Street Journal's main take on…
-Companies operating in the nation’ s most productive oil and gas region report business activity surged to a four-year high in the second quarter of 2026, though rising operational costs and regulatory burdens threaten long-term growth, according to the Dallas Federal Reserve Bank’ s most recent quarterly survey. The Dallas Fed’ s business activity index for…
Most adult Americans take at least one prescription drug, and for too many, getting that prescription filled means battling the very system that's supposed to help them. Insurance denials have become alarmingly routine. And even when patients manage to access treatment, affordability remains a major challenge: nearly 60% of U.S. adults worry about being able…
The Maryland Insurance Administration announced Friday that, for the second year, healthcare carriers are proposing high premium rate increases following the expiration of a popular federal tax credit that helped keep some plans on the state insurance marketplace more affordable. "The significant rate increases filed with the Maryland Insurance…
PRIMGHAR, Iowa— A Hartley, Iowa, man has been placed on probation after pleading guilty of filing fraudulent insurance documents. Jeremiah Poduska, 34, pleaded guilty June 15 in O'Brien County District Court to fraudulent submission to insurer— fraudulent submission made with intent to defraud insurer. Jeremiah Poduska was charged with submitting a…
Maryland residents who buy health insurance through the Affordable Care Act marketplace could see higher premiums next year, with insurers requesting an average rate increase of 13.7% for 2027, according to filings submitted to the Maryland Insurance Administration. “The significant rate increases filed with the Maryland Insurance Administration for…
A public notice published in the Woodward News states that Cowboy Bank of Kremlin has applied to the Federal Reserve Board for permission to merge with Stock Exchange Bank of Woodward and continue operating its locations as branches of Cowboy Bank. According to notices published June 17, and to be ran June 24 and July 1, Cowboy Bank plans to establish a branch at…
WASHINGTON— U.S. inflation increased further in May, breaking above 4% for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year. The personal consumption expenditures price index surged 4.1% in the 12 months through May, the largest increase and…
—About 3 million fewer people in the United States had Affordable Care Act health insurance plans in February compared with the same time last year, according to new federal data. In the report released Friday, the U.S. Department of Health and Human Services suggested the 13% drop in enrollment from 22.1 million people in 2025 to 19.2 million this year could be…
Navigating your health insurance can get complicated fast once you move beyond deductibles and co-pays. Prior authorization, a utilization-management tool, is one of those complications. It was originally created to help insurance providers deal with high-cost, high-risk or unusual healthcare services.
Three quarters of Midwestern homeowners are concerned about rising home insurance premiums and 86% of homeowners surveyed in a poll released Thursday by Climate Power and the Insurance Fairness Project say elected officials should do more to reduce the cost. The poll surveyed Iowa, Nebraska and Kansas homeowners and found they largely supported policy…
That may be fine when the tickets sold are for harmless attractions, but what mostly seems for sale in 21st- century Washington is this country's very soul. Even as the Affordable Care Act was being signed into law by President Barack Obama in 2010, it was clear it would need future adjustments. Unfortunately, that necessity has been ignored by President Donald…
Even if you already know the role and history of the Federal Reserve, I’ d bet a pretty penny you’ ll be impressed by the rare coins and notes on display, including a $100,000 bill and a 1907 Saint-Gaudens High-Relief Double Eagle gold coin, valued at upward of $35,000, which Hill told me is "considered to be the most beautiful coins ever produced in the United States."
Even as the Affordable Care Act was being signed into law by President Barack Obama in 2010, it was clear it would need future adjustments. A National Institutes of Health study concluded the Obama administration "bowed to the demands of the medical industrial complex comprised of hospitals, insurance companies, and drug companies" to help it make the ACA law…
