President Trump has seized on the Federal Reserve's multibillion-dollar makeover as a possible avenue for finally ousting its politically independent chair, Jerome Powell. With the Supreme Court signaling Trump would need a valid reason, the president has held back from terminating the central banker even as he doesn't hesitate to eviscerate other…
Newswires
There are a couple of behind-the-scenes issues with the Federal Reserve that impact every citizen in profound, and often disastrous, ways. The following are observations from the front row of the Federal Reserve in action. Yes, the Federal Reserve must be independent to make wise monetary policy decisions regardless of the current political climate.
Robin Bates isn't quite sure what the future looks like. Bates is now one of hundreds of people in Texas attempting to clean up and rebuild after devastating July Fourth weekend floods killed at least 130 people. Just 7% of homeowners in Texas have flood insurance through the federal government, which runs the biggest flood insurance program in the country.
But between the looming expiration of Biden-era enhanced premium tax credits— which lower out-of-pocket costs for people with marketplace coverage— and changes in the recently passed GOP megabill, the state's uninsured population is expected to spike. Because Texas never expanded Medicaid to people earning above the federal poverty level— as 40 other…
Justin Ruffridge, imposing new requirements for medical authorizations on health insurance, became law Tuesday. A press release from the Alaska Senate Majority says that Senate Bill 133 was sponsored by Bjorkman, R- Nikiski, in the Senate and Ruffridge, R- Soldotna, in the House. The bill was passed May 18 and became law July 15, though without the signature of Gov.
Business owners, does the cost of your liability insurance keep going up every year, while your coverage dwindles? To quote the actual Shakespeare, if your insurer denies coverage, don't "weep with me, past hope, past cure, past help." Of course, Shakespeare also wrote, "The first thing we do, let's kill all the lawyers," but that was in a different play.
Primarily due to the Affordable Care Act, the United States has made great progress in expanding health insurance coverage. The progress made in insurance coverage is now threatened by the Trump administration and Congress. The passage of the Budget Reconciliation Act brings significant changes to the ACA and Medicaid, which, according to the Congressional…
As tests and screenings for chronic conditions improve, Connecticut residents will have better access after lawmakers passed legislation mandating health insurance plans cover biomarker tests starting next year. Connecticut joins more than 20 states mandating insurance coverage cover biomarker tests, said Christy Kovel, director of public policy at…
Because the final version of the legislation moved swiftly through the Senate and the House, estimates regarding the number of people likely to lose their health insurance coverage were incomplete when Congress approved it by razor-thin margins. Nearly 12 million Americans could lose their health insurance coverage by 2034 due to this legislation,…
POCATELLO— Farm Bureau Insurance Company of Idaho, the largest property-casualty insurance company headquartered in the Gem State, announced today that it has once again been named one of the top 50 performing insurance companies in the United States by the Ward Group— marking the second consecutive year the company has received this national honor.
President Trump is signaling, as only he can, that it's time for Federal Reserve Chairman Jerome Powell, to go. At issue is the central bank's practice of paying interest to commercial banks on the reserve balances they deposit at the Federal Reserve. Ted Cruz tried to launch a debate about this earlier in June when he suggested that if Congress barred these…
Insurers want higher premiums to cover the usual culprits— rising medical and labor costs and usage— but are tacking on extra percentage point increases in their 2026 rate proposals to cover effects of policy changes advanced by the Trump administration and the Republican-controlled Congress. One key factor built into their filings with state insurance…
Rand Paul is sounding the alarm on the Federal Reserve's $600 million cost overrun for renovations to its Washington, D.C. headquarters— now expected to cost taxpayers $2.5 billion. "What should have been a routine renovation at the Federal Reserve, aka Powell's Palace, has now ballooned into a $2.5 billion boondoggle," Paul said in a statement released by his…
Dear Savvy Senior: I will enroll in Medicare in a few months and would like to know if I initially enroll in a Medicare Advantage plan, am I able to switch back to original Medicare and get a supplemental policy and prescription drug plan later with without paying a fine? Dear Almost: You won't be subject to any fines for switching Medicare plans, but you will be…
-Senate Republicans strongly warn President Trump against firing Federal Reserve Chair Jerome Powell, arguing such a move would severely destabilize financial markets and undermine the Fed's independence. John Kennedy say undermining central bank autonomy could damage investor confidence and mirror economic failures like Turkey's 30% inflation.
Primarily due to the Affordable Care Act, the United States has made great progress in expanding health insurance coverage. The progress made in insurance coverage is now threatened by the Trump administration and Congress. The passage of the Budget Reconciliation Act brings significant changes to the ACA and Medicaid, which, according to the Congressional…
The Federal Reserve's political independence- the sense that the world's most powerful central bank makes decisions based on economic conditions, not short-term political considerations- is a critical national asset. Now, the administration's attacks on Chair Jerome H. Powell are escalating: White House budget adviser Russell Vought blasted Powell on…
Glenn Youngkin's own Department of Medical Assistance Services just placed on the Virginia impact of President Donald Trump's "One Big Beautiful Bill Act". Over the next 14 years, this federal wealth redistribution bill will stretch Virginia's budget, strain our hospitals, raise insurance premiums and harm many of our most vulnerable friends and neighbors.
The Federal Reserve has been under attack of late. But more recently, the Trump administration has also been criticizing a major renovation to the Federal Reserve's Washington, D.C. headquarters as an "ostentatious overhaul" and a sign of mismanagement. 2025 federal budget data from the U.S. Treasury shows the U.S. government has spent $5.34 trillion this fiscal…
