In 1913, Congress gave the Federal Reserve a clear and narrow mission: Safeguard the value of our money and support stable employment. The Fed, like the U.S. Department of Education, U.S. Agency for International Development and others that have come under attack by President Donald Trump's administration, has strayed far from its original purpose.
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The U.S. Federal Reserve is under siege. President Donald Trump threatens to fire Chair Jerome Powell. The Supreme Court has confirmed that the chair can't be dismissed except "for cause"— a threshold that the renovation-cost overruns the president has cited don't meet.
South Korean-based DB Insurance Co. Ltd. announced Sept. 26 it is buying Jacksonville-based specialty insurance company Fortegra Group Inc. for $1.65 billion. DB Insurance said the acquisition of Fortegra is a strategic step in its goal of growing its presence outside of South Korea. "This acquisition will mark the first-ever purchase of a U.S. insurer by a…
Just one year ago, I expressed concerns that a wave of commercial foreclosures was rising and Hardin County wouldn't be immune to its effects. As of mid-September 2025, with the presidential election now behind us and the Federal Reserve Board's 25 basis point reduction in interest rates, we may finally be entering a more favorable environment for commercial…
–The board that regulates North Carolina's state health insurance plan on Friday approved a contingency plan to provide health care for members if Duke Health leaves the network in a few weeks over a pricing dispute. Duke and Aetna, which administers the North Carolina state plan, are locked in a contract dispute over how much Duke will be paid for services.
But now that the Federal Reserve has been lowering short-term rates, what can investors expect from here, and how long will the shifting rate environment impact markets? After lowering interest rates by 25 basis points at its December meeting, the Federal Reserve opted to hold rates steady at five straight meetings before lowering them at its latest meeting on…
DES MOINES— Iowa Democrats warned Friday that tens of thousands of Iowans could face skyrocketing health insurance premiums or lose coverage altogether if Republicans in Congress fail to extend expiring Affordable Care Act tax credits. "Republicans would rather shut down the government than work with Democrats to solve a growing health care crisis for…
ATLANTA— Georgia's unique approach to Medicaid was set to expire this month, but the state just got a one-year extension from the federal government. As of May, 23 months into the program, there were 7,463 enrolled, well short of the state's initial projections of 47,000, the Center for Medicare& Medicaid Services observed in its extension notice to the Georgia…
The following information was released by the California Department of Insurance:. SACRAMENTO, Calif. Insurance Commissioner Ricardo Lara today ordered insurance companies to preserve residential property insurance coverage for approximately 124,000 homes affected by wildfires in Calaveras, Tuolumne, San Joaquin, Stanislaus, Mariposa, and Merced…
In case you missed it, Mainers are calling out Susan Collins for voting against a bill that would have saved health care for 50,000 Mainers who are at risk of seeing their insurance premiums increase by double digits when enhanced premium ACA tax credits expire. Maine mother and small business owner Briana Bononcini: This is just kind of unconscionable to me to…
The following information was released by Florida Senator Rick Scott:. Rick Scott and Ted Cruz. This meant banks, including foreign banks, could earn much heftier returns with zero risk by depositing even more cash at the central bank, particularly as the Fed was shelling out at a4.4% interest rate more than double theratepaid by the European Central Bank.
The following information was released by Nevada Senator Catherine Cortez Masto:. Today, U.S. Senator Catherine Cortez Masto hosted a roundtable with representatives and health care employees for Northern Nevada HOPES and Nevada Health Centers, health insurance navigators, and health care tax cut recipients to discuss the need to address looming health…
In case you missed it, Senators Rick Scott and Ted Cruz wrote an op-edin the Washington Examiner calling for the full passage of their FAIR Act to support President Trump's efforts to fix the Federal Reserve. The FAIR Act stops the Federal Reserve from wasting $1 trillion over the next decade on bank reserves. In the op-ed, Senators Rick Scott and Ted Cruz write, "… the…
“I do think it’ s important to recognize that we should be seeing thousands of people likely lose coverage from this,” said Jared Kosin, president and CEO of the Alaska Hospital and Healthcare Association. In a panel discussion last month, local experts in Juneau laid out the stark reality for Alaska, which has the highest health care costs in the nation.
QAnon Shaman says he’s rightful president, sues Trump for $40 trillion
Arizona resident Jacob Chansley, better known to America as the QAnon shaman who stormed the U.S. Capitol on Jan. 6 in a striking horned warrior outfit, is suing a host of entities— including the federal government and President Donald Trump— for $40 trillion. Named as defendants are Trump, the Federal Reserve, the National Security Agency, the International…
Sep. 26— WASHINGTON— Congress headed into the weekend with a government shutdown all but certain to begin on Wednesday, as Democrats demand Republican majorities in the House and Senate act to keep health insurance costs from rising while the White House dismissed that condition as "radical left insanity." Some Republican lawmakers have voiced support for…
Exploring the Roles of Federal Healthcare Programs in Addressing Hunger Introduction Food insecurity-the lack of consistent access to enough food for an active, healthy life-remains a persistent challenge for millions across the United States. Understanding Food Insecurity in the U.S.. Food insecurity is defined by the U.S. Department of Agriculture as a…
2025 SEP 26– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ HCSC” by Kristin Grant GRANT ATTORNEYS AT LAW PLLC, representing Health Care Service Corporation. This application was made available to the public on September…
2025 SEP 26– By a News Reporter-Staff News Editor at Insurance Daily News– A new study on Managed Care is now available. The news correspondents obtained a quote from the research from Dartmouth-Hitchcock Medical Center,“ Undercoding DRG complexity has been shown to result in unrecovered reimbursement and financial losses for hospitals.
