In response to this overall cooling, the Federal Reserve cut interest rates on Wednesday in hopes of providing a lift to the job market— which it's recognized is in a "curious balance." That's a concern shared by Harvard economist Jason Furman. He recently joined "Marketplace Morning Report" host David Brancaccio to discuss.
Newswires
The following information was released by Virginia Senator Tim Kaine:. Today, U.S. Senators Mark R. Warner and Tim Kaine issued the following statement after the Congressional Budget Office, the nonpartisan budget scorekeeper, released a new analysis of the harm resulting from Republicans' war on health care, including their repeated attacks on the Affordable…
Minneapolis Federal Reserve Bank President Neel Kashkari supported the Fed’ s quarter-point cut to its key interest rate Wednesday and posited two more could be in store. In a Friday essay, Kashkari wrote that while he previously advocated for two cuts in 2025, he’ s now“ nudged that up to three” if current market conditions persist. “I do not believe we should be on a…
MANISTEE— The Manistee County Board of Commissioners voted this week to support Centra Wellness Network in a dispute over how mental health services are funded and managed across Michigan. At issue is a proposal from the Michigan Department of Health and Human Services to rebid the state's 10 regional Prepaid Inpatient Health Plans, which manage…
DACA, which President Barack Obama established in 2012, applies to certain immigrants who are here illegally but were brought to the U.S. as children. To be eligible, an immigrant must have come to the U.S. at age 15 or younger before June 15, 2007. DACA participants also must be high school graduates, high school students or veterans of the U.S. military.
Earlier this year, UnitedHealthcare acknowledged it is under federal investigation over accusations is defrauded Medicare Advantage through multiple billions of dollars in alleged illegal upcoding, which makes their patients look sicker than they are to get higher payments from the Medicare program. As Congress debates the upcoming federal budget,…
Minneapolis Fed President Neel Kashkari supported the Federal Reserve’ s quarter-point cut to its key interest rate Wednesday and posited two more could be in store. In a Friday essay, the Federal Reserve Bank of Minneapolis leader wrote while he previously advocated for two cuts in 2025, he’ s now“ nudged that up to three” if current market conditions persist.
U.S. Senator Jack Reed says it is imperative for Republicans to help reverse President Trump's health care price hikes on Americans as a new report from the nonpartisan Congressional Budget Office shows 3.8 million more people will lose health insurance coverage if Republicans continue to reject Democrats' proposal for the end of the year budget.
North Dakota Farmers Union President Mark Watne wants to see new blood emerging in the organization to take over when he retires in a few months. "With 70,000 members, NDFU is the largest membership organization within the National Farmers Union at this moment in time," Watne said. As president of NDFU, Watne also leads the Farmers Union Mutual Insurance Company…
Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICRs of“ a” of Oxford Life Insurance Company and its subsidiary, Christian Fidelity Life Insurance Company, which are collectively referred to as Oxford Group. These companies are owned by the group’ s ultimate parent, U-Haul Holding Company, which is also the parent of U-Haul International, Inc.,…
U.S. Representative Emilia Sykes recently co-sponsored H.R.4849, the Protecting Health Care and Lowering Costs Act of 2025. Republicans' H.R.1 raises costs even higher, and kicks hundreds of thousands of people off their health insurance all together, "said Rep. Sykes. Republicans' H.R. 1, made sweeping changes to Medicaid and the ACA.
Today, Congresswoman Diana DeGette released the following statement after the House passed H.R. 5371, a short-term government funding bill. "Here in Colorado, that means 240,000 people likely will lose their health insurance, and the families in Denver who rely on ACA coverage will see their premiums spike by an average of $210 a month. "Republicans had the…
Today, Congressman Troy A. Carter Sr. released the following statement after voting NO on House Republicans' government funding bill:. As Louisiana families are being squeezed by higher costs, Republicans refuse to stop double-digit hikes in their health insurance premiums.I will continue to push against this GOP- created crisis by fighting to cancel the cuts,…
The following information was released by Delaware Senator Lisa Blunt Rochester:. U.S. Senator Lisa Blunt Rochester joined Senator Ruben Gallego to introduce the Fed Integrity and Independence Actto prohibit members of the Federal Reserve from holding multiple positions appointed by the President. "Given how much impact the Federal Reserve hason…
Today, Congresswoman Nikema Williams joined the Financial Services Committee Housing and Insurance Subcommittee Meeting to ask witnesses and speak on the Reauthorization of the Terrorism Risk Insurance Act of 2002:. "I represent Georgia's Fifth Congressional District, a region with a very vibrant business community and that is centered in Atlanta, where…
The following information was released by the California Department of Insurance:. Rebecca Juarez, 39, and Juan Pablo Rodriguez, 31, both of Irvine were arrested on two counts of conspiracy, 21 counts of medical insurance fraud, and 21 counts of identity fraud for allegedly running an insurance fraud scheme where the couple stole more than 21 patients'…
A district judge sentenced the former second-in-command of the Bank of O'Fallon to 63 months' imprisonment after he admitted to federal charges for engaging in a fraud scheme to obtain more than $2 million. According to the indictment, Blassie served as the Executive Vice President for the Bank of O'Fallon and defrauded the bank out of $1,972,887.67 in a check…
Constantine Antonas of Akron died by suicide in 2021 after clients alleged he lost millions in fraudulent investments, according to court documents.
Markets ended the week of September 19 with investors weighing a mix of bullish tailwinds and bearish crosscurrents. The Federal Reserve’s decision to cut rates by 25 basis points was the clear centerpiece, but interpretations of the move diverged sharply—some seeing the start of a powerful easing cycle, others warning of policy and macro risks…
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