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The latest from Washington, D.C., impacting the insurance and financial services industries.

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The U.S. District Court for the Northern District of Texas issued a stay earlier this month preventing the Centers for Medicare and Medicaid Services from implementing a new rule changing compensation rules for professionals providing products and services related to Medicare Advantage and Medicare Part D programs. 
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Connelly v. U.S. questioned whether the proceeds of a life insurance policy taken out by a closely held company on a shareholder constitutes an asset of the company when calculating the value of the shareholder’s shares for purposes of the federal estate tax.

The Congressional Budget Office rudely interrupted the presidential campaign by releasing its 10- year budget outlook. Neither Joe Biden nor Donald Trump wants to talk about the woolly mammoth in the room, but somebody has to point out that growing entitlements and debt payments are squeezing national defense. As helpful historical context, the U.S. added…

—A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Inflation fell sharply in the second half of last year but then leveled off above the Fed’ s 2% target in the first few months of 2024. With polls showing that costlier rents, groceries and…

Covid has affected everyone, whether or not you were vaccinated. Not that Robert Kennedy, Jr. is right about shots. Polls suggest that people ignore the economic recovery and blame Joe Biden for not giving them the kind of personal prosperity that had supposedly boosted their purchasing power and assured their retirement.

—Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation. At the same time, with polls showing that costlier rents, groceries and gasoline are angering voters as the…
Illustration of figures walking near Washington, D.C. landmarks such as the Capitol and the Lincoln Memorial. NAIFA-members-discuss-financial-security-at-the-Capitol.

The National Association of Insurance and Financial Advisors wraps up its 2024 Congressional Conference Tuesday with a visit to Capitol Hill to discuss issues facing the industry and the people it serves.