2024 is a big political year for the country. Without question, one institution that will be front and center in this situation will be the Federal Reserve, usually simply referred to as the Fed. The Fed also serves as a backstop for troubled banks so depositors will be secure.
The latest from Washington, D.C., impacting the insurance and financial services industries.
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he legislation also provides additional options for businesses to earn the paid leave tax credit, such as paying for PFML insurance products, and it requires greater outreach efforts to raise awareness about the credit.
2024 will be a historic election year around the world
Elections will take place in 50 countries this year as 4 billion people choose new leaders.
In 2010, at the signing of the Affordable Care Act, aka Obamacare, Joe Biden, the vice president at the time, was caught on a hot mic telling President Barack Obama that the bill was a "big deal." Inflation, especially using the measure preferred by the Federal Reserve, has fallen close to the Fed's target. Biden deserves some political reward for this good news, given…
Whisper it quietly so as not to offend those who insisted the U.S. would be deep in an inflation-mired recession by now. But the Federal Reserve has likely delivered even more than the so-called soft landing its critics said was impossible. Fed Chair Jerome Powell is trying to achieve a soft landing for the U.S. economy.TheStreet/Shutterstock.
The inflationary spiral that drove prices up during the first years of the Biden administration has ended. The bad news is we're still paying more for too many things even as real wages underwent a prolonged decline. To help people buy more with less, Joe Biden appears to have embraced price controls.
The debate is heating up as European Central Bank policymakers meet this week, with many observers now expecting its benchmark lending rates to start coming down by this summer. Governors at the US Federal Reserve are also weighing cuts for later this year, fanning hopes that the price surges seen in the wake of Covid-19 lockdowns and Russia's war on Ukraine…
From Medicare to flood coverage – What the 2024 elections could mean for insurance
Insurance issues are on the line as federal and state lawmakers are on the ballot in 2024.
Trade policy with China sits at the center. China is no longer just a trading partner with whom we have differences. We're talking about electric vehicles, of which China commands almost 60% of the world market.
The Federal Reserve's anti-inflation interest-rate hikes helped, too. A flood of federal spending on infrastructure, microchips and electrification boosted North Carolina's construction sector, and the nationwide housing shortage hasn't hurt either. Ben Harris and Aaron Sojourner of the Brookings Institution designed a model to study this perception…
Trade policy with China sits at the center. China is no longer just a trading partner with whom we have differences. We're talking about electric vehicles, of which China commands almost 60 percent of the world market.
This rule pertains to significant changes to the Medicare Advantage, Medicare Prescription Drug Benefit Program, and other related health programs.
While U.S. lawmakers have a tentative agreement to avert a U.S. government shutdown on Jan. 20, congressional leaders are reported to be close to a separate deal that would restore President Joe Biden's 2021 expansion of the child tax credit in exchange for bringing back a pair of deductions for business investment. That might sound strange given the dire fiscal…
For example: after the Great Recession of 2009 the Fed printed new money and started buying $2 Trillion of government debt, aka " U.S. Treasuries") under the guise of Quantitative Easing (QE1) for the purpose of reducing Unemployment below 6%. In 2011 Standards& Poor downgraded U.S. Debt for the first time in history and Foreign Nations reduced their purchasing of…
Falling Treasury yields have either led stocks higher on the heels of slowing inflation data, or prompted investors to trim gains as price pressures quicken and the prospect of Federal Reserve interest-rate cuts dims. But Treasury yields also play a crucial role in the housing market. Core inflation, which strips out food and energy costs and is closely…
The rule sets requirements to improve the electronic exchange of health information and prior authorization processes for medical items and services.
Former President Donald Trump is cruising in Iowa but running ads in New Hampshire to dampen independent support for Nikki Haley, his nearest rival in the Granite State. The ads, which began running on MSNBC in recent days, hit Ms. Haley over her assertion that younger workers should prepare for a higher retirement age. Some polls show Ms. Haley trailing Mr. Trump by…
Committee lists policy priorities as ERISA marks 50 years
At the top of the list is implementing transparency, accountability and affordability in health care markets.
California homeowners battered by the meltdown of the Golden State "s home insurance market will have a new place to voice their frustration in 2024— at the ballot box. Adam Schiff, the frontrunner in the March 5 primary, has introduced a bill in Congress aimed at easing home insurance woes across the country and especially in California, where officials are…
The former president said in an interview this week that he expects the U.S. economy to crash and hopes it does before he would take office in January 2025, if reelected. Above all, Trump said he would not want to be known as another Herbert Hoover. While Democrats have ripped Trump's comments as scornful of the millions of Americans who would lose their jobs in a…
