Increases focus on the wealthy and big corporations. President Biden promised a budget that would accomplish many things during his State of the Union address last month, including…
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President and House Speaker to Meet Wednesday
The debt ceiling is expected to be at top of the agenda. House Speaker Kevin McCarthy of California said he and President Joe Biden will meet Wednesday to…
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CBO Predicts Social Security Exhaustion in 10 Years
Old Age and Survivors Insurance Trust Fund needs to be addressed by Congress. A new report from the Congressional Budget Office shows the Old Age portion of the…
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President Signs Executive Order to Lower Drug Costs
The order complements actions taken under the Inflation Reduction Act. On Friday, President Biden signed an executive order directing the Department of Health and Human Services to consider…
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Treasury Department Reports $220 Billion August Deficit
The number is 29% higher than August of 2021. This week, the Treasury Department posted the U.S. government’s receipts for August 2022, reporting a $220 billion budget deficit.…
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President Signs Inflation Reduction Act
Bill addresses taxes, healthcare, and climate On Tuesday, President Joe Biden signed the Inflation Reduction Act into law, one he said he had waited 18 months to sign. The…
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FDA Approves Some Over-the-Counter Hearing Aids
The action would make the industry more like eye care. The Food and Drug Administration has finalized a rule that will allow select hearing aids to be sold…
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Supreme Court Releases Ruling in Insurance Discrimination Case
Majority decides the law doesn’t describe what counts as “inadequate” coverage. This past week, the Supreme Court ruled that an Ohio hospital’s health plan did not violate federal…
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Hospitals Seek Congressional Help with Financial Challenges
Costs are up while Medicare payments are down. A new report from the American Hospital Association shows that massive growth in expenses and rising inflation are fueling continued…
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Senate Debate Begins on $3.5 Trillion Budget
Provisions include universal preschool and amnesty for millions. On Monday, Senate Majority Leader Chuck Schumer of New York said the Senate would begin debate on a $3.5 trillion…
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