Forex Today: Markets look forward to Fed remarks and US House decision on funding bill
Here’s the latest for Wednesday, November 12th. The United States dollar (USD) had a tough time finding demand on Tuesday but saw some stabilization early on Wednesday. With no major economic data due for release, investors are likely to focus on comments from Federal Reserve officials and the upcoming House vote on a funding bill […]
Supreme Court decides to support Trump administration’s delay in SNAP funding
Supreme Court Supports Trump Administration’s SNAP Funding Pause The United States Supreme Court has ruled in favor of the Trump administration’s request to extend the suspension of the order that completely funds food assistance benefits for several days. Previously, U.S. District Judge John McConnell from Rhode Island mandated that the government fully fund the Supplemental […]
Biden’s Arctic Frost surveillance of lawmakers could be costly for the government due to a significant provision in the funding bill.
Republican Lawmakers Move Forward with Government Reopening Bill Republican lawmakers approved a bill late Monday that aims not only to reopen the government but also to potentially retaliate against the Biden administration’s FBI operation known as Arctic Frost. Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) released documents last month detailing the Biden FBI’s Arctic Frost […]
Around 400,000 Californians may lose access to Covered CA if Congress does not continue funding.
San Francisco – A Critical Moment for Covered California This year’s discussion around Covered California emerges amid significant uncertainties. If Congress chooses not to extend specific tax credits, the implications could be serious. In fact, a potential government shutdown might drive premiums up for many healthcare policyholders. Under current agreements, a substantial number of Californians […]
Senate Approves Funding Bill to Prevent Schumer Shutdown
Senate Passes Resolution to Reopen Government After Historic Shutdown The Senate approved a continuing resolution on Monday night, effectively ending a government shutdown that lasted 40 days—the longest in history—the week following Democratic initiation of the crisis. This 60-40 vote concludes a challenging period for Democrats, but the internal struggle regarding the party’s identity and […]
Senate approves updated government funding bill and returns it to the House
Senate Passes Stopgap Funding Bill to Avert Government Shutdown On Monday, the Senate approved amendments to a temporary funding bill designed to prevent a government shutdown, which now heads back to the House for review as its members return to Washington. All Republican senators, minus Rand Paul from Kentucky, along with eight Democrats, supported the […]
Senate approves a cooperative funding measure, paving the way for the government to reopen this week.
Government Shutdown Stalemate Ends with Bipartisan Agreement The prolonged deadlock over the government shutdown officially concluded late Monday night, paving the way for Congress to reopen the government later this week. Senators successfully advanced a bipartisan funding package after several Senate Democrats diverged from party lines, collaborating with Republicans to push for the government’s reopening. […]
Suggested hemp prohibition included in federal funding legislation might delay resolution of government shutdown
Proposed Cannabis Ban in Funding Bill Raises Concerns WASHNGTON — What’s going on here? A proposed ban on cannabis could potentially eliminate the sale of many popular THC gummies, vapes, and even beverages. This ban is tucked into a government funding bill, and it might jeopardize attempts by lawmakers to resolve the longest government shutdown […]
The $18,000 Red Flag: How the Social Security Funding Shortage Poses Risks to Your Retirement
Potential Social Security Cuts Looming for Retirees If you’re a married couple nearing retirement—or already retired—there’s a warning that you might face a significant drop in Social Security benefits, possibly over $18,000 annually. This could happen if Congress doesn’t shore up the trust fund’s solvency by 2033. Additionally, the Medicare Hospital Insurance Fund is projected […]
House Democrats do not succeed in prolonging COVID-19 era Obamacare assistance in funding bill
On Monday, House Democrats made a final attempt to extend emergency Obamacare subsidies established during the pandemic. Rep. Glenn Ivey from Maryland addressed the almost empty chamber, urging for unanimous consent on extending the ACA tax credits—essentially the Obamacare subsidies. If his motion had been successful, the bill could have moved forward without a formal […]