Over 3 million insured individuals to benefit from premium discounts starting in 2025. The Department of Veterans Affairs (VA) will reduce life insurance premiums for over three million…
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House Speaker Seeks Plan B for Spending Bill
Contested measures include Congressional pay increase and funding for the Global Engagement Center. House Speaker Mike Johnson is looking for alternate options for the 3-month continuing resolution to…
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IRS Outlines Inflation-Adjusted Deductions for 2025 Tax Year
The standard deduction rises up to $15,000 for single and $30,000 for married taxpayers. The Internal Revenue Service (IRS) updated its standard deductions for U.S. taxpayers in 2025,…
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Supreme Court Declines Appeal by Former Pharma Executive
The court upholds the $64 million penalty, holding the former CEO liable for price gouging and fraud. The Supreme Court declined to hear an appeal filed by former…
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Dock Workers Union Extends Contract Through Mid-January
Parties will continue to negotiate outstanding details. The International Longshoremen’s Association (ILA) agreed late Thursday to extend its contract with the United States Maritime Alliance (USMX). “The union…
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USDA Awards $35 Million for Independent Meat Processors’ Expansion
The funding will construct new facilities, create 1,200 new jobs. The U.S. Department of Agriculture (USDA) is awarding $35 million to expand the processing capacity of 15 independent…
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Federal Reserve Board Cuts Prime Rate 50 Basis Points
The central bank was motivated by the change in the employment rate, among other factors. The Federal Reserve cut interest rates by half a point on Wednesday, an…
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HUD Announces Investment in Energy-Efficiency for Low-Income Housing
The funding will be distributed to renovate 4,260 homes on 32 properties. The Department of Housing and Urban Development (HUD) is distributing $19 million to 32 low-income housing…
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Energy Department Purchases Four Million Barrels for Petroleum Reserve
Energy secretary says the department is “maintaining the readiness of the world’s largest Strategic Petroleum Reserve.” The Department of Energy (DOE) announced that it purchased 4.65 million barrels…
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HHS Issues Final Guidance for Medicare Prescription Payment Plan
New initiative to ease out-of-pocket drug costs and cap annual expenses at $2,000 for Medicare beneficiaries by 2025. The Department of Health and Human Services (HHS), through the…
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