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…
Read MoreInflation
Federal Chief Economists Respond to Mortgage Rates Increasing
The housing market continues to experience challenges. The Federal Home Loan Mortgage Corporation (Freddie Mac) reported that the average rate for a 30-year-fixed-rate mortgage neared 7 percent this…
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FTC Issues Refunds to Consumers Misled by Credit Karma’s False “Pre-Approval” Claims
Refunds target misleading credit offers promising high odds of approval. The Federal Trade Commission (FTC) is distributing more than $2.5 million to nearly 51,000 consumers misled by Credit…
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Energy Department Replenishes SPR with Final Oil Purchase
2.4 million barrels purchased for $75 per barrel delivered to facility. The Department of Energy (DOE) announced that it has fully replenished the U.S. Strategic Petroleum Reserve (SPR). President…
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Federal Reserve Cuts Interest Rates
It is the second consecutive rate cut since inflation has begun to flatten. The Federal Reserve met for its final meeting of 2024, opting to reduce banking interest…
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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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Pharmaceutical Companies Request Recusal of FTC Chair from Insulin Case
They claim she and other commissioners are prejudiced against pharmaceutical companies. This week, the top three pharmaceutical companies in the United States requested that Lina Khan, chair of…
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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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HHS Adds 54 Drugs to Medicaid Drug Rebate Program
Drugs will have a lowered coinsurance rate for 822,000 enrollees. The Department of Health and Human Services (HHS) announced that 54 drugs have been added to Medicaid’s Drug…
Read MoreFederal 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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