Clarifies wage and apprenticeship standards for Regional Clean Hydrogen Hubs program participants. The Internal Revenue Service (IRS) released its final rules for its Clean Hydrogen Production Tax Credit,…
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Medicare Cost for 64 Drugs Decreases
The savings under the Inflation Reduction Act are anticipated to benefit 853,000 enrollees. Starting January 1, 2025, Medicare enrollees will see reduced coinsurance rates for 64 drugs under…
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VA to Reduce Life Insurance Premiums for Veterans, Service Members, and Families
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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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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