Tag Archives: House

After recently overhauling a “glitch” in the Affordable Care Act (ACA), the Biden administration is now addressing another issue plaguing the American health care system: medical debt. On Monday, Vice President Kamala Harris announced the administration’s four-step plan aimed at increasing consumer protections for Americans billed for health care costs. These measures include holding medical providers and debt collectors “accountable for harmful practices,” reducing the role medical debt… Source link

The House of Representatives voted Wednesday evening to hold two former Trump administration officials in criminal contempt of Congress for refusing to cooperate with the select committee investigating the Jan. 6, 2021, insurrection at the U.S. Capitol The aides — former White House trade adviser Peter Navarro and former White House deputy chief of staff Dan Scavino Jr. — will now be referred to the Justice Department for possible criminal charges. If indicted, they could face up to 12… Source link

A retirement reform plan known as “SECURE 2.0” is finally on the move again on Capitol Hill. The bill, known formally as the Securing a Strong Retirement Act of 2022, was passed by the House of Representatives Tuesday in an overwhelming 414 to 5 vote. “Oftentimes in this chamber you will hear the phrase transformative,” said Ways and Means committee chairman Richard Neal (D-MA) as the bill neared passage. “Sometimes it’s hyperbolic but on this occasion, this is transformative… Source link

Former Google CEO Eric Schmidt’s foundation poured money into the White House Office of Science and Technology Policy over the past year, according to a report from Politico. The foundation’s close ties with the office raised ethics concerns with internal watchdogs. Schmidt held a number of roles at Google and parent company Alphabet, including CEO, executive chairman, and technical advisor. He stepped down from that last role in 2020. Now, he sits on the boards and invests in tech… Source link

On Monday, the White House formally proposed a new minimum tax on billionaires. The proposal is sure to generate fierce opposition from Republicans and others and would include a minimum rate for all Americans with a wealth of more than $100 million. If enacted, the minimum rate would be 20% of this group’s total annual income. Unrealized gains — such as unsold stocks and bonds — would be included in the total. In a statement announcing the provision that comes as part of its budget… Source link

After a prolonged back and forth, Congress passed a $1.5 trillion government spending bill last week but dropped from the final package $22.5 billion in pandemic relief that Democrats wanted to include. On Tuesday, the same day as President Joe Biden signed the 2,741-page bill into law, his aides warned that the omission could “have severe consequences as we will not be equipped to deal with a future surge.” The U.S. could soon run out of funding for COVID responses such as booster shots,… Source link

Russian President Vladimir Putin is now determined to ruthlessly crush Ukrainian resistance no matter what the cost to his country, and the Ukrainians fighting Russian forces will “all die,” says a former CIA station chief in Moscow. In an interview on the Yahoo News “Skullduggery” podcast, Daniel Hoffman — for years one of the CIA’s top experts on Russia — said the Russian president is “not the Vladimir Putin I was tracking back in the day at the CIA. He’s a different… Source link

On Wednesday afternoon, just hours before Vladimir Putin launched a long-planned attack on Ukraine, a top White House official joined Yahoo Finance Live to preview the planned sanctions against Russia. Daleep Singh, White House Deputy National Security Advisor for International Economics, underlined that the plan will be wide-ranging — and that crucial American economic allies will be on board to make the measures stick. His comments echo those made by White House press secretary Jen Psaki Source link

The Biden administration is preparing to release a government-wide strategy to regulate cryptocurrencies as early as February, with the market in the over the Federal Reserve’s fight against inflation. According to an administration official, the forthcoming National Security Council (NSC) memorandum will task federal agencies to assess the risks and opportunities that crypto poses, and delve into the details of a central bank digital currency. The move will also review the impact of… Source link

The House select committee investigating the deadly Jan. 6 Capitol riot has subpoenaed the parent companies of Google and Facebook as well as social media giants Twitter Inc. and Reddit, the panel’s chairman said Thursday. “Two key questions for the Select Committee are how the spread of misinformation and violent extremism contributed to the violent attack on our democracy, and what steps — if any — social media companies took to prevent their platforms from… Source link