Sen. Bill Cassidy on Monday proposed replacing enhanced Affordable Care Act premium tax credits with pre-paid health savings accounts. The Louisiana Republican’s proposal comes as lawmakers scramble to find a remedy for skyrocketing costs of Obamacare health insurance premiums. The boosted ACA tax credits, which this year have lowered the cost of Obamacare plans for…
People walk past a Prada storefront located in a modern shopping complex on January 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Chinese shoppers are returning to luxury. Top executives from Prada, Coach, EssilorLuxottica and Value Retail told CNBC they’re seeing demand in China stabilize after months of weakness,…
Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg | Bloomberg | Getty Images British government bond yields rose sharply on Friday following reports Finance Minister Rachel Reeves is no longer planning to raise income tax rates in the Autumn Budget later this month. The yield…
Kathy Ruemmler, former White House Counsel, appears on “Meet the Press” in Washington, D.C., Sunday, June 29, 2014. William B. Plowman | NBC Newswire | NBCUniversal | Getty Images Goldman Sachs on Thursday strongly backed its top lawyer, Kathy Ruemmler, a day after a congressional committee released her chummy emails with notorious sex offender Jeffrey…
U.S. Supreme Court Police stand behind security barriers in front of the Court building, which is obscured in construction scaffolding, on the first day of the Court’s new term on October 06, 2025 in Washington, DC. Chip Somodevilla | Getty Images A federal appeals court in Boston, for a second time, late Sunday flatly rejected…
A volunteer displays information on the Supplemental Nutritional Assistance Program (SNAP) at a grocery store in Dorchester, Massachusetts, US, on Monday, Nov. 3, 2025. Mel Musto | Bloomberg | Getty Images The U.S. Department of Agriculture, in a memo late Saturday evening, threatened to enact financial penalties on states that issued full monthly SNAP benefits…
US President Donald Trump makes an announcement in the Oval Office of the White House in Washington, DC on Nov. 6, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump on Thursday struck landmark deals with Eli Lilly and Novo Nordisk that could mark a turning point in how many people can access…
Top Senate Democrat Chuck Schumer on Friday offered a new plan to Republican lawmakers that would allow the U.S. government to reopen from a shutdown that began Oct. 1. But Republicans quickly dismissed Schumer’s proposal. That deal hinges on protecting enhanced Affordable Care Act subsidies for at least one year in exchange for Democrats dropping…
An EBT sign is displayed on the window of a grocery store on Oct. 30, 2025 in the Flatbush neighborhood of the Brooklyn borough in New York City. Michael M. Santiago | Getty Images The Trump administration asked a federal appeals court to issue an emergency block on a judge’s order that it pay 42…
Tim Robberts | Digitalvision | Getty Images Student loan forgiveness is a major relief for borrowers — many of whom have been in repayment for decades. But after receiving debt cancellation, there are key steps you should take, experts say. The Trump administration agreed last month to resume forgiving people’s education debts under programs that…
