As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 16 years. With the April 12 release of the March inflation figures by the Bureau of […]
News from Washington Democrats Face Steep Odds in Bid to Keep Senate Democrats are staring down an increasingly difficult Senate landscape as national political headwinds threaten to sweep away what they believe is their best chance to hold at least one chamber of Congress. With hopes for holding their House majority dimming quickly, Democrats see […]
News from Washington Biden Unveils $5.8 Trillion Budget Proposal with Tax Hikes, Spending Boosts President Biden unveiled ambitious proposals to reduce the nation’s deficit over the next decade with tax hikes targeting the wealthy, while outlining boosts for military and domestic programs as part of a $5.8 trillion plan to fund the government for fiscal 2023. […]
News from Washington With Democrats’ Health Agenda Stalled, Lawmakers Turn to Insulin Democrats who have hit a wall on achieving sweeping drug price reforms are pushing a narrower policy fix they hope will bolster the midterm fortunes of key members. Sen. Chuck Schumer (D-NY) announced a plan on March 22 to bring legislation to the […]
News from Washington Biden Signs $1.5 Trillion Government Funding Bill With Ukraine Aid President Biden has signed into law a sweeping $1.5 trillion bill that funds the government through September and provides billions in assistance for Ukraine amid the Russian invasion. After months of negotiations, the final text of the funding bill was introduced just last […]
News from Washington Biden Signs Stopgap Funding Bill to Avert Shutdown President Biden on Friday signed legislation to fund federal government operations in the short term, averting a government shutdown before a midnight deadline. The continuing resolution Biden signed funds the government through March 15, buying time for a sweeping $1.5 trillion government funding bill […]
News from Washington Manchin Proposes Dramatically Scaled Down Version of Build Back Better Sen. Joe Manchin (D-WV) laid out a dramatically scaled down version of President Biden’s “Build Back Better” plan that he says he could vote for under the special budget reconciliation process. The Senator clarified he hasn’t made any formal counter proposal to the […]
News from Washington Biden Extends COVID-19 National Emergency President Joe Biden has decided to extend the designation of COVID-19 as a national emergency. The national emergency was first declared March 13, 2020, and was set to expire on March 1, 2022, had President Biden not chosen to extend it. In a Feb. 18 letter to […]
News from Washington Senate Sends Biden Bill Averting Federal Shutdown On February 17, the Senate gave final approval to legislation averting a weekend government shutdown, sending President Joe Biden a measure designed to give bipartisan bargainers more time to reach an overdue deal financing federal agencies until fall. The House easily approved the legislation a […]
News from Washington House Passes Stopgap Bill to Prevent Shutdown The House passed a stopgap measure to extend federal government funding until March 11 to prevent a shutdown when current government funding expires February 18. The Senate is expected to act swiftly on the legislation. The legislation buys congressional negotiators on both sides of the […]