In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar. Its passage had
See the most expensive homes sold in the Des Moines metro in 2024 A look at the most expensive homes sold in Polk, Dallas, and Warren counties. Home mortgage interest rates are unlikely to drop anytime soon, despite comments by the Chicago Federal Reserve CEO during a recent Des Moines visit that rates could drop
Bob Herman covers health insurance, government programs, hospitals, physicians, and other providers — reporting on how money influences those businesses and shapes what we all pay for care. He is also the author of the Health Care Inc. newsletter. You can reach Bob on Signal at bobjherman.09. Hospitals, physician groups, and nursing homes across 15
House Speaker Shekarchi describes priorities in new $14.3B RI budget House Speaker K. Joseph Shekarchi describes the priorities in new $14.3B state budget Rhode Island House Democrats proposed a $14.3 billion budget that increases health care funding without raising income taxes on the wealthy. The budget includes a tax on second homes valued over $1
The Senate Banking Committee would shut off the Consumer Financial Protection Bureau’s funding stream from the Federal Reserve to provide the vast majority of deficit reduction in reconciliation provisions released Friday. The panel posted an eight-page text that would restrict the CFPB from requesting a transfer from the Fed, according to a section-by-section explanation of
The Trump brand has been used to hawk cryptocurrencies, Bibles, steaks and guitars. Now the president’s media company is laying the groundwork to sell investment funds. Trump Media & Technology Group Corp., which is majority owned by Donald Trump, plans to sell offerings tied to his agenda. The parent of the Truth Social platform, where
Referencing Trump’s business moves while in office, an ethics expert said, “His is one of the most blatant and appalling instances of selling access to the presidency I’ve ever seen.” Trump hosts crypto dinner for biggest $TRUMP coin buyers The president hosted top investors in his meme coin and rewarded the biggest buyers with gifts
At a “crypto summit” on Tuesday held by Eric Adams — the controversial mayor of New York City who recently escaped several federal corruption charges — crypto CEOs and investors made an open plea: please get rid of state crypto regulations so we can write our own and turn the Big Apple into a “crypto
DOJ criminal probe investigates UnitedHealth Group for Medicare fraud The Wall Street Journal reported the Department of Justice is investigating UnitedHealth Group for possible Medicare fraud. UnitedHealth Group UNH.N investors, stunned by missteps at the once predictable healthcare giant, are warily expecting strategic changes in its Medicare Advantage health insurance business over the next year. On Wednesday,
“When somebody concentrates all power into their hands, then of course that person will be held responsible for their mistakes,” said one SPD politician, speaking on condition of anonymity to discuss internal party matters. In the past, Klingbeil could always blame the party’s failures on others — including Olaf Scholz’s unpopularity — said the parliamentarian.