Articles
DOL fiduciary future murky as Fifth Circuit tosses appeal
The Department of Labor fiduciary rule is again on the ropes after the Fifth Circuit Court of Appeals dismissed the government’s appeal Friday. The appeal was a holdover from the Biden administration, and the government withdrew it earlier in the week. The appeal concerned only the lower-court stay of the Sept. 23, 2024, effective date […]
Congress races Dec. 31 clock on expiring ACA subsidies
Congress returned to Washington this week after the Thanksgiving break, and observers are waiting to see whether a health care deal will emerge by the end of the year. The Senate is expected to vote this week on two proposals: one supported by Democrats and the other a Republican alternative. Senate Democrats haven’t announced details […]
Lawsuit blames Big Oil for climate-driven insurance rate hikes
Washington state homeowner’s insurance rates increased by 51% over the past six years. In a new lawsuit, a pair of residents say oil companies are to blame for driving climate change. Filed Nov. 25 in the U.S. District Court for the Western District of Washington, the lawsuit seeks class action status and names Exxon Mobil, […]
Will Trump accounts lead to a financial boon? Experts differ on impact
Tuesday’s announcement of a massive private donation to expand President Donald Trump’s “baby accounts” renewed the debate over how effective the seed investment will be. Michael and Susan Dell are donating $6.25 billion to create about 25 million additional “Trump Accounts” for children across the country. Michael Dell joined Trump at the White House Tuesday […]