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Six Health Care Changes That Go Into Effect Soon
By David Knowles - AOL News
(Sept. 22) -- The wait is over. A new era of health care coverage in America is set to begin this week, when some provisions of the Patient Protection and Affordable Care Act officially begin to be enforced by law. Many of the changes will be phased in over the next several years, but the debate over whether the legislation is good for the country continues to rage on, especially as the November midterm elections draw near. President Barack Obama spent much of Wednesday touting the legislation's new "Patient's Bill of Rights," and, via the White House website, attempted to combat what the ...
Obama Pushes GOP to Side With Big, Bad Banks
By David Corn - Politics DailyHere's a hard political decision: Would you want to be seen as tough on the banks and financial institutions responsible for the collapse of the U.S. economy or be considered their patsy? Michael Steele and the GOP are saying, "We're with stupid!" That is, they are lining up with the banks against President Obama, who on Thursday proposed assessing the biggest banks a "financial crisis responsibility fee" that would raise money to pay off the bailout bill. Many financial institutions have indeed paid back TARP taxpayer money they received. But the government estimates that the unrecovered ...
Treasury to Auction Off Investments in Three Banks
By Christopher Weber - Politics DailyThe Treasury Department will auction off its remaining investments in three banks, freeing them from the federal bailout program, it was reported Friday. As part of last year's Troubled Asset Relief Program, the Treasury received warrants from JP Morgan Chase, Capital One Financial, and TCF Financial. By selling those warrants, which are similar to stock options, the government will release the lenders from TARP and raise up to $3.1 billion, the New York Times reported. One analyst predicts the warrants on JP Morgan alone could collect as much as $2.75 billion, which would bring a profit for ...
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