A Supreme Court decision today will result in the United States Federal Government to pay “more than $12 billion” to insurance companies as a result of a “now-expired” Affordable Care Act program. Under a program known as “Risk Corridors”, the Affordable Care Act encouraged insurers to sell insurance plans on…
Iran President ‘Closely Monitoring US Actions’, Responding to President Trump Tweet
April 26, 2020
Iran President Hassan Rouhani says “The Islamic Republic of Iran closely monitors and pursues the Americans’ activities, but will never initiate any conflict or tension in the region”. The Iranian President’s statement comes in response to a President Trump tweet earlier this week, in which the U.S. President tweeted he…
CBO Projects Federal Budget Deficit to Reach $3.7 Trillion This Year
April 25, 2020
The Congressional Budget Office (CBO) projects the federal deficit to be “roughly $3.7 trillion in fiscal year 2020”. At the beginning of March, projections for the year’s deficit was just over $1 trillion. Since then, passing of the CARES Act has been estimated to increase federal deficits “by about $1.8…
USMCA to Officially Enter into Force July 1
April 25, 2020
The United States-Mexico-Canada Agreement, or USMCA, will officially enter into force on July 1, 2020. Signed by President Trump on January 29 of this year, U.S. Trade Representative Robert Lighthizer notified Congress yesterday “that Canada and Mexico have taken measures necessary to comply with their commitments” as dictated by the…