Obama says businesses will hire more workers if Congress passes health care packageWASHINGTON — As the unemployment rate climbs, President Barack Obama is trying to make the case that his health care overhaul would create jobs by making small business startups more affordable. Senate health care bill could lead to higher Medicare prescription drug costs for seniorsWASHINGTON — Medicare recipients could see higher premiums for prescription drug coverage as a result of changes to complex provisions in a Senate health care bill, a senior Republican said Friday. Retirement Q&A: Required Minimum DistributionsWhen you reach 70½ and you have IRAs or certain other tax-deferred retirement accounts, the IRS requires you to take out some of the money to begin paying the taxes. Failure to make a mandated withdrawal, called a required minimum distribution, or RMD carries a tax penalty of 50 percent on the amount to be taken out. Because many accounts were hit hard by the drop in the stock market over the past year, the government approved a one-year waiver of the withdrawal requirement. Here are four questions about required minimum distributions and the IRS answers: Relief from required retirement account distributions helpful but temporaryDES MOINES, Iowa — Hundreds of thousands of retirees have more money in their accounts thanks to a one-time waiver of a government required withdrawal that kicks in after age 70. Seniors want to know: What would health care overhaul do to Medicare?CHICAGO — Businessman Stewart Grill, 75, believes there’s waste in Medicare. He’s just skeptical Congress can find and eliminate it without touching what he likes about his government health care plan. Conn. officials demand to know if insurers discussed proposed health reform with policyholdersHARTFORD, Conn. — Connecticut officials demanded to know Friday if the state’s five largest insurance companies have sent policyholders information about a possible impact on Medicare of health care changes debated in Washington. Economic recovery looks weak as data on jobs, incomes and manufacturing miss expectationsWASHINGTON — The economy is having growing pains. Finance Committee senators agree to let states negotiate health plans for the poorWASHINGTON — Senators trying to make health care more affordable want to let state governments negotiate basic coverage plans for some lower-income people. Democrats turn back GOP health bill tax amendments as Sen. aims to finish debate by nightfallWASHINGTON — Rejecting Republican amendments, Democrats turned back GOP efforts to cast the health care overhaul as a tax hike on the middle class Thursday, as a crucial Senate panel aimed to wrap up debate on the measure by nightfall. Democrats turn back GOP health bill tax amendments as Baucus aims to finish panl work ThursdayWASHINGTON — Rejecting Republican amendments, Democrats turned back GOP efforts to cast the health care overhaul as a tax hike on the middle class Thursday, as a crucial Senate panel aimed to wrap up debate on the measure by nightfall. Delinquencies on home equity loans, bank cards hit record highs in 2nd quarterNEW YORK — Delinquency rates for three key consumer loan categories hit record highs in the second quarter, according to data released Thursday by the American Bankers Association. Baucus says has ‘high hopes’ of finishing work on health bill Thursday; final vote next weekWASHINGTON — The chairman of the Senate Finance Committee said Thursday he wanted to complete work on a sweeping health care bill by nightfall, opening the way for Democratic leaders to bring the historic legislation to the floors of both the House and Senate as early as mid-October. Consumer spending surges by largest amount in nearly 8 years in August but incomes lagWASHINGTON — Consumer spending, propelled by the wildly popular Cash for Clunkers auto sales program, shot up in August by the largest amount in nearly eight years even though personal incomes continued to lag. Democrats eye mid-October launch for health care debate in the full House and SenateWASHINGTON — Historic health care legislation could be on the floor of both houses of Congress as early as mid-October as Democrats work to answer President Barack Obama’s call for greater protections for those who have unreliable insurance or no coverage at all. Health care vote predicted soon by Senate panel; GOP challenges swept aside as emotions riseWASHINGTON — A White House-backed overhaul of the nation’s health care system weathered repeated challenges from Republican critics over taxes, abortion and more on Wednesday, and the bill’s architect claimed enough votes to push it through the Senate Finance Committee as early as week’s end. Federal Reserve report says 1 in 3 loan applications denied in 2008; lenders raised standardsWASHINGTON — Nearly one in three borrowers who applied for a mortgage last year was denied as lenders kept their standards tight as the mortgage crisis accelerated, the government reported Wednesday. AirTran Airways bolsters cash position, extends credit card processing agreementATLANTA — The parent of discount carrier AirTran Airways said Wednesday it has reached deals to extend its credit card processing agreement with its largest card processor and to give itself more financial flexibility. Wal-Mart Stores will offer 100 toys for $10 during holiday seasonBENTONVILLE, Ark. — Wal-Mart Stores Inc., the world’s largest retailer, said Wednesday it will offer more than 100 toys at $10 during the key holiday season. Commission’s recommendations for new Calif. business tax faces criticism from lawmakersSACRAMENTO, Calif. — A state commission is expected to submit a report Tuesday to Gov. Arnold Schwarzenegger and lawmakers that recommends bold changes to California’s tax system. But it’s being met by political skepticism before the ink dries. Will health care overhaul weaken the safety net for seniors, or help heal Medicare?WASHINGTON — Medicare is looking like a big fat piggy bank for health care overhaul. Fed moves ahead on Congress’ plan to better protect Americans from credit card abusesWASHINGTON — The Federal Reserve proposed rules Tuesday to better protect Americans from sudden hikes in interest rates on credit cards. Early retirements swamp Social Security, easing federal benefit program into projected deficitWASHINGTON — Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that’s happened since the 1980s. Schwarzenegger calls on Legislature to give tax panel’s plan a fair hearing, finish this yearSACRAMENTO, Calif. — A proposal to dramatically reshape California’s tax system drew criticism Tuesday from across the political landscape, even before the Legislature begins considering the plan. Ind. police arrest 2 suspected of crashing wedding, stealing cash-filled cards from newlywedsSEYMOUR, Ind. — Police in southern Indiana have arrested two people suspected of crashing a wedding and taking off with a wire bird cage that held cards for the newlyweds filled with cash, checks and gift cards. Big job losses, spike in early retirements claims from seniors swamp Social Security systemWASHINGTON — Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that’s happened since the 1980s. Social Security swamped by early retirement claims, pushing program into projected deficitWASHINGTON — Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that’s happened since the 1980s. Newspaper finds many US dialysis patients not told about kidney transplant option firstPITTSBURGH — A Pittsburgh newspaper says it has found that thousands of kidney patients in the United States start dialysis without first being told of kidney transplants that would be cheaper and lead to longer lives. Private research group says consumer confidence retreats in September amid job worriesNEW YORK — Cconsumers’ confidence in the economy falls in September as Americans’ worries about job security offset any enthusiasm about the rally in the stock market. Report: Tax commission looks to replace sales, corporate taxes to stabilize Calif. revenueSACRAMENTO, Calif. — A commission charged with updating California’s tax system is making bold recommendations to the governor and Legislature. Get older, pay higher health premiums: Congress tries to figure out a fair equationWASHINGTON — Old people get sick more than young people, and in most states that adds up to them paying a lot more for their health insurance premiums. |
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