All articles tagged with #government programs
Originally Published 26 days ago — by CNBC
Ray Dalio and his wife Barbara are supporting the 'Trump accounts' initiative, which provides government seed money and private donations to help build wealth for children, particularly in lower-income areas, as part of a broader effort to promote generational wealth and opportunity in the U.S.
Originally Published 2 years ago — by STAT
Elizabeth Holmes, founder of Theranos, has been banned from federal health programs for 90 years following her conviction for fraud related to the inaccurate and faulty blood-testing claims made by her startup. The Health and Human Services Department can exclude individuals convicted of certain felonies from Medicare, Medicaid, and Pentagon health programs, essentially barring them from working in the broader health care system. The ban is a result of "certain aggravating factors" such as the longevity of Theranos' fraud and Holmes' imprisonment. This decision comes after a trial that determined the unreliability of Theranos' testing technology, which had raised hundreds of millions of dollars and involved partnerships with prominent entities before its downfall.
Originally Published 2 years ago — by Washington Examiner
The US could face an economic crisis in June if Congress fails to raise the debt ceiling before the deadline, which would affect many US households and government programs. If an agreement is unable to be reached in time, government programs such as Social Security, veteran benefits, and healthcare programs could be affected. Other possible effects of the default on US households include a decrease in the country's credit rating, an increase in interest rates, and a potential uptick in unemployment.
Originally Published 2 years ago — by The Hill
French President Emmanuel Macron raised the retirement age in France from 62 to 64 without waiting for a legislative vote, sparking widespread outrage. Some lawmakers in the U.S. have floated the idea of raising the retirement age amid rising concerns about whether the government can sustain programs such as Social Security and Medicare. A bipartisan group of senators is tasked with holding discussions of making changes to Social Security in order to increase the program’s longevity, including considering the retirement age and raising the taxable wage gap. Some Republicans have suggested that the U.S. begin talks on changing the retirement age, which currently stands at a minimum of 62 years to receive Social Security benefits.