I have written previously and at length about the need to focus on economic growth, but there is no more high-volume, self-assured advocate for any cause than New York Senator Chuck Schumer. In a breathtaking speech, Schumer argued that Democrats "blew the opportunity the American people gave them.” He continued “We took their mandate and put all our focus on the wrong problem -- health care reform.”
Every policy issue has its day in the sun or, perhaps, its grilling under the hot lights. Such is the fate of the Terrorism Risk Insurance Act (TRIA). TRIA was established in the aftermath of the terrorist attacks of September 11, 2001 to provide a financial backstop to commercial insurers offering insurance against terrorist risks.
The administration released its 2015 regulatory agenda. As has become habit, it appeared (when it appears at all) late — very late — on a Friday. The methodical burying of the Unified Agenda suggests that President Obama understands that his regulatory record is not an asset with the American people.
In March, President Obama directed the Department of Labor to revise labor rules in order to expand the number of people eligible to receive overtime pay.
The president is planning to announce his long-threatened “executive action” on immigration tonight. This move will exacerbate the already-difficult politics of immigration reform.
The Federal Housing Administration (FHA) provides a taxpayer backstop for low down payment mortgages. For this reason, it absorbed enormous losses in the Great Recession, to the point that it depleted its capital reserves and required a $1.7 billion bailout from the Treasury Department last year to bolster its finances. In turn, this has led to calls for FHA reform.
This afternoon the House Financial Services Committee will hold a hearing with key insurance regulators on the issue of international regulatory standards. Insurance is boring. International regulatory standards are more boring. International regulatory standards for insurance is the zombie death walk of policy issues.
Quietly a threat to the holiday season is brewing on the West Coast. The International Longshore and Warehouse Union (ILWU) has been working the ports without a contract since July 1, while negotiations have been continuing with the management group — the Pacific Maritime Association. (PMA).
On Monday, the Department of Health and Human Services (HHS) released a five page report aimed at lowering expectations for Obamacare’s second open enrollment period. Although really, how much lower can expectations get? Specifically HHS is projecting that total enrollment through the health insurance marketplace will be between 9 and 9.9 million people at the end of the open enrollment period kicking off this weekend.
Even before the Republicans wrested away control of the Senate in the midterm elections, Republicans and Democrats in Congress had united in opposition to the Affordable Care Act’s (ACA's) medical device tax. The 2.3 percent tax on sales of medical devices is a policy lemon.