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  • Competing views on IRS treatment of tea party

    WASHINGTON (AP) — After investigating the IRS for more than a year, two key senators — a Democrat and a Republican — disagree on whether the tax agency treated conservative groups worse than their liberal counterparts when they applied for tax-exempt status. The Senate's subcommittee on...

  • New York health insurance rates to rise in 2015

    ALBANY, N.Y. (AP) — New York insurance regulators have approved higher health insurance rates for 2015, though the increases are smaller than what the industry wanted. The increases also apply to health insurance offered through the state's new health benefits exchange, according to the state's...

  • Detroit official: Debt plan 'adjustments' possible

    DETROIT (AP) — Detroit's chief financial officer acknowledged Thursday that officials may have to make "adjustments" to a plan aimed at reducing the bankrupt city's debt if future revenues come in lower than projected. John Hill Jr. was the first witness called during a trial that began this...

  • State may not have enough money for Scott's plans

    ST. PETERSBURG, Fla. (AP) — Florida Gov. Rick Scott has been crossing the state this past week, vowing at campaign stops that if he's re-elected he will enact another $1 billion in tax cuts over the next two years. Scott has said he can enact the tax cuts as well as boost spending on education...

  • Reid promises new vote on expired green energy tax cuts

    The Senate majority leader told a green energy conference Thursday he'll take up legislation by the end of this year.

  • West Point Navistar to upgrade MRAP vehicles

    WEST POINT, Miss. (AP) — The Navistar Defense plant at West Point, Mississippi, will upgrade the Army's Mine Resistant Ambush Protected vehicles as part of a $38.4 million contract. U.S. Sen. Thad Cochran, R-Miss., says in a news release Thursday that Navistar will make repairs that will result...

  • Some Florida families to get tuition refunds

    TALLAHASSEE, Fla. (AP) — Thousands of Florida families with pre-paid tuition plans are going to get refunds or see a drop in their payments. The board that oversees the state's popular prepaid college plan approved new prices for the upcoming year on Thursday. Those prices will drop some plans...

  • Creditor wants 75 cents on dollar for Detroit debt

    DETROIT (AP) — An attorney for one of Detroit's creditors told a judge overseeing the city's historic bankruptcy Wednesday that Detroit could afford to pay 75 cents on the dollar to settle its debt if it sold some masterpieces from the art museum. But an attorney for Detroit told federal Judge...

  • Government actuaries see Obamacare driving up healthcare costs over next decade

    Health spending grew at a relatively slow rate in 2013, according to a government analysis released on Wednesday, but it is expected to accelerate over the next decade as the economy improves, baby boomers retire, and more Americans gain coverage through President Obama's healthcare law.

  • CHART: Government share of U.S. health spending surging under Obamacare

    The government's share of U.S. health spending is expected to surge over the next decade as President Obama's healthcare law expands insurance coverage and more Americans become eligible for Medicare, according to a report from actuaries at the Centers for Medicare and Medicaid Services published...

  • Big banks required to hold $100 billion more in liquid assets to protect against panics

    An official at the Federal Reserve said the new measure would ensure that banks hold enough assets that "can be converted quickly and easily into cash in the amount needed" to avoid having its assets tied up when a creditor demands payment.

  • $60M plant to turn sugarcane waste to sugars, fuel

    MATHEWS, La. (AP) — A Helsinki company's U.S. subsidiary plans a $60 million plant in Louisiana to turn sugar cane waste into industrial sugars and biofuels. Gov. Bobby Jindal and Virdia Inc. managing director Otavio Pontes said Tuesday the project will create 120 construction jobs and 81...

  • Attorney: Detroit needs debt plan to survive

    DETROIT (AP) — The plan to restructure billions of dollars in debt is the vehicle the Motor City needs to free up funds to provide services to residents and allow the city to survive, one of Detroit's attorneys told the federal judge at the helm of the historic bankruptcy trial, which started...

  • NYC: Sandy home repair program starts 535 projects

    NEW YORK (AP) — A Superstorm Sandy home-repair effort that was criticized for a sluggish start has now begun work on 535 homes, surpassing a goal set to show a turnaround, Mayor Bill de Blasio said Tuesday. Much more work remains for the Build It Back program — an estimated 15,000 to 20,000...

  • Health care spending in Massachusetts on the rise

    BOSTON (AP) — A new report Tuesday offered a mixed diagnosis on health care costs in Massachusetts, finding that while total spending continued to grow faster than inflation, the increase stayed well within parameters set by the state. The Center for Health Information and Analysis, created by...



From the Weekly Standard