ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
While lawmakers grilled Robert F. Kennedy Jr. about his views on vaccines and abortion, President Donald Trump's nominee to lead the U.S. Department of Health and Human Services was also asked how he'd run the two largest government health insurance programs, Medicare and Medicaid. |
The hearing offered the public a glimpse of the Trump administration's plans for Medicaid, a federal-state health program for low income and disabled residents. While Trump vowed during the campaign to protect Medicare, he hasn't made the same promise about Medicaid. |
UnitedHealth hack reached 1 in 2 Americans |
The latest tally for the largest-ever health industry data breach just got a lot bigger. |
UnitedHealth Group now says hackers stole records of about 190 million people in last February's attack on its Change Healthcare subsidiary. The health care giant's updated figure is nearly twice as large as the company's previous estimate of 100 million victims. |
Interest rates unchanged, for now |
The Federal Reserve paused its interest rate cutting campaign Wednesday and gave no signal it plans to lower rates again in the near term, amid uncertainty spawned by inflation and Trump's economic policies. |
The decision to hold rates steady at a range of 4.25% to 4.5% could mark the beginning of an extended respite, as the Fed assesses the course of inflation and awaits details on Trump's trade and immigration plans. Alternatively, it could be a brief hiatus. |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | Democrats worry the Trump administration plans deep cuts to Medicaid. If confirmed, here's what Robert F. Kennedy Jr. plans to do. | | | | Large-scale attacks on health providers expose the data of millions of Americans each year. Consumers must remain vigilant, experts say. | | | | The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans. | | | | In a Tuesday earnings call, Starbucks chairman and CEO Brian Niccol said the company would be cutting its menu by 30% in the coming months. | | | | US stocks fall after the Fed held rates steady but suggested the inflation drop has stalled. Meta, Tesla and Microsoft report earnings after the bell. | | | | Flight operations not expected to resume until late Thursday morning, at the earliest, at Reagan National airport after plane crash Wednesday night. | | | | This sell-off mirrors past market panics over Chinese tech breakthroughs that ultimately proved premature. | | | | The suit was brought after Facebook, among other social media platforms, suspended Trump's account following the Jan. 6 insurrection that attempted to overthrow the 2020 election. | | | | The U.S. economy grew 2.3% in the fourth quarter as consumers again powered gains. Here's what the showing could mean for Fed plans for more rate cuts | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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