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Showing posts with the label billion

Biden to announce how $40 billion for high-speed internet will be used, as he pitches 'Bidenomics'

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President Joe Biden plans to on Monday announce how $42.5 billion from the bipartisan infrastructure law will expand high-speed internet access, the White House said. President Joe Biden Monday plans to announce how $42.5 billion from the bipartisan infrastructure law he championed will be distributed to expand high-speed internet access across the country, the White House said. The funding will go to all 50 states, Washington, D.C., and U.S. territories, and is aimed at bolstering internet access particularly for the 7% of people who live in underserved areas, according to the White House. With White House remarks announcing the funding, Biden and Vice President Kamala Harris plan to kick off a three-week pitch aimed at touting their administration's investments across the country -- from the 2021 infrastructure law and a host of other legislation they argue is starting to make concrete improvements in Americans' lives. Orange County Public Library warehouse manager Sal C...

DOJ announces 78 people charged over $2.5 billion in false health care billings

The $2.5 billion in false billings marks one of the health care fraud schemes ever prosecuted by the Justice Department, according to Attorney General Merrick Garland. The Justice Department on Wednesday announced a nationwide health care fraud crackdown that resulted in charges against 78 defendants in separate schemes that totaled more than $2.5 billion in alleged fraudulent billings, marking what Attorney General Merrick Garland called "one of the largest health care fraud schemes ever prosecuted by the Justice Department." The charges across 17 separate federal districts include cases against at least 24 doctors, nurses and other licensed medical professionals accused of various schemes defrauding programs in which the victims largely included those in vulnerable populations -- including the elderly, disabled, pregnant women and those with HIV. As part of the coordinated law enforcement actions between the DOJ, FBI, DEA, HHS Inspector General and other agency partners, th...

Trump inflated his net worth by $3.6 billion, NY attorney general says

Former President Trump inflated his net worth by at least $3.6 billion, the New York attorney general’s office said. Former President Donald Trump inflated his net worth by at least $3.6 billion, the New York attorney general’s office said in a new court filing Friday, a sum far larger than earlier estimates. The filing is part of the state’s $250 million civil lawsuit against Trump, his eldest sons, his Business and some of its top executives. Trump and the others have denied wrongdoing but the attorney general’s office has previously said they i NFL ated asset values by hundreds of millions of dollars each year by adding square footage that did not exist, flouting development restrictions or disregarding appraisals that came in lower than expected. MORE: Judge says New York AG's $250M lawsuit against Trump will proceed without delay Accounting for those allegedly fraudulent valuations, the attorney general’s office estimated Trump overstated his net worth between 17% to 39% dep...

Senate Republicans seek concessions on Biden's $106 billion request for aid to Israel, Ukraine

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Senate Republicans are seeking concessions on President Joe Biden's $106 billion request for aid to Israel and Ukraine. Senate Republicans made clear Tuesday they hope to make some major modifications to President Joe Biden's $106 billion national security funding request that includes aid to Ukraine and Israel. "It's pretty clear that the supplemental that was sent over is just a starting point," Senate Minority Leader Mitch McConnell said at a press conference Tuesday. "We are going to go over it with a fine tooth comb." Now, just days after the request arrived on the hill, Senate Republicans are drawing lines in the sand with a particular focus on modifying policies at the southern border. Their aim is to extract policy wins while crafting a bill that would be most palatable to their House colleagues. MORE: Biden's foreign aid package with $14B for Israel, $60B for Ukraine heads to Congress The Senate Appropriations Committee will likely be ...

FTC proposes new rule to ban junk fees, potentially saving consumers 'tens of billions'

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The Federal Trade Commission is proposing a new rule that seeks to eliminate junk fees -- hidden costs that can unexpectedly push up prices consumers pay at checkout. The Federal Trade Commission is proposing a new rule that seeks to eliminate junk fees -- those hidden costs that can unexpectedly push up prices consumers pay at checkout. The proposed rule would apply to many industries across the economy, including event tickets, hotels and apartment rentals. If the rule goes into effect, companies that continue to charge these fees could be fined and forced to pay back consumer s. Stock photo of U.S. dollars. STOCK PHOTO/Getty Images MORE: Sam Bankman-Fried thought he had 5% chance of becoming president, ex-girlfriend says The FTC says the far-reaching rule could save consumer s “tens of billion s of dollars in fees.” “The proposed rule would prohibit corporations from running up the bills with hidden and bogus fees, requiring honest pricing and spurring firms to com Pet e on honesty ...

US, Qatar agree to prevent Iran from tapping previously frozen $6 billion fund

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The U.S. has reached an agreement with Qatar to halt the release of $6 billion in Iranian oil assets amid scrutiny over Iran’s relationship with Hamas. The U.S. and Qatar have reached an agreement to prevent Iran from accessing $6 billion recently unfrozen as part of a prisoner swap, the deputy secretary of the Treasury Department told lawmakers on Thursday, sources confirmed to ABC News. Deputy Secretary Wally Adeyemo told House Democrats in a closed-door briefing that the money "isn't going anywhere anytime soon," sources said. The agreement comes as the U.S. is scrutinizing Iran's role in backing Hamas, the terrorist group behind the unprecedented attacks on Israel over the weekend. Though there has been no evidence that Iran played a direct role in the assault, the White House has said Iran is complicit given its decades of support for Hamas. The administration has faced calls from lawmakers on both sides of the aisle to re-freeze the funds in the wake of the v...