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German MPs rebuke AfD during genocide debate
The events took place more than 120 years ago, but their consequences are still felt today: Over two days, German lawmakers have been debating their country's colonial crimes in present-day Namibia.
Bipartisan U.S. lawmakers criticize slowing of Starlink in Ukraine
On Wednesday, Ukraine reported its drones losing speed after sudden and unannounced restrictions on its battlefield use of Starlink
A paycheck for lawmakers is on the ballot
New York state legislators make $142,000 a year. New Hampshire state representatives and senators make $100. Legislators in 47 other states are paid a yearly salary in between those two
State lawmakers react to IDHS decision to preserve some beds at Choate Mental Health Center
Illinois State Senators Terri Bryant (R-Murpysboro) and Paul Jacobs (R-Pomona) say a new plan for Choate Mental Health and Developmental Center in Anna does not go far enough.
Clinton Policy Institute outlines maternal health solutions for states
Health Care Clinton Policy Institute outlines maternal health solutions for states It’s the first major report from the project, which launched in July to foster nonpartisan policies to improve the wellbeing of children and families. Stephanie Akin 10:00 AM, Oct 15, 2026 Dr. Jacob Lenz performs an ultrasound at the Oklahoma State University obstetrics and gynecology clinic in Tulsa, Okla., on Tuesday, July 16, 2024. (AP Photo/Mary Conlon) The Clinton Policy Institute is calling on states to lead efforts to curb maternal mortality, releasing a 61-page playbook Thursday highlighting successful policies that could be adopted nationwide. The playbook is the first major report from the Clinton Foundation’s project, which launched in July to foster nonpartisan state and local policies to improve the wellbeing of children and families. “Eighty percent of maternal deaths are preventable, and we know what works,” CPI Chair Jennifer Klein said. “The solutions are well established and evidence-based.” CPI’s mission is to convene political leaders from both parties, policy experts, state officials and other stakeholders to explore solutions to longstanding problems. “What we aim to do is bring together people who are deeply engaged, but may not be meeting together in the same room,” Klein said, noting that state policymakers might not always be aware of what their peers are doing in other states. In May, CPI brought together lawmakers from Virginia and Pennsylvania, two of the 14 states that have passed bipartisan maternal health “Momnibus” packages modeled after a comprehensive federal proposal that has repeatedly stalled, called the Black Maternal Health Momnibus Act. Other participants included Dr. Mona Hanna, founder of Rx Kids, a Michigan program that provides direct cash allowances to pregnant women and infants. Pennsylvania Rep. Morgan Cephas, who was part of the group, said she learned about funding opportunities she hadn’t come across during her decade in the Legislature. “As legislators we can issue grants, we can pass legislation, we can move policy, but we want to ensure that funding opportunities and programs that are tackling this issue are sustainable,” Cephas said. The playbook outlines broad areas where state policy can make a difference, such as allowing Medicaid to pay for doulas and remote patient monitoring, and using federal and private grant funding to pay for home visits to pregnant and postpartum women. For each category, it highlights innovative programs that can serve as models, with examples of specific actions state lawmakers and governors’ offices can take. Those include the Rx Kids model, which gets funding from the Michigan state budget; Pennsylvania’s Healthy Moms Vibrant Futures strategic action plan, emphasizing equity-centered maternal care, regional collaboration, Medicaid innovation, and workforce development that was launched this year with more than 160 stakeholders; and Kansas’s Bridging Plan, which reserves three slots and provides at least $26,000 in loan forgiveness for obstetric residents who commit to practicing in rural or underserved communities for 36 months. CPI emphasizes that its work is nonpartisan. Klein, the director of the White House Gender Policy Council under former President Joe Biden, acknowledged that CPI also takes positions on abortion, Medicaid funding, and the need to address the economic and social drivers of poor health, which might rankle some conservatives. “We don’t shy away from talking about those things that we think are part and parcel of the maternal health crisis in this country,” Klein said. “That said, there are so many policies that are both evidence-based and have been tried successfully in both red and blue states, and people can see that they can have real impact.” She pointed to the federal option to extend postpartum Medicaid coverage from 60 days to 12 months that was made available during the Biden administration and has since been adopted by every state but Arkansas. Other initiatives embraced across party lines include Medicaid coverage for midwives and doulas, as well as “bundled” payments for prenatal and postpartum care. That alternative payment model, pioneered in states such as Arkansas, Colorado and Tennessee, incentivizes fixed fees to cover all healthcare services associated with pregnancy and childbirth. Advocates say it promotes more coordination among caregivers, discourages unnecessary interventions, and expands postpartum support. In addition to maternal health, the initiative is also focused on addressing family economic security, children’s well-being, and democracy and civic resilience.
US lawmakers unveil bill to hold Wall Street’s ‘Epstein-connected’ bosses to account
Move comes as Senator Elizabeth Warren condemns Barclays response to questions over ex-boss’s ties to sex offender
Massachusetts can protect data privacy without hurting small businesses
As lawmakers debate the Massachusetts Data Privacy Act, they should be careful not to adopt an approach that unintentionally makes it harder and more expensive for local businesses to compete, grow, and innovate online.
Social Security announces 2027 cost of living boost for recipients
The Social Security Administration projects a 3.6% cost-of-living adjustment for older adults and people with disabilities starting in 2027. Some recipients say it won't offset rising prices. This adjustment means $75 extra per month for the nearly 72 million Social Security beneficiaries and about 7.3 million Supplemental Security Income recipients. Inflation continues to pressure household budgets and savings, and some older Americans feel the increase isn't enough. The Social Security Administration faces a looming bankruptcy date if a funding shortfall isn't addressed by Congress. Lawmakers have proposed measures to replenish the trust funds, including lifting the payroll tax cap to generate substantial revenue.
‘The money, not the message.’ Idaho debates how to manage free speech in elections
In the thick of election season, Idaho’s secretary of state held a Free Speech Summit for state officials and lawmakers.
Va. lawmakers, Spanberger grapple with loss of federal healthcare funds for trans youth
Federal Medicaid and Children’s Health Insurance Program money can no longer be used for certain gender-affirming care to young people in Virginia and other states, after a new U.S. Department of Health and Human Services rule took effect on Oct. 13.
Jim Jordan is quietly laying the groundwork for a run at GOP leader, sources say
When House Speaker Mike Johnson decided in September to send lawmakers home early to their districts ahead of the midterm elections, House Judiciary Chair Jim Jordan quietly made clear that he would have handled the situation differently, according to a source close to Jordan.
Peloton's Matt Wilpers teams up with QuickBooks to help small-business owners
QuickBooks gives business owners a clearer picture of their finances, while Wilpers' approach focuses on creating consistent habits around cash flow, financial goals, and regular check-ins.
Idaho lawmakers tee up bill to reform prior authorization, and more health insurance issues
A panel of Idaho lawmakers that studied issues in the health insurance market formalized plans to draft legislation on a range of issues.
Arizona Cardinals sign TE Shawn Bowman to active roster
The Cardinals filled the vacancy on their roster from putting Isaiah Adams on injured reserve.
Rep. Ilhan Omar's phone seized and relatives subpoenaed in criminal probe, AP source says
Federal authorities investigating Minnesota Rep. Ilhan Omar have seized the Democratic lawmaker’s phone and have issued more than a dozen grand jury subpoenas, including to some of her relatives, according to a person briefed on the probe.
Arizona employee health insurance costs are 'out of control,' lawmakers say
Rising healthcare costs and limited state budget reserves could lead to higher employee premiums, greater cost-sharing and other changes to the plan.
Newman Regional Health begins community survey, prepares for Wave of Light remembrance ceremony
Newman Regional Health is asking residents to take part in a community survey designed to help "shape the futu...
Garry's Mod Creator Says He's 'Ashamed' And 'Embarrassed' By The Response To His Latest Project: 'I've Let Everybody Down'
s&box is in a bit of a pickle, but Newman has plans to turn the game around
Environmental, political advocates call for data center moratorium in NC
Piedmont Environmental Alliance, Yadkin Riverkeeper, No Data Center Rural Hall and the Carolina Federation are demanding state lawmakers pass a two-year moratorium on hyperscale data centers.
‘Gus the Bus’ to provide free food at Lamprey Health in Newmarket
Gather, a Portsmouth-based food pantry, is bringing its fresh food bus, nicknamed “Gus the Bus,” to Lamprey Health Care’s community health center in Newmarket.
Rutgers Board of Governors establishes a Bachelor of Science in Real Estate degree
/PRNewswire/ -- The Rutgers Board of Governors voted to approve a new Bachelor of Science degree program in Real Estate that will be offered to students at...
Manufacturing tour celebrates industry, highlights challenges
A bus carrying lawmakers, students and business leaders rolled through the Tri-Cities as part of a statewide tour highlighting Washington manufacturers and their role in the economy.
FHSAA Open Division projections: Newman football still in after loss
Aquinas, Columbus, West Boca, Chaminade, Miami Central, Cardinal Newman, Cardinal Mooney and First Academy would be in the Open Division after Week 8.
Counterpoint | No conspiracy in delayed arrival of ‘Health Care for All’ analysis
"As authors of the legislation, we told MDH that we want the study to be thorough and done well, rather than rushed to meet a specific timeline," write state lawmakers John Marty and Liz Reyer.
Was Delay Of Universal Health Plan Report Unlawful? Does It Matter?
A Republican state representative has been on a crusade alleging lawmakers allowed a major report to be delayed without statutory authority. He may have a point, but Democrats say he’s harping on a technicality.
Senator Baldwin is urging federal officials to dismantle a newly introduced 25 percent matching funds requirement that targets regional Dairy Business Innovation Initiative centers.
A major policy shift by the U.S. Department of Agriculture (USDA) is creating friction for local agriculture, prompting quick action from lawmakers.
Hidden fees cost Michigan patients millions. Lawmakers push reforms
‘Facility fees’ are buried deep in bills and often include little explanation. Health officials say they need the money to stay afloat, but won’t divulge much about the charges. One expert calls them a ‘black box.’
Michigan can get money out of politics ― here’s how
Michigan lawmakers are pushing to curb corporate election spending by limiting the power of artificial entities.
Homeland Security raids Ilhan Omar's residence
Trump's fixation on the Minnesota lawmaker has exploded into full-on lawfare weeks before the elections.
Bipartisan lawmakers criticize Trump's diesel deal with Russia
On Monday, the president defended the deal, writing on Truth Social that he "made the right choice for the American People"
Bipartisan lawmakers criticize Trump's diesel deal with Russia
On Monday, the president defended the deal, writing on Truth Social that he "made the right choice for the American People"
Lionel Messi Makes Bold Claim on Arsenal Youngster Max Dowman
Lionel Messi has included Max Dowman in his top ten youngsters in world football.
Trump’s US-Russia diesel deal draws bipartisan criticism
President Donald Trump’s diesel deal with Russian leader Vladimir Putin is facing bipartisan blowback in the US as lawmakers warn that the Trump administration is defying a federal law meant to crackdown on Russia after the invasion of Ukraine.
Bruno Mars dazzles at Levi’s Stadium concert in Santa Clara
Bruno Mars turned sold-out Levi’s Stadium crowd in Santa Clara into 'Bruno-Halla' with hits, sharp vocals and high-energy showmanship.
After Callais ruling, plaintiffs now raise questions over Louisiana's 2nd District
The winners of the U.S. Supreme Court decision that led Louisiana to eliminate one of its two majority-Black congressional districts now have their eyes on the state’s remaining seat held by a Black lawmaker.
These lawmakers want to head off a potential post-election crisis
A bipartisan effort is underway in Congress to avert a constitutional crisis, where Republicans don't seat Democrats, if they win the chamber.
Rewriting the playbook: The grassroots movement for Black midlife health
I was 45 when my body first started sending distress signals: drenching night sweats, sudden 2 a.m. awakenings and a persistent brain fog that had me forgetting...
New York lawmaker seeks more data in 'Enough is Enough' law
Amid the Cornell University rape investigation, there’s a new push to update New York’s “Enough is Enough” law.
New York lawmaker seeks more data in 'Enough is Enough' law
Amid the Cornell University rape investigation, there’s a new push to update New York’s “Enough is Enough” law.
Some G.O.P. Lawmakers Pan Hegseth’s Plan to Stream Execution of Fort Hood Shooter
Some G.O.P. members of Congress said that broadcasting the execution of the Fort Hood shooter was inappropriate, though others gleefully applauded it.
Ohio political blogger found guilty in explicit Shrek meme trial
An Ohio political blogger let out a surprised laugh as he was found guilty of harassment after he sent an explicit digitally altered image of the cartoon character Shrek to a powerful lawmaker.
Political Pulse: Frank Kloucek on running for Public Utilities Commission as a Democrat
Former state lawmaker Frank Kloucek is running as a Democrat for the South Dakota Public Utilities Commission, pledging to act as a consumer watchdog.
A political blogger sent an explicit meme of Shrek to Ohio lawmaker. Now he’s on trial.
An Ohio political blogger had his first day in court Thursday, facing charges of harassment after sending a powerful state lawmaker an explicit picture of the cartoon character Shrek.
Oregon Universal Health Plan Group Hastens To Meet Deadline
A few weeks ago, it looked like the board tasked with giving lawmakers the template for government-run universal health care plan would get until December to finish its big report. It turns out it had to move faster.
Pentagon plan to livestream execution of Fort Hood shooter prompts fierce political backlash
The move has been branded as ‘disturbing’ and compared to the actions of terror groups by US lawmakers
Skill game crackdown: Lawmakers try again, business group joins push for more time
Harrisburg, Pa. — The fight to keep skill games plugged in past next week isn't over yet.
Skill game crackdown: Lawmakers try again, business group joins push for more time
Harrisburg, Pa. — The fight to keep skill games plugged in past next week isn't over yet.
Erie County lawmakers approve small business bill, pass resolution
BUFFALO, N.Y. (WIVB) — Erie County lawmakers on Thursday voted to approve the Small Business Utilization Act and passed a resolution that calls for reimbursement from New York State. County L…
U.S. Lawmakers Launch Sexual Abuse Probe of Youth Sports Giant AAU
Bipartisan leadership of a powerful House committee demanded answers from the Amateur Athletic Union after a ProPublica and Washington Post investigation found that the massive youth sports organization has failed to protect kids from sexual abuse.
Atrium Health’s plan contested by state treasurer for legality
(The Center Square) – Nearly 750,000 teachers, state employees, retirees, lawmakers active and retired, and members of higher education on Tuesday learned Atrium Health’s Affordability Protection Program would help provide
Chaminade at Cardinal Newman football has Open Division ramifications
Chaminade-Madonna travels to Cardinal Newman in a rematch of the 2025 Class 1A state title game, which Cardinal Newman won 17-14.
Is the new best stadium in America in Evanston, Illinois? MoneyCall
The latest free weekly sports business newsletter from The Athletic, also featuring Tebowmania at 20 and an exciting internship opportunity.
A rural Northwest Oklahoma hospital is bringing back maternity care. Can it survive healthcare cuts?
Newman Memorial hopes the model it’s building can sustain access despite looming reductions to federal Medicaid spending signed into law last year alongside the dollars fueling its project.
Max Dowman given three Guinness World Records
Arsenal’s teenage midfielder Max Dowman has been presented with three official Guinness World Records certificates.
At Black business expo, officials urge owners to speak up
State and federal lawmakers called for more Black small business owners, who disproportionately face economic challenges, to meet with elected officials and ask for support.
Lawmakers withdraw request to delay skill game crackdown
Harrisburg, Pa. — Four state lawmakers, including Sen. Gene Yaw, have withdrawn their request asking the Pennsylvania Supreme Court to delay enforcement against skill game machines until February.
Lawmakers withdraw request to delay skill game crackdown
Harrisburg, Pa. — Four state lawmakers, including Sen. Gene Yaw, have withdrawn their request asking the Pennsylvania Supreme Court to delay enforcement against skill game machines until February.
Senator Yaw leads push to stay skill games seizure into 2027
Harrisburg, Pa. — Skill game machines in bars, clubs, and shops across the state could stay safe from police seizure until February if four state lawmakers, primarily Sen. Gene Yaw,
At Black business expo, officials urge owners to ‘speak up’
Black small business owners are facing economic conditions similar to those they dealt with as a result of COVID-19. And to help, state and federal lawmakers are calling on more Black business owne…
AHS Band leaders share ‘Science of Sound’ with Julian Newman Elementary students
Dr. Lloyd Jones and the Pride of Athens Golden Eagle Marching Band Leadership Team recently visited Julian Newman Elementary School (JNES), where Athens High School students brought science to life […]
Ways and Means Promotes Tax Law to Small Businesses in Tennessee
At a Tennessee hearing, House Ways and Means lawmakers touted the One Big Beautiful Bill’s tax benefits for small businesses. Read what the measure means.
Business groups to lawmakers: NJ is losing out to other states
The marathon hearing ended with questions about whether the Legislature would act on recommendations or allow longstanding problems to continue.
DFL lawmakers voice concerns over healthcare mergers as new consolidations loom
A group of Minnesota lawmakers voiced concerns at the State Capitol on Tuesday that several recent healthcare company mergers could negatively impact Minnesota’s healthcare landscape.
From ‘feel-good’ to urgent: NC lawmakers move to act on gas taxes
If the legislature suspends the state gas tax, it would save North Carolinians 41 cents per gallon.
Trump reverses course on publicly funded TV political ads
President Donald Trump announced Monday night that taxpayers will no longer pick up the tab for political TV advertisements promoting himself and administration policies. Facing a public backlash from lawmakers of both parties, Trump said in a post on his Truth Social site that he would in part use money raised by a super PAC, […]
Rightlessness after reform? Agrarian conflict and the politics of land in Indonesia
A review of Berenschot et al 2026
Goat to Vote: SPC students' try to get young people to the polls
St. Petersburg College students organized a voter registration event to register as many people as possible. The event, aptly named "Goat to Vote," provided treats, free yoga, and two voter-support goats.
Doctors, Insurers Sue Newsom over Health Insurance Premium Increases
In June, lawmakers passed a healthcare tax that could increase premiums in order to combat federal Medicaid cuts.
Pennsylvania lawmakers, advocates to introduce universal health care legislation
Pa. lawmakers, advocates to introduce universal health care legislation
5 takeaways from Iowa lawmakers passing historic $1.4B tax breaks
Five key takeaways from the Iowa Legislature passing historic tax incentives for a $15 billion proposed steel mill.
Will Washington’s ‘millionaire tax’ drive people away? Business owners and lawmakers disagree
Supporters say the tax is needed to help fund education, tax credits for businesses and families, and other public programs. Opponents argue it could drive entrepreneurs, investors, and employers out of Washington.
Bosnia votes as pro-Russian politician looms large and ethnic tensions simmer
Around 3.4 million voters are choosing the three members of the country's multi-ethnic presidency, lawmakers for the national Parliament and heads of institutions for the country's two entities.
NC lawmakers call for special session of General Assembly to tackle high gas prices
Republican leaders in NC House and Senate announced Saturday that they plan to convene a special session to focus on gas prices.
Blue surge could breach Cascades in this Washington race
For more than 50 years, every Washington state lawmaker chosen to represent Chelan County has been a Republican. That might change in this November's election.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
Colorado’s mobster democracy
The issues on your ballot aren’t just questions about trains, taxes and spending. They are exhibits in a larger case: dishonesty, intimidation and political bullying have become standard operating procedure at the Colorado Capitol. The message from lawmakers is increasingly simple: Vote however you like — we’ll make sure it turns out the way we […]
Pols & Politics: White House launches website on the ‘real cost of Socialism’
The White House has launched a new webpage warning U.S. families of the “real cost of Socialism,” while state lawmakers prepare to take up proposed federal changes to the 2030 census this month.
Trump’s spat with GOP lawmaker over Daylight Saving Time
President Donald Trump railed against Sen. Tom Cotton in a series of posts on Saturday, accusing the Arkansas Republican of holding up a bill that would make Daylight Saving Time permanent and encouraging people to call the senator at his cellphone number.
NC GOP leaders to call special session on fuel prices
The Senate and House Republican leaders have not set a date for lawmakers to return to Raleigh.
Trump posts GOP lawmaker’s phone number amid spat over Daylight Saving Time
President Donald Trump railed against Sen. Tom Cotton in a series of posts on Saturday, accusing the Arkansas Republican of holding up a bill that would make Daylight Saving Time permanent and encouraging people to call the senator at his cellphone number.
Doctors, insurers sue Newsom over health insurance premium increases
In June, lawmakers passed a healthcare tax that could increase premiums in order to combat federal Medicaid cuts. A new lawsuit says that tax violates Proposition 35, passed by voters in 2024.
Lawmakers probe allegations that NC health officials used false information to secure Medicaid funds
GOP lawmakers in NC say they are looking into allegations that state health officials used false information to secure federal funding for a Medicaid technology overhaul. The claims were made in a lawsuit that has since been dismissed. The state auditor has revived an audit into the project.
As Trump's proposed arch looms over D.C., protesters pin their hopes on the midterms
Democratic lawmakers, veterans and concerned citizens gathered in Memorial Circle to protest the arch Trump wants to build there. Their hopes lie primarily in a lawsuit and next month's midterms.
Doctors, insurers sue Newsom over health insurance premium increases
California lawmakers passed a healthcare tax in June that could increase premiums by $100 annually, but groups representing doctors and insurers say it violates the law.
Part of Capitol complex in downtown Sacramento evacuated due to threat
California lawmakers are not currently in session, but construction crews and legislative employees were at the site.
Grand Old Populists: GOP lawmakers target big business
It’s a major risk for big financial services firms, health insurance companies and tech titans, which are the subjects of the hottest rhetoric.
Opinion: As AI political deepfake advertisements go viral, state lawmakers struggle to keep up
Opinion from Stefani Langehennig: Imagine watching a political campaign video in which a candidate admits to taking a bribe. You recognize the face and voice. But the confession is entirely fabricated, thanks to artificial intelligence.Now imagine that your state has passed a law against these AI-generated election deepfakes. Would that mean the video has to be removed from the airwaves?
Minnesota health officials says hospital mergers often lead to higher patient costs
Lawmakers and state regulators are considering how health system mergers could cost Minnesotans.
Lawmakers renew calls to strengthen New York's sexual assault laws
The gathering came just days after prosecutors said they were reopening an investigation into an alleged gang rape at a Cornell University fraternity.
'I'll stand in front of the bulldozers': Veterans protest Trump's arch
Since President Donald Trump first began talking about building a Triumphal Arch in Memorial Circle, it’s been met with criticism from the public, lawmakers and even veterans
'I'll stand in front of the bulldozers': Veterans protest Trump's arch
Since President Donald Trump first began talking about building a Triumphal Arch in Memorial Circle, it’s been met with criticism from the public, lawmakers and even veterans
50 children in our area hit by cars every year; toxic pond water in Centennial Park; ‘gas station heroin’; plus other stories with Vanderbilt Health sources
In a news report following a Murfreesboro child who was killed by an automobile, reporter Amber Jayanth from WSMV Channel 4 News cited statistics gathered at Monroe Carell Jr. Children’s Hospital at Vanderbilt about pediatric pedestrian injuries. Trauma registry data from Monroe Carell indicates that about 50 children per year on average are treated after being hit by a car. William Schaffner, MD, Professor of Preventive Medicine, was quoted by several news outlets about public health issues, including: CNN (mRNA flu vaccine); ABC News and the American Journal of Managed Care (Pennsylvania measles outbreak); News Channel 5 (blue-green algae in the pond at Centennial Park, which can release toxins that make people and pets sick). WSMV Channel 4 News interviewed Saumya Aujla, MD, Assistant Professor of Clinical Physical Medicine and Rehabilitation, about the health risks of kratom, sometimes called “gas station heroin,” and why Tennessee banned the drug. WTVF News Channel 5 interviewed Brianna Smith, MD, Assistant Professor of Pediatrics, Hematology/Oncology at Monroe Carell Jr. Children’s Hospital at Vanderbilt for a piece on Childhood Cancer Awareness Month. Prevention interviewed Mitchell Gigandet, MD, Assistant Professor in the Neuro-Sleep Division, for a story about MDPI research on caffeine that used EEG imaging to see how the drug impacts sleep. It was found that caffeine may make sleep less restorative even when you fall asleep normally and stay in bed for eight hours. The Wall Street Journal reporter Laura Landro interviewed Joseph Schlesinger, MD, Professor of Anesthesiology Critical Care Medicine, for a story about ICU alarms keeping patients from getting sleep and creating alarm fatigue for nurses. Billboard reporter Melinda Newman interviewed country star Dasha about her upcoming vocal surgery at Vanderbilt Health. The story was picked up by numerous print and radio outlets including People.
After murders of Zoe Welsh, Iryna Zarutska, NC lawmakers face questions over mental health funding
Arts and Entertainment Agenda, Oct. 2 to 5
Annual ‘John Denver Celebration’, Sept. 30 to Oct. 4 The annual John Denver Celebration, Sept. 30 to Oct. 4, brings fans from around the world to Aspen and Snowmass. Festivities include big concerts, smaller shows,...
Maine Ethics Commission takes no action in confidentiality case
The Maine Ethics Commission voted unanimously Wednesday not to take action against a Republican state lawmaker accused of violating legislative confidentiality restrictions.