ASAToday for July 3rd, 2025

Health Spending Slows The Congressional Budget Office (CBO) stated that it overestimated projections for federal health care spending between 2010 and 2020 and costs will likely remain lower than expected for at least another decade. The agency said the government spent less money per beneficiary than CBO had foreseen, amounting to $1.1 trillion. Slower growth…

Balanced Budget? House Republicans appear to be lowering expectations that they can adopt a balanced-budget blueprint this year, while still keeping their commitment to cap next year’s spending at the FY22 levels. House Budget Chairman Arrington said the goal to balance the budget has not gone by the wayside, but it’s not the most important…

President Biden Vetoes Anti-ESG Bill President Biden issued the first veto of his presidency, rejecting legislation that would thwart a rule allowing retirement portfolio managers to weigh climate and other environmental, social and governance issues in their investments. The Department of Labor rule was created to undo a Trump-era requirement mandating that workplace retirement-plans focus…