Biden’s military and political issues intensify amidst US strikes in Yemen

TL/DR - US and British airstrikes targeted Iran-backed militants in Yemen, escalating the conflict in the Middle East in response to an increase in drone and missile attacks from Houthi rebels. The strikes are seen as a significant turning point in President Joe Biden's foreign policy due to intense Republican criticism of his handling of global…

Changes to Medicare in Inflation Reduction Act Rebates

TL/DR - The Inflation Reduction Act, passed by the U.S. Congress in 2022, has significant implications for Medicare as it provides inflation rebates for medications covered by Medicare Part B. This legislation, which went into effect on January 1, 2023, reimburses some of the money spent on medications if their price rose faster than the rate of…

Q1 fiscal year sees US deficit exceed $500 billion

TL/DR - The U.S. government's budget deficit for Q1 of its fiscal 2024 year hit nearly $510 billion, according to a report by the Treasury Department. The increased deficit has pushed the total government debt past $34 trillion for the first time. Despite the Biden administration's assurances that the Inflation Reduction Act would reduce the…