Barack Obama News

Florida Case Is Next Test for Health Care Law

Attorneys for 20 states fighting the new federal health care law told a judge last week it will expand the government’s powers in dangerous and unintended ways. The states want U.S. District Judge Roger Vinson to issue a summary judgment …

Reader’s Choice

Never lose sight of what the reader wants. That has been the motto for Insurance Journal throughout its 85-year history of publishing news and information for our most important customers — independent agents and brokers. To accomplish this mission, editors …

Declarations

Diverse Ownership “Many new agencies are forming, typically with a more diverse and younger leadership, demonstrating the strength of the independent agency system and the potential for growth.” —Robert Rusbuldt, president and CEO, for the Independent Insurance Agents & Brokers …

Key Features of Compromise Tax Bill

The U.S. Congress approved an $858 billion tax deal between President Barack Obama and the Republicans that will boost the economy but add to the budget deficit. Following are key components of the bill. All cost estimates are from the …

New Jersey Moving to End Liability Cap for Offshore Spills

New Jersey is moving toward making polluters pay the full cost of cleaning up offshore spills. A bill to remove a cap on liability for oil and other spills into coastal waters was passed by the state Senate on Monday …

Congress Sends Tax Deal to Obama for Signing

Congress gave final approval late Thursday to the deal President Barack Obama and Republicans made to extend expiring tax cuts — a high-stakes gamble to create jobs at a cost of deepening the U.S. debt. Over objections from many of …

Might Obamacare Substitute Medicare Approach for Individual Mandate?

The courts may not get the last word after all on President Barack Obama’s historic health care overhaul. A Virginia federal judge ruled this week that the law’s key requirement for individuals to carry health insurance is unconstitutional. But even …

Senate Expected to Pass Tax Cuts; House Democrats Balk at Estate Tax

President Barack Obama’s sweeping plan to extend expiring tax cuts for millions of Americans headed for overwhelming passage in the U.S. Senate on Wednesday as it moved through Congress. While the Senate neared a rare bipartisan vote on the bill …

Senate Passes Tax Cut Plan, 81-19

A deal that President Barack Obama struck with Republicans to extend expiring tax cuts for nearly every working American and spur job growth sailed through the U.S. Senate Wednesday. The Senate passed the legislation in a 81 to 19 vote. …

Justice Department to Appeal Virginia Healthcare Ruling

The Justice Department said Tuesday it intends to appeal to a U.S. appeals court a ruling by a judge in Virginia declaring a key part of President Barack Obama’s landmark healthcare law unconstitutional. Department spokeswoman Tracy Schmaler said the Virginia …