Republican lawmaker raises concerns about funding Federal Employees Health Benefits program
As Open Season approaches, one Republican is raising concerns about funding for the Federal Employees Health Benefits program. Oklahoma Senator James Lankford is questioning the Office of Personnel Management on how it plans to avoid exhausting the FEHB’s trust fund. He says it’s a concern, since there aren’t any incoming contributions to the trust fund under the government shutdown. In response to Lankford’s questions, OPM said that if needed, it would be able to let health carriers request additional funding from contingency reserves. But for the time being, OPM says all FEHB plans have sufficient funds to pay claims.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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All 15 TSP funds post positive returns in October
Funds in the Thrift Savings Plan continue bring back strong returns month over month. In October, all 15 funds increased over their September numbers. The C and I funds were the top earners, returning 2.34% and 2.13%, respectively in October. The G, F and L income fund were the only funds to garner returns of less than 1%. Year to date, 13 of 15 funds are returning more than 10% with the I fund coming in at just over 28%.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Colorado’s Attorney General sues Trump Administration over Space Command relocation
Colorado’s attorney general is suing the Trump administration over its decision to move U.S. Space Command headquarters from Colorado Springs to Huntsville, Alabama. Attorney General Phil Weiser filed the lawsuit last week, arguing the president’s move is unconstitutional and violates federal law requiring notices and reports to Congress before relocating a major military headquarters. Weiser said President Donald Trump openly admitted the move was meant to punish Colorado for its mail-in voting system. The lawsuit also names Defense Secretary Pete Hegseth, the Department of the Air Force and Air Force Secretary Troy Meink as plaintiffs.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Plans to keep the FBI headquarters in D.C. are moving ahead in Congress
Plans to keep the FBI’s new headquarters in the District of Columbia are moving ahead in Congress. Republicans on the Senate Environment and Public Works Committee advanced the Trump administration’s proposal to move the FBI to the Ronald Reagan Building just blocks away from the crumbling J. Edgar Hoover Building. The Biden administration planned to relocate the FBI headquarters to Greenbelt, Maryland.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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The government shutdown takes a $7 billion toll on the U.S. economy, so far
The second-longest government shutdown is projected to put a toll on the U-S economy. The Congressional Budget Office expects the shutdown will take a $7 billion hit to the economy, so far. That sum would climb to $14 billion if it drags on for another month. About 750,000 federal employees are currently furloughed and many others are working without pay. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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