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44 minutes ago
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Iowa Democrat Stephanie Steiner to run Iowa's 4th Congressional District seat in 2026
Democrat Stephanie Steiner has launched a campaign for Congress in Iowa's 4th District, saying she was spurred to act after the passage of Republicans' "One Big Beautiful Bill Act." She noted that thousands of Iowans are expected to lose their access to Medicaid as a result of the law, and experts say they expect the changes to have a disproportionately negative effect on rural hospitals. "It is going to devastate our state," Steiner said. 'Broadly, that was what pushed me into saying, 'OK, well if somebody needs to do it, I will.'" More: 8 ways Trump's 'Big, Beautiful Bill' will affect Iowans, from rural hospitals to biofuels Current 4th District U.S. Rep. Randy Feenstra, a Republican, is expected to vacate the seat as he eyes a run for governor in 2026. A trio of Republicans have announced campaigns to try to replace him: farmer Kyle Larsen, Siouxland Chamber of Commerce President Chris McGowan and state Rep. Matt Windschitl. And another Democrat, Ashley WolfTornabane, has also announced a campaign. Democrat Ryan Melton previously said he would seek his party's nomination, but he ended his campaign for personal reasons earlier this year. Steiner, 43, lives on an acreage outside of Sutherland with her husband and three youngest children. She said she worked as a labor and delivery nurse and as a traveling nurse before becoming a stay-at-home mom. Steiner said her younger children's father passed away suddenly in 2019 after losing access to medications. That, paired with her experience in the health care field, drives her passion for protecting access to health care, she said. 'I never want another mother or another father, another set of children to go through that because it's awful," she said. "It's awful.' Steiner said she also wants to focus on protecting civil rights for LGBTQ+ Iowans and other marginalized communities. The 4th District is the most conservative of Iowa's four congressional districts, spanning much of northwest Iowa and the full western edge of the state. Nonpartisan analysts at Cook Political Report rate it as a "solid Republican" district. Steiner said she understands the odds are stacked against Democrats, but she felt compelled to run anyway. 'We will lose 100% of the races we never run," she said. "So, if I don't do it, somebody else doesn't do it, then I can tell you this, we won't win it. But what I hope is to connect with the people in our district." Brianne Pfannenstiel is the chief politics reporter for the Des Moines Register. Reach her at bpfann@ or 515-284-8244. Follow her on X at @brianneDMR. This article originally appeared on Des Moines Register: Democrat Stephanie Steiner to run for Congress in Iowa's 4th District
Yahoo
44 minutes ago
- Yahoo
Boom fades for US clean energy as Trump guts subsidies
By Nichola Groom (Reuters) -Singapore-based solar panel manufacturer Bila Solar is suspending plans to double capacity at its new factory in Indianapolis. Canadian rival Heliene's plans for a solar cell facility in Minnesota are under review. Norwegian solar wafer maker NorSun is evaluating whether to move forward with a planned factory in Tulsa, Oklahoma. And two fully permitted offshore wind farms in the U.S. Northeast may never get built. These are among the major clean energy investments now in question after Republicans agreed earlier this month to quickly end U.S. subsidies for solar and wind power as part of their budget megabill, and as the White House directed agencies to tighten the rules on who can claim the incentives that remain. This marks a policy U-turn since President Donald Trump's return to office that project developers, manufacturers and analysts say will slash installations of renewable energy over the coming decade, kill investment and jobs in the clean energy manufacturing sector supporting them, and worsen a looming U.S. power supply crunch as energy-hungry AI infrastructure expands. Solar and wind installations could be 17% and 20% lower than previously forecast over the next decade because of the moves, according to research firm Wood Mackenzie, which warned that a dearth of new supplies could slow the expansion of data centers needed to support AI technology. Energy researcher Rhodium, meanwhile, said the law puts at risk $263 billion of wind, solar, and storage facilities and $110 billion of announced manufacturing investment supporting them. It will also increase industrial energy costs by up to $11 billion in 2035, it said. "One of the administration's stated goals was to bring costs down, and as we demonstrated, this bill doesn't do that," said Ben King, a director in Rhodium's energy and climate practice. He added the policy "is not a recipe for continued dominance of the U.S. AI industry." The White House did not respond to a request for comment. The Trump administration has defended its moves to end support for clean energy by arguing the rapid adoption of solar and wind power has created instability in the grid and raised consumer prices – assertions that are contested by the industry and which do not bear out in renewables-heavy power grids, like Texas' ERCOT. Power industry representatives, however, have said all new generation projects need to be encouraged to meet rising U.S. demand, including both those driven by renewables and fossil fuels. Consulting firm ICF projects that U.S. electricity demand will grow by 25% by 2030, driven by increased AI and cloud computing – a major challenge for the power industry after decades of stagnation. The REPEAT Project, a collaboration between Princeton University and Evolved Energy Research, projects a 2% annual increase in electricity demand. With a restricted pipeline of renewables, tighter electricity supplies stemming from the policy shift could increase household electricity costs by $280 a year in 2035, according to the REPEAT Project. The key provision in the new law is the accelerated phase-out of 30% tax credits for wind and solar projects: it requires projects to begin construction within a year or enter service by the end of 2027 to qualify for the credits. Previously the credits were available through 2032. Now some project developers are scrambling to get projects done while the U.S. incentives are still accessible. But even that strategy has become risky, developers said. Days after signing the law, Trump directed the Treasury Department to review the definition of 'beginning of construction.' A revision to those rules could overturn a long-standing practice giving developers four years to claim tax credits after spending just 5% of project costs. Treasury was given 45 days to draft new rules. "With so many moving parts, financing of projects, financing of manufacturing is difficult, if not impossible," said Martin Pochtaruk, CEO of Heliene. "You are looking to see what is the next baseball bat that's going to hit you on the head." About face Heliene's planned cell factory, which could cost as much as $350 million, depending on the capacity, and employ more than 600 workers, is also in limbo, Pochtaruk said in an interview earlier this month. The company needs more clarity on both what the new law will mean for U.S. demand, and how Trump's trade policy will impact the solar industry. "We have a building that is anxiously waiting for us to make a decision," Pochtaruk said. Similarly, Mick McDaniel, general manager of Bila Solar, said "a troubling level of uncertainty" has put on hold its $20 million expansion at an Indianapolis factory it opened this year that would create an additional 75 jobs. "NorSun is still digesting the new legislation and recent executive order to determine the impact to the overall domestic solar manufacturing landscape," said Todd Templeton, director of the company's U.S. division that is reviewing plans for its $620 million solar wafer facility in Tulsa. Five solar manufacturing companies - T1 Energy, Imperial Star Solar, SEG Solar, Solx and ES Foundry - said they are also concerned about the new law's impact on future demand, but that they have not changed their investment plans. The policy changes have also injected fresh doubt about the fate of the nation's pipeline of offshore wind projects, which depend heavily on tax credits to bring down costs. According to Wood Mackenzie, projects that have yet to start construction or make final investment decisions are unlikely to proceed. Two such projects, which are fully permitted, include a 300-megawatt project by developer US Wind off the coast of Maryland and Iberdrola's 791 MW New England Wind off the coast of Massachusetts. Neither company responded to requests for comment. "They are effectively ready to begin construction and are now trapped in a timeline that will make it that much harder to be able to take advantage of the remaining days of the tax credits," said Hillary Bright, executive director of offshore wind advocacy group Turn Forward. 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44 minutes ago
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Secret Service operation cracks down on criminals who've been 'stealing food from the mouths of children'
A special multi-agency operation took place in parts of Tennessee and Mississippi to fight a growing and costly form of fraud — one that can directly impact families in need who rely on electronic benefit transfers (EBT) to get by. From July 8-9, the Secret Service, along with local law enforcement officers, launched a coordinated effort. They visited hundreds of businesses to search for illegal card skimmers that could potentially lead to the siphoning of government benefits before recipients use them. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it 'This is an operation that is primarily based around education and outreach,' Memphis Field Office Special Agent in Charge Mark Switzer shared during a morning brief, as captured by WREG News Channel 3 cameras in a story published July 8. In total, more than 2,200 point-of-sale (POS) terminals, 857 gas pumps and 234 ATMs were inspected across more than 486 businesses, according to the Secret Service. Four skimming devices were recovered, which the agency estimates prevented potential losses of $4.2 million. The broadcaster accompanied agents and was present when one skimming device laid on top of a card reader's keypad at a Memphis grocery store was retrieved and bagged as evidence. How card skimming works Card skimming is a type of fraud that involves installing hidden devices on ATMs, gas pumps or POS devices to steal information from card users. These devices can include keypad overlays that record a PIN and card readers that copy card data. In some cases, a small camera is used to record the transaction. 'There's a number of [criminals] that are out there that are getting ahold of this information and then using it for their own purposes,' Switzer told WREG News Channel 3. With this data in hand, fraudsters can clone your card and quickly drain your account. The Secret Service estimates skimming costs consumers and financial institutions over $1 billion each year. But the stakes are often higher for EBT cardholders, who are vulnerable and rely on benefits to survive, and states may not have programs in place to replace stolen funds. 'They are literally stealing food from the mouths of children,' the Secret Service described in a news release. Read more: Americans are 'revenge saving' to survive — but millions only get a measly 1% on their savings. EBT cards in Tennessee are especially vulnerable because they don't have a chip like many bank-issued cards. Magnetic stripe cards are easier to copy, making them prime targets for skimmers. Agents of the task force are working to uncover who installed the device found in the Memphis grocery store, per the broadcaster, and they educated employees on how to better detect these devices. Avoid falling victim to card skimming Card skimming has become a major issue for both EBT and credit card users. The hidden devices can be hard to spot, and after the information is gathered money can be removed from an account quickly. Here are a few tips to reduce your risk: Check the scanner before you swipe: Before swiping or inserting your card, gently tug on the card reader and the keypad. If they feel loose or look off, don't use that terminal. Use visible POS machines: If you're using a debit card, opt for bank ATMs. If you're paying with a credit or EBT card, use the card inside or at well-lit terminals in visible locations. Block your PIN: Use your hand to shield your PIN when you punch it in. While some scammers use keypad covers, others use pinhole cameras to record transactions. Check your account regularly: Make sure to check your bank or EBT card account often and verify even small purchases. Keeping a record of where and when you use EBT funds can help identify suspicious transactions. Change your PIN before benefits hit: If you have an EBT card, consider changing your PIN regularly or the day before benefits are scheduled to hit. This way, if someone has your PIN from last month, they may not have access to your new funds. If you suspect your card has been compromised, call the customer service line immediately and have your card frozen. Report any fraud to your bank or EBT service provider. Above all, be alert. Staying vigilant is your best defense against card skimming. What to read next Robert Kiyosaki warns of 'massive unemployment' in the US due to the 'biggest change' in history — and says this 1 group of 'smart' Americans will get hit extra hard. Are you one of them? How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Solve the daily Crossword
