Democrats 'seem to think that poor people are stupid,' Scott Bessent says
Richard Besser, president and CEO of the Robert Wood Johnson Foundation, on Sunday pointed to Arkansas as an example. Thousands lost coverage when the state implemented a work requirement program, he told ABC's George Stephanopoulos.
'And it not only affects those individuals, which is bad enough, but rural hospitals across America depend on Medicaid dollars to stay in existence,' Besser said on 'This Week.' 'It's predicted that there could be hundreds of rural hospitals that close. Those hospitals are also a driver for businesses. Businesses don't want to move into a community without a hospital.'
Bessent told Bash the economy he and Trump are building will afford job-seekers with ample opportunity to exit the program by finding new work in the manufacturing sector.
'No, there are no change in benefits,' he said. 'There's a change in requirements to get the benefits. And what we are doing, we are bringing back manufacturing jobs. We are bringing back working-class jobs by securing the border. We have seen, already seen working class wages move up. So we are creating jobs. People can get off Medicaid and get a job that has good health care benefits.'
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Got $1,000? 2 Cryptocurrencies to Buy and Hold for Decades
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I'd personally stick with the two largest cryptocurrencies -- Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) -- instead of the smaller and more speculative meme coins. Bitcoin, the world's most valuable cryptocurrency, still has plenty of upside potential for a few simple reasons. First, it's still mined with an energy-intensive proof-of-work (PoW) consensus mechanism, which becomes more costly every four years with each "halving" that cuts its mining rewards in half. Its maximum supply is also capped at 21 million tokens. Nearly 19.9 million of those Bitcoins have already been mined, and the final token is expected to be mined in 2140. There isn't much room for long-term inflation in this model. Bitcoin's increasingly difficult mining process, scarcity, and deflationary nature make it more comparable to gold, silver, and other physical assets than many other cryptocurrencies. That makes it a potential hedge against inflation and the devaluation of fiat currencies. 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You should take those bullish estimates with a grain of salt, but Bitcoin could remain the best "blue chip" cryptocurrency to buy and hold for the next few decades. Ether, the native token of the Ethereum blockchain, is the world's second most valuable cryptocurrency. It was originally a PoW token that was mined like Bitcoin, but it transitioned to the more energy-efficient proof-of-stake (PoS) mechanism in "The Merge" in 2022. As a PoS token, Ether can no longer be mined. Instead, its investors "stake" their tokens on the blockchain to earn interest-like rewards. Ethereum's PoS blockchain also supports smart contracts, which can be used to develop decentralized apps (dApps) and other crypto assets. Its declining or rising network activity can either make it inflationary or deflationary, respectively, and it currently has a circulating supply of roughly 120.7 million tokens. 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Yahoo
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OPEC's New Supply Shock Locks In Oil Market's Return to Surplus
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Politico
12 minutes ago
- Politico
Summers, Miran highlight worst- and best-case scenarios for Trump's megabill
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