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The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is a law passed by the U.S. Congress on a reconciliation basis and signed by President Ronald Reagan that, among other things, mandates an insurance program which gives some employees the ability to continue health insurance coverage after leaving employment.
The law extends Medicaid's "lookback" period for all asset transfers from three to five years and changes the start of the penalty period for transferred assets from the date of transfer to the date when the individual transferring the assets enters a nursing home and would otherwise be eligible for Medicaid coverage. In other words, the ...
The agreement also specified an incentive for Congress to act. If Congress failed to produce a deficit reduction bill with at least $1.2 trillion in cuts, then Congress could grant a $1.2 trillion increase in the debt ceiling but this would trigger across-the-board cuts ("sequestrations" [note 1]), as of January 2, 2013. [3]
California’s Employment Development Department, which oversees the state’s unemployment insurance program, has said that it would rely on increased federal taxes on employers to pay down the ...
A legislative bill is "chaptered" by the Secretary of State once it passes through both houses of the California State Legislature and has either been signed by the Governor or has become law without the Governor's signature. The secretary of state assigns a sequential chapter number to all bills that become law.
Here’s what to consider to help you determine if free debt consolidation is a good fit for you. ... much of the nonprofit debt relief services funding comes from government programs, grants and ...
Republicans and Democrats are stuck over how to increase the federal government’s debt limit, and that could mean big economic trouble for California and, for that matter, the nation and world.
News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...