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The White House unveiled a $40 billion supplemental funding request last week that includes $24 billion for Ukraine as Russia’s invasion of the country drags on. Shalanda Young, the director of ...
Political analyst Larry Sabato criticized Speaker Mike Johnson’s (R-La.) two-tier stop-gap government funding bill as a “disaster” on Saturday, after days of internal negotiations over the ...
Asset and liability management (often abbreviated ALM) is the practice of managing financial risks that arise due to mismatches between the assets and liabilities as part of an investment strategy in financial accounting . ALM sits between risk management and strategic planning. It is focused on a long-term perspective rather than mitigating ...
In the United States military, stop-loss is the involuntary extension of a service member's active duty service under the enlistment contract in order to retain them beyond their initial end of term of service (ETS) date and up to their contractually agreed end of active obligated service (EAOS). It also applies to the cessation of a permanent ...
Examples. At Lloyd's of London, Personal Stop Loss (PSL) is a type of insurance policy which limits the losses of names all of whom did (and some of whom still do) underwrite with unlimited liability. Provided that the PSL responds to the claims made on it, the unlimited liability thereby becomes to some extent limited.
Guaranteed asset protection insurance (or GAP Insurance) is an insurance coverage offered as a supplement to automobile insurance policies or auto loans. A GAP policy covers the difference between the value of a car (i.e., what the insurance company will typically pay) and what the borrower owes on the loan if the car is totaled or stolen.
The Medicare Part D coverage gap (informally known as the Medicare donut hole) was a period of consumer payments for prescription medication costs that lay between the initial coverage limit and the catastrophic coverage threshold when the consumer was a member of a Medicare Part D prescription-drug program administered by the United States federal government.
The Office of Management and Budget provides agencies with annual instructions on how to prepare for and operate during a funding gap according to the Antideficiency Act. Technically, seventeen federal government shutdowns precede the October 2013 shutdown. Most were partial or for single days or weekends and involved few if any furloughs.
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