Insurance penalty in place by 2016
Washington DC reports that nearly 4 million Americans will pay a penalty for not obtaining health insurance under the Obama health care overhaul. The CBO projects average penalties around $1,000 in 2016, with most payers middle class and exemptions for low income or tribal members.
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Obama slams Wall Street at Cooper Union on banking reform
President Obama urged Wall Street leaders to back updated banking rules while defending measures aimed at ending taxpayer funded bailouts. He warned lawmakers and voters that progress must reach Main Street and stressed lessons from the financial crisis and a fragile recovery.
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