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President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau, choosing a person who has no banking or financial services experience to run a bureau that has been effectively inoperable since Trump was sworn into office. Levenbach is currently an associate director inside the Office of Management and Budget, handling issues related to natural resources, energy, science and water issues. Levenbach’s resume shows significant experience dealing with science and natural resources issues, acting as chief of staff of the National Oceanic and Atmospheric Administration during Trump’s first term. The CFPB has been nonfunctional much of the year. Many of its employees have been ordered not to work, and the only major work the bureau is doing is unwinding the regulations and rules it put into place during President Trump’s first term and during the Biden administration. The bureau’s current acting director is Russell Vought, President Trump’s budget director and Levenbach’s boss. Under the Vacancies Act, Vought can only act as acting director for 210 days, but now that President Trump has nominated someone to the position, that clock has now been suspended until the Senate approves or denies Levenbach’s confirmation as director. The bureau was created after the 2008 financial crisis as part of the Dodd-Frank Act, a law passed to overhaul the financial system and require banks to hold more capital to avoid another financial crisis. The CFPB was created to be a independent advocate for consumers to help them avoid bad actors in the financial system. Ken Sweet, AP business writer
Category:
E-Commerce
Country music fans have something extra to be thankful for each November beyond turkey. Traditionally, the Country Music Association Awardsaka the CMA Awardstake place during the second-to-last month of the year. Wednesday, November 19, is the big day in 2025 for the 59th annual event. Lets get you up to speed on everything you need to know about country musics biggest night so you can confidently two-step your way through the evening. Whats the venue for the 2025 CMA Awards? The 59th CMA Awards will be held at the Bridgestone Arena in Nashville. Whos hosting the 2025 CMA Awards? Lainey Wilson is back to emcee the awards. Last year, she shared the duties with Luke Bryan and Peyton Manning, but this year she is flying solo. Beyond presiding over the event, she is also nominated for multiple awards, including Entertainer of the Year. Whos nominated for a 2025 CMA Award? Joining Wilson in the Entertainer of the Year category are fellow nominees Luke Combs, Cody Johnson, Chris Stapleton, and Morgan Wallen. Although Wilson is the only female in the top category, three women tied for the most nominations in 2025 with six each. Wilson, Megan Moroney, and Ella Langley all share that honor. Langley, Shaboozey, Zach Top, Tucker Wetmore, and Stephen Wilson Jr. are all nominated for New Artist of the Year. You can find a complete list of nominees on the association’s website. Whos performing at the 2025 CMA Awards? Since Lainey Wilson is already in the neighborhood and hosting, shes also going to grace the audience with her vocal talents. Shes not the only one. Kelsea Ballerini will perform her new song I Sit in Parks live for the first time. Meanwhile, Stapleton is scheduled to perform twice. He will sing his cinematic song Bad As I Used to Be from the soundtrack of F1: The Movie and A Song to Sing, a duet with Miranda Lambert. Newly inducted Country Music Hall of Fame member Kenny Chesney will hoot and holler to celebrate the momentous occasion. Old Dominion is performing a medley of their greatest hits. Riley Green, the Red Clay Strays, Brandi Carlile, Patty Loveless, BigXthaPlug, Combs, Langley, Moroney, Shaboozey, Top, Wetmore, and Wilson Jr. are also scheduled to sing their hearts out. Whos being honored at the 2025 CMA Awards? The 2025 Willie Nelson Lifetime Achievement Award will be presented to the “I Still Believe in You” singer and songwriter Vince Gill. Gill first broke out as the lead singer of the Pure Prairie League. He cemented his legacy in the 1990s as a solo act, and later joined the Eagles in 2017 after the death of Glenn Frey. How can I watch or stream the CMA Awards live? To see Gill and host Wilsons big night on a linear television, tune into ABC at 8 p.m. ET. Traditional cable subscribers can watch it that way, and those with good reception and an over-the-air antenna can see it for free. The telecast will also be concurrently streamed for those with a subscription to Hulu+ Live TV. If that service is not in your streaming arsenal, consider FuboTV or Sling TVjust double-check that the streamer carries ABC in your region before committing to another monthly fee. Also, now that the ABC parent company has settled its carriage dispute with Google, you can watch the CMAs on YouTube TV. Additionally, if you find yourself busy on Wednesday night, never fear. The show will be available to watch the following day on Hulu.
Category:
E-Commerce
Millions of Americans who buy health insurance through the Affordable Care Act (ACA), also known as “Obamacare,” stand to lose their premium subsidies, with less than three weeks to go until they expire at the end of 2025. And the result of that would be skyrocketing health care costs for 22 million marketplace users. If Congress does not extend the enhanced premium tax credits, it will also trigger a so-called “subsidy cliff,” or strict income maximum that abruptly cuts off subsidies to households with incomes that are over 400% of the federal poverty level. That would raise the costs of those healthcare plans by an estimated 75%, according to KFF, a nonpartisan health policy research group. Currently, 92% of Americans enrolled the ACA marketplace plan receive some type of enhanced subsidies. That’s 22 out of 24 million people. However, not all would be affected by the subsidy cliff. Letting the credits expire could send insurance skyrocketing to such high levels that many Americans wouldn’t be able to afford their current plans, or worse, keep their healthcare at all. One estimate found average family premiums could triple from $1,200 to $3,553 a month if the credits expire. Congress is set to vote on extending the subsidies in mid-December, but it’s unclear if the House will pass it as is, or tack on conditions. The run-up to that deadline has created a crisis as Republicans, backed by President Donald Trump, have seemed to play Russian roulette with 22 million American taxpayers’ healthcare. (The credits were not extended in Trump’s so-called Big Beautiful Bill.) The dispute over the credits was at the heart of the recent federal government shutdown, with the upcoming vote being a condition for Senate Democrats to end the standoff. The president has said he doesn’t want to extend the credits, and would instead give that money directly to the people so they can purchase their own, much better, health care.” However, according to independent fact-checking publication PolitiFact, without a formal proposal, there’s no way to determine if “Trump’s social media musings” would actually work. Some Republicans are pushing for Americans to rely more on health savings accounts, or HSAs, but these can’t typically be used to pay for the actual health insurance plans themselves. Other Republicans are floating the idea of temporarily extending the credits through the 2026 midterm elections, when many are up for reelection. If Republicans and Democrats in Congress don’t strike a deal, many Americans can expect to pay a lot more for their current plans on the exchange, or end up paying the same for less coverage.
Category:
E-Commerce
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