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Federal Government
'Hold Harmless' Provision Renders No Medicare Part B Premium Change For Most Enrollees PDF Print E-mail
Federal Government
By Administrator   
Friday, 13 November 2015 06:44

RALEIGH, (SGRToday.com) - Premium data for 2016 shows that most Medicare enrollees will not see an increase in their Part B premiums. Current cost is $104.90 per month, according to Federal News Radio.

The Part B plan for Medicare is distinct from Part A and must be bought separately. Part A covers hospitalization and other primary services. Part B covers more areas.

Congress has protected enrollees from an increase through a 'hold harmless' provision in law.


Among those not protected and who therefore will see a Part B premium increase are first-time enrollees in 2016 and those with high incomes.

The full story can be found at federalnewsradio.com.

GAO Releases Financial Audit of Troubled Asset Relief Program (TARP) PDF Print E-mail
Federal Government
By Administrator   
Thursday, 12 November 2015 06:37

RALEIGH, (SGRToday.com) - A financial audit of the Troubled Asset Relief Program (TARP) for 2014 and 2015 has been released by the Government Accountability Office (GAO).

The report can be found at gao.gov.


 What GAO Found

GAO found (1) the Office of Financial Stability (OFS) financial statements for the Troubled Asset Relief Program (TARP) as of and for the fiscal years ended September 30, 2015, and 2014, are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles; (2) OFS maintained, in all material respects, effective internal control over financial reporting for TARP as of September 30, 2015; and (3) no reportable noncompliance for fiscal year 2015 with provisions of applicable laws, regulations, contracts, and grant agreements GAO tested. In commenting on a draft of this report, OFS stated that it is proud to receive unmodified opinions on its financial statements and its internal control over financial reporting. OFS also stated that it is committed to maintaining the high standards and transparency reflected in these audit results.

Why GAO Did This Study

The Emergency Economic Stabilization Act of 2008 (EESA) that authorized TARP on October 3, 2008, requires that TARP, which is implemented by OFS, annually prepare and submit to Congress and the public audited fiscal year financial statements that are prepared in accordance with U.S. generally accepted accounting principles. EESA further requires that GAO audit TARP's financial statements annually.

Gov. McCrory Appeals FEMA’s Denial for Storm Aid For Coastal Counties PDF Print E-mail
Federal Government
By Administrator   
Wednesday, 11 November 2015 06:50

RALEIGH, (SGRToday.com) - An estimated $31 million in flood damage hasn't convinced Federal Emergency Management Agence (FEMA) to provide disaster assistance to eight North Carolina counties, and that denial has prompted Gov. Pat McCrory to appeal the decision.
“We will appeal this denial and I implore Administrator (Craig) Fugate and his staff to re-examine the damage estimates that were submitted,” said the governor in a statement. “Based on FEMA guidelines, we believe the damage estimates submitted are indeed eligible for federal financial assistance.”  
The affected counties are Brunswick, Carteret, Dare, Hyde, New Hanover, Onslow, Pamlico and Pender.

The governor filed his request on October 28, with the state's estimate of $31 million in damage to beaches, roads and infrastructure, as well as required debris removal and emergency protective measures.

To meet the federal guidelines, damage must be more than $13.4 million.

Gov. Pat McCrory To Eulogize Congressman Howard Coble at Memorial Service in Greensboro PDF Print E-mail
Federal Government
By Administrator   
Tuesday, 10 November 2015 06:12

RALEIGH, (SGRToday.com) - Sixth District Congressman Howard Coble will be memorialized Tuesday in Greensboro, the heart of the district he served for decades in Congress.

Gov. Pat McCrory will eulogize Coble, a man the governor has called a friend and mentor.

The service will be held at Westover Church in Greensboro. It is open to the public.

UNC-TV will be sending via satellite live video of the memorial at 12 p.m. They are allowing other outlets to use this feed with the attribution, “Courtesy of UNC-TV.”

Coble passed away last week after a battle with skin cancer. He retired from his congressional seat last year. He was 84.

Last Updated on Tuesday, 10 November 2015 06:19

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