Economy

 
 

The federal government has spent at least $20 billion in taxpayer money this year on items and services that it is permitted to keep secret from the public, according to an investigation by the News4 I-Team.

 
 

Hungary has decided to shelve a proposed tax on internet data traffic after mass protests against the plan.

"This tax in its current form cannot be introduced," Prime Minister Viktor Orban said on Friday.

Large-scale protests began on Sunday, when demonstrators hurled old computer parts at the headquarters of Mr Orban's ruling Fidesz party.

The draft law - condemned by the EU - would levy a fee on each gigabyte of internet data transferred.

 
 

(Reuters) - Hedge funds and other rapid-fire investors get access to market-moving documents before other users of the Securities and Exchange Commission's system for distributing company filings, giving them a possible edge on the rest of the market, the Wall Street Journal reported, citing two independent studies.

The two sets of researchers have been examining when paying subscribers receive SEC filings compared with when they become available on the agency's website, the newspaper reported.

 
 

The Affordable Care Act was supposed to make health care more affordable, but a newly released study of insurance policies before and after Obamacare shows that average premiums have skyrocketed, for some groups by as much as 78 percent.

Average insurance premiums in the sought-after 23-year-old demographic rose most dramatically, with men in that age group seeing an average 78.2 percent price increase before factoring in government subsidies, and women having their premiums rise 44.9 percent, according to a report by HealthPocket scheduled for release Wednesday.

 
 

ot that the timing makes it any more egregious, but six days after being named the 17th richest member of Congress, it’s being reported that U.S. Rep. Alan Grayson‘s estranged wife has been issued an EBT card to help feed his children.
Lolita Grayson was approved for public assistance by the state of Florida, and their four minor children — they have five children altogether — are also enrolled in the free lunch program in Orange County schools, according to ABC affiliate WFTV.
The stay-at-home mom was asked if she ever thought she’d be on food stamps.

 
 

The Northeast, once the nation’s political engine that produced presidents, House speakers and Senate giants including the late Edward M. Kennedy, is losing clout in Washington as citizens flee the high-tax region, according to experts worried about the trend.

The Census Bureau reports that population growth has shifted to the South and the result is that the 11 states that make up the Northeast are being bled dry of representation in Washington.

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