COLUMBUS — Voters in Ohio have approved a ballot measure intended to keep government from requiring Ohioans to participate in any health care system.
NEW YORK — Bank of America Corp. is scrapping its plan to charge a $5 monthly debit card fee. The bank’s decision to drop the fee came after a roar of customer outrage in recent weeks over the fee. Other major banks, including JPMorgan Chase & Co. and Wells Fargo & Co., already canceled tests of similar debit card fees last week.
WASHINGTON — Good news for seniors: The government says Medicare’s basic monthly premium will rise less than expected next year, by $3.50 for most. It could be good, too, for President Barack Obama and Democrats struggling for older Americans’ votes in a close election.
NEW YORK — Higher bank fees are here to stay. The latest third-quarter earnings reports from this week confirm that banks are struggling to make money the old-fashioned way, by lending money to consumers and businesses. The main reason: interest rates are at historic lows. That makes it harder for banks to charge high rates on loans.
WASHINGTON — Social Security recipients will get a raise in January — their first increase in benefits since 2009. It’s expected to be about 3.5 percent. Some 55 million beneficiaries will find out for sure Wednesday when a government inflation measure that determines the annual cost-of-living adjustment is released.
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COLUMBUS — Public schools in Ohio saw their graduation rates drop as districts nationwide move to a new federal formula used to calculate who is finishing high school.
COLUMBUS — Opponents of the new federal health care overhaul say they’ve gathered enough signatures to ask Ohio voters this fall whether the state should amend its constitution to keep people from being required to buy health insurance or face penalties. The amendment’s backers acknowledge that approval of the measure won’t automatically exempt the state from the mandate in President Barack Obama’s health care overhaul. But they say they hope to use the amendment to legally challenge the law.