The Waldorf’s Presidential Suite Isn’t Very Presidential Anymore

The Waldorf’s Presidential Suite Isn’t Very Presidential Anymore

REUTERS/Brendan McDermid
By Suelain Moy

Months after the Waldorf Astoria was sold to a Chinese company, the State Department is abandoning a decades-long tradition of putting up U.S. diplomats at the storied hotel on New York’s Park Avenue.

This fall President Obama and state department officials will not be staying at the Waldorf for the opening of the U.N. General Assembly and will check into the New York Palace Hotel instead.

According to the New York Post, “every U.S. president since Herbert Hoover” has stayed in the presidential suite at the Waldorf when visiting New York, including President Obama. Presidential artifacts in the suite include President Jimmy Carter’s eagle desk set, one of President John F. Kennedy’s rocking chairs, a gold oval mirror from Ronald Reagan, and the personal desk of General Douglas MacArthur. The hotel is the site of Chinese history as well. On his first historic trip to the U.S. in 1974, Chinese leader Deng Xiaoping stayed at the Waldorf and attended a banquet given in his honor by then Secretary of State Henry Kissinger.

Related: U.S. Reviews Waldorf Astoria Sale to Chinese Firm

The $1.95 billion sale of the 47-story tower to the Beijing-based Anbang Insurance Group first raised eyebrows in Washington last October. Even though the previous owner, Hilton Worldwide Holdings, will continue to manage the hotel for the next 100 years, news of a “major renovation” sparked fears of possible Chinese cyber-espionage and surveillance.

Those fears were further heightened earlier this month when U.S. officials blamed Chinese hackers for a massive cyberattack targeting the U.S. Office of Personnel Management, exposing sensitive information about 4 million current and former federal workers. China has denied any involvement.

Increasing Number of Americans Delay Medical Care Due to Cost: Gallup

iStockphoto
By The Fiscal Times Staff

From Gallup: “A record 25% of Americans say they or a family member put off treatment for a serious medical condition in the past year because of the cost, up from 19% a year ago and the highest in Gallup's trend. Another 8% said they or a family member put off treatment for a less serious condition, bringing the total percentage of households delaying care due to costs to 33%, tying the high from 2014.”

Number of the Day: $213 Million

A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington
Jonathan Ernst
By The Fiscal Times Staff

That’s how much the private debt collection program at the IRS collected in the 2019 fiscal year. In the black for the second year in a row, the program cleared nearly $148 million after commissions and administrative costs.

The controversial program, which empowers private firms to go after delinquent taxpayers, began in 2004 and ran for five years before the IRS ended it following a review. It was restarted in 2015 and ran at a loss for the next two years.

Senate Finance Chairman Chuck Grassley (R-IA), who played a central role in establishing the program, said Monday that the net proceeds are currently being used to hire 200 special compliance personnel at the IRS.

US Deficit Up 12% to $342 Billion for First Two Months of Fiscal 2020: CBO

District of Columbia
By The Fiscal Times Staff

The federal budget deficit for October and November was $342 billion, up $36 billion or 12% from the same period last year, the Congressional Budget Office estimated on Monday. Revenues were up 3% while outlays rose by 6%, CBO said.

Hospitals Sue to Protect Secret Prices

iStockphoto/The Fiscal Times
By The Fiscal Times Staff

As expected, groups representing hospitals sued the Trump administration Wednesday to stop a new regulation would require them to make public the prices for services they negotiate with insurers. Claiming the rule “is unlawful, several times over,” the industry groups, which include the American Hospital Association, say the rule violates their First Amendment rights, among other issues.

"The burden of compliance with the rule is enormous, and way out of line with any projected benefits associated with the rule," the suit says. In response, a spokesperson for the Department of Health and Human Services said that hospitals “should be ashamed that they aren’t willing to provide American patients the cost of a service before they purchase it.”

See the lawsuit here, or read more at The New York Times.

A Decline in Medicaid and CHIP Enrollment

Dr. Benjamin Hoffman speaks with Nancy Minoui about 9 month old Marion Burgess, who suffers from a chronic heart condition, at an appointment at the Dornbecher Children's hospital in Portland
NATALIE BEHRING
By The Fiscal Times Staff

Between December 2017 and July 2019, enrollment in Medicaid and the Children's Health Insurance Program (CHIP) fell by 1.9 million, or 2.6%. The Kaiser Family Foundation provided an analysis of that drop Monday, saying that while some of it was likely caused by enrollees finding jobs that offer private insurance, a significant portion is related to enrollees losing health insurance of any kind. “Experiences in some states suggest that some eligible people may be losing coverage due to barriers maintaining coverage associated with renewal processes and periodic eligibility checks,” Kaiser said.