← May 14, 2026 briefingPolitics
Vance threatens to cut Medicaid funding over fraud
Vice President JD Vance has warned states that refuse to cooperate with the Trump administration's anti-fraud crackdown that he will 'turn off' their federal Medicaid and Medicare funding. Medicare has already paused new signups for hospice and home healthcare agencies while potential fraud is investigated. Critics argue the move is less about fraud and more about dismantling public health coverage — the programmes together cover over 150 million Americans.
MarketHow many Fed rate cuts in 2026?
Will no Fed rate cuts happen in 2026?70% chance
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