#covid-federal-relief

#covid-federal-relief

The insights from this report help us think about potential gaps in the loss mitigation waterfall and the types of homeowners who may benefit from targeted support when they experience a crisis.

Forgive me, this is embarrassing. All the noise, we just need to turn off. Listen to this, this is it. We're all just sitting there, screaming and yelling at each other, everybody's getting at each other's throats, trying to tear everybody down, and how are we going to get out of this? This is it.

An update to the tax code will enable some car buyers to write off their monthly payments on their taxes this year, with significant caveats for eligibility.

September, or more likely October, is now the realistic opportunity for a rate cut, and even that is far from guaranteed. The data coming through is not consistent with easing in July. In fact, it points in the opposite direction. Inflation is not falling fast enough. The latest wholesale inflation data shows prices rising at 3.4% year-on-year, the strongest pace in a year, and core measures are still running close to 4%.

Under the SAVE plan, a borrower's monthly payment would be calculated based on income and family size and could be set as low as $0 per month for the lowest-earning borrowers.

The bulk of the money Missouri gives to its crisis pregnancy centers comes from federal funds meant to assist families experiencing poverty with basic necessities and child care, Republican Rep. Jason Smith said on the U.S. House floor in January. As many as $3 of every $4 for pregnancy centers in Missouri was from the federal Temporary Assistance for Needy Families program in 2024, and in the 2026 fiscal year, it will be $2 out of $3.

The Trump administration has reportedly slashed U.S. federal funding for mental health and addition programs, a move that experts say will exacerbate the country's already acute drug crisis. The loss could total some $2 billion in grants from the Substance Abuse and Mental Health Services Administration (SAMHSA), NPR reported, citing unnamed sources. But the extent of the cuts has not been verified. The number of grants canceled could be as high as 2,800, according to STAT.

As tensions simmer between the European Union and the U.S. over the Trump administration's trade policies and its play for Greenland, we've been hearing about the EU's economic "bazooka." What is it? AILSA CHANG, HOST: Things are quite tense right now between the U.S. and the European Union. Sources of that tension include the Trump administration's trade policies and its play for Greenland, which, in turn, has led to talk about the EU's anticoercion mechanism, also known as its economic bazooka.

U.S. employers added a surprisingly strong 130,000 jobs last month, but government revisions cut 2024-2025 U.S. payrolls by hundreds of thousands. The unemployment rate fell to 4.3%, the Labor Department said Wednesday. The report included major revisions that reduced the number of jobs created last year to just 181,000, a third the previously reported 584,000 and the weakest since the pandemic year of 2020. The job market has been sluggish for months even though the economy is registering solid growth.

These new restrictions-which can be found throughout the appropriations bill for the Department of Education and other sections of the 11-part funding package that was signed into law last week-are part of what policy experts describe as a bipartisan attempt to rebuke the Trump administration's budget proposal and restore Congress's power of the purse. Historically, the language of these budget bills has largely stayed the same, serving as little more than a template into which lawmakers plug that year's dollar amounts and policy riders.

Ben Casselman reporting for the New York Times: The Bureau of Labor Statistics will not release monthly jobs numbers on Friday as scheduled because of the partial government shutdown, said Emily Liddel, an associate commissioner for the bureau. The report, one of the most closely watched economic indicators each month, would have provided data on job growth, unemployment and wages in January, as well as annual revisions to employment estimates from 2024 and 2025.

Rollins asked Walz and Frey to provide the USDA with justification for all federal spending from 20 January 2025 to the present within 30 days. She is also requiring that all federal payments to the state moving forward require the same justification. We're communicating with state partners to understand the impacts of such a blanket cut to funding meant for residents most in need, Brian Feintech, a spokesperson for the city of Minneapolis, told the Guardian in a written statement in response to Rollins' letter.

Once we get past this issue, there's decent agreement on everything else,