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$200 Billion Potentially Stolen in COVID-19 Relief Programs

Over $200 Billion Potentially Stolen in COVID-19 Relief Programs, Federal Watchdog Report Reveals

The U.S. Small Business Administration (SBA) inspector general’s report emphasizes the susceptibility of the Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) programs to fraudsters, particularly during the early stages of the pandemic. New estimates from a federal watchdog reveal that over $200 billion may have been stolen from two major COVID-19…

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Maxine Waters

New California Bill To Expand Affordable Housing For Low-Income Families Amidst Increasing Homelessness Rates

A new California bill will expand relief for affordable housing for low-income families amidst the increasing homelessness rates in the state. California Bill Will Provide More Funding for Low-Income Housing to Combat Homelessness Crisis With the increasing homelessness rates in the state, a new California bill aims to provide more affordable housing for low-income families,…

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Borrowers Brace for Student Loan Payments

Borrowers Brace for Student Loan Payments Resuming in October, Urged to Prepare for Potential Challenges

Since the start of the COVID-19 pandemic, the Trump administration implemented a pause on student loan payments, providing relief to borrowers. Student loan borrowers are being advised to prepare for the resumption of payments in October, which could be a challenging experience for millions of people However, this pause will end soon, and borrowers need…

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GOP Criticizes Biden Administration

GOP Criticizes Biden Administration for Sending $28 Million to UN Climate Fund

House Foreign Affairs Committee Chairman Michael McCaul, a Texas Republican, has raised concerns over the Biden administration’s decision to transfer $28 million to the United Nations Green Climate Fund. GOP Lawmakers Criticize Biden Administration for $28 Million Transfer to UN Climate Fund, Citing Oversight Concerns and Funding to China McCaul argues that the transfer lacks…

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Small Business Administration

SBA Management Receives Criticism After Disbursing Over $200 Billion Amidst Pandemic Loan Fraud

The SBA management received criticism after disbursing over $200 billion amidst the pandemic loan fraud. Inspector General Reveals SBA Management Disbursed More Than $200 Billion In Potential COVID-19 Loans Fraud The Inspector General of the Small Business Administration Office revealed a report that stated the Small Business Administration (SBA) management disbursed more than $200 billion…

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WA Cares: Revolutionizing Long-Term Care Financing for a More Inclusive Future

WA Cares, a new program introduced in Washington, aims to provide long-term care benefits for individuals who can no longer live independently due to illness, injury, or aging-related conditions. Initiative Crucial For Anthony Jones, 41, With Lupus, Unable To Qualify For Private Insurance This initiative is particularly significant for individuals like Anthony Jones, a 41-year-old…

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Challenging Funding Inequities: Empowering Black Students in California’s Public Education System

During a recent gathering organized by the Black in School Coalition (BISC), a powerful force emerged in the form of over 2,500 K-12 students, parents, education advocates, and civil rights leaders marching to the California State Capitol. Their resounding demand? Increased funding for Black students in the state’s public schools. BISC, a statewide advocacy association…

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Landmark Supreme Court Case to Determine Education Benefits for Post-9/11 Veterans

The Supreme Court has agreed to hear a significant case that could have far-reaching implications for approximately 1.7 million post-9/11 veterans, potentially unlocking billions of dollars in education benefits. The case revolves around the question of whether veterans who qualify for both the Montgomery GI Bill and the Post-9/11 GI Bill should be allowed to…

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Moody’s Analytics Warns of Looming Crisis in San Francisco’s Commercial Real Estate Market

According to a recent client note from Moody’s Analytics, San Francisco’s commercial real estate market continues to face significant risks, potentially leading to a cascade effect of property defaults. The spotlight is now on the city’s office properties, which are grappling with record-high vacancy rates and distressing sales, as owners of the largest mall and…

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