Texas Governor Greg Abbot has signed House Bill 12 into law, providing low-income mothers in the state with improved healthcare coverage. Under the new legislation, new mothers will be eligible for Medicaid coverage for a full year instead of the previous two-month period This move is being hailed as a significant victory for Texas mothers…
A recent report from the Annie E. Casey Foundation (AECF) sheds light on the childcare crisis in America, revealing the tremendous financial burden it places on parents and the resulting economic ripple effects. The report highlights that 13% of children aged 5 and younger have seen their families face job changes due to childcare issues,…
Despite the state’s booming tax revenues and substantial federal aid, DeSantis vetoed approximately $510 million from the approved $117 billion budget, a move that has raised eyebrows. Florida Governor Ron DeSantis has drawn criticism for his recent budget cuts, which included slashing funding for Black history projects and gun violence prevention programs The governor’s decision…
These entities will be engaged in initiatives aimed at advancing the transition to green energy. The Biden administration, under the leadership of President Joe Biden, has unveiled plans to provide financial support amounting to $135 million to universities, laboratories, and businesses The Department of Energy (DOE), headed by President Biden, will be responsible for funding…
The president aims to raise federal taxes by $4.7 trillion and increase spending by $1.8 trillion over the next decade, stating that this plan would reduce the 10-year deficit by $2.9 trillion. The focus in Congress has shifted from resolving the federal debt ceiling “crisis” to addressing the federal budget for the fiscal year 2024,…
The company reported revenues of $26.97 billion in the fiscal year 2023, $26.91 billion in 2022, and $16.67 billion in 2021. Nvidia, the latest addition to the trillion-dollar club, has come under scrutiny for paying surprisingly low amounts of federal taxes despite its staggering revenue Its annual income tax payments during that period amounted to…
The alarming rise in eviction filings by landlords is fueled by escalating rents and a persistent shortage of affordable housing. Evictions have surged across the United States as pandemic protections come to an end, leaving millions of vulnerable tenants facing homelessness Many low-income tenants no longer have access to pandemic resources that had helped keep…
Although the recent agreement to raise the U.S. debt ceiling temporarily averted an economic crisis, it deferred addressing major budgetary issues such as Social Security. Social Security could face potential cuts as part of efforts to reduce the U.S. deficit, according to recent developments in budget negotiations House Speaker Kevin McCarthy plans to establish a…
This new policy aims to address the pressing issue of homelessness in our city and offer greater support to those in need. Mayor Adams has announced a significant change to the “90-day rule,” which mandated a three-month stay in a homeless shelter before individuals could become eligible for a housing voucher to assist with rental…
The decision comes as a result of rising costs that exceeded initial budget projections. Illinois Governor J.B. Pritzker’s administration has announced the closure of enrollment for a state-funded health insurance program for immigrants under 65 who are residing in the country without legal permission The move has faced criticism from Latino legislators and an immigrant…