The report estimated the impact of a potential breach of the debt ceiling under three scenarios: brinksmanship, a short default, and a protracted default. The White House Council of Economic Advisers published a blog post that warned a protracted debt default would lead to the loss of more than 8 million jobs and cut the…
Treasury Secretary Janet Yellen has refused to rule out the possibility of using the 14th Amendment to declare the debt ceiling unconstitutional but emphasized that it would be a “not-good” option. The 14th Amendment says that the “validity of the public debt of the United States, authorized by law, shall not be questioned.” However, Congress…
Connecticut residents who are struggling to pay their winter energy bills have just three weeks left to apply for a one-time direct payment under the Connecticut Energy Assistance Program (CEAP). The program is available to low-income households and offers payments ranging from $250 to $600 to help cover energy costs over the winter Applications for…
The Canadian government has introduced several incentives to encourage citizens to purchase electric vehicles before the country’s upcoming ban on gas-powered cars, which is set to take place by 2035. Canadian Government Introduces Incentives to Encourage Electric Car Purchases Before Gas-Powered Car Ban in 2035 The iZEV program, launched in 2019, offers incentives of up…
The California Reparations Task Force has voted in favor of a $1.2 million reparations payment to be made to all qualifying Black citizens in the state, and an $800 billion package of recommendations for the state legislature to consider. California Reparations Task Force approves $1.2 million in payments to Black citizens and $800 billion in…
Thousands of Landlords made their rental properties for sale ahead of the national government net zero rules that will force the landlords to make costly energy improvements. 65,000 rental owners who put their rental properties for sale In the first three months of this year, data shows that more than 65,000 rental owners put…
Michigan communities have until May 9th to join the national settlement with opioid manufacturers Allergan Pharmaceuticals and Teva Pharmaceuticals, and pharmacies CVS and Walmart. Michigan Communities Have Until May 9th to Join Opioid Settlement for $446 Million in Settlement Money By joining the settlement, local governments would be eligible to share over $446 million in…
The Department of Family and Support Services (DFSS) in Chicago is still accepting applications for the Resiliency Fund 2.0, which provides a one-time $500 relief payment to eligible domestic workers and undocumented residents. Chicago’s Department of Family and Support Services still accepting applications for a $500 relief payment The fund aims to support those who…
The first-of-its-kind task force on reparations in California has voted to approve recommendations on how the state can compensate and apologize to Black Americans for the historic wrongs of slavery. The committee approved several proposals for reparations legislation after two years of deliberation These recommendations include creating a new agency that would provide services to…
A Sharp Rise In Property Tax Give Aches To Homeowners But According To Gov. Jared Polis They Can File An Appeal, in line with a list of requirements. Eye-popping Property Tax Raise A dramatic increase in property tax are felt by Colorado citizens. Gov Jared Polis said they could lessen the effect by…