All articles tagged with #emergency funding
The Trump administration announced it will provide 50% of usual SNAP benefits using contingency funds amid a prolonged government shutdown, following a court order and legal debates on funding sources, causing delays and uncertainty for nearly 42 million recipients.
The White House has requested $58 million in emergency funds to enhance security for the Supreme Court and lawmakers following threats and the politically motivated killing of Charlie Kirk, highlighting rising concerns over political violence and the need for increased protective measures.
The article discusses options for individuals with bad credit in the US to obtain personal loans up to $1000 with guaranteed approval through Honest Loans, highlighting their features such as quick approval, flexible terms, and the importance of understanding loan conditions before borrowing.
The cleanup effort to reopen the Port of Baltimore following the collapse of the Francis Scott Key Bridge is underway, with the Navy mobilizing heavy lifting equipment to remove debris from the water. The timeline for reopening the port remains uncertain, impacting thousands of jobs and prompting Maryland lawmakers to draft emergency legislation for income replacement. Four individuals remain missing and presumed dead, while federal support, including an initial $60 million in emergency funding and a pledge from President Biden to cover the entire reconstruction cost, is incoming.
The Biden administration summoned UnitedHealth CEO Andrew Witty and other health industry leaders to address the ongoing national health payment crisis caused by a cyberattack on Change Healthcare, a subsidiary of UnitedHealth. The administration urged UnitedHealth to provide emergency funding to affected health-care providers and pressed for more transparency in handling the situation. Meanwhile, health-care groups are struggling to fund their operations as the payment paralysis enters its third week, prompting concerns about the potential threat to some organizations' existence. Federal officials have taken steps to release emergency funds for affected providers, but the crisis has raised cybersecurity concerns and highlighted the vulnerability of the U.S. health system to cyberattacks.
The Senate passed a $95 billion emergency defense spending bill with 22 Republicans joining Senate Democrats, following an all-night filibuster. The bill includes funding for Ukraine and Israel, but faces uncertainty in the House. Speaker Mike Johnson indicated he would not put it up for a vote, and former President Trump and his allies oppose giving more money for Ukraine. The package also includes humanitarian assistance for Palestinians and funds for U.S. allies in the Indo-Pacific.
Online luxury retailer Farfetch is reportedly in talks with Apollo Global Management to secure emergency funding in order to strengthen its financial position. The talks are part of Farfetch's efforts to secure new financing, with Apollo being one of several firms in discussion. It remains unclear whether the funding will be provided as debt or equity, or a combination of both. Farfetch's credit rating was recently downgraded by Moody's, and the company has been grappling with weakening demand in the US and China.
Tillamook County in Oregon experienced its highest flood levels in over six years, causing at least $2.5 million in damages to local roads. The heavy rainfall resulted in coastal highways being swamped, county roads being washed out, and drivers being trapped in floodwater. The flooding was not as severe as previous flood seasons, but significant infrastructure damage occurred. With one road currently impassable, Highway 101 is the only direct route between Tillamook and the rest of the North Coast. The county is working to install a permanent bridge to ensure connectivity along the damaged road.
The White House is requesting an additional $4 billion in emergency funding from Congress to assist with the costs of recent natural disasters in Hawaii, Florida, and other parts of the country. The initial request for $12 billion was increased to $16 billion due to the fires in Maui and Louisiana, flooding in Vermont, and Hurricane Idalia in Florida. The funding is part of a larger emergency funding request of $44 billion, which includes costs related to the war in Ukraine and migrants at the southern border. Congress is expected to address the request when they return from recess next week.
Temporary lanes on I-95 in Pennsylvania will reopen this weekend, ahead of the originally projected two-week timeline, after a collapse left the major infrastructure hub impassable. The Pennsylvania Department of Transportation is using recycled glass aggregate to fill the damaged section, and the overall cost of the project is estimated to be between $25 and $30 million. U.S. Senators Bob Casey and John Fetterman, along with U.S. Rep. Brendan Boyle, have announced $3 million in federal emergency funding directed to PennDOT to assist with repairs.
Lucas County Commissioners have amended the county’s Prevention, Retention, and Contingency (PRC) Plan to allow direct payments to seniors and families with children under 18 who were affected by the tornadoes that hit the area last week. The direct payments can be used to cover emergency expenses from the tornadoes, including temporary housing, appliances, utility assistance, home repairs that ensure health and safety, and personal expenses like food and hygiene products. Ohio Governor Mike DeWine is scheduled to visit Point Place on Tuesday afternoon following last week’s EF-2 tornado that left widespread damage and power outages for much of the area.
In 2008, amid a market panic and higher Libor rates, six central banks including the US Federal Reserve and the Bank of England launched a coordinated cut in official interest rates to get real borrowing rates down. This unprecedented intervention was prompted by a brainstorming event at the Peterson Institute in Washington, as emergency funding was announced to recapitalise UK banks.
Oregon Governor Tina Kotek expressed disappointment in Portland and Multnomah County officials for not providing clear plans on how to spend state emergency funding to address the homeless crisis. Kotek signed a $200 million funding package last month to rehouse 1,200 households and create over 600 new shelter beds by the end of the year. While Kotek tentatively approved funding for Portland and Multnomah County, she denied funding for Clackamas County due to a lack of confidence in their ability to increase shelter beds. Other counties, such as Lane County, provided clear plans on how to use state funds.
Virgin Orbit is preparing for insolvency in case it fails to secure emergency funding this week. The company paused all operations and furloughed most of its employees after experiencing a mid-flight rocket failure two months ago. Virgin Orbit leaders are meeting with prospective investors to restart operations. The company has made four successful missions and launched 33 satellites into orbit since its creation in 2017 by Richard Branson.