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Articles

Fannie-Freddie foreclosure suspension extended to year’s end

August 27, 2020 | Bloomberg News

Fannie and Freddie, which backstop about $5 trillion of home loans, will also extend their moratorium on evictions from real-estate owned properties until at least Dec. 31, the Federal Housing Finance Agency said.

Powell edges toward loosening the Fed’s stance on inflation

August 26, 2020 | Associated Press

Behind the Fed’s new thinking is an ailing economy in the grip of a viral pandemic and a stubbornly low inflation rate that has long defied the Fed’s efforts to raise it.

White House official: More executive actions in works as airline furloughs loom

August 26, 2020 | The Washington Post

The pandemic has caused airline travel to fall sharply, decimating revenue. Travel has recovered somewhat from very low points in March and April, but it still hasn’t come back to its pre-pandemic levels.

City working to reduce rent-relief waiting list of 25,000

August 26, 2020 | Samm Quinn

To date, the city has distributed about $6.6 million to 3,390 households,

Low rates, heavy buyer demand send U.S. home sales surging

August 21, 2020 | Associated Press

In the midst of the pandemic-induced recession, housing has emerged as one of the few resilient sectors of the economy.

Report shows small rise in homelessness in Marion County prior to pandemic

August 20, 2020 | Samm Quinn

The count was taken in January, so it doesn’t consider the number of people newly experiencing homelessness because of the pandemic.

Hogsett’s $1.3 billion budget ‘threading a needle’ to stay balanced

August 10, 2020 | Samm Quinn

The proposed budget takes in $113,884 more than it spends, leading Indianapolis Mayor Joe Hogsett’s administration to characterize it as the fourth consecutive balanced budget since he took office in 2016.

City-County Building

Trump’s executive orders spark confusion; Democrats assail them as ‘unworkable’

August 9, 2020 | The Washington Post

President Trump’s directives were aimed at offering new unemployment benefits, protecting renters and postponing the payment of a federal tax. But an array of economists and lawmakers depicted these policies as unworkable or legally questionable.

In executive actions, Trump extends jobless benefit, defers payroll taxes

August 8, 2020 | The Washington Post

Two measures signed by President Trump on Saturday aim to provide $400 in weekly unemployment aid and defer payroll tax payments for people who earn less than $100,000. Two others are related to eviction protections and student loan relief.

White House, Democrats try to revive coronavirus relief talks

August 7, 2020

White House adviser Larry Kudlow said Friday that President Trump is poised to sign executive orders deferring payroll taxes and taking other steps to address the weak economy if there’s no deal with congressional Democrats.

Pandemic thrusts downtown’s homelessness problem to fore

August 7, 2020 | Samm Quinn

For weeks, camps of people experiencing homelessness and those suffering from substance use disorders have settled in on Monument Circle and near City Market.

White House, Democrats still far apart on virus relief deal

August 7, 2020 | The Washington Post

White House officials and Democratic leaders ended a three-hour negotiation Thursday evening without a coronavirus relief deal or even a clear path forward, with both sides remaining far part on critical issues.

Trump readies executive actions for pandemic relief ahead of key negotiating session

August 6, 2020 | The Washington Post

With talks on a coronavirus relief bill appearing to falter, President Donald Trump told reporters that he was preparing to sign executive orders as soon as Friday that would extend enhanced unemployment benefits, offer an eviction moratorium and provide a payroll tax cut.

Indiana adding $15 million to pandemic rental assistance program

August 5, 2020 | Samm Quinn

To date, more than 24,000 Hoosiers have submitted an application seeking rental assistance through the program, which launched July 13.

Urgency grows on virus relief legislation, but sides still far apart

August 4, 2020

Frustrated Senate Republicans re-upped their complaints Tuesday that Democratic negotiators are taking too hard a line in talks on a sweeping coronavirus relief bill.

Virus relief bill remains up in air as negotiations resume

August 3, 2020 | Associated Press

Both the Trump administration negotiating team and top Capitol Hill Democrats remain far apart, and talks since Saturday—when the combatants announced modest progress—have yet to lend momentum.

U.S. lawmakers say deal on coronavirus relief remains elusive

August 2, 2020 | The Washington Post

U.S. House Speaker Nancy Pelosi, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows made clear in separate interviews Sunday that they remain far apart on another pandemic relief package.

Congress deeply unpopular again as gridlock on coronavirus relief has real-life consequences

August 1, 2020

Over the past two months, congressional approval ratings have crashed downward, after a sudden previous bump in approval. Fewer than 1 in 5 voters say they like what lawmakers are doing on Capitol Hill, according to the Gallup Poll.

Trump offers, but Democrats reject short-term fix for $600 jobless benefit

July 31, 2020

Democratic leaders panned the idea in late-night talks at the Capitol, opting to keep the pressure on for a much more expensive and sweeping bill.

Coronavirus relief package talks hit impasse on Capitol Hill

July 29, 2020

A meeting between top White House officials and Democratic leaders ended with no agreement on extending emergency unemployment benefits that expire on Friday, or on reviving a moratorium on evictions that lapsed last week.

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