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How Biden’s Plan to Penalize Responsible Homebuyers Could Ravage Retirement Savings by $31,000

May 1, 2023 Savings, Penalize, Homebuyers, Ravage, $31000, could, Responsible, plan, retirement, Biden's0 comment

The Federal Housing Finance Authority just announced it will hike the loan-level pricing adjustment fee on homebuyers with high credit scores and redistribute those funds to borrowers with low credit scores. That’s not an insignificant change. Under the new loan-level pricing adjustment matrix, a borrower with a 740 FICO score and a down payment of just under 20% will pay a 1% loan-level pricing adjustment fee. That’s quadruple the prior risk assessment of 0.25%. At the same time, the loan-level pricing adjustment fee for many borrowers with bad credit will…

The New Pro-life Movement Has a Plan to End Abortion

April 19, 2023 movement, abortion, plan, ProLife0 comment

The unpleasant reality facing the anti-abortion movement is that most Americans don’t actually want to ban abortion. This explains why the pro-life summer of triumph, after the U.S. Supreme Court overturned Roe v. Wade, led to a season of such demoralizing political outcomes. Voters in Montana, Kansas, and Kentucky in November rejected ballot measures to make abortion illegal; just last month, in Wisconsin, voters elected an abortion-rights supporter to the state supreme court. Yet the movement’s activists don’t seem to care. Thirteen states automatically banned most abortions with trigger laws…

White House $1.6B COVID fraud plan gives federal watchdogs increased staffing

March 2, 2023 House, gives, White, plan, federal, increased, Covid, $1.6B, watchdogs, staffing, Fraud0 comment

The Biden administration is asking Congress to give federal watchdogs and prosecutors more funding — and more time — to go after billions of dollars in COVID-19 spending lost to fraudsters. The White House is seeking $ 1.6 billion to help federal law enforcement and agency inspectors general handle a growing caseload of pandemic-related fraud claims. The spending request issued Thursday previews some of what the Biden administration will include in its fiscal 2024 budget proposal, which it expects to release next week. It also includes many of the recommendations…

Can a 10-year federal infrastructure plan really sustain itself for 10 years

November 10, 2022 plan, federal, really, Years, itself, infrastructure, 10year, sustain0 comment

Best listening experience is on Chrome, Firefox or Safari. Subscribe to Federal Drive’s daily audio interviews on Apple Podcasts or PodcastOne. The action plan from the Biden administration for the Infrastructure Bill seeks to ensure projects across the nation get done on time and on budget. They’ve already hired 2,500 people to help state, local and tribal governments. But the plan has a 10-year horizon. And that could spell trouble. The Federal Drive with Tom Temin gets analysis from Professor Bob Tobias of American University. Interview transcript: Tom Temin: And Bob, this…

Biden Claims Congress ‘Passed’ His Student Loan Forgiveness Plan. It Didn’t.

October 25, 2022 Congress, Biden, Claims, plan, passed, student, loan, didn't, Forgiveness0 comment

President Joe Biden recently said Congress approved his plan to “forgive” student loan debt. While talking with a group of young people at the White House during an on-camera interview published Sunday by NowThis News, Biden said he had “just signed a law” that would forgive $ 20,000 in student debt for Pell Grant recipients and $ 10,000 for all borrowers earning less than $ 125,000 a year. “It’s passed. I got it passed by a vote or two, and it’s in effect,” Biden said. Actually, Biden used executive action…

Biden’s USPS board nominees plan to oversee reforms envisioned by Congress

March 31, 2022 Congress, plan, Board, Reforms, Nominees, Biden's, oversee, USPS, envisioned0 comment

President Joe Biden’s latest nominees to serve on the Postal Service’s Board of Governors are planning to oversee sweeping reforms at the agency, if confirmed. Dan Tangherlini, the former head of the General Services Administration, and Derek Kan, a former deputy director of the Office of Management and Budget, told the Senate Homeland Security and Governmental Affairs Committee they would take a closer look at some lawmakers’ top priorities at the agency. Those priorities include electric vehicles and the agency’s next-generation vehicle fleet, a data dashboard meant to track USPS…