Biden’s reelection pitch that he can govern well faces daunting challenges with debt, border, more

A showdown with Congress that has the nation’s creditworthiness at stake; a frenzied scene at the border as pandemic restrictions ease; a pivotal foreign trip meant to sustain support for Ukraine and contain a more assertive China in the Indo-Pacific. The Washington Times stories: White House

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

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…

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8 Things to Know About Biden’s Fiscal 2024 Budget, From Bad to Worse

When discussing budgets, President Joe Biden often uses a quote that he attributes to his father: “Don’t tell me what you value. Show me your budget—and I’ll tell you what you value.” If the administration’s latest budget is any indication, Biden doesn’t value America’s future. 1) More Spending and Debt A president’s budget is a request to Congress and can be thought of as a wish list rather than an all-or-nothing demand. Administrations typically lay out an ambitious policy agenda that’s unlikely to happen. Incredibly, even the Biden administration’s wish…

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MoveOn: Biden’s State of the Union a “Bold, People-First Playbook to Finish the Job and Deliver for the American People”

Washington, D.C. – Statement from MoveOn Executive Director Rahna Epting on tonight’s State of the Union address by President Biden: “Tonight, the American people heard President Biden detail the hard-fought progress of the last two years to build an economy that works for everyone, defend our democracy,  lower unemployment, and rebuild our nation from the pandemic. On everything from making health care more affordable to fighting climate change and protecting Social Security and Medicare, the president shared a bold, people-first playbook to finish the job and deliver for the American…

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