The federal debt increased by $6,238,231,285,652.06 between Jan. 20, 2021, the day President Joe Biden was inaugurated, and Jan. 2, 2023, the last day for which the debt has been reported.
That equals $47,462.84 for each of the 131,434,000 households that the Census Bureau estimates were in the United States in 2023.
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Just to maintain the same standard of living that Americans had at the beginning of President Joe Biden’s term, households have to spend an additional $11,434 per year, according to CBS News.
Since January 2021, when Biden first took office, inflation has risen 17%, far outpacing the 2% per year that the Federal Reserve aims for, while average hourly wages have only increased 13.6%, according to the Congressional Joint Economic Committee’s (JEC) state inflation tracker. As a result, more Americans reported that they are struggling financially than they did before the COVID-19 pandemic as persistent inflation continues to take its toll, according to CBS News.
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Through a special application and lottery process in September, Arlington, Virginia, is opening up the waitlist for its Housing Choice Voucher Program for the first time in more than 10 years.
The process will add 5,000 people to the housing voucher waitlist, likely keeping the list full for years to come, according to the local agency that manages the Arlington Housing Choice Voucher Program.
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It will cost Minnesota taxpayers $25 million in fiscal year 2023 to expand high-speed broadband access across the state if the governor signs a bill both legislative houses passed this week.
HF 4366, an omnibus agriculture and housing bill, includes increasing availability of grant funding for broadband from 50% to 75% of the total cost of a project, or up to $10 million, rather than a $5 million limit. Under the bill, the Office of Broadband Development must report to broadband policy and finance committees’ leaders by the end of 2022 how the bill changes the number and amounts of grants awarded.
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Up to 1.95 million households across America will owe a collective $15 billion in back rent when the eviction moratorium expires Saturday, the Federal Reserve Bank of Philadelphia estimates.
That number will reach 2 million by December, according to the report released Friday. In Pennsylvania, about 60,000 renter households will owe $412 million come August.
The U.S. Centers for Disease Control and Prevention (CDC) made one final 30-day extension of the Emergency Rental Assistance Program through July 31. President Joe Biden’s administration said its “hands are tied” by the courts on the matter and any further relief must come from Congress itself.
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