• White House economic adviser appears to compare shutdown to 'vacation' for furloughed workers

    5 monthes ago - By Politico

    Federal workers furloughed due to the government shutdown may be “better off” after they return to work because they essentially are getting a free vacation, White House economic adviser Kevin Hassett said this week. President Donald Trump's chief economic adviser made the suggestion in an interview on PBS Newshour. He said many of the 800,000 federal employees affected by the three-week partial government shutdown had been planning to take vacation days around the Christmas and New Year holidays, and thus wouldn't have worked during parts of the shutdown anyway - but now they get to keep...
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  • Federal workers affected by the government shutdown have more than $400 million in mortgage and rent payments due this month, and it could cause chaos for the US housing market

    Federal workers affected by the government shutdown have more than $400 million in mortgage and rent payments due this month, and it could cause chaos for the US housing market

    5 monthes ago - By Business Insider

    The ongoing federal government shutdown could start affecting the US housing market soon.
    Federal workers not receiving pay owe $249 million in mortgage payments and $189 million in rent payments this month, according to Zillow.
    Some federal housing programs such as Federal Housing Administration loans, Veterans Affairs loans, and USDA loans are experiencing delays.
    Additionally, the Department of Housing and Urban Development cannot pay rental assistance to landlords who provide roughly 100,000 low-income Americans with affordable housing.
    The ongoing government shutdown looks like it may...
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