The nation’s loan program for disaster survivors has fully depleted its funding, the Biden administration announced Tuesday. And lawmakers, who are the only ones who can approve more funding, are scheduled to be out until after Election Day. Without congressional action, the Small Business Administration can’t make new loan offers to people trying to rebuild … Read more
Hurricane Milton, a monstrous storm set to hit western Florida Wednesday night, is poised to deplete the finances of the government’s chronically indebted flood insurance program. Congress is already bracing for a fight over what to do about it. Key lawmakers and aides are beginning to game out the likely impact on the National Flood … Read more
Former President Trump on Monday said he would be in favor of Congress returning early from recess to pass additional aide following Hurricane Helene. “I would be in favor of it, yeah. This is a very unusual situation, and I would be in favor of it,” Trump told reporters in Asheville, N.C., where he toured … Read more
A bipartisan coalition in Congress is calling for the Biden administration to strengthen sanctions on Russia’s oilfield services industry, claiming that current regulations are allowing a major US company to support Vladimir Putin’s war efforts. The group has also requested clarification from the Treasury and State departments regarding transactions involving Houston-based SLB, formerly known as … Read more