Existing-home sales declined 2.7% in June as prices hit record highs, according to the National Association of Realtors.
The total housing inventory hit 1.53 million units, down 0.6% from May but up 15.9% from June 2024 (1.32 million). The U.S. has a 4.7-month supply of unsold inventory, up from 4.6 months in May and four months in June 2024. A six-month supply is generally considered a balanced market.
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The Trump administration’s Joint Task Force to Combat Antisemitism on Monday announced it was freezing $2.2 billion in federal funding for Harvard, after the Ivy League school declared it would not comply with the administration’s demands.
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Harvard University on Monday announced that it will not comply with demands from the Trump administration, even as the administration threatens to withhold federal funding.
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Inflation rose slightly in October despite a massive slowdown in job growth in the same month, according to a Bureau of Labor Statistics (BLS) report released Wednesday.
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Republican Rep. Bob Good of Virginia introduced a bill on Friday that would prevent the use of federal funds on two of President Joe Biden’s top climate programs, according to a copy of the bill obtained by the Daily Caller News Foundation.
The No American Climate Corps Act would prohibit the Biden administration from deploying federal funds to bankroll the American Climate Corps program and the Justice40 Initiative; both programs are signature elements of Biden’s sweeping climate agenda. The American Climate Corps is a green jobs training program, while the Justice40 Initiative fuses principles of social justice into the administration’s massive green spending, establishing an administration-wide goal to have 40% of the overall benefits of climate spending flow to “disadvantaged communities.”
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As part of the “Internet for All” initiative, Virginia is set to receive $1.4 billion in federal funds, while Maryland is poised to receive $267 million to expand broadband access across both states.
The program aims to level economic and educational playing fields by providing reliable internet access to “unserved and underserved locations.”
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While U.S. intelligence has been unable in two years to determine for sure if COVID-19 leaked from a Chinese lab, Congress has decided it no longer wants to take the risk of funding medical research at labs controlled by Beijing or other American adversaries.
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Sen. Marco Rubio, R-Fla., is leading a coalition of Republicans in Congress to sponsor legislation that would ban federal funding to states or localities that allow foreigners to vote in U.S. elections.
The new legislation, dubbed the Protecting Our Democracy by Preventing Foreign Citizens from Voting Act, was introduced after many liberal municipalities from San Francisco to New York have moved in 2021 to allow non-citizens to cast ballots in local elections
“It’s ridiculous that states are allowing foreign citizens to vote,” Rubio said. “However, if states and localities do let those who are not U.S. citizens to vote in elections, they shouldn’t get U.S. citizen taxpayer money.”
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Some Virginia universities intend to prohibit marijuana on campus grounds after it becomes legal for recreational use for adults age 21 and older in the state.
Although the commonwealth will allow legal possession beginning in two weeks, the plant still is illegal at the federal level and a schedule I drug under the controlled substance act. If a university allows marijuana on campus, some universities worry it could threaten their federal funding.
A spokesperson from James Madison University told The Center Square the Office of Student Accountability and Restorative Practices will continue to address incidents of marijuana on campus because use and possession are illegal under federal law.
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