Infrastructure Bill Pulls Billions from EIDL Loan & Grant Programs
-The Senate announced a $1 trillion infrastructure bill that would make use of the Economic Injury Disaster Loan program, which currently holds roughly $30 billion in unspent funds.
-The Infrastructure Investment and Jobs Act would claw back $13.5 billion from the EIDL program, and another $17.6 billion in affiliated grants for businesses in low-income areas to provide more funding for the infrastructure bill
Housing Debt Jumps $15 Trillion in Latest Quarter
-The fastest growth of debt since 2007 (Last downturn)
-Mortgage loan originations over the past year have totaled $4.6 Trillion, which equates to 44% of all outstanding home loan balances
CDC Eviction Moratorium is in place until October 3, 2021
-CDC uses resurgence of COVID-19 to put the ban in place
-New order could be challenged in Courts due to the legal position of the US Supreme Court
How to Change Your Life Completely in 10 Powerful Steps. Are You Ready To Change Your Life?