At the root of this problem: America failed to build enough homes for its growing population. The shortage strikes at the heart of the American dream of homeownership – dampening President Joe Biden’s assurances that the U.S. economy is strong.
Among the many proposals and pledges included in his State of the Union speech Thursday night, President Joe Biden called on Congress to pass a package of tax credits and other funding measures to help address the nation’s housing shortage.
The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions.
The Biden administration on Wednesday took steps to disclose the so-called “junk fees” charged by landlords.
Weeks after the failure of two banks, President Joe Biden called Thursday for independent regulatory agencies to impose tighter rules on the financial system, telling them that they can act under current law without additional steps taken by Congress.
In the face of a massive, nation-wide shortage of housing construction, the White House announced a new slate of initiatives Monday to try to speed up the building of new units.
As COVID-19 cases surge around the country and scientists begin to get a better picture of a worrisome new variant circulating, President Joe Biden on Thursday laid out his strategy to control the pandemic this winter without putting new restrictions on the economy.
The conference that has been billed as the last chance to prevent catastrophic global warming kicked off today with dark prophesies from world leaders.
President Joe Biden said he and Democrats in Congress reached a “historic” framework for his sweeping domestic policy package. But he still needs to lock down votes from key colleagues for what’s now a dramatically scaled-back bill.
The report lays out steps that could potentially alter the mortgage process, stock market disclosures, retirement plans, federal procurement and government budgeting.
White House officials are outlining plans to build and restore more than 2 million homes, a response to the volcanic rise in housing prices over the past year.
The Biden administration announced Thursday it will allow a nationwide ban on evictions to expire Saturday.
The Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.
Over the next few months, the White House is likely to propose two major tax changes that could impact the housing sector. These two ideas, however, should be chucked in the circular file.
President Joe Biden drew a red line on his $2.3 trillion infrastructure plan Wednesday, saying he is open to compromise on how to pay for the package but inaction is unacceptable.
Republicans in Congress are making the politically brazen bet that it’s more advantageous to oppose President Joe Biden’s ambitious rebuild America agenda than to lend support for the costly $2.3 trillion undertaking for roads, bridges and other infrastructure investments.
President Joe Biden hopes to would unleash $2 trillion in new spending on four main hard infrastructure categories – transportation; public water, health and broadband systems; community care for seniors; and innovation research and development.
Looking beyond the $1.9 trillion COVID relief bill, President Joe Biden and lawmakers are laying the groundwork for another top legislative priority – a long-sought boost to the nation’s roads, bridges and other infrastructure that could run into Republican resistance to a hefty price tag.
President Joe Biden has initiated a flurry of executive actions to make sure the country can get to net zero carbon emissions by 2050, but many steps still remain.
