News published on Federal Newswire in March 2024

News from March 2024


CRFB analysis finds CBO’s Long-Term Budget Outlook troubling

The Committee for a Responsible Federal Budget (CRFB) has released an analysis of the Congressional Budget Office’s (CBO) recently published Long-Term Budget Outlook. The analysis underscores several alarming economic trends predicted for the United States over the forthcoming 30 years.


Urban Institute report highlights implementation of $100M privately funded homelessness initiative

The Urban Institute has recently published a report detailing the execution of a $100 million initiative aimed at reducing homelessness in San Francisco by 50% over five years. The report, titled "Evaluation of Tipping Point Community’s Chronic Homelessness Initiative," also explores the obstacles encountered and the successes achieved during this period.


Minnesota continues to lose residents to other states, American Experience report shows

Minnesota, like all states, experiences "natural change" in its population - the number of new residents born subtracted by the number of deaths. However, a recent report by the Center of the American Experiment contends that natural gains over the past few years have been insufficient to compensate for the loss of residents who have relocated to other states.


Data shows that Homeowner Assistance Fund has helped over 500,000 families remain in their homes

The U.S. Department of the Treasury has published data on the Homeowner Assistance Fund (HAF), indicating that the fund has supported over 500,000 families in retaining their homes by offering financial relief. More than $6.6 billion has been disbursed through the American Rescue Plan (ARP) to aid homeowners at risk of foreclosure.


$40.5 million in grants have been awarded by the USDA to support processing of domestic products

The United States Department of Agriculture (USDA) has unveiled plans to distribute $40.5 million in grant awards aimed at bolstering the processing of domestic organic products. This strategic investment is expected to elevate the production levels of over 27,000 producers and provide benefits to more than 31.8 million American consumers.


Apple sued for monopolizing smartphone market by Justice Department

The United States Justice Department has initiated a lawsuit against Apple, accusing the tech giant of monopolizing the smartphone market. The Department alleges that Apple's exclusionary conduct impedes Americans from switching to other smartphone brands.


President Biden's fiscal year 2025 budget will help boost American innovation

President Biden's proposed budget for the 2025 fiscal year aims to bolster American innovation and competitiveness, with a particular focus on the U.S. Department of Commerce. The budget outlines $4 billion in mandatory funding and $11.4 billion in discretionary funding, earmarked to support the essential priorities of the Commerce Department.


Intel awarded $8.5 billion in support of growing the US Semiconductor Industry

The U.S. Department of Commerce has granted Intel a sum of $8.5 billion through the Investing in America Agenda for initiating projects in Arizona, New Mexico, Ohio, and Oregon. This investment, facilitated under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act, aims to fortify the supply chain of the U.S. Semiconductor Industry as the nation seeks to broaden its domestic market.


President's Budget for 2025 includes an increase of $33 billion for the Department of Veterans Affairs

President Joe Biden's budget for the fiscal year 2025 proposes a $33 billion increase in funding for the Department of Veterans Affairs (VA). The total request stands at $369.3 billion, marking a 10% increase from the previous year.


Hezbollah terrorist apprehended near El Paso just days after FBI Director Wray warned of growing threat of terrorism

FBI Director Christopher Wray recently appeared before the Senate Select Committee on Intelligence (SSCI), where he issued a warning about potential terrorism threats at the border. Shortly after this, a self-proclaimed Hezbollah terrorist was apprehended near El Paso, Texas, as reported by The Center for Immigration Studies (CIS).


Senators Murray and Collins Statement on Release of Final FY24 Funding Bills

Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA) and U.S. Senator Susan Collins (R-ME), Chair and Vice Chair of the Senate Appropriations Committee respectively, issued a joint statement regarding the release of the final bipartisan package of fiscal year 2024 appropriations bills."These final six bills represent a bipartisan and bicameral compromise—they will invest in the American people, build a stronger economy, help keep our communities safe, and strengthen our national security and global leadership," stated Senator Patty Murray.Senator Susan Collins...


Granger Announces Changes to Republican Subcommittee Rosters

WASHINGTON - House Appropriations Chairwoman Kay Granger has revealed adjustments to the Republican subcommittee rosters for the remainder of the 118th Congress. The changes were announced in preparation for the Committee's upcoming hearings on the President's Fiscal Year 2025 Budget Request.Rep. Jake Ellzey from Texas is set to transition from the Labor, Health and Human Services, Education subcommittee to Defense. Meanwhile, Rep. Juan Ciscomani from Arizona will make a move from Financial Services and General Government to State, Foreign Operations. Additionally, Rep....


Feeding the Economy report shows food and agriculture industries grew 11.8% in 2023

The food and agriculture-related industries experienced an 11.8% growth over the past year, as revealed in the eighth annual Feeding the Economy report. This study, produced by a coalition of 32 food and agriculture groups, discloses that these industries' economic impact amounted to $9.63 trillion in 2023, accounting for 20.01% of total U.S. output.


Binance discontinues naira services while two executives remain detained in Nigeria

Binance, the world's leading cryptocurrency exchange, has ceased its operations involving the Nigerian naira. Two Binance executives, including an American citizen, were invited to Nigeria for discussions with government officials about the relationship between cryptocurrency and the Nigerian economy. However, these executives were detained in Abuja in late February and are currently under house arrest.


The Department of Veterans Affairs has launched a new financial resource website to help Veterans

The Department of Veteran Affairs has initiated a financial resource website to enhance the financial well-being of Veterans and concurrently reduce the incidence of Veteran suicide. The National Veterans Financial Resource Center (FINVET) developed this website with an aim to augment protective factors that contribute to mental health.


New Federal Electronic Health Record launched in North Chicago by Department of Veterans Affairs

The Department of Veterans Affairs (VA) has declared a partnership with the Department of Defense (DOD) and Federal Electronic Health Record Modernization office to initiate a Federal Electronic Health Record. This record has been launched at the Captain James A. Lovell Federal Health Care Center (Lovell FHCC) in North Chicago, Illinois.


Cato Institute Financial Analyst: Nigerian currency problems existed "long before bitcoin was even created"

Nicholas Anthony, a policy analyst in the Cato Institute’s Center for Monetary and Financial Alternatives, says the Nigerian government, not cryptocurrency, is to blame for devaluation of the naira.


Blinken: ‘Russia’s election occurred under intense repression and the imprisonment, death, or exile of virtually all political opposition’

U.S. Secretary of State Antony Blinken said that the Russian election produced inaccurate results. According to Blinken, the reelection of Vladimir Putin took place 'under intense repression,' stripping the Russian citizens of the means to participate.


Navigating Techno-Economic Competition: Ylli Bajraktari's Strategies on Minimizing Chinese Risks

Ylli Bajraktari is the President and CEO of the Special Competitive Studies Project. He served as the Executive Director of the National Security Commission on Artificial Intelligence.


Chairmen Jordan and McClintock Launch Inquiry into DOJ's Gag Order on Immigration Judges

WASHINGTON, D.C. – House Judiciary Committee Chairman Jim Jordan and Subcommittee on Immigration Integrity, Security, and Enforcement Chairman Tom McClintock have initiated an inquiry into the reported gag order imposed by the Justice Department on immigration judges. The gag order prohibits immigration judges from communicating with Congress or the news media regarding the Biden Administration's immigration policies, raising concerns about potential violations of federal law.In a letter addressed to the Executive Office for Immigration Review Director David Neal,...