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18.01.26 - 23:42
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Trump To Unveil Plan Allowing Homebuyers To Use 401(k) Funds For Down Payments (ZeroHedge)
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Trump To Unveil Plan Allowing Homebuyers To Use 401(k) Funds For Down Payments
Authored by Emel Akan via The Epoch Times (emphasis ours),
President Donald Trump will unveil a plan next week that would allow Americans to withdraw funds from their 401(k) accounts to use for a home down payment.
A for-sale sign is posted in front of a home in Las Vegas, Nev., on Aug. 8, 2025. Justin Sullivan/Getty Images
White House National Economic Council Director Kevin Hassett announced the plan during an interview with Fox Business on Jan. 16, adding that the details of the proposal are still being finalized.
He said Trump will announce the final plan in Davos next week.
“The Fed lifted interest rates so much that mortgage rates went through the roof,” Hassett said.
He pointed out that the average monthly payment for a typical family buying a home has nearly doubled, and the down payment required had risen from about $15,000 to around $32,000 during the Biden administration.
Hassett stated that significa...
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17.01.26 - 18:54
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West Virginia Lawmakers Propose Bitcoin Investments With State Funds (ZeroHedge)
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West Virginia Lawmakers Propose Bitcoin Investments With State Funds
Authored by Micah Zimmerman via Bitcoin Magazine,
West Virginia lawmakers introduced legislation this week that would authorize the state treasurer to invest a portion of public funds in bitcoin, precious metals, and regulated stablecoins, marking a significant step toward integrating digital assets into state-level finance.
West Virginia Senate Bill 143, introduced by Sen. Chris Rose during the 2026 regular legislative session, would create a new section of state law titled the “Inflation Protection Act of 2026.” The measure permits the Board of Treasury Investments to allocate up to 10% of funds it oversees into gold, silver, platinum, and certain digital assets, subject to existing investment rules.
Under the bill, the West Virginia could invest in digital assets that maintained an average market capitalization above $750 billion over the prior calendar year.
That threshold currently limits eligibility to only bit...
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17.01.26 - 01:24
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Biden-Appointed Federal Judge Blocks Trump Admin′s Move To Withhold Minnesota Food Stamp Funds (ZeroHedge)
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Biden-Appointed Federal Judge Blocks Trump Admin's Move To Withhold Minnesota Food Stamp Funds
A federal judge on Jan. 14 stopped the Trump administration from withholding $80 million in administrative costs for Minnesota's Supplemental Nutrition Assistance Program (SNAP), ruling that the U.S. Department of Agriculture's tight deadline for reviewing the eligibility of 100,000 households was likely illegal.
U.S. District Judge Laura Provinzino, appointed by President Biden in 2024, said during a hearing in Saint Paul that the U.S. Department of Agriculture (USDA) failed to justify why Minnesota needed to complete the review of recipient eligibility by Jan. 15, or face losing half its administrative costs. She noted the agency ignored laws limiting such reviews to once per year.
“USDA is asking the state to violate federal law, regulations, and the state's own operational plan,” which had previously been approved by the agency, said Provinzino.
As Kimberley Hayek explains below via The E...
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16.01.26 - 21:01
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How Trump Is Pushing Tech Giants to Fund New Power Plants as Utility Bills Rise (Bloomberg)
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President Donald Trump has championed the rapid expansion of data centers in the US, seeking to boost the economy and win the artificial intelligence race with China. But as the rapid buildout strains the country's power grid and pushes up consumers' electricity bills, his administration is grappling with voters' cost-of-living concerns ahead of November's congressional elections....
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