A new poll found that about 41 percent of Americans surveyed had begun taking precautions and steps to beef up savings, as many are feeling poorer and more pessimistic about the nation’s economic forecast.
at a time that rising price stickers are putting a squeeze on pockets across the spectrum.
Kyle Waide, president and CEO of the Atlanta Community Food Bank, said in a recent interview that the organization is seeing “40 percent more people today than we did at the beginning of 2022.” “We’re operating on a deficit budget right now,” said Valerie Stone Hawthorne, director of government relations at the North Texas Food Bank. “We are currently working on a budget of $66 million, but we’re only forecasting $45 million in public support.”
The Treasury first began implementing what it called “extraordinary measures” in January to buy time until the nation reaches the so-called “X Date,” when it could risk a national default. Carl Gershenson, a lab director at Eviction Lab, said such moves would be “felt immediately,” as housing advocates and officials sound alarm over how federal efforts like the Housing Choice Voucher Program would fare with such cuts.
House GOP leadership has signaled the conference will move on its own with a debt ceiling bill if Democrats don’t come to the bargaining table, vowing fiscal discipline as the national debt teeters around $31.4 trillion.
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