Federal Reserve Chairman Jerome Powell warned of a growing crisis in the insurance industry affecting mortgage availability in high-risk areas due to insurers pulling out amid climate change-related disasters. Policy cancellations are leading to buyers resorting to state-designed insurers of last resort with higher premiums and limited coverage. Powell highlighted the issue of housing affordability, attributing it to supply shortages and emphasizing that interest rate normalization may not alleviate the problem.
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Sen. John Cornyn says the FBI granted his request to help find absent Texas Democrats
Sen. John Cornyn of Texas announced that the FBI will assist in locating state Democratic lawmakers who left Texas to obstruct Republican redistricting efforts. Cornyn expressed gratitude to President Trump and FBI Director Kash Patel for their support, asserting that lawmakers cannot evade their constitutional duties, despite an official's statement that federal agents would not be used for arrests. Want More Context? 🔎
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