Secretary Yellen to Brief House Democrats on Status of Emergency Rental Funds

Treasury Secretary Janet Yellen will provide an update to House Democrats on Tuesday about the steps being taken to distribute $46.5 billion in federal funds that were allocated to prevent evictions during the CCP (Chinese Communist Party) virus pandemic. Speaker Nancy Pelosi (D-Calif.) announced Yellen’s upcoming briefing in a Monday letter to Democrats explaining how the House will proceed with the effort to extend the year-long moratorium after it expired this weekend. President Joe Biden urged Congress to take action to extend the moratorium after the Supreme Court in June ruled that the Centers for Disease Control and Prevention (CDC) overstepped its authority in issuing the moratorium. U.S. Judge Dabney Friedrich in Washington had struck down the moratorium as exceeding the CDC’s authority but put her ruling on hold. The supreme court voted 5-4 to allow the moratorium to remain in place until its expiry at the end of July. In a brief opinion, Justice …Read More

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