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Month: June 2023

Here’s who would have to work for government benefits – and who wouldn’t – under the debt ceiling package

By Tami Luhby, CNN (CNN) — Work requirements in two safety net programs for low-income Americans are set to change under the compromise debt ceiling package negotiated by President Joe Biden and House Speaker Kevin McCarthy. Broadening work requirements was one of the main sticking points of the deal, with House Republicans demanding additional mandates,

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Support brace seen bending as brick façade began to crumble prior to Davenport building collapse, new surveillance video shows

By Paul P. Murphy and Holly Yan, CNN (CNN) — In the 10 minutes before a Davenport, Iowa, apartment building collapsed Sunday, new surveillance video obtained by CNN shows a support brace bending, with portions of the brick façade crumbling around it. The video, taken from the roof of a nearby building, shows what was

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Deal approved, Biden will address budget, debt agreement from Oval Office Friday evening

By CHRIS MEGERIAN and ZEKE MILLER Associated Press WASHINGTON (AP) — President Joe Biden planned to discuss the contentious, just-passed budget deal in a speech to the nation Friday night, ready to sign the agreement averting the country’s first-ever government default, which would have sent shock waves through the U.S. and global economies. The measure

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14-year-old Dev Shah of Florida wins Scripps National Spelling Bee with final word ‘psammophile’

CNN By Steve Almasy, CNN (CNN) — Dev Shah, a 14-year-old from Largo, Florida, won the 2023 Scripps National Spelling Bee on Thursday night, correctly spelling the word ‘psammophile’ to take home the $50,000 first prize. Eleven students made the finals after 11 million people entered spelling competitions throughout the world. In an interview Friday

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Commercial and multifamily mortgage delinquencies rose in the first part of 2023

By Anna Bahney, CNN Washington, DC (CNN) — Commercial and multifamily mortgage delinquencies increased in the first quarter of 2023, according to a new report from the Mortgage Bankers Association. “Ongoing stress caused by higher interest rates, uncertainty around property values, and questions about fundamentals in some property markets are beginning to show up in

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