Are Government Services Underfunded?

One Forgotten Housing Supply-Side Lever Could Unfreeze Affordability Rental affordability remains far superior to mortgage affordability, with the U.S. 30-year fixed mortgage rate trending around 6.5% in early June. With home prices still at record highs, last week's housing report showing sellers pulling listings at a near-record pace as buyers balk at prices is yet another warning sign that the frozen housing market remains well intact. The Trump administration's affordable housing strategy focuses on market deregulation, expanded homeownership, stricter citizenship requirements for federal housing assistance, and Fannie Mae and Freddie Mac...

MP's "Strong" Quarter: Accelerated Production, Long-Term Agreements With Major Tech Companies MP Materials Corp. reported fourth quarter revenue of $52.7 million and net income of $9.4 million, or $0.05 per diluted share, yesterday reflecting a sharp year-over-year improvement driven largely by price floor protection under its agreement with the U.S. Department of War. Full year revenue rose 10% to $224.4 million as the company ramped separated product output and began generating magnetic precursor sales.  MP said in a press release yesterday that operationally, 2025 marked a step-change in upstream and midstream execution. MP...

Israel has announced that they are sending another division of ground troops into southern Lebanon as part of an invasion that began earlier this month and which earlier this week Defense Minister Israel Katz said would include the occupation of the entire area south of the Litani River. This is the fifth division to be […]