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US rental aid update: Section 8 landlord payments resume after shutdown delay; $1,500 checks begin rolling out

Americans are being advised to monitor their bank accounts as landlord subsidy payments of up to $1,500 under the Section 8 rental assistance programme begin to roll out, following delays triggered by the recent federal government shutdown, according to an ET report. The payments, formally known as Housing Assistance Payments, support low-income households, seniors and…

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‘Closed in its entirety’: Trump orders complete shutdown of Venezuelan airspace; tensions rise amid anti-drug ops

US President Donald Trump has declared that the airspace above and around Venezuela is “closed in its entirety,” amid escalating tensions between Washington and Caracas.“To all Airlines, Pilots, Drug Dealers, and Human Traffickers, please consider THE AIRSPACE ABOVE AND SURROUNDING VENEZUELA TO BE CLOSED IN ITS ENTIRETY,” Trump said through a post on Truth Social.Trump…

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US fiscal strain: Deficit jumps to $284 billion despite record tariffs; shutdown delays and debt costs deepen gap

File photo (Picture credit: AP) The United States began the 2026 fiscal year with a $284 billion federal deficit in October, a figure shaped by record tariff revenue but also distorted by a major shift in benefit payments and delays caused by a 43-day federal shutdown. The Treasury said the shutdown postponed some agency spending,…

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IPO market cools after shutdown: US listings slow as SEC backlog delays approvals; tech slump adds pressure

The strong run in US initial public offerings has lost momentum due to the government shutdown and increased investor caution, as the Securities and Exchange Commission (SEC) works through a backlog of regulatory filings, according to market participants.Many IPOs expected in late 2025 are likely to be pushed to 2026 as the SEC clears “hundreds…

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Shutdown fallout: US scraps October inflation and jobs figures after data-gathering halt; gaps cloud Fed’s December decision

File photo (Picture credit: AP) The US government will not release official inflation or jobs figures for October after the record-long shutdown prevented statisticians from gathering essential data, leaving the Federal Reserve without two major indicators ahead of its December policy meeting.The Bureau of Labor Statistics (BLS) confirmed on Friday that the October consumer price…

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Data blackout: US scraps October CPI report after govt shutdown; Fed left without key data ahead of policy meet

The US government will not publish consumer inflation data for October after a 43-day federal shutdown disrupted data collection, intensifying uncertainty ahead of the Federal Reserve’s December policy meeting.The Bureau of Labor Statistics (BLS) said it “is unable to retroactively collect” consumer price data for October and will not release the report originally scheduled for…

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Trump’s tariff impact! US trade deficit falls 24% as imports plunged in August; government shutdown delayed data release

The US trade deficit narrowed by about 24 per cent in August as sweeping tariffs imposed by President Donald Trump reduced imports, according to a delayed Commerce Department report released Wednesday. According to Associated Press, citing the report, the trade gap fell to $59.6 billion in August from $78.2 billion in July. Imports declined 5…

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US travel update: FAA lifts flight restrictions after government shutdown ends; major airports return to normal Monday

Representative image (Picture credit: AP) The Federal Aviation Administration will lift all flight-reduction orders at 40 major airports from Monday, allowing airlines to return to normal operations after weeks of shutdown-triggered disruptions.In a joint statement, transportation secretary Sean Duffy and FAA administrator Bryan Bedford said regular schedules can resume from 6 am EST on Monday….

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US shutdown: Record deadlock ends, but new Republican law set to strip millions from SNAP benefits

Millions of Americans greeted the end of the record-setting 43-day government shutdown and the resumption of food stamp benefits with relief, but others are learning they could soon lose federal food aid permanently under a new Republican tax and spending law.Agriculture Secretary Brooke Rollins directed USDA staff during the shutdown to press states towards compliance…

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