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Federal Court Vacates HUD's 2026 Homelessness Funding Overhaul, Blocking Shift Away From Permanent Housing

Federal Court Vacates HUD's 2026 Homelessness Funding Overhaul, Blocking Shift Away From Permanent Housing

A federal judge in Rhode Island vacated HUD's 2026 Continuum of Care funding notice, blocking an overhaul that would have redirected billions in homelessness grants away from permanent housing and toward temporary services carrying new political conditions. The ruling held HUD violated the Administrative Procedure Act by skipping the mandatory public notice-and-comment process.

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US breaks 132-year record for hottest month ever in July 2026

The contiguous United States just experienced its hottest month in 132 years of recordkeeping, with July 2026 averaging 76.9°F across the Lower 48 — narrowly edging out the Dust Bowl era of 1936 and the previous modern benchmark set in 2012. Wyoming logged its hottest month of any month on record. The number carries the weight of comparison to a year in which heat killed thousands, but it arrived on top of a climate baseline that has shifted significantly since then.

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The Quiet Collapse Of The Debt-Collection Economy: How Fintech Bad Debt Moves Through The Secondary Market (And Why It Matters For Borrowers)

Debt collection agencies have lost billions because they cannot easily buy or sell debt. The recent sale of Fintech loans has exposed how this market works, where 60% of a $14,000 medical loan sells for less than $4,000 when it reaches the secondary market. That steep discount is what gives lenders an incentive to write off bad debt quickly.

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