
The housing market is on fire. The Fed keeps adding gasoline
CNN
Bidding wars. All-cash offers. Homes selling for $1 million over asking. The housing boom has officially reached the ridiculous stage.
Despite surging home prices that are rising at the fastest pace on record, the Federal Reserve continues to prop up the housing market by purchasing $40 billion of mortgage bonds each month. And while the Fed is finally "talking about talking about" removing some of its support, some fear the US central bank is creating another housing bubble as it deliberates.
Washington (AP) — The Justice Department is dropping a lawsuit that it filed against White House trade adviser Peter Navarro, a case in which he was accused of using an unofficial email account for government work and wrongfully retaining presidential records during the first Trump administration, according to a Tuesday court filing.

In early April, President Donald Trump approved millions of dollars in assistance from the Federal Emergency Management Agency for Virginia, which was reeling from devastating winter storms and flooding. Gov. Glenn Youngkin, a Republican, issued a press release touting the president’s decision to sign his disaster declaration request, and local news outlets began reporting that funding would soon be flowing to the state.