LastThe week BidenAdministration released 90% of the $3.75 Billion in funds dedicated for the Low Income Home Energy Assistance ProgramThe average annual income of the CDC was $439 for more than five million families in the year preceding the pandemic. ItThis year, $4.5 billion was received in emergency grants. Usually, funding for the program isn’t released until all budget items for the fiscal year are approved, but CongressRecently, I made an exception because of the approaching cold months and continued to spar over spending bills.
Mr. Wolfe’s group has urged CongressTo include $5 billion more in the social security net package being negotiated Washington.
TheThe economic debates will continue to focus on the rising cost of heating homes. WashingtonAbout inflation White House allies, fighting to push through the president’s sweeping agenda, assert that the current surge in consumer prices mostly reflects pandemic disruptions that will dissipate next year. Federal ReserveOfficials, who have tried to create a policy environment that is less sensitive than inflation, will be challenged to determine if this assertion is true.
TheThe latest outlook National Oceanic Atmospheric AdministrationIt is possible to expect a milder than average winter. ButAccording to projections made by the U.S. Energy Information AdministrationIf winter is colder than normal, energy bills can rise by 15% for households that heat with electricity, 50% for those who use natural gas, and 59% for those who mostly use heating oil. Propane users would be in for the biggest blow — a 94 percent increase, or potentially hundreds of dollars over the six-month heating season.
AsWith other price shocks resulting from the pandemic the pain will be especially acute for those with limited means. TwentyNine percent of the people surveyed by The Census BureauIn the past year, many households reported that they had reduced or forgone household expenses to pay their energy bills.
BeforeThe pandemic Jamillia Grayson43, of BuffaloHe had a successful event-planning company. Her work dried up, and even with unemployment insurance, she couldn’t meet household expenses while supporting her 8-year-old daughter, who has sickle cell anemia, as well as an older aunt, who depends on a home oxygen tank and lives with them.
ElectricityGas bills and other expenses piled up over the course of the year. By the end, she owed $3,000
Source: NY Times
