
New FEMA grants set to hand out $600M to states so they can build migrant detention facilities
'This will relieve overcrowding in the U.S. Custom and Border Protection's short-term holding facilities, further the U.S. Department of Homeland Security's immigration enforcement plans and complement U.S. Immigration and Customs Enforcement operational priorities,' the agency wrote in a notice detailing the new Detention Support Grant Program.
The funding will support the creation of more facilities like Florida's ' Alligator Alcatraz ' detention center, a converted swamp airstrip where detainees say they have faced inhumane conditions, abuse, and highly restricted access to legal counsel.
The facility has faced legal challenges from environmental, tribal, and civil rights groups.
Florida has said it will seek federal reimbursement for the facility, which has already cost the state $245 million in contracts to build and operate.
Homeland Security Secretary Kristi Noem has said the federal government will seek to reimburse Florida through FEMA's $650 million shelter and services program — money outside the agency's disaster budget relief set aside by Congress under Joe Biden's administration to cover the cost of housing migrants.
The government has also ramped up spending on federal facilities, awarding a $1.26 billion contract to build a sprawling tent facility at an Army base in Texas that will be the largest immigrant detention center in the country.
The Trump administration's One Big, Beautiful Bill spending package awards ICE an additional $45 billion for detaining migrants, a virtually unprecedented funding increase.
The detention spending spree comes as the Trump administration has sought to reduce FEMA's federal footprint.
In April, FEMA announced it was ending the Building Resilient Infrastructure and Communities grant program focused on preventing natural disasters, prompting a lawsuit from Democrat-led states.
The Trump administration has also rejected 16 of the 18 applications for FEMA's 'hazard mitigation' funds after flooding across the country this year, according to an analysis from The Hill.
However, this week, the White House announced four states that had recently been hit with disasters would get emergency funding: Indiana, which experienced deadly tornadoes in March; Michigan, which experienced ice storms in March; Kentucky, which experienced flooding and tornadoes in April and May; and West Virginia, which experienced flooding and tornadoes in June.
The administration said earlier in the year it would eliminate FEMA entirely, moving disaster response to the states, but has since backtracked, saying it seeks a rebranding at the agency rather than a total shutdown.
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Reuters
2 minutes ago
- Reuters
US Treasury keeps notes, bonds auction sizes steady, increases debt buybacks
NEW YORK, July 30 (Reuters) - The U.S. Treasury Department said on Wednesday it does not anticipate increasing auction sizes for notes and bonds for at least the next several quarters, in line with market expectations, as it announced a $125 billion refunding from August to October 2025. It will, however, continue to make incremental increases to the size of Treasury Inflation-Protected Securities (TIPS) and T-bill auctions. "We use T-bills as a shock absorber for unexpected, seasonal or short term variations in borrowing needs as part of our regular and predictable issuance plan," a senior Treasury official said in a call with reporters on Wednesday. "That's because we believe ... changes in borrowing needs and addressing them in the people market is the most effective way to borrow at the least cost over time because of the ability of that market to absorb those kind of short-term changes. We think that the level of bill issuance offered today is very consistent with those plans and has helped us in light of the changes." In a statement, department will further sell $58 billion in U.S. three-year notes, $42 billion in 10-year notes, and $25 billion in 30-year bonds next week. These were the same auction sizes for the same securities announced at the February refunding. The Treasury also announced it will double the frequency of long-end nominal buybacks and increase the size of cash management buybacks, all aimed at improving liquidity in the market. The changes to the buybacks will take effect on August 13. "The Treasury will be focusing more on bill supply and they are trying to help market liquidity by increasing the sizes and frequency of buybacks, especially in the long end of the curve," said Gennadiy Goldberg, head of U.S. rates strategy, at TD Securities in New York. "So net net, this should be slightly positive for the long end." Long-dated Treasuries briefly rallied after the refunding announcement, pushing their yields lower. But their yields were last higher on the day as the initial impact from the refunding was muddied by the strong U.S. gross domestic product number. U.S. 10-year yields were last up 4.4 basis points at 4.372% . The Treasury announced that it's increasing the frequency of liquidity support buybacks in both the 10- to 20-year and 20- to 30-year nominal buckets to four times per quarter from two currently. But it will keep the current $2 billion maximum purchase per operation in both sectors. With respect to the other nominal coupon pairs, the department will continue to conduct one liquidity support operation per quarter for up to $4 billion. All told, the changes will lift total size of liquidity support buybacks from a maximum par amount of $30 billion per quarter to $38 billion. The Treasury is also increasing the size of cash management buybacks from a maximum $120 billion per year to $150 billion. For this quarter, however, it does not expect conducting cash management buybacks around the September tax date due to the ongoing rebuilding of the Treasury's cash balance. Cash management buybacks will resume in December, the Treasury said. Overall, the Treasury's financing plan will refund about $89.8 billion of privately-held Treasury notes and bonds maturing on August 15 and raise new cash of $35.2 billion from private investors. The Treasury also stressed the focus on T-bill issuance this quarter. It expects further marginal increases in T-bill auction sizes in coming days and then maintaining sizes at or near those levels through the end of September. It added that further increases in T-bill auction sizes are anticipated in October. "This guidance (on T-bill issuance) will continue to be the focal point of future refunding announcements," wrote Tom Simons, chief economist at Jefferies in a research note. "(Treasury) Secretary (Scott) Bessent has made it clear that he is carefully considering the best strategy and timing for terming out the debt versus continuing to lean on the front-end. At some point, perhaps after a few Fed (Federal Reserve) rate cuts, issuance of more coupons will be more attractive." Median forecasts from primary dealers estimated that Treasury could increase bill supply by $260 billion over a month and by $600 billion over a quarter without causing significant price deviations in bills relative to fair value, according to minutes of the meeting on Tuesday of the Treasury Borrowing Advisory Committee released on Wednesday. With respect to TIPS, Treasury plans to maintain the 30-year TIPS reopening auction size at $8 billion for August, increase the 10-year TIPS reopening auction size to $19 billion in September, and increase the October 5-year TIPS new issue auction size to $26 billion.


The Independent
2 minutes ago
- The Independent
Russian soprano's case alleging national original discrimination against the Met Opera to proceed
A federal judge says Russian soprano Anna Netrebko can move forward with her case claiming national original discrimination by the Metropolitan Opera, which dropped her after she refused to repudiate President Vladimir Putin over Russia's campaign against Ukraine. The decision by U.S. District Judge Analisa Nadine Torres in Manhattan was made public Wednesday, a day after it was issued. The case, which will proceed alongside her claim of gender discrimination, has yet to be scheduled for trial. The Met did not immediately respond to a request for comment. Met General Manager Peter Gelb had demanded that she repudiate Putin shortly after Russia invaded Ukraine in February 2022, but she refused and was withdrawn from three Met productions. The Met replaced her with Ukrainian soprano Liudmyla Monastyrska in at least one of those productions. Last August, Torres dismissed the performer's national original discrimination claim, when she also threw out allegations of defamation and breach of contract. But in her latest decision, the judge wrote that the 'allegations support the inference that Netrebko's replacement by non-Russian artists occurred under circumstances giving rise to at least a 'minimal' inference of discrimination.' The American Guild of Musical Artists filed a grievance on Netrebko's behalf and arbitrator Howard C. Edelman ruled in February 2023 that the Met violated the union's collective bargaining agreement when it canceled deals with Netrebko for three productions. Edelman awarded compensation the union calculated at $209,103.48. Torres allowed Netrebko to proceed with her separate allegation of gender discrimination under the New York State Human Rights Law and New York City Human Rights Law. She said the Met treated Netrebko's male counterparts with connections to Putin and the Russian government more favorably. She cited bass-baritone Evgeny Nikitin and baritones Igor Golovatenko and Alexey Markov, who have continued to sing at the Met.


The Guardian
3 minutes ago
- The Guardian
Texas Republicans unveil congressional map that could gift them five seats
Republicans have unveiled a new congressional map in Texas that would allow the party to pick up as many as five additional congressional seats, an aggressive maneuver that has already met decisive outcry from Democrats and comes as the GOP tries to stave off losses in next year's midterm elections. Republicans already hold 25 of Texas's 38 congressional seats. But at the urging of Donald Trump, Texas governor Greg Abbott called a special session this month to redraw the state's congressional districts. After contentious hearings across the state, Republicans unveiled their proposed map on Wednesday. Had the map been in place for the 2024 election, Trump would have carried 30 of the districts, while Kamala Harris would have carried just eight, according to data from Dave's Redistricting App, an online tool that allows for analysis of voting districts. The map unveiled on Wednesday represents the most aggressive effort for Republicans. While analysts said Republicans could target three Democratic seats easily, trying to claim more risked spreading GOP voters too thin. One of the proposed changes in the maps would consolidate two Democratic seats in Austin, currently held by Representatives Greg Casar and Lloyd Doggett. Other changes include shifting boundaries of districts in South Texas, where Republicans have made inroads among Hispanic voters. 'Merging the 35th and the 37th districts is illegal voter suppression of Black and Latino Central Texans,' Casar said in a statement. 'If Trump is allowed to rip the Voting Rights Act to shreds here in Central Texas, his ploy will spread like wildfire across the country. Everyone who cares about our democracy must mobilize against this illegal map.' Democrats have already denounced the Republican efforts as a naked partisan power grab and have contemplated redrawing maps in states where they hold the power to do so. A Super Pac supporting House Democrats have pledged to donate upwards of $20m to target Republicans. 'This proposed map is a racially discriminatory, brazen power grab. It is an insult to all Texans, who have demonstrated overwhelming, bipartisan opposition to President Trump's order to draw a mid-decade gerrymander. Texans deserve better than this, and if the legislature and the governor follow through with enacting this egregious gerrymander, it will face fierce legal challenges,' said Marina Jenkins, executive director of the National Redistricting Foundation, which has opposed the Texas effort.