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House Speaker Nancy Pelosi on Monday released a new proposal that includes .2 trillion in spending, and sends direct payment of ,200 to most Americans.The proposal still costs more than the White House has said it would like, but is down from the .4 trillion stimulus plan House Democrats passed back in May.In addition to another set of ,200 direct payments to millions of Americans, House Democrats propose using 5 million for education, more funding for the struggling airline industry, and 6 million for local governments. The set of proposals would also include a 0 per week unemployment supplement, which expired at the end of July.“This .2 trillion Heroes Act provides the absolutely needed resources to protect lives, livelihoods and the life of our democracy over the coming months,” Pelosi said in a letter to House Democrats. “It includes new funding needed to avert catastrophe for schools, small businesses, restaurants, performance spaces, airline workers and others.”Last week, Treasury Secretary Steve Mnuchin confirmed that he and Pelosi agreed to relaunch negotiations on a stimulus plan.Earlier this month, Senate Republicans attempted to pass a “slimmed down” stimulus bill with a cost of 0 billion. But that proposal failed to move out of the Senate.Editor's note: An earlier version of this story incorrectly said Democrats are proposing 5 for education, when it should have said 5 million. 1449
If you're not getting a push alert every time someone opens your front door, you're living in the past.Smart-home technology company August just announced new versions of its connected locks and doorbell camera.The company's newest locks have a sensor that can tell when a door is open or closed and send you alerts on your phone. Similar features are already available with smart home kits like SmartThings. 416

Housing and rates are worrying some economists that a recession is looming."One of the biggest concerns is the housing market," said Lindsey Piegza, chief economist for Stifel, on CNNMoney's "Markets Now" live show Wednesday. "It's throwing up a very large red flag and suggests maybe this 4% growth we saw in the second quarter is not sustainable."Home sales?have declined in four of the past five months as housing prices have grown -- but paychecks have remained stagnant. Many people can't afford to buy homes, and those who can are taking on a lot of debt to get into them.Piegza says that echoes what happened right before the Great Recession in 2008."We're not there yet, but this is what led us to the housing crash," she said.How could this happen again? Piegza believes that a decade of rock-bottom interest rates helped people forget about the dangers of borrowing too much."I don't know if we learned our lesson from the Great Recession," she said. "We are going back to a lot of the easy lending that we used to see."Although Piegza said a recession isn't necessarily imminent -- especially after quarterly growth just came in at the fastest pace in almost four years -- there are signs of waning momentum in the economy.Interest rates, for example, are starting to become a bad omen.The Federal Reserve, which finished up its two-day meeting Wednesday, is expected to raise its target rate two more times this year. Higher rates have boosted short-term US Treasury bond rates. But the longer-term bond rates haven't risen along with the shorter-term rates, because investors are growing wary about the economy over the long haul.With two more interest rate hikes planned, the Fed could boost short-term rates higher than long-term ones, inverting the so-called yield curve. An inverted yield curve has preceded every recession in modern history."We could easily be there by the end of the year," Piegza said. "I think we'll see pressure on the longer end by the end of the year, but the Fed will still be raising rates on the short end."Fed Chairman Jerome Powell has said that he is not concerned about an inverted yield curve. Piegza strongly disagrees."It is a predictive measure of a recession," she said. 2266
ICYMI: The 2020 @ArmyNavyGame, presented by @USAA, will return to West Point for the first time since 1943.?? https://t.co/mdSCEyVfXc#GoArmy | #BeatNavy | #ArmyNavy pic.twitter.com/7405S9SIDG— Army Football (@ArmyWP_Football) October 23, 2020 250
Immigration and Customs Enforcement agents have released more people seeking asylum in the United States from custody, citing a shortage in space.The release comes as thousands of people fleeing violence in Central America as part of a migrant caravan are beginning to arrive in Tijuana, hoping to enter the U.S. and claim asylum here.Earlier this year, federal officials released several hundred families to relatives, church groups or other organizations due to statutory limitations on how long people can be held in custody."These people, they don't speak English they don't have any money, and they are in another country and they don't have a cell phone to call their relatives," said Magdalena Shwartz, who works with churches and ICE to help find places to stay until relatives can pick up those the government releases.For families detained by immigration authorities, under a settlement agreement and subsequent decision, unaccompanied children or families can only be held in custody for 20 days before being released while their cases work their way through immigration courts.Pastors at a church in Mesa said they recently received a call from ICE asking if the church could help at least one hundred people, who were dropped off Tuesday. Others were given a bus ticket and dropped off at a bus station in Phoenix."They don't have another option," Shwartz said. "They cannot keep the people detained there for a long time, because they are getting more people."Multiple attempts to seek comment from Immigration and Customs Enforcement on Tuesday's release were not returned.Those who are ultimately granted asylum by a judge are allowed to stay, while those whose applications are denied will be deported. 1747
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