Marketplace Morning Report A creative way to get federal money sent back
Jun 5, 2025
The podcast delves into a loophole unearthed by Trump administration officials that could allow for clawing back federal funds. It highlights the implications of rescission and its impact on congressional appropriations. Additionally, homeowners in Altadena band together following wildfires, showcasing how community collaboration can help reduce rebuilding costs. The discussion also touches on the challenges and strategies of reconstructing unique homes while promoting resource sharing among contractors to enhance efficiency and manage fluctuating construction prices.
AI Snips
Chapters
Transcript
Episode notes
Loophole to Claw Back Federal Funds
- The Trump administration discovered a legal loophole called rescission to freeze federal funds Congress appropriated.
- This loophole potentially allows spending to be canceled after Congress disapproves, exploiting the 45-day freeze period.
Band Together for Rebuilding Savings
- Homeowners can band together to reduce rebuilding costs by sharing bulk purchases and contracting.
- Coordinating similar rebuilds nearby cuts mobilization and delivery expenses significantly.
Architect Leads Rebuild Collective
- Tim Vortreed, an architect who lost his cottage in the fires, started a group to inform and organize neighbors about rebuilding.
- They share knowledge to manage rebuilding steps and take advantage of shared materials and designs.