- The Trump administration issued a warning to Democrats about the risk of a lapse in flood insurance due to ongoing debates over a government shutdown.
- This potential lapse threatens to disrupt home sales, as many transactions depend on the availability of flood insurance.
- There are also concerns about the impact on FEMA funds, which are crucial for disaster response and recovery, particularly during the peak of hurricane season.
- The White House and home builders have expressed serious concerns, urging immediate action to prevent the insurance lapse amid the shutdown negotiations.
- This issue highlights the broader implications of the shutdown battle on essential services and economic stability.
Source: https://www.foxnews.com/politics/exclusive-democrats-risk-flood-insurance-lapse-shutdown-fight-home-builders-white-house-warn)
