“The key thing is for people to remain calm,” South Dakota Bankers Association president Karl Adam said from Washington, D.C., where he met with Sens. Mike Rounds and John Thune.
The United States is probing many fraud cases pegged to U.S. government assistance programs, such as the Paycheck Protection Program, unemployment insurance and Medicare.
In inflation-adjusted 2022 dollars, net farm income would be at its highest level since 1973 and net cash farm income at its highest level on record, according to the USDA.
The new funding will help Americans with heating costs and unpaid utility bills and repairs of home energy appliances that will help lower their energy costs, the White House said.
“When the market is volatile like this, this is the worst time to jump off the rollercoaster. People who have 40 years until they are at retirement would totally mess up a plan by jumping off the rollercoaster when it’s down 20 to 25%,” Investment advisor Ryan Boyd said.
Though a farm disaster was only declared in two South Dakota counties, small businesses in other neighboring counties may also be eligible for funding.
Federal Reserve Chair Jerome Powell had two messages for Congress Wednesday, July 10: Central bank independence is critical and an interest-rate cut is likely at the end of July.
