How the Debt Ceiling Debate Puts State and Local Dollars at Risk

As the drama over preventing the nation from defaulting on its debts unfolds in Washington, counties and housing advocates say they are worried that the political standoff could lead to cuts in funding for everything from preventing homelessness to transforming rural economies.

In return for agreeing to increase the nation’s borrowing limit, newly empowered House Republicans, concerned about the nation’s rising deficit and what House Majority Leader Steve Scalise called Democrats’ “drunken” spending spree, are demanding reductions.

Lowering spending to where it was before Congress passed its $1.7 trillion “omnibus” budget in December could mean funding across a range of non-defense programs would drop by about $147 billion, or roughly a third, according to a recent analysis by the Libertarian Cato Institute.

Republicans have yet to identify what exactly they want to cut. But bringing spending back down to where it was before the omnibus would jeopardize increases included in

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Tesla is fined millions of dollars for false advertising

Tesla has been fined $2.2 million by the Korea Fair Trade Commission (KFTC) for false advertising regarding its range.

Last year, we reported on the KFTC launching an investigation into allegations that Tesla violated advertising laws by overstating the range of its electric vehicles.

Korea uses the Worldwide Harmonised Light Vehicles Test Procedure (WLTP), and therefore, Tesla uses the same range as it advertised in most other markets other than in North America, where it uses the EPA-rated range.

However, the KFTC’s main issue appeared to be the range drop in cold weather.

Now, the KFTC has announced that it is imposing a 2.85 billion won ($2.2 million) fine on Tesla for not clearly stating that its range might drop significantly in cold weather.

Following the decision, Tesla has now remedied the situation by adding fine print where the range is displayed on its website:

The new disclosure reads:

Performance

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