Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Natasha Blunt of New Orleans, who is at risk of eviction. Photo: Dorthy Ray/AP

The coronavirus pandemic threatens America with a new wave of homelessness due to a cratering economy, expiring unemployment stimulus payments and vanishing renter protections.

What they're saying: "I've never seen this many people poised to lose their housing in such a short period of time," said Bill Faith of the Coalition on Homelessness and Housing in Ohio to AP.

The big picture: 23 million Americans are at risk of eviction and exposure to the shelter system during a pandemic, the AP reports, citing the Aspen Institute.

  • The latest Census Bureau Household Pulse Survey found last week that more than 26.5% of American adults 18 or older questioned whether they would be able to make last month's rent or mortgage payment or had little or no confidence they could pay next month, the AP notes.

Many lower-income Americans initially got by on credit cards and stimulus checks, National Apartment Association CEO Bob Pinnegar told Axios' Kim Hart.

  • Now those options are gone. "The hole that they're getting in from a financial standpoint is going to take years for them to dig out of, if they ever can."

Among those seeking help is Natasha Blunt of New Orleans, who could be evicted from her two-bedroom apartment where she lives with her two grandchildren, the AP reports.

  • Blunt owes thousands in back rent after she lost her banquet porter job. She has yet to receive her stimulus check and has not been approved for unemployment benefits. Her family is getting by with food stamps and the charity of neighbors.
  • "I can't believe this happened to me because I work hard," said Blunt, whose eviction is at the mercy of the federal moratorium protecting low-income renters, which expired in July. "I don't have any money coming in. I don't have nothing. I don't know what to do . ... My heart is so heavy."

The bottom line: "The whole purpose of the eviction moratorium [was] a stop-gap measure," Alieza Durana from Eviction Lab at Princeton told the "Axios Re:Cap" podcast.

  • "Do they have money for rent, money for food or health care, that sort of thing — that is a separate but overlapping issue."

Go deeper

Dec 9, 2020 - Health

Axios-Ipsos poll: Early fears come back

Data: Axios/Ipsos Poll; Chart: Andrew Witherspoon/Axios

Growing dread and acceptance of the winter ahead is weighing on Americans' physical and mental health and raising fears about debt and job security, according to the latest installment of the Axios/Ipsos Coronavirus Index.

The big picture: We're tracking a return to anxiety levels and routines not seen in months, as experts warn that the pandemic will get worse before vaccines are widely available.

Treasury sanctions cryptocurrency exchange over ransomware transactions

Treasury Secretary Janet Yellen during a congressional hearing in June 2021. Photo: Greg Nash/The Hill/Bloomberg via Getty Images

The Department of the Treasury announced Tuesday it will sanction cryptocurrency exchange SUEX for allegedly facilitating financial transactions for multiple ransomware actors.

Why it matters: The sanctions, the first against a cryptocurrency exchange platform, are a part of the Biden administration's crackdown on ransomware in response to several high-profile cyberattacks this year.

Biden pledges to double U.S. climate funding to developing nations

U.S. President Joe Biden addresses the 76th Session of the U.N. General Assembly on September 21, 2021. (Eduardo Munoz-Pool/Getty Images)

Staring down a "borderless climate crisis," President Biden told the UN General Assembly on Tuesday that the U.S. will double public financial assistance to developing countries, including money to help them adapt to present-day climate impacts.

Why it matters: The failure of industrialized nations to fulfill a 2009 pledge to devote $100 billion annually to developing countries is a major impediment to a successful UN Climate Summit in Glasgow, which starts next month.