The Federal Emergency Management Agency has already burned through almost half of its $20 billion Disaster Relief Fund that’s meant to last for another year. We’ll get into why the agency’s current budget shortfall is a sign of future problems as extreme weather events like Hurricane Milton become more common. Then, we’ll get into Vice President Kamala Harris’ new plan for funding at-home health care, some in the weeds inflation vocab, and why the identity of the creator of Bitcoin matters. Here’s everything we talked about today:“FEMA spent nearly half its disaster budget in just 8 days” from Politico“As Helene barrels into the Gulf Coast, FEMA faces shortfall for longer-term recovery” from Marketplace“Chicago Fed’s Goolsbee: Inflation has come down and job market is around full employment level” from CNBC“Inflation slowed again, new CPI report shows: Will the Fed keep cutting rates?” from USA Today“Kamala Harris proposes Medicare pay for more in-home health care during appearance on “The View'” from CBS News“Harris proposes expanding Medicare to cover home health care” from Marketplace“The quest to discover the creator of bitcoin” from MarketplaceJoin us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

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