![Surge in borrowing costs will drive up mortgage interest rates, economists warn as… [Video]](https://smallbizsage.com/wp-content/uploads/2025/01/mp_348081_0_698242.jpg)
Rachel Reeves’ surge in borrowing costs will lead to increased interest rates on mortgages and business loans, economists have warned.
Funding
![Gov. Phil Scott delivers inaugural address, once again preaching affordability [Video]](https://smallbizsage.com/wp-content/uploads/2025/01/mp_348016_0_0003097a90db4419a06e219e51eedae2jpg.jpg)
LAWMAKERS CAN OFFICIALLY GET TO WORK IN MONTPELIER. THE LEGISLATURE VOTED IN JOHN RODGERS… AS LIEUTENANT GOVERNOR. AND GOVERNOR PHIL SCOTT WAS SWORN IN FOR HIS FIFTH TERM, DELIVERING HIS INAUGURAL ADDRESS YESTERDAY. SCOTT’S 42-MINUTE SPEECH HIT ON THE BIG ISSUES THAT HE SAYS…THE STATE HASN’T SOLVED. NBC 5’S STEPHEN BIDDIX BREAKS THEM DOWN FOR US. GOVERNOR PHIL SCOTT THE 82ND GOVERNOR OF THE GREEN MOUNTAIN STATE. DELIVERING HIS INAUGURAL ADDRESS…QUICKLY reinforcing ON HOW HE FEELS MORE RURAL PARTS OF VERMONT ARE BEING LEFT BEHIND AND HURT BY POLICES PASSED BY THE DEMOCRATIC SUPERMAJORITY THE LAST 2 YEARS.
![More hurricane recovery funding heading to Sarasota County, officials say [Video]](https://smallbizsage.com/wp-content/uploads/2025/01/mp_348013_0_c608f2f963244342829b1d777d79605f1140x641jpg.jpg)
The more than $210 million injection would cover families, businesses and communities impacted by weather disasters that happened between 2023 and 2024.
![Tri-laser projector fires out unprecedented home theater flexibility [Video]](https://smallbizsage.com/wp-content/uploads/2025/01/mp_347997_0_90.jpg)
Valerion launched a bunch of 4K projectors on Kickstarter last November, and went on to raise more than $10 million. Now the startup has officially released its VisionMaster Max at CES 2025, while also debuting its new interchangeable lens.
![Oregon, Washington Red Cross workers help California fire victims [Video]](https://smallbizsage.com/wp-content/uploads/2025/01/mp_347969_0_e4bd9ef99fa34fdf9ecac0d3d6fbbefa1140x641jpg.jpg)
Red Cross teams staffed seven shelters with more than a thousand people overnight, according to Red Cross Cascades.
![Business First: CinqCare layoffs in Buffalo [Video]](https://smallbizsage.com/wp-content/uploads/2025/01/mp_347920_0_a95f23a0fbaa4a1282aaa9f4109415eb1140x641jpg.jpg)
CinqCare is laying off 51 of its 117 Buffalo employees.
![Mortgage rates October 17 2024 [Video]](https://smallbizsage.com/wp-content/uploads/2024/10/mp_323982_0_forsalejpg.jpg)
Mortgage rates climbed again for a third straight week, further dinging demand as the housing market continues to suffer from an affordability crisis.
![Los Angeles fires burn more than 10,000 homes, businesses [Video]](https://smallbizsage.com/wp-content/uploads/2025/01/mp_347780_0_ee18429e79ea444ea2cb86370be9e1a61140x641jpg.jpg)
The fires have been spurred on by hurricane-force gusts of wind, stretching firefighting resources thin across the L.A. area.
![City of Portland asks public safety bureaus to explore budget cuts [Video]](https://smallbizsage.com/wp-content/uploads/2025/01/mp_347768_0_3N4R2O5SEJHOXIN7N6KME3RODUpng.jpg)
As the city of Portland faces a $27M funding gap, officials looked to their internal bureaus to develop strategies to cut spending by 5% to 8%.
![Palisades Fire in Los Angeles County: Evacuations, maps [Video]](https://smallbizsage.com/wp-content/uploads/2025/01/mp_347742_0_ac01ff25215341a5bc1d79a4637481b71140x641jpg.jpg)
The Palisades Fire swiftly consumed more than 200 acres (81 hectares) of dry brush and sent up a huge plume of smoke visible across the city. Here’s the latest.
![Federal ruling to remove medical debt is not as good as it sounds [Video]](https://smallbizsage.com/wp-content/uploads/2025/01/mp_347686_0_JSM52CCSIJF3DNXE6NZQFB25MIbmp.jpg)
The Biden Administration is finalizing this Consumer Financial Protection Bureau (CFPB) ruling that would also ban lenders from using certain medical information in loan decisions.
![Cold weather shelter organizer loses everything in home fire [Video]](https://smallbizsage.com/wp-content/uploads/2025/01/mp_347658_0_a1f8163c418a4720b57d8a4c7a5c7e6b1140x641jpg.jpg)
Kristy Jocelyn, Executive Director of BASICS United Inc. in Citrus County, knows first-hand the importance of providing cold weather shelters to those in need.