(The Center Square) – A Monday executive order from President Donald Trump seeks to establish a new government office to assist companies looking to invest more than $1 billion in growing their business in the U.S. 

Burdensome government regulations impede both domestic and foreign business expansion, according to the order, and the office, designated the “United States Investment Accelerator,” is meant to help with that.

“It is in the interest of the American people that the Federal Government dramatically expand its assistance to companies seeking to invest and build in the United States,” the order reads.

The office is to be housed within the Department of Commerce and will help investors of more than $1 billion “navigate… regulatory processes efficiently, reduce regulatory burdens” as much as possible and make “national resources” more accessible “where appropriate and consistent with applicable law.”

The order also stipulates the office is to “facilitate research collaborations with our national labs and work with state governments in all 50 states to reduce regulatory barriers to, and increase, domestic and foreign investment in the United States.”

The order also tasks the office with overseeing the CHIPS program established under President Joe Biden and “negotiating much better deals” than his administration. 

A number of companies have committed to a combined total of more than $3 trillion in American investment since Trump took office in January, including Apple for $500 billion and the world’s largest semiconductor chip manufacturer for $100 billion. 

Trump has said the administration has secured verbal commitments from others putting total private investment at $5 trillion “very soon.”

(The Center Square) – The city of Los Angeles could be on the hook for $270 million if the 2028 Olympics are not on budget. With the city already facing a $1 billion deficit and the state infamous for the ballooning $135 billion budget for its high speed rail program, many wonder if the city can handle the Olympic games.

L.A. famously turned a profit from its 1984 Olympics by minimizing new construction, and has sought to do so for the 2028 games. The latest plan for the “no build” games has moved some events to Oklahoma City — canoe slalom and softball — which could be an attempt to minimize local costs. 

L.A. City Controller Kenneth Mejia, who has been warning the city is “broke” since 2024, has pointed out difficulties the city may have in hosting the games, especially compared to Paris, which hosted the game in 2024.

“L.A. is the next Summer Olympics host city. Will we be ready?,” said Mejia on X. “Compared to Paris, Los Angeles has 2x the population, 10x the unsheltered population, 1/10 the transit ridership, ¼ the transit vehicles per million people, 3x the road deaths.” 

The city is on the hook for the first $270 million over budget the Olympics costs in excess of the approved $6.9 billion budget, with the state of California — which itself faces annual deficits rising to the tens of billions of dollars — taking the next tranche. 

In 2019, then-mayor Eric Garcetti said he expects the city to earn $1 billion in profit from the 2028 games. Not a single Summer Olympics has generated a profit since the 1984 L.A. Olympics, with games typically running billions of dollars over budget.

(The Center Square) – According to federal data, taxpayers may now be helping cover California rents of up to $7,030 near the Mexican border.

Under the federal Section 8 housing voucher program, families are expected to dedicate 30% of their incomes to housing costs, while a federal voucher covers the rest. Vouchers are portable, with the Department of Housing and Urban Development aiming to provide tenants with “greater ability to move into ‘Opportunity Neighborhoods’ with jobs, public transportation, and good schools.”

In San Diego County, there are three ZIP Codes where fair market rents covered by Section 8 exceed $7,000 per month for a four-bedroom home: swanky coastal Del Mar, whose notable homeowners include Microsoft founder Bill Gates and football star Aaron Rodgers, and neighboring Rancho Sante Fe, whose residents include Bill Murray and Phil Mickelson, is joined by Chula Vista, a more modest community that adjoins the California-Mexico border.

The San Diego County income limit for a family of five to qualify for Section 8 is $49,500, meaning that family would be expected to contribute up to approximately $1,237.50 per month towards the up to $7,030 fair market rent authorized for Section 8 vouchers of up to $5792.50 per month. 

According to the U.S. Department of Housing and Urban Development, which administers the Section 8 program, FMR is set by the 40th percentile rent, as determined by the results of the American Community Survey conducted by the U.S. Census Bureau. 

As of March 31, there are four four-bedroom homes for rent in Chula Vista’s 91914 ZIP code listed on Zillow, ranging from $3,800 per month to $10,000 per month, with two of the rentals under the $7,030 threshold. 

According to the Center on Budget and Policy Priorities’s January 2025 report, 2.3 million households receive Section 8 vouchers, which are expected to cost federal taxpayers $32.8 billion in fiscal year 2025.

Because maximum voucher amounts are set by local rents, expensive, densely-populated coastal regions receive a disproportionate share of voucher funding.