Plus: Trump's 50-year Mortgage Plan & Airline Problems Persist

Good evening,

For all the people who can’t afford to buy in this challenging housing market, President Trump is pitching a solution: 50-year mortgage loans. But, the proposal is already getting pushback from consumer finance experts and his MAGA base.

Most first-time homebuyers in the U.S. take out 30-year mortgages. By the numbers: Someone buying a $450,000 home with a 6.25% interest rate would pay about $2,771 a month on a 30-year mortgage — paying more than $547,000 just in interest over the life of that loan.
- 💵 Stretching it to 50 years drops the monthly payment to about $2,452 a month, but the total interest soars to around $1 million.
Rep. Marjorie Taylor Greene (R-GA) said the move “will ultimately reward the banks, mortgage lenders. and home builders while people pay far more in interest over time and die before they ever pay off their home.” Conservative influencers like Laura Loomer, Mike Cernovich, Christopher Rufo, and Sean Davis also criticized the proposal.
- 🚨 Industry experts point to low housing supply being the driving issue for housing affordability issues.

Behind the scenes: Trump first proposed the idea Saturday on Truth Social, featuring an image of him with former President Franklin D. Roosevelt, who championed 30-year mortgages during the New Deal. Minutes before, the Federal Housing Finance Agency director reportedly presented Trump with a posterboard of the image at Mar-a-Lago — the move blindsided the White House.

Under the Dodd-Frank Act, loan terms cannot exceed 30 years. So, don’t hold your breath that this will happen anytime soon.

Mo News Team

🚨 ONE IMPORTANT THING

ByHeart Recalls All Baby Formula After Botulism Outbreak: A Look At The Overall US Formula Market

Organic baby formula maker, ByHeart, is voluntarily recalling all of its product, after the U.S. Food and Drug Administration (FDA) linked it to more than a dozen cases of infant food poisoning across the country.

Federal officials said 15 children, ages 2 weeks to five months, were hospitalized after consuming ByHeart Whole Nutrition Infant Formula – part of a botulism outbreak across 12 states since August, according to the CDC. No deaths have been reported so far.

While the recall is not expected to spark a nationwide shortage like was seen in 2022, it is a blow to efforts made in recent years to diversify and modernize the U.S. baby formula market.

MORE INTO THE INVESTIGATION
ByHeart officials expanded the voluntary recall from two lots announced Saturday to all products in consumers’ homes and in stores as of Tuesday. That includes ByHeart Whole Nutrition Infant Formula and Anywhere Pack pouches of powdered formula. The company notes that infant botulism has never before been tied to infant formula.

Preliminary testing by California health officials “suggest the presence” of the type of bacteria that could produce botulism in a can of the company’s powdered formula. More testing is ongoing, both by the company and U.S. health officials.

What it is: Infant botulism occurs when babies consume a type of bacteria that produces a toxin in their large intestine. Symptoms include constipation, poor feeding, and drooping eyelids.
- Though it can lead to paralysis or death in rare cases, infant botulism is very treatable and has a survival rate of between 98-100%, according to the Cleveland Clinic.
Timing: Botulism can take weeks to develop, so the FDA is advising parents who have fed their children ByHeart to keep a close eye on them. Here are some alternative formula options.

BIGGER PICTURE
ByHeart products make up less than 1% of infant formula sold in the U.S., according to the FDA. So a nationwide formula shortage is unlikely. The company is one of the few new U.S. brands in a formula market long-dominated by just a handful of companies using decades-old recipes.

It became clear how fragile the baby formula supply chain in the U.S. is after the 2022 Abbott Nutrition plant shutdown, which triggered nationwide shortages.
- While infections involving Cronobacter sakazakii and Salmonella Newport were reported in five infants — two of whom died — federal officials never found a direct link to the plant.
- Since then, the FDA has stepped up oversight and developed new strategies to prevent bacterial contamination, according to their Jan. 2025 report. The agency says it’s also working to diversify and stabilize the formula market by supporting new manufacturers and aligning U.S. standards more closely with international ones.

Still, the industry remains highly reliant on three major producers. In March, Health Secretary Robert F. Kennedy Jr. launched Operation Stork Speed — the first comprehensive review of infant formula nutrition standards since 1998 — to modernize the system and strengthen supply security.

🚨 ONE THING WE’RE WATCHING

Even As Shutdown Nears End, Air Travel Woes Continue

The federal government shutdown may soon end, but air travel chaos won’t disappear overnight, officials are warning.

House lawmakers are heading back to Washington today for tomorrow’s vote on reopening the government after the Senate passed a deal late Monday night.
- It’s not a done deal. House Speaker Mike Johnson (R-LA) might need President Trump’s blessing to get the package through the narrow GOP majority.

Tuesday travel looks better than Monday, despite FAA flight reductions jumping to 6%. Air traffic controller staffing was up, and Washington, D.C. airports were running smoothly for lawmakers to land ✈️. If numbers stay steady today, the FAA’s plans to reduce flights by up to 10% this week could be paused.

Bottom line: The U.S. is still short about 3,000 air traffic controllers, many working unpaid and long hours during the shutdown, worsening an already strained system. Airlines warn the ripple effects will linger for days after the government reopens and could push into Thanksgiving travel.

⏳ THE SPEED READ

🚨NATION

Trump slams “politically correct” politics in Veterans Day speech (AXIOS) after visiting Tomb Of The Unknown Soldier at Arlington Cemetery (USA TODAY)
Trump asks the Supreme Court to hear his appeal of a civil verdict that ordered him to pay the writer E. Jean Carroll $5 million in damages (CNBC)
Judge adopts Utah congressional map creating a Democratic-leaning district for 2026 (AP)
Families of 9 Camp Mystic flooding victims file lawsuits alleging gross negligence after 27 girls and counselors died (CNN)
Christian ministry founder and daughter die in Florida plane crash en route to Jamaica (FOX)

🌎 AROUND THE WORLD

Furor over editing of Trump speech sparks ‘existential crisis’ at the BBC (AP)
Suicide bombing in Islamabad kills 12, says Pakistan’s interior minister (BBC)
Russian forces ride into key Ukrainian city through fog on battered vehicles in video likened to ‘Mad Max’ (NBC)
Air pollution in Indian capital Delhi closes schools, draws protests and a warning for the sick to escape (CBS)

📱BUSINESS, SCIENCE & TECH

Japan’s SoftBank says it has sold its shares in Nvidia for $5.8 billion, turning its focus to OpenAI (AP)
Warren Buffett says he will be ‘going quiet’ as he sends farewell letter as Berkshire Hathaway CEO (SKY NEWS)
Apple reportedly pulls plug on iPhone Air 2 after weak sales of debut model (NY POST)
Coffee may protect people against irregular heartbeats, study finds (GUARDIAN)

🎬 SPORTS & ENTERTAINMENT

Pope Leo set to host a star-studded Hollywood gathering at the Vatican, shares his four favorite movies (VARIETY)
Gal Gadot wins 2026 Genesis Prize, will donate $1 million proceeds to help Israelis heal (TIMES OF ISRAEL)
David Szalay wins 2025 Booker prize for dark novel ‘Flesh’ (GUARDIAN)
Mavericks fire GM Nico Harrison nine months after Luka Doncic trade disaster (NY POST)

ICYMI FROM THE 📲

In case you missed it… Apple just launched a $229.95 “iPhone Pocket” — a knitted bag made in collaboration with Japanese designer Issey Miyake that’s essentially a stylish sock for your phone. A shorter $149.95 version comes in bright colors and can be worn on your arm or tied to a bag.

Thoughts? The Verge points out that back in 2004, Steve Jobs joked about the $29 iPod Socks as “a revolutionary new product” when it was unveiled.