People talk on the sidewalk in the Skid Row area of downtown Los Angeles on June 11, 2026. In a letter sent June 11 to the Los Angeles Homeless Services Authority (LAHSA), the US Department of Housing and Urban Development accused the agency of fraud and criticized its lack of progress in reducing homelessness, amid reports that federal funding had been frozen pending an ongoing investigation into alleged financial mismanagement. (Photo by Apu GOMES / AFP via Getty Images)

A woman walks past homeless tents in the Skid Row area of downtown Los Angeles on June 11, 2026. In a letter sent June 11 to the Los Angeles Homeless Services Authority (LAHSA), the US Department of Housing and Urban Development accused the agency of fraud and criticized its lack of progress in reducing homelessness, amid reports that federal funding had been frozen pending an ongoing investigation into alleged financial mismanagement. (Photo by Apu GOMES / AFP via Getty Images)

A woman experiencing homelessness sits inside a makeshift cardboard shelter in the Skid Row area of downtown Los Angeles on June 11, 2026. In a letter sent June 11 to the Los Angeles Homeless Services Authority (LAHSA), the US Department of Housing and Urban Development accused the agency of fraud and criticized its lack of progress in reducing homelessness, amid reports that federal funding had been frozen pending an ongoing investigation into alleged financial mismanagement. (Photo by Apu GOMES / AFP via Getty Images)

A man experiencing homelessness sits on a mattress in downtown Los Angeles on June 11, 2026. In a letter sent June 11 to the Los Angeles Homeless Services Authority (LAHSA), the US Department of Housing and Urban Development accused the agency of fraud and criticized its lack of progress in reducing homelessness, amid reports that federal funding had been frozen pending an ongoing investigation into alleged financial mismanagement. (Photo by Apu GOMES / AFP via Getty Images)

A man experiencing homelessness stands outside a tent in the Skid Row area of downtown Los Angeles on June 11, 2026. In a letter sent June 11 to the Los Angeles Homeless Services Authority (LAHSA), the US Department of Housing and Urban Development accused the agency of fraud and criticized its lack of progress in reducing homelessness, amid reports that federal funding had been frozen pending an ongoing investigation into alleged financial mismanagement. (Photo by Apu GOMES / AFP via Getty Images)

Two men look at an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on June 12, 2026. Japan's Nikkei share index soared more than four percent on June 12 after US President Donald Trump withdrew his threat of further strikes against Iran and said a deal to end the war could be signed in coming days. (Photo by Andrew CABALLERO-REYNOLDS / AFP via Getty Images)

People pass a board showing the current levels of the Tokyo Stock Exchange along a street in Tokyo on June 12, 2026. Japan's Nikkei share index soared more than four percent on June 12 after US President Donald Trump withdrew his threat of further strikes against Iran and said a deal to end the war could be signed in coming days. (Photo by Andrew CABALLERO-REYNOLDS / AFP via Getty Images)

Clouds are reflected off a building with an electronic quotation board displaying the Tokyo Stock Exchange in Tokyo on June 12, 2026. Japan's Nikkei share index soared more than four percent on June 12 after US President Donald Trump withdrew his threat of further strikes against Iran and said a deal to end the war could be signed in coming days. (Photo by Andrew CABALLERO-REYNOLDS / AFP via Getty Images)