This financial news is brought to you by the Alfred Johnson blog.

This just in from ECFA, Religion News Service, Baptist Press, and other sources:

The U. S. Seventh Circuit Court of Appeals has unanimously reversed a 2007 lower court’s ruling that clergy housing allowance is unconstitutional. This is excellent news for all U. S. churches and their pastoral staff.

Click here to read a more detailed breakdown of the court’s opinion.