By CHARLOTTE KRAMON, ALEX VEIGA and MARY CLARE JALONICK Associated Press
In a rare bipartisan effort for a deeply divided Congress, the Senate has passed a broad bill to make U.S. housing more accessible and affordable. The bill passed on Thursday would reduce regulations, regulate corporate investors and expand how housing dollars can be used to build affordable homes and rentals. It now heads back to the House, which passed a separate version earlier this year. It is unclear whether President Donald Trump would sign it after declaring last weekend that he won't sign any new measures unless Congress passes legislation that would require voters to show proof of citizenship.
California Gov. Gavin Newsom says there's no imminent threat to the state from Iran. ABC News says the FBI warned California that Iran had aspired to send drones to the West Coast in retaliation for war. The FBI later released text of the alert, which noted that the information was based on "unverified information." The White House now says, "No such threat from Iran to our homeland exists." Newsom says California and various agencies plan for worst-case scenarios. Police in Los Angeles and San Francisco say they are monitoring world events for any risks.
Worries about the war with Iran sent oil prices back to $100 per barrel and stocks sinking worldwide. The S&P 500 fell 1.5% Thursday and returned to big swings following a couple days of relative calm. The Dow Jones Industrial Average dropped 1.6%, and the Nasdaq composite sank 1.8%. The center of action was again the oil market, where the price of a barrel of Brent crude got as high as $101.59. Treasury yields climbed in the bond market on worries about higher inflation and fewer cuts to interest rates by the Federal Reserve.
Americans are divided along party lines on U.S. military action against Iran, according to polls conducted since the war began, with most polls showing opposition is higher than support. Polls suggest that many Americans are worried the military action is making the U.S. "less safe," even as they see Iran as a threat to U.S. security. President Donald Trump gave conflicting messages on Monday about the war's timeline, suggesting it could be near its end while also threatening additional force against Iran if the country disrupted the global flow of oil. Fluctuating oil prices may already be alarming voters. A poll found about 7 in 10 registered voters are "very" or "somewhat" concerned that the war will cause oil and gasoline prices to rise.
By HANNAH FINGERHUT, MIKE HOUSEHOLDER, MICHAEL SCHNEIDER, MICHAEL CATALINI and BILL BARROW Associated Press
It seems that a country divided on many fronts is finding common ground at the gas pumps. There, the cost of the Iran war is hitting Americans squarely in the wallet and aggravating people across the political spectrum. That was the message from Associated Press interviews Monday with people at gas stations and beyond in five states. The national average gas price was $3.48 a gallon on Monday, up from $2.90 a month ago, before the war, according to tracking by AAA. But in interviews, some owners of electric vehicles expressed renewed gratitude for their vehicle choice as they sit out the sticker shock.
The White House says it fired an NTSB board member for serious misconduct, and he says the claims are false. President Donald Trump's administration on Monday accused Todd Inman of drinking on the job, harassing staff, misusing government resources, and skipping many meetings. Inman says he denies the allegations and plans to defend his reputation in court. Inman is a Republican appointed during former President Joe Biden's administration. The NTSB has declined to comment on Inman's dismissal. The agency now lists only three members, though the U.S. Senate has confirmed an American Airlines executive to join. The NTSB is investigating over 1,000 cases and will issue safety recommendations when it releases its final reports.
By JON GAMBRELL, DAVID RISING, ELENA BECATOROS and SAMY MAGDY Associated Press
U.S. President Donald Trump says he should be involved in choosing Iran's next supreme leader. The U.S. and Israel are hammering the country for a sixth day. Iran has kept up its retaliatory attacks on Israel, American bases and countries around the region. The war has escalated each day, affecting an additional 14 countries across the Middle East and beyond. On Thursday, Azerbaijan accused Iran of attacking it with drones — though Tehran denied that. Israel meanwhile issued a mass evacuation warning for all of Beirut's southern suburbs as the fighting escalated with Lebanon's Iran-allied Hezbollah militants. U.N. peacekeepers reported ground combat in southern Lebanon as more Israeli troops crossed the border.
By LINDSAY WHITEHURST and PAUL WISEMAN Associated Press
Some two dozen states are challenging President Donald Trump's new global tariffs in court. On Thursday, the states filed a lawsuit over import taxes he imposed after a stinging loss at the Supreme Court. Democratic attorneys general leading the suit argue that Trump is overstepping his power with planned 15% tariffs on much of the world. Trump has said the tariffs are essential to address trade deficits. He imposed duties under Section 122 of the Trade Act of 1974 after the Supreme Court struck down tariffs he imposed last year under an emergency powers law. The new suit argues that law was intended to be used only in specific, limited circumstances.
