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Senate passes bipartisan housing bill to improve access and affordability
National

Senate passes bipartisan housing bill to improve access and affordability

  • 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.

Oil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war
Business
AP

Oil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war

  • By STAN CHOE - AP Business Writer
  • Updated

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.