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5 min readPresident Trump will not sign a bipartisan housing bill that cleared Congress last month, allowing it to become law without his signature. Trump said he is withholding his signature to protest the Senate’s failure to pass legislation requiring proof of U.S. citizenship to vote. The move is a symbolic rebuke rather than a veto, and the measure takes effect automatically.
The latest escalation between the United States and Iran is adding financial pressure on American households. Mark Zandi, chief economist at Moody’s Analytics, said the additional costs are starting to take a toll. “The cost for the typical American household is about $1,100,” Zandi said. “If you look at our typical American household spending patterns, that’s roughly the amount we spend on all the fruits and vegetables we buy in a given year or all the money we spend on public transportation.” With the ceasefire still uncertain, the economic fallout could become a major issue in the midterm elections, now just four months away.
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What you'll learn
- 1 (00:05) **Trump Withholds Signature on Bipartisan Housing Bill** - President Trump says he will not sign a housing bill that cleared Congress last month, allowing it to become law without his signature as a protest over citizenship verification legislation.
- 2 (00:26) **Economic Fallout from U.S.-Iran Tensions** - The latest escalation between the U.S. and Iran is adding financial pressure on American households, with costs estimated at $1,100 per typical family.
- 3 (01:17) **Vulnerability of U.S. Bases in the Middle East** - Air strikes between the U.S. and Iran have exposed the vulnerability of U.S. bases, with a former CENTCOM chief analyzing Tehran's objectives.
- 4 (01:55) **Market and Fuel Price Update** - Stocks opened higher, while gas and diesel prices rose another four cents a gallon due to tensions in the Strait of Hormuz.
- 5 (02:40) **SK Hynix IPO on NASDAQ** - South Korean memory chipmaker SK Hynix is offering shares on the NASDAQ for the first time, expecting to raise more than $26 billion.
- 6 (03:00) **Colorado GOP Primary Winner** - Political outsider Victor Marx, a Marine Corps veteran with a large social media following, wins the Colorado Republican primary for governor.
- 7 (04:03) **NASA Seeks Volunteers for Isolation Simulation** - NASA is looking for volunteers to spend a year in isolation simulating a mission to the moon or Mars, studying how crews handle confinement and limited resources.
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