President Donald Trump has chosen not to sign a sweeping housing affordability bill Friday, in protest of Congress not approving a strict voter ID bill that lacks sufficient support to pass.
The housing measure will become law without Trump’s signature because he didn’t veto it. Still, the president’s rejection of the legislation cuts short the GOP’s efforts to address a key voter concern about rising costs, exacerbating tensions with his own party
in a midterm election year.
Also, the U.S. launched new airstrikes against Iran on Thursday and Tehran responded by targeting U.S.-allied Mideast countries. Thursday’s exchange of fire appeared bigger than other recent back-and-forth attacks that have increasingly threatened the ceasefire.
Here's the latest:
U.S. stocks and oil prices are drifting toward a quiet finish of the week Friday following earlier fireworks on worries about how the war with Iran will affect the global flow of crude.
The S&P 500 rose 0.1% and was on track to close out a fourth winning week in the last five. The Dow Jones Industrial Average was up 65 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.1% higher.
Oil prices were holding relatively steady, even after a series of unclaimed airstrikes hit Iran after the U.S. said it finished its attacks. The price for a barrel of Brent crude oil, the international standard, rose 0.2% to $76.47.
That’s above the $72 it was at the start of the week, when it was back below its level from before the war with Iran, but it’s still well below its wartime peak of nearly $120.
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Trump has chosen not to sign a sweeping housing affordability bill Friday, in protest of Congress not approving a strict voter ID bill that doesn’t have enough support to pass.
“I will not sign the Housing Bill, which has been fully approved by Congress and sent to the White House, in PROTEST over the fact that the United States Senate is not capable of passing THE SAVE AMERICA ACT,” Trump posted on social media.
The housing measure will become law without Trump’s signature. He had 10 days to issue a veto and stop the measure, which he chose not to do.
Trump’s rejection of the bipartisan housing legislation exacerbates tensions with his own party in a midterm election year and cuts short their efforts to address a key voter concern about rising costs.
Trump has ousted members of the bipartisan federal election commission that resisted his efforts to require would-be voters to document their U.S. citizenship before registering.
The White House on Friday confirmed the executive action against members of the Election Assistance Commission, which distributes federal grants to states, oversees the testing of voting systems and maintains the national voter registration forms.
It’s the latest move in the Republican president’s effort to expand White House influence over how U.S. elections are conducted and comes after a recent U.S. Supreme Court ruling that gave the president new personnel authority to fire members of independent agency boards.
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The series of unclaimed airstrikes that hit Iran after the U.S. said it finished its attacks have again raised questions of who else may be targeting the Islamic Republic.
The strikes Thursday, just as Iran prepared to bury the late Supreme Leader Ayatollah Ali Khamenei, hit areas across southern Iran. The country’s theocracy hasn’t directly blamed anyone for the strikes, though one lawmaker issued a warning to the United Arab Emirates over allegedly providing support to the United States in its campaign against Iran.
Gulf Arab states, which repeatedly have been targeted by Iran since the war began Feb. 28, did not immediately respond to requests for comment Friday over the strikes. The attacks come as they and the U.S. insist the Strait of Hormuz must be open and free to ships to transit.
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