Trump Holds Up Housing Affordability Bill Over Election Bill
Trump is refusing to sign a bipartisan housing affordability bill until Congress passes his election-law package — bad news for homebuyers and a clear sign he's trying to tilt the midterms.
- Trump won't sign the housing bill, which he helped start, unless Republicans first pass his Save America Act on voting rules.
- The housing bill is bipartisan and includes his own idea to block big investors from buying up homes, but he's now calling it unimportant.
- The Save America Act would make voting harder and force states to hand over voter rolls, with many people at risk of being kicked off.
- The administration is also threatening to block mail ballots in states that don't comply, and pushing redistricting to favor Republicans.
- Interest rates aren't falling because his tariffs and the Fed's new no-guidance stance are keeping inflation and uncertainty high.
Outlook: Republicans don't have the votes to pass the election bill or kill the filibuster, so Trump will likely have to back down or veto his own housing bill.