On Tuesday, congressional leaders finally brokered a deal on a sweeping housing reform package after months of partisan gridlock.
The “21st Century ROAD to Housing Act” aims to tackle the affordability crisis by capping how many single-family homes large institutional investors can buy each year. To secure Republican support, the bill includes major deregulation of federal construction rules and a surprise temporary ban on the Federal Reserve creating a digital currency until 2030. While housing advocates praise the push for new supply, some critics worry that corporate loopholes might still allow Wall Street to dominate the rental market.
The Senate is expected to hold a final vote this week before sending the legislation to the President for his signature.
.Here are the top political news stories for today.
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