Free NewsletterPro Login

Warning: Undefined variable $stocks in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: Undefined variable $funds in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472
/* the link was here */

Trump Cancels Bipartisan Housing Bill Signing, Demands Voter ID First

Published Jun 24, 2026
Share:
Summary:
  • Trump canceled the signing of a bipartisan housing bill roughly one hour before it was scheduled, posting the cancellation on Truth Social at 11 a.m. Wednesday.
  • Trump is demanding Congress pass the SAVE America Act, a voter ID bill, before he will sign the housing package, which has a 10-day signing window before it expires.
  • The SAVE America Act has almost no path through the Senate, where Republicans fall well short of the 60 votes needed to overcome a filibuster.

Congress handed Trump a win.

A bipartisan housing bill - the kind of thing both parties can campaign on when voters are furious about costs - passed the House and Senate with support from both sides.

Leaders from both parties called it a breakthrough. The signing was set for Wednesday at noon in Statuary Hall.

Then Trump canceled it.

An hour's notice

"Today's Housing News Conference and Signing is hereby cancelled," Trump posted on Truth Social at roughly 11 a.m. Wednesday - just over an hour before he was supposed to be at the Capitol.

His reason: Congress hasn't passed the SAVE America Act, a controversial bill that would impose nationwide voter ID requirements and crack down on noncitizen voting, which is already illegal in federal elections and happens rarely.

Trump called the election bill a "National Emergency" and said he won't sign the housing package until it passes.

The housing bill aims to increase supply, make homes more affordable, and cap how many single-family homes private equity firms can buy. It's the kind of legislation members of both parties wanted to run on ahead of the 2026 midterms, where affordability is shaping up to be a defining issue.

We track the policy moves that actually hit your wallet in Market Briefs - five minutes every morning, plus a free investing masterclass when you join.

A bill with nowhere to go

The problem for Trump: the SAVE America Act has almost no path forward.

The House passed it in February. It's popular with Republicans. But without Democratic support, the GOP is well short of the 60 votes needed to overcome the Senate filibuster.

House Speaker Mike Johnson told reporters the only likely route is budget reconciliation - a process that lets the Senate bypass the filibuster but can only be used for spending and budgetary measures. There are serious questions about whether an election bill would even qualify under Senate rules.

And reconciliation is slow. The president has 10 days to sign or veto the housing bill before the clock runs out.

A tense day on the Hill

Trump met with Senate Republicans on Wednesday afternoon. The lunch was arranged by Sen. Rick Scott, not GOP leadership, which is unusual.

It got heated. Sen. Bill Cassidy, who lost his primary last month after Trump backed his opponent, reportedly yelled at the president over the Iran memorandum of understanding. Cassidy told reporters afterward: "I'm not going to be bullied when I feel like I'm asking a question the American people need to know."

Sen. Ted Cruz called it a "spirited discussion." Sen. Jim Justice described it as "very passionate" but not "super combative."

Trump's version: "I think we had a really great meeting. We like our leader. I don't like a few people, but that's OK."

What to watch

Coming out of the meeting, there was no clarity on the housing bill's future. Sen. John Husted, a supporter of the package, said it "wasn't really discussed."

Senate Majority Leader John Thune told reporters he hopes Trump "finds a way to sign it." Rep. French Hill, who led the housing bill in the House, said Trump "picked the day, and now he's chosen to change the day."

This is the second time in a week Trump has derailed a Republican priority at the last minute by demanding the SAVE America Act. Last week, he told his own DNI nominee not to show up for a confirmation hearing and tied a foreign surveillance extension to the same voter ID bill.

A bipartisan housing bill that both parties wanted to campaign on is now sitting on the president's desk with a 10-day fuse and no clear way forward.

Market Briefs breaks down what Washington's moves actually mean for your money - delivered every weekday, with a 45-minute investing course included when you sign up.

Disclosure

Recent News

1 2 3 … 98

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

October 5, 2026
What Is the Briefs Connector? A Simple Guide
  • The Briefs Connector lets your favorite AI read Briefs research, like Pro reports and the Briefs Score.
  • Without it, an AI asked about investing can give answers that sound right but aren't backed by that research.
  • It explains the research, but it won't tell you what to buy or sell.
Read More
October 5, 2026
Is a Recession Coming? What the Last Five Rate Hiking Cycles Say
  • The Fed has started raising rates again, and in the last five hiking cycles going back to 1994, a recession never started while the hikes were underway.
  • The pain showed up where there was a bubble to pop - housing in 2008, dot-coms in 2000, the pandemic money-printing boom in 2022 - and usually after the hikes ended.
  • Private equity and private credit are feeling this cycle first, and how far the pain spreads depends on how high rates go and how long they stay there.
Read More
October 2, 2026
Fed Interest Rates May Rise Again in 2026 - and the Newest Culprit Is AI
  • Fed Governor Barr told a meeting our head of investing research attended that higher rates are likely in 2026, lower inflation may not come soon, and AI is now pushing prices up.
  • The same week, President Trump asked the biggest AI companies to police themselves under an accord that's morally but not legally binding, because the White House sees AI as a race with China.
  • Higher rates put downward pressure on asset prices and squeeze borrowers, but the way through hasn't changed: own investments, buy on a schedule, and treat downturns as discounts.
Read More
October 1, 2026
Housing Market 2026: Why Office Buildings Are Cracking Before Houses Do
  • Office buildings are selling for 80% to 95% off because their five-year loans are resetting at much higher rates while half-empty floors have gutted the income those buildings are valued on.
  • Housing is under pressure, not cracking: a $400,000 mortgage costs $975 more a month than at 3%, but six of every seven mortgages are still under 6% and those owners are staying put.
  • Whether pressure turns into cracks is a race between unaffordability and the economy, and either way Jaspreet's rule is to treat your house as a liability and buy only what you can afford.
Read More
September 30, 2026
Dividend Investing vs. Growth Investing: Why the Slower Portfolio Can End Up Bigger
  • "What stock should I buy?" is the wrong first question. Growth, income, or wealth preservation comes first, and the goal changes which stocks even make sense.
  • At $500 a month for 30 years, 13% growth builds about $1.75 million. 10% growth plus a reinvested 4% dividend builds a little more than $2.2 million and pays a little more than $80,000 a year.
  • Income investors have US dividend ETFs, REITs, and international dividend funds to study. Growth investors have the Nasdaq 100, AI and chip funds, and small caps. None of it is a recommendation.
Read More
September 29, 2026
Why Is Gold Going Down? A 5.2% Treasury Yield Just Took Its Job
  • President Trump rejected Iran's deal to reopen the Strait of Hormuz, oil prices jumped back up, and gold fell instead of rising.
  • Treasury yields hit their highest level in more than 20 years, so investors sold gold and bought Treasuries that pay interest.
  • Higher Treasury yields make the national debt, mortgages, car loans, and credit cards more expensive, with the Fed's next rate decision due October 28.
Read More
September 28, 2026
The Strategic Bitcoin Reserve: Why the Government Wants Bitcoin to Explode
  • The US government holds about 328,000 Bitcoin, worth roughly $25 billion, and since a 2025 executive order it keeps seized coins instead of selling them.
  • Washington wants a bigger pile of assets so its $40 trillion national debt looks smaller next to them, which lets it keep borrowing and spending.
  • Bitcoin's wild price swings, and a government holding a coin built to escape governments, are the two risks investors need to watch.
Read More
September 25, 2026
BRIEFS EXCLUSIVE: 43% Of Respondents Say Bills Outran Their Income Over Past Two Years
  • 43% of the 494 Market Briefs readers surveyed said their bills grew faster than their income over the past two years, even though 79% could cover a surprise $5,000 expense tomorrow.
  • Half of readers own gold or crypto, the two classic bets against a weaker dollar, and only 13% bought nothing at all in the last 12 months.
  • The median reader says it takes $150,000 a year to feel financially secure, about $62,000 above the U.S. median household income.
Read More
September 25, 2026
The Economy Is Booming. So Why Did Stocks and Bonds Fall Together?
  • S&P Global says the US economy is growing at its fastest rate since 2021, with corporate profits up 28.9% in a year, almost four times the historical average.
  • Stocks and bonds fell at the same time, which is not how the two markets normally behave, because Treasury yields above 5% now compete with stocks for investors' money.
  • Jaspreet Singh lays out three ways to invest through a shift like this: always be buying, buy the crash, or follow the money before it hits the headlines.
Read More
September 24, 2026
The 2026 Economic Reset Is Starting: Are We in a Recession, or Is the Pain Still Ahead?
  • The Federal Reserve has flipped from stimulating the economy to fighting inflation with higher interest rates, while the White House still wants growth at almost any cost.
  • The national debt tops $40 trillion, has outgrown the entire U.S. economy, and its interest payments are now the government's fastest-growing expense.
  • Higher rates bring pain for private equity, private credit, and speculative assets, but they open opportunities for investors holding cash, treasuries, and value assets.
Read More
1 2 3 … 28
Share via
Copy link