Day: June 16, 2026

CNBC   An affordable housing bill limiting how many single-family homes major investors can buy is poised to be signed into law before the end of the month after key lawmakers in the House and Senate reached an agreement Tuesday. The bill, which is focused on increasing the supply of homes, would not include a controversial provision requiring major investors to sell any housing units they build within seven years, but would cap the number of single-family homes they could buy at 350. Senate Majority Leader John Thune, R-S.D. told reporters on Tuesday that the bill could clear the Senate as soon as this week, with an initial vote to begin to advance the measure on Thursday evening. READ THE FULL STORY   

CBS News   President Trump has invoked the Defense Production Act to address constraints in the production of munitions, according to a presidential memo released on Tuesday. The war against Iran has highlighted concerns over munitions stockpiles and rates of production. The memo delegates the Defense Secretary to use the Defense Production Act, which can be used to jumpstart production of key items. The memo says the mechanism is warranted because fragile supply chains and production bottlenecks may “impair the ability” for the U.S. to expand the availability of munitions, missiles and equipment required for the national defense. The memo — which says it is scheduled to be formally published on Wednesday — invoked a section of the 1950 law that allows the government and private firms to forge “voluntary agreements and plans of action to help provide for the national defense.” READ THE FULL STORY   

The Hill   Nearly half of Americans don’t consider themselves a Democrat or Republican, according to a new poll. In the CNN poll released Tuesday, 47 percent of respondents said they are either “independent,” part of another party or had “no opinion” on identification. Twenty-six percent of those surveyed saw themselves as Republicans and 27 percent saw themselves as Democrats. Among those who fell into the independent bucket, 10 percent said they identify with another political party. The results mark a slight increase in the share of those who identify outside the two major parties. READ THE FULL STORY