Treasury Secretary Janet Yellen has revealed plans to address the housing supply shortage that is contributing to soaring prices across the country. The Biden administration is taking action to improve access to affordable housing in response to the current housing crisis.

Israeli Defense Minister Yoav Gallant has traveled to Washington to engage in crucial discussions with top officials from the Biden administration regarding the ongoing conflicts with Hamas in Gaza and Hezbollah in Lebanon. Gallant, accompanied by the Israel Defense Forces’ deputy chief of staff, is scheduled to meet with US Defense Secretary Lloyd Austin, Secretary of State Antony Blinken, and President Biden’s special envoy Amos Hochstein. The visit comes amidst claims by Israeli Prime Minister Benjamin Netanyahu of a significant decrease in US arms shipments to Israel. Gallant has described the talks as "critical" and will likely focus on strategies to address the escalating tensions in both Gaza and Lebanon.

The US Supreme Court is expected to issue decisions today on several high-profile cases that are still pending. These include rulings on whether former President Donald Trump is immune from prosecution for his actions related to the 2020 election, whether federally funded hospitals can be required to perform emergency abortions, and a challenge to a doctrine that impacts federal regulations. The court released four decisions yesterday, covering lesser-known criminal justice issues and a tax dispute. President Joe Biden is currently at Camp David with no public events scheduled, likely preparing for an upcoming debate with Trump. Trump's fundraising has increased significantly since his criminal conviction in May, bringing his financial resources closer to those of the Biden campaign. Additionally, a court has denied a request from Trump ally Steve Bannon to delay the start of his prison sentence for contempt of Congress, meaning he must report to prison by July 1st. The Supreme Court has set next Wednesday as the date for releasing more opinions on outstanding cases from the recent term.

Former President Donald Trump criticized President Joe Biden's immigration order as "bulls***" during a rally in Arizona. This rally was Trump's first major event since he was convicted of a felony in a hush money case in New York. Trump's remarks came as he addressed a crowd of supporters in Arizona, where he continued to push his agenda on immigration and other key issues. The former president's strong language and continued focus on immigration policies highlight the ongoing political divide in the United States.

President Biden has implemented a new rule that grants him the authority to close the US-Mexico border in response to the growing concern over immigration. The rule will be activated if more than 2,500 migrants cross the border in a single day, a scenario that has been occurring frequently in recent months. This move comes as immigration has become a top issue for voters, prompting the administration to take action to address the situation at the border.

Israeli Prime Minister Benjamin Netanyahu is scheduled to address a joint session of the US Congress for the fourth time, making him the first foreign leader to achieve this milestone. This surpasses even Winston Churchill's number of appearances. Despite differences with the Biden administration, Netanyahu will be speaking in Washington. The Israeli prime minister's office confirmed that a date for the address has not been finalized, ruling out the previously suggested date of June 13 due to a Jewish holiday. Netanyahu's upcoming speech will mark a significant moment in US-Israel relations.

Offshore Wind Power and Renewable Energy Tax Credit Guidance by IRS Introduction The U.S. Department of the Treasury and Internal Revenue Service (IRS) have recently released new guidance on the Investment Tax Credit (ITC) for offshore wind energy projects. This guidance is aimed at providing clarity on the eligibility criteria for various components of offshore […]

US Backs $50 Billion Bond for Ukraine Using Frozen Russia Assets The United States is throwing its weight behind a bold proposal to issue $50 billion in bonds for Ukraine, leveraging frozen Russian assets as collateral. This move comes as part of a broader effort to support Ukraine in the face of the ongoing Russian […]

Biden to Forgive $5.8 Billion in Student Loan Debt for Nearly 78,000 Public-Sector Workers President Joe Biden has made a significant announcement regarding the forgiveness of student loan debt for public-sector workers. This move is part of the broader efforts to address the challenges faced by borrowers and to provide relief to those working in […]

The Biden Administration’s Student Loan Forgiveness Efforts The Biden administration has recently announced a significant milestone in its ongoing efforts to provide relief to student loan borrowers. The administration has approved the forgiveness of $5.8 billion in student debt for 77,700 borrowers through the Public Service Loan Forgiveness (PSLF) program. This move is part of […]