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The Latest Breaking News from Elizabeth Warren

Housing Villains

Donald Trump and Zohran Mamdani both do their bit to sabotage healthy housing policy.

Reason

Artificial intelligence becomes ripe target for taxes

Some progressives are floating various plans to spread the wealth of the AI boom in the run-up to the midterm elections this fall, with proposals ranging from taxes on AI tokens to an excise tax on the energy used by data centers. But other stakeholders are urging a more cautious approach, and…

Roll Call

Is CZ Really Richer Than Bill Gates? Binance Founder Dismisses Forbes' $110 Billion Estimate

Explore the $30B valuation gap in Binance founder CZ's $110B fortune, surpassing Bill Gates. Understand the implications for cryptocurrency investors and your portfolio's reliability.

International Business Times UK

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Social Security is headed for a day of reckoning, and Congress is running out of time to save boomers. Lawmakers are proposing some hard choices

"Why should a middle-class nurse pay a larger share of her paycheck than a wealthy corporate lawyer?"

Fortune

Gavin Newsom urges a national 'billionaires' tax' while fighting one in California

California governor calls for national tax on super-wealthy and suggests the US should own a stake in AI companies

The Guardian - US

The Housing Bill Trump Won't Sign

Plus: Mamdani's rent freeze, Darializa's "no jail for murderers" stance, inflation ticks up, and more...

Reason

The DSA and the Democrats' Retreat Into Economic Fantasyland

The party's new crop of Mamdani-backed socialists are just the latest sign of a long slide into economic radicalism.

Reason

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Anthropic Accuses Alibaba of Attempting to Steal Claude AI Secrets Using 25,000 Fake Accounts

Anthropic accuses Alibaba of orchestrating a large-scale AI capability siphoning operation, involving 25,000 fake accounts and 28 million queries, raising concerns about US-China AI competition

International Business Times UK

Elizabeth Warren says ‘tsunami of anger’ could prompt reversal of Trump-era mega mergers

Exclusive: US senator suggests architects behind ‘frenzy’ of blockbuster corporate deals have ‘badly miscalculated’

The Guardian - US

Trump-Cassidy Showdown Signals New GOP Senate Rebellion: 'Mad as a Murder Hornet' Over Iran War

Four Republican senators broke with Trump on Iran the same day he cancelled a bipartisan housing bill, signalling a Senate rebellion that could stall the bills hitting your wallet.

International Business Times UK

Congress’s landmark housing bill could backfire on millions of renters

The bipartisan bill hopes to bridge the gap between high home prices and Americans desperate for affording housing. But the ban on institutional investors could take away rentals millions rely on.

Fortune

Warren: Trump doesn't care about costs

The senator said Donald Trump is stymying affordable housing because he's indifferent to the cost crunch

Salon

Elizabeth Warren Wants To Raise Taxes and Give All the Money to Senior Citizens

Her plan to fix Social Security's fiscal flaws would ask workers to cover the full cost. Some Republicans are supporting it too.

Reason

No peace deal for Trump and GOP at Senate lunch

Republicans on Capitol Hill had been hoping to spend the summer touting a rare bipartisan legislative feat, but Donald Trump and his growing anger toward Senate Republicans torched that effort Wednesday. And more trouble could lie ahead, if a tense in-person meeting was any indication. Trump descended on the Capitol…

Roll Call

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The Independent UK

Rare bipartisanship is behind the first housing bill in decades. But it could take years to see the fruits, some experts warn

The landmark legislation still needs the signature of President Donald Trump who cancelled plans to sign the bill Wednesday

Bangkok Post

US Congress passes landmark housing affordability bill

WASHINGTON (UNITED STATES) - The US House of Representatives passed a sweeping housing affordability bill on Tuesday, sending President Donald Trump one of Congress's rare cross-party achievements as lawmakers face mounting pressure over the cost of living.

The Independent UK

Senate overwhelmingly passes bipartisan housing bill aimed at lowering costs

Its passage follows weeks of intense negotiations as lawmakers from both parties sought to address housing affordability in an election year

AAP

Senate passes a bipartisan housing bill aimed at increasing supply and lowering prices

The Senate has passed a bipartisan housing bill that aims to bring down home prices and increase supply

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news in one place.

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The Independent UK

Senate is set to pass a bipartisan housing bill aimed at increasing supply and lowering prices

The Senate is set to pass a bipartisan housing bill that aims to bring down home prices and increase the supply

Reason

Rich Americans Pay a Higher Share of Taxes Than the Wealthy in Most Countries

What’s a “fair share” of funding for a government that many Americans distrust?

The Guardian - US

The billionaire hidden behind the curtain inside Trump’s Pentagon

Media-shy financier Stephen Feinberg has quietly amassed extraordinary influence over US military spending

Roll Call

Housing deal in hand, revised bill cruising toward passage

Senate and House leaders agreed Tuesday to a final version of comprehensive housing legislation that they believe will pass the Senate this week and the House next week, landing on the president’s desk for his expected signature. The deal puts the chambers within reach of concluding almost a year of…

International Business Times UK

Trump Says Iran Peace Deal Is On But The CIA Isn't Convinced

US President Trump expresses confidence in a peace deal with Iran at the G7 Summit, but internal doubts persist about Iran's commitment to nuclear concessions.

The Times of India

'When I give my savings to Elon Musk...' Senator Elizabeth Warren trolled for demanding wealth tax on world's first trillionaire

Senator Elizabeth Warren was royally trolled as she called for a wealth tax on Elon Musk after Musk became the world's first trillionaire after SpaceX's Nasdaq debut. "Elon Musk just became the world's first trillionaire. The typical American household would have to work more than 11 MILLION years to make…

International Business Times UK

SpaceX Raises Record $75 Billion IPO Despite $5 Billion Loss and Overvaluation Warnings: 'A Leap of Faith'

SpaceX's record-breaking $75B IPO at a $1.77T valuation sparks debate over its true worth, as analysts and political figures express concerns about overvaluation and governance ahead of its Nasdaq debut.

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