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The Latest Breaking News from Tim Scott

Housing Villains

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

Reason

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

Larry Ellison quietly gave $45 million to a pro-Trump group—then Oracle landed a starring role in a $500 billion AI buildout

While Big Tech's biggest names have publicly courted President Donald Trump, Oracle's billionaire cofounder took a quieter route—one that has reportedly tracked with major wins for his company and his son's media empire.

Fortune

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read the most diverse news in one place.

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

The Independent UK

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.

Bangkok Post

Trump’s picks win Senate runoffs in Georgia and Alabama

A pair of Republicans endorsed by Donald Trump won their Senate primary runoffs Tuesday, but the president suffered a setback in a Republican gubernatorial contest for the second time this month. In Georgia, Rep. Mike Collins claimed the GOP Senate nomination, two days after picking up Trump’s support, while the…

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…

Roll Call

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Thune hits breaking point with Trump

The Senate majority leader has publicly aired his disagreements with Trump lately.

Axios

Bitcoin falls to $61,000, down more than 25% this month as long-term holders sell

Bitcoin has fallen to its lowest level since February, dropping more than 25% this month, as long-term holders liquidate billions in holdings and efforts to advance US crypto regulation face uncertainty in Washington.

Euronews

A Reprieve for Build-To-Rent

The House passes a housing bill that protects build-to-rent development while still cracking down on large investors.

Reason

Trump Shares Barack Obama's AI-Generated Mugshot Months After Controversial Racist Post

Donald Trump faces criticism for sharing an AI-generated image of Barack Obama in a fabricated mugshot, sparking debate over misinformation and racial imagery in political discourse.

International Business Times UK

House passes housing bill still at odds with Senate version

The House voted 396-13 to pass housing legislation Wednesday after two key senators said the House bill would need work to pass the Senate. The House vote on the measure was procedurally to adopt a resolution concurring in a Senate amendment, a move that effectively swapped in House text to…

Roll Call

Senate Banking approves crypto market structure bill

The Senate Banking Committee voted Thursday to approve, mostly along party lines, legislation that would set the rules for the operation and oversight of digital asset markets, advancing a landmark bill the panel has been working on since last summer. Months of negotiations between Republicans and Democrats resulted in only…

Roll Call

Senate CLARITY Act vote today: Can Congress finally end SEC crypto chaos with historic U.S. crypto regulation bill?

The CLARITY Act markup vote, scheduled for May 14, 2026, marks the most significant Senate action on crypto market structure in U.S. history. The Senate Banking Committee debates over 100 amendments before deciding whether to advance the 309-page Digital Asset Market CLARITY Act to the full Senate floor. The White…

The Economic Times

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Fortune

The crypto industry’s Clarity Act hits a critical juncture: Where things stand going into Senate markup

A key banking committee reached a deal on stablecoin yield, but ethics conflicts remain

Fortune

Bitcoin breaks $80k as long-awaited CLARITY Act approaches finish line

‘We’re in the red zone,” Senate Banking Committee chairman Tim Scott said

Roll Call

Warsh vows Fed independence; Democrats assert financial conflicts

Kevin Warsh, the nominee to be next chairman of the Federal Reserve, promised senators Tuesday that the central bank would maintain its independence from the White House under his leadership and that he would divest assets that raised conflict-of-interest concerns among Democrats. Warsh tried to reassure lawmakers at the Senate…

Roll Call

Fed chair nominee Warsh to field questions about Fed independence

Republicans and Democrats on the Senate Banking Committee appear poised to question Kevin Warsh, the nominee to be the next chairman of the Federal Reserve, on the central bank’s independence — but from different angles — during a hearing scheduled for Tuesday. Ranking member Elizabeth Warren is also expected to question…

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The Guardian - US

Senate Democrats move to stall Trump’s ‘absurd’ bid to install new Fed chair

Democratic lawmakers urged Republican leaders to postpone the confirmation hearing of Kevin Warsh

The Independent UK

From Obama-apes to Trump-as-Jesus: Is there a rock bottom to the president’s unhinged social media habit?

ANALYSIS: The president has been shamed into deleting two offensive Truth Social posts in as many months this year — it’s a sign that his political shock jock act is growing stale, writes Andrew Feinberg

International Business Times UK

Is Donald Trump A Racist? POTUS Shares Celebrity Compilation to Combat Bias Claims

President Trump posted Truth Social videos with Black stars like Snoop Dogg to counter racism charges after sharing an offensive Obama clip. Critics dismissed it as patronising amid White House damage control and party backlash.

Roll Call

At the Races: Crypto’s next stand

Welcome to At the Races! Each week we bring you news and analysis from the CQ Roll Call campaign team. Know someone who’d like to get this newsletter? They can subscribe here. The cryptocurrency industry began flexing its political muscle in 2022, and crypto spending has only increased since. In advance of…

Roll Call

Ukraine supporters oppose easing of Russia sanctions

Numerous lawmakers, including some Republicans, are outraged about the Trump administration’s easing of sanctions on Russian oil exports, amid reports that Moscow is helping Iran target U.S. troops in the Middle East. Treasury Secretary Scott Bessent, looking to ease a supply crisis caused by the Iran war that has driven…

International Business Times UK

Governor Newsom's '960 SAT' Remark Sparks Widespread Backlash During Book Tour

California Governor Gavin Newsom's book tour sparks controversy with accusations of racism and criticism from Democrats, impacting his potential 2028 presidential run.

Reason

Congress' Housing Bill Goes From Small Supply Booster to Housing Killer

The Senate's proposed inclusion of an effective ban on build-to-rent housing in a bipartisan housing bill could significantly shrink new home production.

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