The bipartisan housing affordability bill will become law in the United States at midnight, regardless of President Donald Trump's refusal to sign it. Trump announced on Truth Social that he would not support the housing bill, which aims to speed up environmental reviews for construction projects, expedite development, and limit the number of single-family homes institutional investors can purchase.

Trump's refusal is a protest against the Senate's failure to pass the controversial SAVE America Act voting legislation. Despite this, House Speaker Mike Johnson stated that the president is unlikely to issue a last-minute veto.

Housing remains a significant concern for Americans, with 79 percent considering the cost of housing an "extremely important" or "very important" issue, according to the Bipartisan Policy Center. The bill also includes new limitations on mail-in voting, even though about one-quarter of Republicans voted by mail in the 2024 presidential election, based on an MIT survey.

Additional context from the broader news includes how World Bank and IMF loans are influencing policymaking in Africa, a plunge in Strait of Hormuz traffic amid renewed US-Iran fighting, South Korea's SK Hynix raising $26.5 billion in a record-breaking US IPO, and ongoing unemployment challenges in Gaza.

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