In April, 500,000 more homes were listed than were sold, according to online brokerage Redfin. It was the biggest such gap since 2013.
Category: 17 June 2025
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“BIG BEAUTIFUL” TAX BILL TRANSFERS WEALTH TO THE RICHEST, CBO SAYS
Donald Trump’s “big beautiful” tax bill now before the U.S. senate would hand $12,000 a year to the richest Americans, in part by taking $1,600 a year from the poorest, according to an analysis by the nonpartisan Congressional Budget Office (CBO).
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INFLATION TICKS UP IN MAY
Last month, the U.S. inflation rate edged up to 2.4 percent after marking 2.3 percent in April, the Bureau of Labor Statistics reported.
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MAY’S BUDGET DEFICIT 14 PERCENT HIGHER THAN A YEAR EARLIER
In May, the U.S. federal government spent $316 billion more than it took in, a deficit 14 percent greater than in May 2024, the treasury department reported, deepening the fiscal year’s loss so far to $1.36 trillion.
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TRUMP SAYS ‘WE’ CONTROL THE SKIES OVER TEHRAN, REJECTS GABBARD’S ASSESSMENT ON IRAN’S NUCLEAR PROGRAM
U.S. President Donald Trump announced Tuesday that “we now have complete and total control of the skies over Iran” and told reporters that he rejected Director of National Intelligence Tulsi Gabbard’s March assessment that Iran is not developing nukes.
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ISRAEL WAS PLANNING ATTACK ON IRAN FOR MONTHS, REPORT SAYS
The Israeli military has been planning its decapitation strike on Iran for at least eight months and aimed to carry out a decisive blow to eliminate Tehran’s top military leaders and nuclear scientists, Axios reported last week.
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GALLANT: U.S. HAS OBLIGATION TO COME TO ISRAEL’S AID AGAINST IRAN
Yoav Gallant, the former Israeli defense minister, said in an interview on Monday that he believes the U.S. has an obligation to come to assist Israel’s war in Iran, and said U.S. President Donald Trump’s recent “determination” seems to “pave the way” for the U.S.’s involvement.
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GAZA DEATH TOLL
The death toll in Gaza reached 55,432 people—including more than 300 Palestinians who have been killed trying to access humanitarian aid at distribution locations.
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‘PEACE PRESIDENT’ SUPPORTS WAR WITH IRAN
U.S. President Donald Trump said during his inauguration that he wanted his legacy to be that of “a peacemaker and unifier,” but his inability to end the Ukraine War, his war with the Houthis, and his decision to support Israel’s attack on Iran proved that his legacy will be that of another warmongering U.S. president.
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CHINA CONDEMNED ISRAELI STRIKE ON IRAN, OFFERS TO MEDIATE
Beijing came out against Israel’s decision to attack Iran and said it is willing to mediate to end the conflict that threatens to ensnare the entire region.
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