Yemen’s Houthis Enter War Against Israel

New Home Sales Unexpectedly Plunged In May As Prices Surged With Case-Shiller reporting existing home price declines in half of America's largest cities, New Home Sales were expected to rebound from April's ugly decline. But they didn't... at all... NAR reports that New Home Sales in May plunged 7.3% MoM (versus the 3.2% MoM rise expected). That print was below the lowest analysts forecast. April's 6.2% MoM plunge was revised up modestly to a 5.7% decline, all of which left new home sales down on a YoY basis... Overall, new home sales have really gone...

Supreme Court Hands Texas GOP Redistricting Win, While Virginia Judge Backs Democrats The U.S. Supreme Court on Monday granted Republicans a significant boost in the ongoing battle over congressional boundaries, issuing a summary reversal that allows Texas to proceed with its 2025 mid-decade congressional map for the November 2026 elections. In the case, Abbott v. League of United Latin American Citizens, the justices overturned a federal district court’s earlier injunction against the new boundaries. The majority referenced its own prior opinion from late 2025 in the same litigation, while Justices Sotomayor, Kagan,...

'I See Dead People': Treasury Blocks $99 Million In Federal Payments To Deceased Americans The Treasury Department announced Tuesday morning that it has successfully implemented new safeguards to prevent government payments to dead people in an effort to reduce waste and fraud. The verification system includes screening 885 million federal payments against expanded death records, effectively auditing payments totaling nearly $2.7 trillion. It has already flagged and stopped payments totaling roughly $99 million that had been marked to be sent to dead people. "Treasury has delivered on a key promise of President Trump’s...