House Majority Leader Rep. Steve Scalise: I'd like President Trump to sign the housing bill

Summary

House Majority Leader Steve Scalise discusses U.S.-Iran peace talks and their effect on oil prices, advocates for President Trump to sign a housing bill he says will lower costs and boost construction, and frames the midterms as a contrast election where swing voters will reject socialism.

• Oil prices fell from ~$100 to low $70s as Iran negotiations progressed and volatility calmed.
• Scalise believes the market sees Iran recognizing its fate, reducing geopolitical risk premium in oil.
• He urges President Trump to sign the housing bill to remove red tape, increase housing supply, and lower construction costs.
• The bill targets both homeownership and rental markets, which Scalise says are currently depressed.
• Scalise warns that socialist policies would raise energy prices, taxes, and housing costs.
• He expects a contrast election in the midterms, with swing voters opposing socialism.