Housing Bill Deal Reached in Congress After Long Standoff (1)

Leaders in the US House and Senate announced a deal Tuesday on a sweeping housing bill, ending a months-long standoff between the chambers over competing versions of the measure.

The deal brings the largest housing legislation in a generation one step closer to becoming law – and handing both parties and President Donald Trump a messaging win on affordability five months before a midterm election expected to center on cost-of-living concerns.

The cost of housing has soared in recent years, even as mortgage rates more than doubled in the wake of the pandemic, and policymakers across Washington have struggled ...