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... Why the Genius Act could be a big boost for cryptocurrencies

Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.
https://www.cbsnews.com/news/the-genius-act-vote-what-is-stablecoin-bill-crypto-cbs-news-explains/

... How rescission requests work in Congress

The Senate is expected to vote this week on the Trump administration's request to cancel billions of dollars in funding previously approved for multiple government departments and agencies. CBS News' Nancy Chen explains how the rescission process works.
https://www.cbsnews.com/video/how-rescission-requests-work-congress/

... Energy costs expected to climb under new Trump tax law

One of the main impacts of President Trump's new tax and spending law could be the cost of energy. Dan O'Brien, senior analyst for Energy Innovation, joined CBS News to discuss.
https://www.cbsnews.com/video/energy-costs-expected-to-climb-under-new-trump-tax-law/

... U.S. envoy asks Israel to probe American man's murder in West Bank

U.S. Ambassador Mike Huckabee says Israel should "aggressively investigate the murder" of Saif Musallet in the occupied West Bank.
https://www.cbsnews.com/news/saif-mussallet-killing-israel-occupied-west-bank-us-reaction-huckabee/

... Skeleton of medieval knight found under former ice cream parlor

The site where the remains were found was once home to a beloved ice cream shop.
https://www.cbsnews.com/news/medieval-knight-skeleton-found-gdansk-poland/

... Trump blasts 'stupid,' 'foolish' Republicans amid calls to reveal more Epstein files

President Donald Trump continued Wednesday to dismiss calls within his own party for more transparency into the Jeffrey Epstein investigation.
https://abcnews.go.com/Politics/trump-blasts-epstein-files-release-supporters/story?id=123799343

... Fire at assisted-living facility 'was destined to kill 50-plus people': Chief

The fire that claimed nine lives at an assisted-living facility in Fall River, Massachusetts, "was destined to kill 50-plus people," according to the local fire chief.
https://abcnews.go.com/US/fire-assisted-living-facility-destined-kill-50-people/story?id=123800508

... Barack, Michelle Obama address divorce rumors

Barack Obama joined his wife and brother-in-law for a special podcast episode.
https://abcnews.go.com/GMA/Culture/barack-michelle-obama-address-divorce-rumors-1st-joint/story?id=123799826

... WATCH: New Jersey delivery driver almost struck by lightning

A frightening moment was captured on camera as a delivery driver in Wayne, New Jersey, was almost struck by lightning on Monday as thunderstorms moved across the Northeast.
https://abcnews.go.com/US/video/new-jersey-delivery-driver-struck-lightning-123790341

... WATCH: Hikers confront man accused of starting fire on Los Angeles trail

A group of hikers stepped in to help stop an alleged arsonist accused of starting a fire in LA's popular Runyon Canyon.
https://abcnews.go.com/US/video/hikers-confront-man-accused-starting-fire-los-angeles-123790439

... Crisis Spirals in Syria With Israeli Strikes on Damascus

Warplanes hit Syrian military headquarters and near the presidential palace, as sectarian clashes in southern Syria developed into a crisis for the country’s new government.
https://www.wsj.com/world/middle-east/israel-strikes-syria-damascus-9d3cd029

... Canada Limits Steel Imports From All Countries Except U.S., Mexico

Canada introduced limits on how much foreign steel produced in countries other than the U.S. and Mexico can be imported to help a domestic sector reeling from President Trump’s tariffs.
https://www.wsj.com/world/americas/canada-imposes-limits-on-steel-imports-from-all-countries-except-u-s-mexico-3f1f5263

... The Chaotic Early Days Inside Floridaâs Alligator Alcatrazâ Detention Center

Several immigrant detainees described high tension and anxiety at the remote, hastily constructed facility over a lack of information, recreation and access to medication.
https://www.nytimes.com/2025/07/16/us/the-chaotic-early-days-inside-floridas-alligator-alcatraz-detention-center.html

... For Trump, Domestic Adversaries Are Not Just Wrong, They Are Evilâ

The president’s vilification of political opponents and journalists seeds the ground for threats of prosecution, imprisonment and deportation unlike any modern president has made.
https://www.nytimes.com/2025/07/16/us/politics/trump-political-enemies-evil.html

... Trump Has Penned Letter To Fire Fed Chair Jerome Powell

The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.
https://www.nytimes.com/2025/07/16/us/politics/trump-powell-firing-letter.html

... Public Views of the Fed Chair Are Polarized as Trump Mulls His Firing

Few Americans have confidence in the chairman, Jerome Powell, to do the right thing on the economy, though attitudes are deeply partisan.
https://www.nytimes.com/2025/07/16/us/politics/trump-powell-firing-poll.html

... Goldman Sachs Sets Series of Records on Tariff Swings

Goldman and other investment banks are feeding off a Trump boom.
https://www.nytimes.com/2025/07/16/business/goldman-sachs-bank-of-america-morgan-stanley.html

... Ex-Commissioner Sues, Saying Adams Ran N.Y.P.D. as a Criminal Enterprise

Thomas G. Donlon, who served only weeks as police commissioner, said in a lawsuit that New York City’s mayor and top department officials had manipulated the system for personal and political gain.
https://www.nytimes.com/2025/07/16/nyregion/nypd-lawsuit-rico-donlon-eric-adams.html

... Rum, Fisheries and a Sculpture Garden: The Quiet Winners in Trumpâs Big Bill

The president’s marquee policy legislation is best known for slashing taxes and cutting social safety net programs. But the sweeping measure also included many little-noticed goodies and add-ons.
https://www.nytimes.com/2025/07/16/us/politics/winners-in-trumps-policy-bill.html

... How Republicans Supersized Silicon Valleyâs Favorite Tax Break

Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable tax break for start-up investors.
https://www.nytimes.com/2025/07/16/us/politics/startup-tax-trump-bill-qsbs.html