News Summary: May 19, 2025

On May 19, 2025, several significant events occurred. In the U.S., mortgage rates rose above 7% after Moody's downgraded the U.S. credit rating, driven by concerns over government debt and a higher 10-year Treasury yield. A Republican tax bill in the House is under scrutiny for potentially adding trillions to the national debt, a factor cited by Moody's in their downgrade. The Supreme Court allowed the Trump administration to end Temporary Protected Status for over 350,000 Venezuelans. Former President Joe Biden announced a diagnosis of advanced prostate cancer. President Trump reportedly discussed a ceasefire with Russian President Vladimir Putin, though the Kremlin was less enthusiastic. Trump also signed the "Take It Down Act" to address revenge porn and AI-generated deepfakes. Severe weather, including tornadoes, is a threat in the central U. ...