Residents of this U.S. city face a huge spike in rents
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Miami, known for its celebrity hotspot Millionaires Row, is now also making a name for itself as the city of painfully high rents. Through May, rent soared nearly 40% in the Magic City over the last year, according to recent data from CoreLogic, a provider of real estate research. The median rent in the Miami-Miami Beach-Kendall area is now a hefty $2,435.
Residents of other Florida cities are also facing a large spike in housing costs. A few hours north in Orlando, rent climbed 25% over the same time period, with the median at about $1,900 a month.
The U.S. Treasury has authorized the purchase of Iranian oil that's already at sea, exempting buyers from the tight sanctions that have restricted the country's oil industry for years — a move aimed at stemming soaring prices amid the U.S.'s war with Iran. In:
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Washington — The Senate on Friday again failed to move forward with legislation to fund the Department of Homeland Security, extending the shutdown that has snarled air travel around the country. Alan He and Caitlin Huey-Burns contributed to this report.
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The Justice Department on Friday moved to dismiss its criminal case against two former Louisville police officers who were facing civil rights charges in connection with the shooting death of Breonna Taylor.
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