Explorers find torpedoes, bell from U.S. destroyer that sank with 167 crew on board during WWII

President Trump has proposed eliminating the federal capital gains tax on home sales, supporting legislation by Rep. Marjorie Taylor Greene, who argues it burdens homeowners, especially seniors. While this move could increase housing inventory, critics warn it may primarily benefit wealthier individuals and exacerbate affordability issues. Want More Context? 🔎

Jack McAuliffe, the founder of New Albion Brewing Company, the first new brewery in America post-Prohibition, passed away on July 15 at age 80. His pioneering approach to craft brewing in 1976, utilizing unique ingredients like cascade hops, inspired the growth of over 9,900 breweries in the U.S. today. Want More Context? 🔎

The United States Olympic & Paralympic Committee has updated its eligibility rules to prevent transgender women from competing in Olympic women’s sports, in compliance with President Trump's executive order. The new policy, which lacks specific details and does not explicitly mention "transgender," mandates national sports bodies to align with these guidelines to ensure a fair competition environment for women. Want More Context? 🔎

Federal judges in New Jersey replaced interim U.S. Attorney Alina Habba with her first assistant, Desiree Leigh Grace, due to Habba's struggles for Senate confirmation amid opposition from the state's Democratic senators. The decision was criticized by Deputy Attorney General Todd Blanche, who accused the judges of pushing a partisan agenda, while Democratic Sen. Cory Booker supported the change for impartial law enforcement. Want More Context? 🔎

Bill Cosby expressed his devastation over the death of Malcolm-Jamal Warner, who played his son Theo on "The Cosby Show," after Warner drowned in Costa Rica at age 54. Cosby recalled their last conversation about Warner's music career and praised his dedication to acting, noting Warner's significant impact on culture and his pride in being part of the show's legacy. Want More Context? 🔎

The White House continues to pressure Federal Reserve Chair Jerome H. Powell amid accusations of economic mismanagement and a $2.5 billion renovation overrun at the Fed's headquarters. President Trump criticized Powell for not cutting interest rates as demanded, suggesting political motivations behind the Fed's decisions, while top administration officials explore ways to remove him before his term ends. Want More Context? 🔎