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Trump has a new, surprising take on the higher cost of living: ‘I love the inflation’

President Donald Trump on Wednesday showed how he had learned to stop worrying about inflation and simply, in his own words, "love" it.

Anthropic pledges $200 million to research AI’s economic impact as CEO suggests job loss solutions

Anthropic on Wednesday joined growing calls for the artificial intelligence industry to find ways to cushion people from the technology's disruptions, announcing an initial $200 million investment to research AI's impact on jobs and the economy.

Judge rejects watchdog’s bid to block Trump administration’s $1.8B ‘anti-weaponization’ fund

A federal judge on Wednesday rejected a government watchdog's request for a court order temporarily blocking the Trump administration from forging ahead with a new $1.776 billion settlement fund for compensating people who claim to be victims of a weaponized government.

Trump slams New Jersey congressional candidate tied to 1993 WTC bombing mastermind

President Trump on Wednesday knocked New Jersey Democratic congressional nominee Adam Hamawy as "terrible" over his past role as a character witness for Omar Abdel-Rahman, the "Blind Sheik" convicted in connection with the 1993 World Trade Center bombing.

Trump names former CFPB official Brian Johnson to be agency’s next permanent director

President Donald Trump has named Brian Johnson as his choice to be the next director of the Consumer Financial Protection Bureau, turning to a former official who helped run the CFPB during his first term to now run the bureau for the test of his second term in office.

Florida court allows use of new House districts drawn by Republicans for midterm elections

The Florida Supreme Court has allowed new U.S. House districts drawn by Republicans to be used in the midterm elections, marking another victory for the GOP in a nationwide redistricting effort aimed at helping the party retain its slim House majority.

Trump says he may not renew USMCA with Mexico and Canada

President Trump on Wednesday said he may not renew the free trade agreement between the U.S., Canada and Mexico six years after he implemented it in his first term to replace the North American Free Trade Agreement (NAFTA). “Well, I’m not looking to renew it,” Trump told reporters in regard to the United States-Mexico-Canada Agreement...

Impact in Iran after Trump orders more strikes

Welcome to The Hill's Defense & NatSec newsletter {beacon} Defense &National Security Defense &National Security   The Big Story Impact in Iran after Trump orders more strikes The U.S. military launched another round of strikes Wednesday evening against Iran, less than an hour after Defense Secretary Pete Hegseth warned that forthcoming attacks would be “strong...

Schumer: ‘Trumpflation is getting worse and worse’ 

Senate Minority Leader Chuck Schumer (D-N.Y.) slammed the Trump administration over rising inflation rates, following new data released by the Labor Department. The Department reported on Wednesday that the consumer price index (CPI) has increased by 4.2 percent over the last year and by 0.5 percent in May alone. “This morning’s inflation numbers reaffirm what...

Voters lean in favor of codifying Trump’s MFN policy

Click in for more news from The Hill {beacon} Health Care The Big Story  Voters lean in favor of codifying Trump's MFN policy A new poll shows there is strong bipartisan support among battleground voters for Congress to codify President Trump’s “most favored nation” drug pricing policy, which would require pharmaceutical companies to lower the prices they charge Americans to...

Inflation hits back hard at Trump, who spins heads with comments 

A new report on Wednesday showed inflation rising 4.2 percent in May, marking its highest level in three years and underlining how hard the Iran war is hitting consumers. The Labor Department report is unwelcome news for President Trump and the GOP in an election year where affordability is the dominant issue. Democrats were already...

Bonus Facebook settlement payments are going out, but people aren’t impressed

People's payouts have turned out to be much smaller than the impressive $725 million fund. A lot smaller.

Trump: ‘I love the inflation’

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Trump embraces May price spikes amid Iran war: ‘I love the inflation’ President Trump told reporters Wednesday that he loved “inflation,” after he was asked about inflation spiking in May. © AP “No, I love it....

Union warns of safety issues after EPA cuts desk phones

{beacon} Energy & Environment Energy & Environment   The Big Story Union: 9-1-1 doesn’t work right on EPA call software The Environmental Protection Agency (EPA) replaced employee desk phones with calling software used on their laptops, something the union says poses safety issues, including during a recent medical emergency. © AP Photo/Pablo Martinez Monsivais, File...

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