Inflation in the Federal Reserve's preferred measurement ticked up to a 2.6-percent annual increase in June from 2.3 percent as cost increases from President Trump’s tariffs make their way into the economy. The increase in the Commerce Department’s personal consumption expenditures (PCE) price index exceeded economists’ expectations of a 2.5 percent increase. Taking out the...
The main threat to the U.S. economy stems from the unprecedented economic policy uncertainty associated with tariffs and prospective large federal budget imbalances.
President Trump on Thursday blasted Federal Reserve Chair Jerome Powell, lodging insults at the head of the central bank for opting again to not lower interest rates. “Jerome ‘Too Late’ Powell has done it again!!! He is TOO LATE, and actually, TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair,”...
President Trump said early Thursday that Canada’s move to recognize a Palestinian state impedes progress on trade talks, just one day ahead of Trump’s Aug. 1 tariff deadline. “Wow! Canada has just announced that it is backing statehood for Palestine,” the president wrote in a post on Truth Social shortly after midnight. “That will make...
Maryland House of Delegates member David Moon is introducing legislation to automatically redraw the state's congressional districts if another state redraws their lines more than once this decade, in response to the potential for states to manipulate election results.
Progressive veterans organization VoteVets backed two House candidates challenging Reps. Lauren Boebert (R-Colo.) and Jeff Crank (R-Colo.) on Thursday. The group, which aims to elect Democratic veterans to public office, endorsed Eileen Laubacher, who is challenging Boebert in the state’s 4th Congressional District, and Jessica Killin in the 5th Congressional District. Both districts have large...
Senator Elizabeth Warren (D-Mass) on Thursday will press West Virginia state Senator Mike Stuart (R) about how his beliefs on topics like vaccines and abortion will impact how he potentially serves as general counsel of the Department of Health and Human Services. Stuart supported a state bill that would have allowed for exemptions in West...
Former House Speaker Nancy Pelosi (D-Calif.) said Wednesday that a set of new House lines proposed by Texas Republicans is "undermining the diversity that we need to have" in Congress. “Let me just say that what you just described was the elimination of many minority seats in Texas, and that's unfortunate, because the gerrymandering that...
A record number of Senate Democrats, more than half the caucus, voted in favor of two resolutions to block U.S. military sales to Israel on Wednesday night. While the resolutions ultimately failed, the vote demonstrated how Israeli Prime Minister Benjamin Netanyahu has fractured historically bipartisan support in Congress over the humanitarian crisis in the Gaza...
House Speaker Mike Johnson (R-La.) said Wednesday that his party will "defy history when we grow the majority in the House" in next year's midterm elections. “We have a solid, hardworking Republican majority in the House right now — and the Senate — we're delivering for the people. And I'm very excited to go out...
