The financial markets are increasingly concerned about true demand for the computing services that are at the heart of the AI revolution. Anthropic, a leading developer of frontier AI models, is expected to go public next week. It will be valued at around $1.4 trillion, which sounds fantastic. The problem? The expected valuation has dropped […]
House Republicans on Tuesday shelved a measure spearheaded by outgoing Rep. Thomas Massie (R-Ky.) that would have led to a vote on impeaching Defense Secretary Pete Hegseth. In a dramatic and tight 211-204 vote, the House voted to refer the resolution to committee, a move that essentially ends efforts to impeach Hegseth over the Iran...
New data shows Americans’ credit card balances are mounting, as some Democratic lawmakers push for capping interest rates. Credit card balances increased by $22 billion in the third quarter, an increase of 1.7 percent relative to the second quarter, the Federal Reserve Bank of New York reported Tuesday. Credit card debt for this year topped...
Former President Biden has revealed the contents of what he described as a “very generous” letter his predecessor President Trump left him in the Oval Office in 2021, offering a glimpse of goodwill between the political foes after a bitter presidential election. In the letter, published in full in Biden’s upcoming memoir, “Promise Me, America,”...
Nvidia announced Tuesday that it has hired a former acting U.S. attorney to investigate its CEO, Jensen Huang, following reports of his alleged intimate relationship with a woman U.S. intelligence officials believe was spying for China. “The independent members of the NVIDIA Board have retained former acting U.S. Attorney of the Southern District of New...
Senate GOP conservatives are threatening to postpone and possibly derail Sen. John Thune’s (S.D.) bid to serve another term as Senate Republican leader, seeking leverage over how Thune manages a lame-duck session that represents a final chance to pass President Trump’s priorities through a Republican-controlled Congress. Senate conservatives led by Sens. Ron Johnson (R-Wis.), Mike...
House Republicans are preparing to elect a new leadership team that will face the challenge of steering the conference through its transition to the minority after the party’s huge midterm losses last week. A growing number of Republicans have argued the losses exposed shortcomings in leadership and messaging, fueling calls for a shake-up. The contests...
Florida is one of the few places in the country where the blue wave that swept the country appeared to crash into a brick wall on Election Night. The state is once again a punchline, the subject of mocking memes and jokes on social media after failing to also capitalize on the overwhelming nationwide wins. ...
We can certainly say that Vice President Vance has a point about voters who backed President Trump in 2024 switching sides and voting Democratic in last week’s midterm elections. Exit polls suggest that 7 percent of Trump voters did indeed back Democrats in federal races this year. That’s not “a lot,” which is how the...
President Trump has been sending conflicting signals as he grapples with the comprehensive defeat suffered by his Republican Party in the midterm elections. But a day or two of ambiguity seems to be giving way to a doubling down of his usual, hypercombative approach. Trump acknowledged in a CBS “60 Minutes” interview broadcast on Sunday...
The Hill’s Health Next Summit returns to Washington on Nov. 10 for a timely, post-midterm deep dive into the future of healthcare. Join us as we bring together key lawmakers, health system leaders, White House Cabinet officials and policy innovators to unpack the structural shifts redefining American care delivery. This high-level bipartisan forum will tackle...
Rep. Thomas Massie (R-Ky.), who is leading an impeachment effort against Defense Secretary Pete Hegseth, said Monday that Hegseth will not be in his role by the new year. In an interview with CNN’s Kaitlan Collins on “The Source,” Massie said that he thought there was “a high probability that Pete Hegseth won't make it...
President Trump on Monday shot back at efforts to impeach Defense Secretary Pete Hegseth. “Defeated Republican Congressman Thomas Massie, a total loser, is trying to Impeach perhaps the most popular and successful military official in the Country, Secretary of War, Pete Hegseth,” Trump said in a Truth Social post Monday night. “With recruitment at an ALL-TIME...
