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South Korea faces China down in diplomatic escalation

Following undiplomatic remarks delivered by China's ambassador to Korea, both sides are escalating -- and Washington is backing its ally in Seoul.

Biden could pardon Trump in classified document case, but would pay a ‘political price’

President Biden could bridge the bitter divide in the country over the federal prosecution of former President Trump by pardoning his predecessor, but the move would also risk political martyrdom for Mr. Biden.

FBI pleads to keep FISA spy powers despite concerns over growing abuses

Senior intelligence officials sought to shock Congress on Tuesday into renewing controversial spy powers, saying without the so-called "Section 702" ability to scoop up global communications the CIA and FBI would struggle to stop Iranian assassination attempts, Chinese hackers, Russian crimes in Ukraine, and drug smugglers pouring fentanyl across America's southern border.

Top House Democrat accuses McCarthy of ‘walking away’ from debt limit deal

A top member of the House Democratic leadership accused Speaker Kevin McCarthy of reneging on the debt limit agreement struck with President Biden last month.

McConnell refuses to comment on Trump indictment: ‘I’m simply just going to stay out of it’

Senate Republican Leader Mitch McConnell declined to answer reporters' questions Tuesday about the federal indictment of former President Donald Trump for allegedly mishandling classified documents.

House breaks legislative logjam after McCarthy agrees to negotiate with Freedom Caucus

The House broke a week-long impasse on Tuesday after conservative hardliners ended their blockade of Republican-backed legislation coming to the floor.

DHS renews deportation amnesty for 350,000 migrants

Homeland Security Secretary Alejandro Mayorkas renewed a deportation amnesty for some 350,000 migrants from four countries on Tuesday, but did not reopen the amnesty for new people to apply.

Trump pleads not guilty to federal charges in classified documents case

Former President Donald Trump pleaded not guilty Tuesday to 37 felony counts related to mishandling classified documents, obstructing justice and making false statements.

Biden misleads on inflation

Earlier today, the White House posted a graph on Twitter depicting inflation over time with a caption reading, "Great news: Today’s inflation report shows annual inflation is now at the lowest level since March 2021, and less than half of what it was last June. This is giving families real breathing room."

Inflation report for May will let the Fed skip, but not stop, rate hikes

For the first time since the start of the year, markets have finally understood that the Federal Reserve is not going to pivot into cutting the federal funds rate, but for the first time since it began its fastest rate-tightening campaign in four decades, the Fed is actually going to skip hiking rates. Despite worryingly persistent core inflation and unrelenting tightness in the labor market, Chairman Jerome Powell is likely to announce a pause at the conclusion of the June Federal Open Market Committee meeting.

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