The Supreme Court struck down a suite of President Trump's tariffs on Friday, a historic blow to the administration's economic agenda. The big picture: In a rare rebuke of Trump's power, the nation's highest court said many of the administration's tariffs were illegal. The 6-3 ruling sets a new boundary for what policies presidents can impose without congressional approval. What they're saying: "[T]he Government reads IEEPA to give the President power to unilaterally impose unbounded tariffs and change them at will. That view would represent a transformative expansion of the President's authority over tariff policy," the ruling says, referring to the International Emergency Economic Powers Act. Threat level: The ruling might give way…
Data: EIA ; Chart: Axios Visuals The cost to fill up your car will probably climb soon — and the oil price spike over Iran tensions is only one reason. Why it matters: Gasoline is the most visible energy expense for many people. That makes it politically important, too. - President Trump is fond of touting what are now pretty modest prices in much of the country. The big picture: Oil prices are jumping this week as traders digest the risk that a U.S. strike on Iran could disrupt supply. - That will eventually filter down to retail gasoline. The intrigue: Other, more mundane forces are also going to start putting upward pressure on gasoline, fuel market analysts say. - Refiners will soon start the switch to so-called summer blends,…
AI has hit the campaign trail, with candidates in both parties casting it as a fight over jobs and corporate power. Why it matters: AI is emerging as a stand-in for kitchen-table concerns like paychecks, power bills and the future of the economy. - Democrats and Republicans at the state level are testing whether anti-Big Tech messaging can compete with an industry pouring billions into AI infrastructure and political influence. Driving the news: Several Democrats this cycle are echoing Sen. Bernie Sanders (I-Vt.) and his critique of concentrated tech power. - Some Republicans are adopting their own version, focusing on workforce disruption, energy costs and anger over tech companies. Between the lines: The rhetoric may differ, but the…
Rev. Jesse Jackson 's influence in the South wasn't just symbolic — it reshaped how political power is allocated in the Democratic Party, says Emory political scientist Andra Gillespie. Why it matters: Cities from Cleveland to San Francisco are recalling Jackson's national imprint after his death on Tuesday. He leveraged Southern Black voters to gain bargaining power that changed Democratic primary rules — shifts that still shape presidential contests today. The big picture: Jackson's career reflected a belief that transforming political and economic power in the Southern states could reshape national politics, and Atlanta was uniquely positioned to amplify that effort. - Jackson will be lying in state at Rainbow PUSH Coalition…
The U.S. economy grew 2.2% in 2025, a modest slowdown from 2.4% the previous year. GDP gains were fueled by solid consumer spending and business investment.
For decades, Ali Akbar has sold papers on the Left Bank of Paris. Last month, France gave the beloved 73-year-old immigrant from Pakistan one of its highest honors — and his neighborhood is cheering.