News chronological

Showing 10 items before 1069011

Filters Applied:

AXIOS (Courtenay Brown) - Iran war will jolt U.S. inflation, new analysis finds

The Middle East conflict wiped out what would have been a modest upgrade to global growth and a stable inflation picture. - That has been replaced with a fresh warning about soaring energy costs and U.S. prices, which are projected to run far hotter than expected. Why it matters: What was a more manageable inflation story now looks like a pressure test for central banks that may need to raise interest rates — or hold off on further cuts — even as growth weakens. - Governments already carrying huge debt loads might need to spend more to cushion the blow for households. What they're saying: "The energy price surge and the unpredictable nature of the evolving conflict in the Middle East will raise costs and lower demand, offsetting…

The Middle East conflict wiped out what would have been a modest upgrade to global growth and a stable inflation picture. - That has been replaced with a fresh warning about soaring energy costs and U.S. prices, which are projected to run far hotter than expected. Why it matters: What was a more manageable inflation story now looks like a pressure test for central banks that may need to raise interest rates — or hold off on further cuts — even as growth weakens. - Governments already carrying huge debt loads might need to spend more to cushion the blow for households. What they're saying: "The energy price surge and the unpredictable nature of the evolving conflict in the Middle East will raise costs and lower demand, offsetting…Open

AXIOS (Kate Santaliz) - Scoop: Johnson, conservatives head to White House for FISA briefing

House Speaker Mike Johnson (R-La,), Freedom Caucus members and other FISA-skeptical lawmakers went to the White House this morning for a briefing on reauthorizing the surveillance authority, four sources told Axios. Why it matters: Johnson may not have the votes to pass a clean extension of Section 702 of the Foreign Intelligence Surveillance Act  — a must-pass bill the White House is pressing to renew. - GOP leaders and President Trump are pushing hard for an 18-month reauthorization. - But conservatives are demanding changes, putting Johnson in a familiar bind when it comes to getting the rule passed . Driving the news: Members received a briefing Tuesday night on Capitol Hill that got heated, as conservatives demanded warrant…

House Speaker Mike Johnson (R-La,), Freedom Caucus members and other FISA-skeptical lawmakers went to the White House this morning for a briefing on reauthorizing the surveillance authority, four sources told Axios. Why it matters: Johnson may not have the votes to pass a clean extension of Section 702 of the Foreign Intelligence Surveillance Act  — a must-pass bill the White House is pressing to renew. - GOP leaders and President Trump are pushing hard for an 18-month reauthorization. - But conservatives are demanding changes, putting Johnson in a familiar bind when it comes to getting the rule passed . Driving the news: Members received a briefing Tuesday night on Capitol Hill that got heated, as conservatives demanded warrant…Open

AXIOS (Avery Lotz) - "War," "Excursion," "Operation": Trump's war on Iran semantics

President Trump said Wednesday he won't call the conflict in Iran a "war" because "you are supposed to get approval," suggesting the label itself could trigger congressional authority the administration says it doesn't need. The big picture: But the fiery operation has been widely characterized as a war (one that's cost hundreds of lives and billions of dollars ), including by the president himself as recently as Thursday. - The comment is the latest example of the administration sending mixed signals about the U.S. goals and timeline of the war. Driving the news: "They say, 'if you use the word 'war', that's maybe not a good thing to do,'" he said at an event for House Republicans' campaign arm, instead calling the conflict a…

President Trump said Wednesday he won't call the conflict in Iran a "war" because "you are supposed to get approval," suggesting the label itself could trigger congressional authority the administration says it doesn't need. The big picture: But the fiery operation has been widely characterized as a war (one that's cost hundreds of lives and billions of dollars ), including by the president himself as recently as Thursday. - The comment is the latest example of the administration sending mixed signals about the U.S. goals and timeline of the war. Driving the news: "They say, 'if you use the word 'war', that's maybe not a good thing to do,'" he said at an event for House Republicans' campaign arm, instead calling the conflict a…Open