As Kevin Warsh leads his first policy meeting as Federal Reserve chairman this week, he is not getting the luxury of starting the job in "easy" mode. The big picture: He faces a renewed surge of inflation, a restive wing of monetary hawks on the policy committee and big questions around how he will operationalize the major changes he advocates in how the Fed works. - Even if the policy outcome — no change to rates — looks preordained, the messaging would be tricky in any circumstance. - Coming as the first substantive public communications as Fed chairman adds to the possibility for confusion, as Warsh finds his sea legs in the press conference format and markets learn how to interpret his words. State of play: Even putting aside the…
House Democrats are seething over what is, by all indications, a nationwide Republican effort to elevate Democratic primary candidates viewed as more beatable in November. Why it matters: This once-rare practice is becoming commonplace. Democrats did it in 2022 and 2024 , with one House Democrat telling Axios it "seems like the new normal." - Republican former Rep. Adam Kinzinger told Axios that GOP spending in Democratic primaries is "awful" but was "inevitable" after Democrats adopted the tactic in the Biden years. - Democrats, he said, "probably ... taught the Republicans a lesson" in how to meddle in the opposing party's primaries. Driving the news: A trio of obscure super PACs with progressive-sounding names have cropped up in…
The 16-year-old suspect was ordered to report to the federal courthouse in Tampa earlier Monday morning, where his family would deliver him to the U.S. Marshals' custody.
A rift in Montana between the Democratic nominee and an independent candidate could boost Republican hopes of holding on to an open seat in conservative territory.
Sunday's plane crash ripped a hole in the close-knit community of skydivers in the Midwest: adventure-seekers who bonded over the adrenaline they get with every jump.
The short-term truce hasn’t been made public, and the long-term peace deal it is supposed to yield doesn’t exist yet, so there is much still unknown about any agreement between the adversaries.
CIA Director John Ratcliffe told President Trump and other senior officials that intelligence gathered by U.S. intelligence agencies raised serious doubts about Iran's willingness to make the nuclear concessions the U.S. is seeking in any final deal, according to three sources familiar with those discussions. Friction point: Ratcliffe isn't the only skeptic in Trump's top team. Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth have both expressed concerns and raised questions about the deal in internal discussions, while Vice President Vance and U.S. envoys Steve Witkoff and Jared Kushner advocated for it, according to two of the sources. Behind the scenes: There were a series of high-level meetings about the deal…
Charging a toll is illegal under international law, but some fees are allowed for services. It is not clear what services Iran would provide, but there were no fees charged before the war.