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The announcements reflect a growing disconnect between the Democratic establishment, with its long-standing support for the U.S. ally, and the party’s left wing.
| Keywords | israelisrael-aidgazalebanonhouse-of-representativescongressdemocratsus-politicsfundingdefense-fundingred-green-axislegislationwashingtonpostmariana-alfaromatthew-choi |
Federal Reserve chairman Kevin Warsh is testifying on Capitol Hill for the second day Wednesday, this time before the Senate Banking Committee. - The combination of a few comments he made in Tuesday's hearing before the House and good June inflation data now in hand suggests a rate increase is unlikely at the Fed's meeting in two weeks, while its policy stance the remainder of the year is quite uncertain. Driving the news: The Labor Department on Wednesday morning released a favorable Producer Price Index reading, showing the overall index fell 0.3% in June, while a core index excluding food, energy and trade services was up a modest 0.1%. - It came on the heels of Tuesday's similarly disinflationary Consumer Price Index report . State…
House Democrats' internal split over a vote to cut off U.S. aid to Israel has extended to leadership, with Minority Leader Hakeem Jeffries (D-N.Y.) and Minority Whip Katherine Clark (D-Mass.) planning to vote differently. Why it matters: Such a divergence between the caucus' top two leaders is exceedingly rare and underscores just how much anxiety this vote is giving some in the party. - Many House Democrats have substantive misgivings but plan to vote for the measure anyway due to growing political pressure from the left. - "There are going to be people within our own party trying to drag us over the coals," one House Democrat told Axios on the condition of anonymity to speak candidly about the political pressures undergirding their…
Doing business in a more dangerous and unpredictable world will cost more, pushing up the price of everything from food to electronics.
Federal Reserve chairman Kevin Warsh said on Wednesday that the AI investment boom will likely raise prices over the next year, but argued that those increases might not automatically be inflationary. Why it matters: Warsh drew one of his clearest distinctions yet between the AI boom's immediate price effects and persistent inflation — a nuance that could shape policymakers' response as investment remains strong. What they're saying: "Will it increase measured prices over the course of the next 12 months? I suspect it will," Warsh told lawmakers. "Whether that's inflationary or not, that's up to the Federal Reserve — and we're going to have something to say about that." - Warsh said the AI boom is already driving capital spending and…
The ruins of a 2,400-year-old complex suggest that, to the Greeks of antiquity, Homer’s protagonist was not just a character in a poem but a figure of genuine devotion.
Few directors close the divide between the art film and the blockbuster like Christopher Nolan.
| Keywords | christopher-nolanthe-odysseyhollywoodcinemamoviesentertainmentbox-officeusgreecegreek-mythologyepicfilmmediabusinessnytimesfilm-reviewmanohla-dargisart-houseblockbuster |
Elon Musk gave $5 million to back Vivek Ramaswamy’s campaign for Ohio governor, seemingly moving past tensions around the effort to downsize the federal work force.
As a child, Michael McLeer wanted to be like John Travolta in “Saturday Night Fever” and leave the neighborhood. Was it a tragedy that changed his mind?
| Keywords | brooklynmichael-mcleergraffitinycentertainmentpop-culturenytimesarturban-cultureneighborhoodnew-york-citystreet-artcelebrationidentitylifestyle |
A northern Minnesota county declared a state of emergency and an air quality alert was issued on Tuesday due to wildfires raging across northern Minnesota and Canada.
| Keywords | wildfirescanadaminnesotausaair-qualityweatherenvironmentsmokestate-of-emergencynatural-disasterextreme-weatherpollutionsmogaqihazardousnorth-americapublic-healthabc-news |