After winning an upset primary victory over a field of better-funded, establishment-backed rivals, Rep. Analilia Mejia (D-N.J.) is launching a super PAC to help other progressive underdogs do the same, Axios has learned. Why it matters: Mejia is adding to a growing constellation of new progressive super PACs trying to compete with cash-rich groups like AIPAC that back more moderate Democrats in primaries. - It is all part of a strategy that has helped the left pull off a series of high-profile primary victories this election cycle over incumbents and establishment favorites. - "We're ready to build a new class of unbought, unbossed candidates who will refuse corporate PAC money, and will stand for the values that the American people…
The labor market looks considerably healthier than it did at the start of the summer. Why it matters: Friday morning's jobs report recast the last two months as a period of modest job growth rather than of outright deterioration, capped by a gain last month that was more than triple what economists expected. - The labor market is weathering the Iran conflict and an AI-driven transformation of the economy with surprisingly little damage, at least for now. - For the Federal Reserve, the report puts inflation even more squarely in focus — with less evidence that the labor market is too fragile to hold up in the event of higher interest rates. What they're saying: "August turned the heat back up on the job market," Glassdoor chief…
The president said he could halt trade between the United States and countries with which it has a trade deficit if the central bank doesn’t do his bidding.