The Trump administration did not oppose a UK-led initiative to impose new sanctions on Israeli settlements in the occupied West Bank, U.S. officials and Western diplomats say. Why it matters: The White House's decision not to push back on the UK effort, which 11 other Western countries have joined, is a signal of its frustration with the Netanyahu government's policy in the West Bank. Driving the news: The UK announced Tuesday it would impose sanctions against individuals and entities involved in building settlements in the West Bank. - The UK also announced a ban on imported goods from the Israeli settlements. - The move came in response to the Netanyahu government's decision to move forward with a new settlement in the sensitive E1…
LIV Golf — the Saudi-backed league that upended the sport with a costly splash but failed to identify a viable business model — filed for Chapter 11 bankruptcy protection on Tuesday. Why it matters: It's an ignominious turn of events for a brash organization that lured some of the biggest stars away from the PGA Tour with enormous paydays that proved to be unsustainable. The big picture: LIV represents a high-profile flop for its Saudi investors. - The bankruptcy filing comes after months of efforts to lure new backers and chart a new path for a league that struggled to draw significant TV ratings. Catch up quick: The Public Investment Fund — Saudi Arabia's sovereign wealth fund — confirmed in April that it was withdrawing…
OpenAI CEO Sam Altman says this era is bringing the revenge of the "idea guy" — the once-annoying aspiring entrepreneur burbling about their brainstorm with no technical chops to pull it off. - Altman says it would be like saying: "I have a great idea for a song. I just need that guy with the guitar to make it for me." - "It really did strike me as ridiculous," Altman told me in Chapel Hill, N.C. "But now we're watching a whole generation of people iterate on ideas faster than they ever could. The economics have been reset for what it means to make a new small business or large business." Why it matters: Polls show most Americans think the risks of AI outweigh the benefits , with data-center rage as a bipartisan bonfire in the…
Representative Chuck Edwards received a formal rebuke on the floor after a speech in which he apologized for his conduct but said it did not constitute harassment.
Rep. Chuck Edwards (R-N.C.) was censured by the House on Tuesday after the Ethics Committee found he failed "to adhere to the spirit of rules prohibiting sexual harassment of and unwanted advances to House staffers." Why it matters: The vote amounts to a remarkable bipartisan rebuke, with the GOP leadership team and the vast majority of Edwards' own party joining Democrats to impose one of the House's most serious punishments. - The Ethics Committee's findings follow Axios' reporting that Edwards singled out two young female staffers in their 20s for special attention that multiple sources described as inappropriate. - Every Democrat and all but two Republicans voted to censure Edwards, who abandoned his reelection campaign last…
Rep. Chuck Edwards (R-N.C.) is pleading with his colleagues to reject his censure in a 22-page letter arguing that the House Ethics Committee made an "extraordinary leap" in determining that his behavior amounted to sexual harassment. Why it matters: Edwards' aggressive defense of his conduct — allegations that ultimately caused him to drop his reelection bid — comes as he tries to avoid one of the House's most serious punishments. - The House Ethics Committee found earlier this month that Edwards violated House rules over sexual harassment and creating a hostile work environment, and recommended his censure. - The findings follow Axios' reporting that Edwards singled out two young female staffers in their 20s for special…
Job hunting in 2026 can mean chatting with a robot, getting rejected by AI, encountering ghost jobs and competing with a flood of applicants. Why it matters: This isn't just candidates venting on LinkedIn or TikTok . The hiring process is increasingly taking longer and application apathy could be eroding trust in America's job market . What they're saying: "I think burnout is absolutely happening," Gorick Ng, a Harvard career advisor and UC Berkeley faculty member, tells Axios. - "We've moved past the ordinary job search burnout into systemic cynicism," he says. - "Candidates assume that every posting is fake and every rejection is automated, and that their video-recorded interview won't ever even be touched, and so there's been this…
The United States is digging itself into an ever-deeper debt hole. The federal debt hit a record $40 trillion on Tuesday, according to the Treasury Department. It’s an inauspicious milestone that will have consequences for Americans, businesses and the government for years to come. While the nation has long carried a significant amount of debt, there are several recent trends that have budget and financial markets experts even more concerned. CNN's Matt Egan explains what it all means. Also, John Berman asks Stef Kight and Margaret Talev from Axios how much of a problem it is for Republicans. And CNN's Kate Bolduan speaks to Rep. Stephen Lynch from the Financial Services Committee about why the US Congress always talks about the national…
Data centers could be what tanks Republican candidates in the midterms. Axios got hold of a memo from the Senate GOP campaign arm warning AI companies that their centers are killing the party's chances, specifically in Ohio. Katy Tur has more details.
