The unusually large shift comes amid revelations that the president’s ballroom project will rely more on taxpayer money than the administration acknowledged.
The U.S. national average gas price has dropped back below $4 a gallon, per AAA , a sign of Americans' pain at the pump easing after months of war in Iran . The big picture: Iran's squeeze on oil traffic through the Strait of Hormuz battered the global economy. But crude prices in June fell to their lowest levels in over three months on news of an extended ceasefire agreement between the U.S. and Iran. - The agreement is designed to restore shipping through the strait, but even with a full reopening, U.S. pump prices will likely remain higher than pre-war levels for some time. Driving the news: The national average is now $3.9990 a gallon, per AAA. - A year ago, the average was $3.1880. - Diesel prices remain over $5 per gallon,…
The U.S. national average gas price has dropped back below $4 a gallon, per AAA , a sign of Americans' pain at the pump easing after months of war in Iran . The big picture: Iran's squeeze on oil traffic through the Strait of Hormuz battered the global economy. But crude prices in June fell to their lowest levels in over three months on news of an extended ceasefire agreement between the U.S. and Iran. - The agreement is designed to restore shipping through the strait, but even with a full reopening, U.S. pump prices will likely remain higher than pre-war levels for some time. Driving the news: The national average is now $3.9990 a gallon, per AAA. - A year ago, the average was $3.1880. - Diesel prices remain over $5 per gallon,…Open
Photo Credit:Colen Campbell (1676–1729), Public domain, via Wikimedia Commons Public Domain Evelyn Waugh, known for his biting satire, was in reality a stranger in his own time, deeply conservative and disillusioned with modernity.
The Trump administration entered office promising to get government out of the AI industry's way. It hasn't worked out that way. Why it matters: The White House says AI shouldn't be regulated, but it's shaping the industry through case-by-case interventions without clear rules, creating major uncertainty. - What has emerged is a shadow AI policy, one that shapes the AI industry's future without ever spelling out the rules. The big picture: The Trump administration has made opposition to AI regulation a cornerstone of its AI agenda, rescinding Biden-era requirements and arguing that excessive rules would slow innovation. - Yet its light-touch, hands-off vision for AI has given way to an ad hoc system of company-specific interventions…
The Trump administration entered office promising to get government out of the AI industry's way. It hasn't worked out that way. Why it matters: The White House says AI shouldn't be regulated, but it's shaping the industry through case-by-case interventions without clear rules, creating major uncertainty. - What has emerged is a shadow AI policy, one that shapes the AI industry's future without ever spelling out the rules. The big picture: The Trump administration has made opposition to AI regulation a cornerstone of its AI agenda, rescinding Biden-era requirements and arguing that excessive rules would slow innovation. - Yet its light-touch, hands-off vision for AI has given way to an ad hoc system of company-specific interventions…Open
President Trump won't let go of the SAVE America Act voting bill, no matter how many times Senate Republicans make it known it's never going to happen. Why it matters: Trump's refusal to relent on his voter ID/proof of citizenship plan shows how far removed he is from the vote-counting realities of Congress — and how that disconnect is starting to carry real consequences. Driving the news: Trump dropped a bombshell Truth Social post early Wednesday declaring he wouldn't allow the Foreign Intelligence Surveillance Act (FISA) to be renewed until the SAVE America Act passes as well. - It came as the Senate was moving to fast-track a plan to revive the lapsed federal surveillance powers. - The move means that Bill Pulte , a Trump…
President Trump won't let go of the SAVE America Act voting bill, no matter how many times Senate Republicans make it known it's never going to happen. Why it matters: Trump's refusal to relent on his voter ID/proof of citizenship plan shows how far removed he is from the vote-counting realities of Congress — and how that disconnect is starting to carry real consequences. Driving the news: Trump dropped a bombshell Truth Social post early Wednesday declaring he wouldn't allow the Foreign Intelligence Surveillance Act (FISA) to be renewed until the SAVE America Act passes as well. - It came as the Senate was moving to fast-track a plan to revive the lapsed federal surveillance powers. - The move means that Bill Pulte , a Trump…Open
Like its AI policy, the Trump administration's AI team is taking shape on the fly. Why it matters: Departures among key White House officials, combined with rapid advances in technology, are shaking up who's taking the lead on AI policy in the administration. The big picture: Silicon Valley figures David Sacks and Siriam Krishnan have served as key architects of the administration's AI agenda. But with Sacks stepping back from day-to-day involvement and Krishnan preparing to leave, influence is shifting inside the White House to a broader group of officials and aides. Here's who's running the show — for now. Commerce Secretary Howard Lutnick. Lutnick's signature was on the letter that sparked the latest confrontation between Anthropic…
Like its AI policy, the Trump administration's AI team is taking shape on the fly. Why it matters: Departures among key White House officials, combined with rapid advances in technology, are shaking up who's taking the lead on AI policy in the administration. The big picture: Silicon Valley figures David Sacks and Siriam Krishnan have served as key architects of the administration's AI agenda. But with Sacks stepping back from day-to-day involvement and Krishnan preparing to leave, influence is shifting inside the White House to a broader group of officials and aides. Here's who's running the show — for now. Commerce Secretary Howard Lutnick. Lutnick's signature was on the letter that sparked the latest confrontation between Anthropic…Open