Some investors aren't happy with President Trump's Federal Reserve chair nominee Kevin Warsh. Why it matters: He hasn't even been confirmed for the job, and there's already tension in the market. What they're saying: "I don't like the pick," Neil Dutta, chief economist at Renaissance Macro Research, wrote in a note to clients. - Dutta tells Axios: "I don't think people should change their investment plans around Warsh. The Fed is bigger than any one person. At the margin, Warsh represents a bit of uncertainty." - One concern is that Warsh will cut interest rates now to appease Trump even if lower rates aren't warranted, which could result in the need for increases later on. Between the lines: Investors may not be changing their…
Some investors aren't happy with President Trump's Federal Reserve chair nominee Kevin Warsh. Why it matters: He hasn't even been confirmed for the job, and there's already tension in the market. What they're saying: "I don't like the pick," Neil Dutta, chief economist at Renaissance Macro Research, wrote in a note to clients. - Dutta tells Axios: "I don't think people should change their investment plans around Warsh. The Fed is bigger than any one person. At the margin, Warsh represents a bit of uncertainty." - One concern is that Warsh will cut interest rates now to appease Trump even if lower rates aren't warranted, which could result in the need for increases later on. Between the lines: Investors may not be changing their…Open
The Senate passed legislation Friday to separate the fight over ICE funding from the threat of a broader government shutdown. Why it matters: It's a major step toward resolving the partial government shutdown that's set to begin at midnight, even as it leaves open questions about whether Democrats can deliver on promises to force changes at the Department of Homeland Security. - The package, which funds non-DHS programs through Sept. 30 and continues DHS funding at its current level for two weeks, passed 71-29. - Five Republicans and 24 Democrats voted "no." Driving the news: Negotiations will now continue over Democrats' demands for changes at the department. - Senate Minority Leader Chuck Schumer (D-N.Y.) has said he's willing to…
The Senate passed legislation Friday to separate the fight over ICE funding from the threat of a broader government shutdown. Why it matters: It's a major step toward resolving the partial government shutdown that's set to begin at midnight, even as it leaves open questions about whether Democrats can deliver on promises to force changes at the Department of Homeland Security. - The package, which funds non-DHS programs through Sept. 30 and continues DHS funding at its current level for two weeks, passed 71-29. - Five Republicans and 24 Democrats voted "no." Driving the news: Negotiations will now continue over Democrats' demands for changes at the department. - Senate Minority Leader Chuck Schumer (D-N.Y.) has said he's willing to…Open
Saudi Defense Minister Prince Khalid bin Salman (KBS) said in a private briefing on Friday in Washington that if President Trump doesn't follow through on his threats against Iran , the regime will end up stronger, four sources in the room tell Axios. Why it matters: This is a reversal from the public Saudi talking points cautioning against escalation and from the deep concern Crown Prince Mohammed bin Salman (MBS) expressed to Trump three weeks ago. That warning was one reason Trump decided to delay a strike. Catch up quick: KBS, the crown prince's younger brother and closest confidant, was visiting Washington for meetings on Iran as the region braces for U.S. military action, and a response Tehran has vowed would be "unprecedented" in…
Saudi Defense Minister Prince Khalid bin Salman (KBS) said in a private briefing on Friday in Washington that if President Trump doesn't follow through on his threats against Iran , the regime will end up stronger, four sources in the room tell Axios. Why it matters: This is a reversal from the public Saudi talking points cautioning against escalation and from the deep concern Crown Prince Mohammed bin Salman (MBS) expressed to Trump three weeks ago. That warning was one reason Trump decided to delay a strike. Catch up quick: KBS, the crown prince's younger brother and closest confidant, was visiting Washington for meetings on Iran as the region braces for U.S. military action, and a response Tehran has vowed would be "unprecedented" in…Open
NewsNation correspondent Nancy Loo reports from Minnesota, where anti-ICE protests continue unabated. Organizers who oppose the Trump administration’s immigration enforcement say more than 250 protests were held in 46 states. #ICE #Minneapolis #Immigration Anchor Elizabeth Vargas delivers the biggest stories, without bias or opinion. Watch "Elizabeth Vargas Reports" every weeknight at 7p/6C on NewsNation. #VargasReports NewsNation is your source for fact-based, unbiased news for all Americans.
The Senate voted 71-29 Friday to approve a funding package to keep most of the government running while holding back money for the Department of Homeland Security and its embattled agency, ICE. NewsNation correspondent Joe Khalil has the latest. #ICE #Senate #Funding Anchor Elizabeth Vargas delivers the biggest stories, without bias or opinion. Watch "Elizabeth Vargas Reports" every weeknight at 7p/6C on NewsNation. #VargasReports NewsNation is your source for fact-based, unbiased news for all Americans.
Former CNN anchor Don Lemon was arrested Thursday and released without bond after reporting on the Trump administration’s immigration crackdown in Minnesota earlier this month. Anchor Elizabeth Vargas delivers the biggest stories, without bias or opinion. Watch "Elizabeth Vargas Reports" every weeknight at 7p/6C on NewsNation. #VargasReports NewsNation is your source for fact-based, unbiased news for all Americans.
The CEO of the National Military Family Association said she wrote to the DOD because the families her nonprofit supports rely on independent reporting.
