WASHINGTON (AP) — The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House. Consumer prices rose 3.3% in March from a year earlier, the Labor [...]
AI CEOs' lofty pitches for AI governance may end up being pipe dreams in a town that routinely fumbles tech policy. Why it matters: From OpenAI's Sam Altman to Anthropic's Dario Amodei, high-profile AI executives are eager to shape how their products are regulated and encouraged, rolling out sweeping policy ideas to manage the technology's impact. - But Congress — on privacy, social media and now AI — has a history of getting stuck in the policy weeds, and lawmakers are now grappling with heavy lobbying and growing constituent demands on the future of the tech. Catch up quick: OpenAI's new industrial policy paper describes AI changing the world on a scale similar to the Industrial Revolution, requiring aggressive policies like tax…
Florida Attorney General James Uthmeier said the AI platform has been used in a range of criminal activities, and subpoenas are forthcoming.
The Middle East conflict triggered one of the largest oil shocks in decades, and was reflected in Friday's inflation report.
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The energy shock from the Iran war may drive long-lasting change in how the global multitrillion-dollar oil market operates — turning a relatively open and smoothly functioning system into something weaponized and fractured. Why it matters: Such a reordering would mean, at a minimum, higher energy prices and inflation, and in the long term could even shake the foundations of the dollar-based global economy and with it, U.S. power. The latest: Iran still has the critical Strait of Hormuz effectively locked down, and oil prices have resumed climbing. - The price of oil is now about 50% higher than before the war began. - And prices in the physical market for oil are at record highs as countries and companies compete for increasingly…
The complaints allege that Labor Secretary Lori Chavez-DeRemer retaliated against female staffers for filing sexual abuse complaints against her husband and that she made staffers do personal chores for her.
A Tennessee school board member is facing backlash after putting his arm around a female student and referring to her as “hot.”
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The U.S. plans to roll out a system by December that automatically registers young men for the military draft, a policy signed into law by President Trump last year.
On Wednesday’s episode of “Elizabeth Vargas Reports”: The fragile ceasefire between the U.S. and Iran is just over a day old and already seeing stress. Retired Lieutenant General Keith Kellogg, now co-chair of American security at the American Policy Institute, joins Vargas to give his analysis of where things stand. Plus, Rex Heuerman is now the admitted Gilgo Beach serial killer, after confessing in court to killing eight women. Why the architect did an about-face and pleaded guilty to the cold case murders that have long haunted Long Island, after maintaining his innocence for nearly three years. Anchor Elizabeth Vargas delivers the biggest stories, without bias or opinion. Watch "Elizabeth Vargas Reports" every weeknight at…