Income growth is accelerating — supporting consumer spending — while inflation is rising even beyond the energy-price shock. Why it matters: That combination, shown in new data out Thursday morning, creates a complex reality for Kevin Warsh's young Federal Reserve chairmanship . - It's good news for the economy's underlying resilience, but it raises fresh questions about whether interest rates are exerting as much downward pressure on demand as Fed officials may believe. What they're saying: "The U.S. consumer is not cracking," Olu Sonola, an economist at Fitch Ratings, wrote Thursday morning, adding that the oil price shock has not derailed consumer spending. - "Headline inflation may be nearing a peak as energy prices fall, but…
Income growth is accelerating — supporting consumer spending — while inflation is rising even beyond the energy-price shock. Why it matters: That combination, shown in new data out Thursday morning, creates a complex reality for Kevin Warsh's young Federal Reserve chairmanship . - It's good news for the economy's underlying resilience, but it raises fresh questions about whether interest rates are exerting as much downward pressure on demand as Fed officials may believe. What they're saying: "The U.S. consumer is not cracking," Olu Sonola, an economist at Fitch Ratings, wrote Thursday morning, adding that the oil price shock has not derailed consumer spending. - "Headline inflation may be nearing a peak as energy prices fall, but…Open
The wealthy are fighting back with two ballot issues that could nullify the measure in November. The battle reflects a broader tension as American politics contends with deep inequality.
Ahead of the Disclosure Forum 2026, UAP expert @ChrisKMellon joins @EVargasTV to discuss the latest developments surrounding unidentified anomalous phenomena. From reports near U.S. military installations to government transparency and what the public should know, Mellon shares his perspective on one of today's most closely watched topics. More: https://www.newsnationnow.com/vargasreports/
A federal judge on Thursday ordered the U.S. Department of Justice to release additional unredacted Jeffrey Epstein records or explain by July 2 why it can't. Why it matters: The ruling could force the DOJ to release previously withheld Epstein records or publicly explain why they remain sealed. Driving the news: U.S. District Judge Emmet Sullivan in D.C. gave the DOJ until July 2 to comply with a preliminary injunction in media legal analyst Katie Phang's lawsuit alleging the department failed to comply with last year's Epstein Act . - The department has already released 3.5 million pages under the law, but Phang argues it still improperly withheld or redacted additional material. - Phang alleges in her suit against acting Attorney…
A federal judge on Thursday ordered the U.S. Department of Justice to release additional unredacted Jeffrey Epstein records or explain by July 2 why it can't. Why it matters: The ruling could force the DOJ to release previously withheld Epstein records or publicly explain why they remain sealed. Driving the news: U.S. District Judge Emmet Sullivan in D.C. gave the DOJ until July 2 to comply with a preliminary injunction in media legal analyst Katie Phang's lawsuit alleging the department failed to comply with last year's Epstein Act . - The department has already released 3.5 million pages under the law, but Phang argues it still improperly withheld or redacted additional material. - Phang alleges in her suit against acting Attorney…Open
Venezuelans in South Florida were frantically trying to track down friends and relatives after two earthquakes in Venezuela. Jorge Erazo was among the missing.
The mother of a late teen is fighting for stricter DUI laws in California after her teenage son was killed by an alleged drunk driver in 2025. 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.
As the U.S. military heads to Venezuela to assist with rescue and recovery efforts following two rare earthquakes, an independent, veteran-led organization is also deploying to help. Bryan Stern, chairman and CEO of Grey Bull Rescue, joins "The Hill on NewsNation" to discuss the group’s efforts. "The Hill on NewsNation" combines the power of two trusted news sources to define today's most-pressing issues, and question Washington's power brokers on what matters most to the people they serve and what matters most to Americans.
