Federal Reserve chairman Kevin Warsh is testifying on Capitol Hill for the second day Wednesday, this time before the Senate Banking Committee. - The combination of a few comments he made in Tuesday's hearing before the House and good June inflation data now in hand suggests a rate increase is unlikely at the Fed's meeting in two weeks, while its policy stance the remainder of the year is quite uncertain. Driving the news: The Labor Department on Wednesday morning released a favorable Producer Price Index reading, showing the overall index fell 0.3% in June, while a core index excluding food, energy and trade services was up a modest 0.1%. - It came on the heels of Tuesday's similarly disinflationary Consumer Price Index report . State…
Federal Reserve chairman Kevin Warsh is testifying on Capitol Hill for the second day Wednesday, this time before the Senate Banking Committee. - The combination of a few comments he made in Tuesday's hearing before the House and good June inflation data now in hand suggests a rate increase is unlikely at the Fed's meeting in two weeks, while its policy stance the remainder of the year is quite uncertain. Driving the news: The Labor Department on Wednesday morning released a favorable Producer Price Index reading, showing the overall index fell 0.3% in June, while a core index excluding food, energy and trade services was up a modest 0.1%. - It came on the heels of Tuesday's similarly disinflationary Consumer Price Index report . State…Open
House Democrats' internal split over a vote to cut off U.S. aid to Israel has extended to leadership, with Minority Leader Hakeem Jeffries (D-N.Y.) and Minority Whip Katherine Clark (D-Mass.) planning to vote differently. Why it matters: Such a divergence between the caucus' top two leaders is exceedingly rare and underscores just how much anxiety this vote is giving some in the party. - Many House Democrats have substantive misgivings but plan to vote for the measure anyway due to growing political pressure from the left. - "There are going to be people within our own party trying to drag us over the coals," one House Democrat told Axios on the condition of anonymity to speak candidly about the political pressures undergirding their…
House Democrats' internal split over a vote to cut off U.S. aid to Israel has extended to leadership, with Minority Leader Hakeem Jeffries (D-N.Y.) and Minority Whip Katherine Clark (D-Mass.) planning to vote differently. Why it matters: Such a divergence between the caucus' top two leaders is exceedingly rare and underscores just how much anxiety this vote is giving some in the party. - Many House Democrats have substantive misgivings but plan to vote for the measure anyway due to growing political pressure from the left. - "There are going to be people within our own party trying to drag us over the coals," one House Democrat told Axios on the condition of anonymity to speak candidly about the political pressures undergirding their…Open
IRVING, TX — A band famous for playing at Chuck E. Cheese locations across the country was caught up in a scandal this week after fans accused them of lip-syncing their songs.
Trump Reinstates Top Deportation Method One Day After DHS Suspended It
President Donald Trump reinstated the top deportation method Wednesday after the Department of Homeland Security (DHS) announced it was suspending traffic stops Tuesday. Federal immigration officers were told to stop traffic stops after a series of recent fatal shootings, the Daily Wire reported Tuesday. Trump ordered traffic stops to resume just one day later, saying “we CANNOT give up one of I.C.E.’s most important and effective Crime Fighting tools.” The policy change came after Immigration and Customs Enforcement (ICE) fatally shot a Colombian immigrant in Maine. This reignited controversy surrounding the shootings of Alex Pretti and Renee Good in Minnesota earlier in the year. (RELATED: EXCLUSIVE: ICE Officer Saves 14-Year-Old…Open
President Trump has voiced his support for Immigration and Customs Enforcement (ICE) carrying out traffic stops, contradicting the Department of Homeland Security.
President Donald J. Trump has defended Immigration and Customs Enforcement (ICE) traffic stops after they were temporarily suspended by the Department of Homeland Security following ICE-related shootings. PULSE POINTS WHAT HAPPENED: President Donald J. Trump has voiced his support for Immigration and Customs Enforcement (ICE) continuing to conduct traffic stops, contradicting the Department of Homeland Security (DHS), which has largely suspended them following two recent shootings. DETAIL: On Wednesday, President Trump defended ICE’s use of traffic stops as a critical tool for catching and removing foreign criminals. The President’s support for traffic stops follows a decision by the Department of Homeland Security (DHS) to…Open
