AP Top Political News at 11:24 a.m. EDT
Supreme Court seems skeptical of Trump's claim of absolute immunity but decision's timing is unclear
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Yahoo FinanceJamie Dimon is worried the US economy is headed back to the 1970s
JPMorgan's CEO is concerned the US economy could be in for a repeat of the stagflation that hampered the country during the 1970s.
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Biden is sending $61 billion to Ukraine. Much of it will pass through the US economy first.
Washington is spending another $61 billion to help Ukraine. But most of the money will flow through the US economy first.
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Jay Powell is trying to avoid the fate of a 1970s predecessor. Biden and Trump are making that harder.
Fed Chair Jerome Powell faces a new round of ominous comparisons to the mid-1970s as inflation concerns heat back up and political pressures intensify.
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This week in Bidenomics: No stag, no 'flation, just consternation
Investors cheered weaker-than-expected job numbers, which suggest inflation is abating. Voters will be harder to please.
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Biden is getting antsy about rising gas prices
The president isn't saying so, but the administration's behind-the-scenes actions reveal a fear that rising gas prices could doom his reelection effort.
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Trump trial full coverage: Hope Hicks cries as Trump's lawyers begin cross-examination
The former president’s criminal hush money trial resumed Friday for the 11th day.
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What Trump is signaling with his possible Treasury and Fed picks
Donald Trump is floating ideas for his economic team much earlier than in elections past. But he is once again embracing loyalists and well-known figures from the worlds of Wall Street and Washington.
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Jay Powell really wants Americans to know he is not thinking about politics
The Fed chairman went out of his way to make it clear this week that the Fed is free from personal or political bias as he continues to navigate a red-hot political year.
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April jobs report shows hiring, wage growth slow as unemployment unexpectedly jumps
After a strong winter for the US labor market, hiring slowed down notably in April.
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Key takeaways from Supreme Court hearing on whether Trump has presidential immunity that shields him from criminal trials
The U.S. Supreme Court heard arguments Thursday in a landmark case regarding former President Donald Trump's bid for criminal immunity. Here are the key takeaways.
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Starlink terminals are reportedly being used by Russian forces in Ukraine
Starlink internet terminals are reportedly being widely used in Ukraine by Russian forces. There’s a thriving black market for the devices which stretches beyond Ukraine into Sudan.
- Yahoo News
Iran launched 200 drones and missiles in a retaliatory attack on Israel. How we got here, and what happens next.
Here's what to know about the latest in the conflict between Israel and Iran.
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What US taxpayers will get for another $61 billion to Ukraine
Congress is finally providing more of the aid Ukraine needs to survive. Here's why this is money well spent.
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New inflation reading reinforces Fed's higher-for-longer stance
Another hot inflation reading released Friday reinforces that any near-term interest rate cuts are less likely, as the Federal Reserve shifts to a higher-for-longer stance.
- Engadget
Joe Biden signs the bill that could ban TikTok in the United States
The bill that will force a sale or ban of TikTok in the United States is now law.
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How Jay Powell and the Fed pivoted back to higher for longer
Fed Chair Jay Powell and other Fed officials struck a more hawkish stance this past week, setting off a new debate across Wall Street about how the rest of 2024 could play out.
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Republicans (?!?) are killing a tax cut
In a flip of the usual priorities, Senate Republicans seem likely to kill a set of tax cuts that have already passed the House and are broadly popular. Here's why.
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House to vote on antisemitism bill amid campus protests over the war in Gaza
While it’s expected to pass, the resolution will likely expose a bitter divide between moderate and progressive Democrats over the war in Gaza.
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Here’s who will pay for Biden’s student loan cancellations
Cancelling student debt is a windfall for the borrowers who benefit, but taxpayers foot the bill.
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Will the Supreme Court help Trump avoid his election trial by siding with him on presidential immunity?
This week, the Supreme Court held a nearly three-hour hearing on whether Trump can be held criminally liable for trying to undo his 2020 election loss — or for anything else he did during his presidency.