Political developments with market and economic implications.
Coverage of political events, elections, legislation, and regulatory changes that influence markets and economic policy. Focuses on political risk, fiscal decisions, and policy uncertainty relevant to investors.
909 total articles
In a boisterous public hearing, New York City’s Rent Guidelines Board adopted provisional ranges that keep a rent freeze on the table for about one million rent-stabilized apartments. The board set preliminary limits of 0-2% for one-year renewals and 0-4% for two-year renewals, advancing Mayor Zohran Mamdani’s well-known promise while leaving the f…
Virginia Democrats asked the U.S. Supreme Court to reinstate a congressional map that state voters approved to increase Democratic chances in the November midterms. The request follows a 4-3 decision by the Virginia Supreme Court that invalidated the ballot measure on procedural grounds, and it deepens a rare mid-decade redistricting conflict with …
A White House official said President Trump will sign two executive orders aimed at easing U.S. beef prices by allowing more beef imports and promoting renewal of the national cattle herd. The official offered no details. Reports have indicated possible temporary suspension of tariff-rate quotas and measures to boost lending to ranchers and alter p…
House Democratic Leader Hakeem Jeffries told colleagues in a letter that Democrats are positioned to capture the three seats needed to retake the House this November and pledged a large-scale redistricting response aimed at blunting Republican map advantages ahead of the 2028 presidential contest. Jeffries framed the effort as a response to recent …
U.S.-Iran nuclear negotiations are at an impasse, with President Trump rejecting Iran's recent proposal as "TOTALLY UNACCEPTABLE." Wolfe Research strategist Tobin Marcus says the dispute centers on custody of Iran's enriched uranium and that a deal could become possible only if the U.S. softens its central demands — a move that might be prompted by…
Prime Minister Keir Starmer said on Monday he will take responsibility for delivering the changes his government promised, pledged to rebuild relations with Europe, and announced legislation to bring British Steel into full national ownership. He acknowledged public frustration and warned the country faces a 'very dark path' if his administration f…
The Senate Banking Committee will meet next week to consider the Clarity Act, legislation intended to define regulatory jurisdiction over cryptocurrencies and settle disputes between digital asset firms and banks, particularly around interest on dollar-pegged stablecoins. The executive session is scheduled for May 14 and the bill's fate in the full…
Republican state lawmakers in Louisiana are advancing proposals to redraw congressional boundaries that would eliminate at least one majority-Black U.S. House district, prompting emotional testimony from civil rights figures, community leaders and elected officials. The move follows a recent U.S. Supreme Court decision that weakened a key provision…
The Senate Banking Committee will convene an executive session on May 14 to consider the Clarity Act, legislation intended to draw clearer regulatory lines for crypto tokens and resolve a contested provision on rewards tied to dollar-backed stablecoins. The bill aims to specify when tokens are securities, commodities or otherwise and includes a com…
In a loud, crowded college auditorium, New York City’s Rent Guidelines Board provisionally set ranges that keep a rent freeze on the table for roughly one million regulated apartments. The board voted 7-1, with one abstention, to recommend 0-2% increases for one-year leases and 0-4% for two-year leases ahead of a final vote on June 25. Tenants and …
Anti-abortion leaders are meeting with White House officials as elements of the movement express mounting impatience that the administration has not pursued more forceful federal measures to restrict abortion access, particularly around the abortion pill mifepristone and online distribution. Tensions have risen despite credit given to the president…
President Donald Trump and Defense Secretary Pete Hegseth released dozens of previously classified documents and images related to alleged unidentified anomalous phenomena, saying the move offers 'unprecedented transparency.' The Defense Department said roughly 170 files were posted, including a photo from the Apollo 12 mission and a transcript fro…
The Virginia Supreme Court nullified a newly adopted congressional map that Democrats had approved in an April referendum, siding with Republican challengers who argued the legislature bypassed required procedures. The ruling removes a plan designed to flip four Republican-held U.S. House seats to Democrats and arrives amid a broader, intensifying …
A federal judge concluded that the termination of more than 1,400 humanities grants in April last year by the Trump administration’s Department of Government Efficiency (DOGE) violated the U.S. Constitution and reflected blatant discrimination. The court found DOGE acted without legal authority, targeted grants involving race, religion, sex, sexual…
A 55-year-old man pleaded guilty to assaulting Representative Ilhan Omar during a January Minneapolis town hall, admitting he planned the attack and disagreed with her political views, the U.S. Justice Department said. The defendant sprayed Omar with a liquid later confirmed as acetic acid; she was not injured and the event was briefly disrupted be…
U.S. President Donald Trump made an unannounced site visit to the Lincoln Memorial reflecting pool to review active renovation work. He praised the work, described plans to change the pool's surface and color, and framed the effort as a quick, cost-effective alternative to a larger federal proposal. The visit took place under heightened security fo…
Tennessee Republicans approved a congressional redistricting plan that breaks apart a majority-Black U.S. House district centered on Memphis, dividing Shelby County into three Republican-leaning districts. The change, passed amid loud protests and fierce objections from Democrats, could unseat Democratic Representative Steve Cohen and is part of a …
A political action committee tied to U.S. Health Secretary Robert F. Kennedy Jr.'s Make America Healthy Again movement reported nearly $117,000 in expenditures between May 2 and May 5 aimed at opposing Republican Senator Bill Cassidy of Louisiana and supporting Representative Julia Letlow. The recent outlays are part of a multi-month push that has …
A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit appeared skeptical on Thursday that the Trump administration can lawfully punish Senator Mark Kelly for public comments urging service members to refuse illegal orders. The legal dispute centers on whether retired officers retain speech protections and how the mil…
A wave of Democratic primary challengers are making opposition to the American Israel Public Affairs Committee a central campaign issue, targeting incumbents who have accepted support from the influential pro-Israel lobbying group. Endorsements from anti-AIPAC organizations have expanded sharply this cycle, deepening divisions within the party over…
A concentrated immigration enforcement operation in Minneapolis that deployed thousands of federal agents disrupted other federal criminal investigations and prosecutions, federal court records and interviews show. Between January and the end of April, federal gun and drug prosecutions in the district plunged compared with the prior year, staffing …
U.S. Chief Justice John Roberts said the public increasingly treats the Supreme Court as a political body rather than a judicial tribunal. Speaking in Hershey, Pennsylvania, Roberts lamented perceptions that justices make policy choices and warned that personal attacks on judges risk harming the court’s legitimacy. His remarks come after a series o…
Rudy Giuliani, 81, has been discharged from the intensive care unit but continues to receive hospital care as he recovers from pneumonia, his spokesperson Ted Goodman said. The spokesperson also noted past respiratory complications tied to Giuliani's role in New York's response to the September 11, 2001 attacks. Giuliani's later attempt to overturn…
Commerce Secretary Howard Lutnick, testifying privately before a House committee, said he could not remember why he and his family had lunch on Jeffrey Epstein's private island in 2012. The acknowledgement contrasts with prior public statements in which Lutnick said he had cut ties with Epstein years earlier and had vowed to avoid him after an earl…
Vivek Ramaswamy, a multimillionaire former biotech executive and one-time presidential candidate, won the Republican primary for Ohio governor and will face Democrat Amy Acton, a physician and ex-director of the Ohio Department of Health, in the November general election. Ramaswamy's background spans finance, biotech entrepreneurship and a rapid sh…
