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.
712 total articles
Two officers who defended the U.S. Capitol on January 6, 2021, have filed a federal suit seeking to prevent disbursements from an almost $1.8 billion fund the Justice Department established as part of a settlement tied to former President Donald Trump. Plaintiffs say the fund was created to finance those who commit violence in Trump's name and ask …
Representative Thomas Massie of Kentucky was defeated in his Republican primary by Ed Gallrein, a former Navy SEAL supported by former President Donald Trump and buoyed by more than $15 million in spending from pro-Israel groups. The result, decided with 99% of votes counted, underscores Trump's influence among Republican primary voters even as que…
South Carolina’s Republican-led House approved a redistricting plan in the early hours of Wednesday that would redraw congressional boundaries in a way described by opponents as aimed at unseating Democratic Rep. Jim Clyburn. The measure, advanced during a special legislative session called by the governor after pressure from former President Donal…
The U.S. Supreme Court's recent interventions in state redistricting disputes have repeatedly allowed Republican-favoring maps to take effect, even when changes came close to primary voting. Justices cited or invoked the Purcell principle in some cases but not others, prompting debate among legal scholars about consistency, judicial restraint and p…
The U.S. Supreme Court is poised to hand down decisions in four significant cases tied to President Donald Trump that could constrain or endorse aspects of his second-term agenda. The disputes cover an executive order aimed at curbing birthright citizenship, the attempted ouster of Federal Reserve Governor Lisa Cook, the removal of Federal Trade Co…
Two Republican contenders - U.S. Representative Mike Collins and former University of Tennessee coach Derek Dooley - advanced to a June 16 runoff in Georgia’s GOP U.S. Senate primary after neither secured a majority in the initial vote. With roughly 80% of ballots tallied, Collins led Dooley, eliminating a third major candidate, Representative Budd…
At a May 19 White House briefing, Vice President JD Vance sought to reassure the public that the administration’s campaign against Iran will be finite, saying "This is not a forever war." While standing in for the press secretary, Vance addressed a range of hot-button topics including the use of taxpayer funds for individuals convicted in the Janua…
President Donald Trump provided new, previously undisclosed details about a planned 90,000-square-foot White House ballroom, describing hardened security features including a rooftop drone base, titanium fencing and a six-story underground complex that would house a military hospital and research facilities. He led reporters through the constructio…
A one-page Justice Department order signed by acting Attorney General Todd Blanche prevents the Internal Revenue Service from auditing President Donald Trump, his relatives or his companies over tax returns filed before Monday, extending a settlement that resolved Trump's $10 billion lawsuit over a tax-return leak and established a nearly $1.8 bill…
President Donald Trump is pressing ahead with an array of major renovation and construction projects across Washington, D.C., including a proposed 90,000-square-foot White House ballroom initially estimated at $400 million, a National Garden of American Heroes at West Potomac Park, a renamed and soon-to-close-for-renovation Kennedy Center, restorat…
U.S. Secretary of State Marco Rubio will travel to Helsingborg, Sweden, this week to attend a NATO foreign ministers meeting where burden sharing among alliance members is slated for discussion, the State Department said. After the NATO session Rubio will visit India from May 23-26, stopping in Kolkata, Agra, Jaipur and New Delhi to meet senior Ind…
A bipartisan pair of U.S. senators will introduce legislation aimed at reducing the appeal of Chinese artificial intelligence and digital technology offerings among foreign governments. The bill would create a State Department office to subsidize allied purchases of U.S. technology, streamline procurement, and establish a $500 million financing veh…
Senate Homeland Security and Government Affairs Committee Republicans advanced legislation allocating roughly $72 billion to support an expanded migrant deportation program, while internal disputes persist over a proposed $1 billion in Secret Service and White House ballroom-related spending. Committee Republicans defeated multiple Democratic attem…
The NAACP has launched the 'Out of Bounds' campaign, asking Black athletes, recruits, fans and donors to withhold support from flagship public athletic programs in eight Southern states that the group says are reducing Black voting power following a Supreme Court decision. The campaign targets major programs that generate more than $100 million ann…
President Donald Trump said he will make an endorsement in the Texas Republican U.S. Senate primary on Tuesday, signaling a decision ahead of the May 26 runoff between incumbent Senator John Cornyn and Attorney General Ken Paxton. The move follows a March three-way primary in which neither candidate won a majority, and comes after Paxton endured he…
The U.S. Treasury on Tuesday announced sanctions on Iran-based Amin Exchange - also known as Ebrahimi and Associates Partnership Company - saying the firm runs a network of front companies across the United Arab Emirates, Turkey and Hong Kong that process large foreign-currency transactions for Iranian banks. In a related action the U.S. also block…
With no confirmed frontrunner and the party’s nominating calendar still shaped by the 2026 midterms, a range of Democratic governors, senators and progressive figures have begun visible pre-campaign activity for the 2028 presidential contest. The moves include travel to early-voting states, fundraising through political action committees, and publi…
President Donald Trump has intervened in the Republican primary for Kentucky's 4th Congressional District by endorsing Ed Gallrein against incumbent Thomas Massie. The race has become one of the priciest U.S. House primaries on record, drawing heavy outside spending from pro-Israel groups and Trump-aligned donors, and is being watched as an indicat…
A group of Democratic senators led by Senator Alex Padilla has asked the White House to either remove Kurt Olsen from his role as an election security adviser or explain how his continued service complies with federal limits on special government employees. The senators contend Olsen exceeded the 130-day cap on special government employees and poin…
Defense Secretary Pete Hegseth appeared at a campaign rally in Kentucky to endorse Republican Ed Gallrein over incumbent Representative Thomas Massie, a move that breaks with longstanding norms about military political neutrality. Hegseth framed his participation as personal and said Gallrein would align with President Donald Trump’s agenda, while …
Civil rights veterans in Selma, Alabama, say a recent Supreme Court decision that removed protections under the Voting Rights Act and subsequent Republican-led redistricting efforts in several southern states threaten gains in Black political representation. Activists who took part in the 1965 Selma-to-Montgomery march described renewed urgency to …
Representative Thomas Massie characterized President Donald Trump’s weekend social media assaults as a desperate bid to help the president’s preferred candidate in Tuesday’s Kentucky primary. Massie, who has clashed with Trump on major legislation, the Iran war and led efforts to release government files on Jeffrey Epstein, faces Trump-backed Ed Ga…
A nine-hour, White House-affiliated religious gathering on the National Mall highlights ties between President Trump and conservative Christian leaders, prompting complaints that the event privileges evangelical and conservative Catholic voices while excluding many other faith communities and unaffiliated Americans. Organizers say the program aims …
President Donald Trump said he may support a primary challenge to Representative Lauren Boebert after she campaigned for Representative Thomas Massie in his Kentucky district. Trump criticized Massie on Truth Social and reiterated his push to unseat Massie, who has repeatedly broken with the president on key votes and led efforts to release governm…
Democrats running for Congress and other party officials are criticizing Republican support for a proposed White House ballroom as evidence the GOP is detached from voters' cost-of-living pressures. As lawmakers consider legislation that could include roughly $400 million tied to the White House complex within a broader $1 billion presidential secu…
