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
New York City’s Rent Guidelines Board voted 7-1 to impose a rent freeze for roughly one million regulated apartments, setting zero increases on both one-year and two-year leases beginning in October. The decision fulfills a key campaign promise of Mayor Zohran Mamdani, drew jubilant reaction from tenants and ire from at least one landlord represent…
Johns Hopkins University announced the layoff of 110 employees this week, attributing the reductions to a contraction in its federal research portfolio. The university says the decline in multiyear federal research commitments and fewer awards have forced adjustments to the administrative infrastructure that supports sponsored research, even as it …
Both the Republican-led U.S. House and the U.S. Senate approved a War Powers concurrent resolution instructing President Donald Trump to end U.S. military involvement in hostilities with Iran. The votes, the first of their kind since the 1973 War Powers law was enacted, highlight congressional concern about the conflict that began on February 28, b…
The Great American State Fair opened on Washington’s National Mall with a 110-foot Ferris wheel, a rodeo demonstration and a large selection of fair food, launching a 16-day slate of events commemorating the nation’s 250th anniversary. The celebration, which occupies much of the promenade between the U.S. Capitol and the Washington Monument, has be…
House Speaker Mike Johnson plans a Thursday meeting with former President Donald Trump as Republican infighting over a national voter identification bill stalls congressional business. Hardline allies in the House refuse to allow unrelated measures to proceed until the Senate advances the SAVE America Act, while the Senate has failed to pass the bi…
The U.S. Supreme Court ruled 6-3 in favor of the Trump administration, upholding the government's ability to refuse to process asylum claims when border crossings are deemed overloaded. The decision reversed a lower court's judgment that the practice known as "metering" violated federal law by denying inspection to migrants who have not entered the…
In Colorado’s competitive 8th Congressional District, a high share of Latino residents are undecided and frustrated by both parties. Tariffs, immigration enforcement and rising costs have eroded support for the president among Latino voters who backed him, yet Democrats have not converted that erosion into a decisive advantage. Both parties are dep…
Ghislaine Maxwell has filed an amended habeas petition arguing that documents unveiled under the Epstein Files Transparency Act reveal violations of her due process rights ahead of her 2021 conviction and 20-year sentence. Federal prosecutors in Manhattan contend the majority of her claims are time-barred or speculative, and a judge will now weigh …
In New York City primaries, three candidates endorsed by Mayor Zohran Mamdani triumphed over established figures, defeating two incumbents and the establishment choice in an open seat. Each winner is connected to the Democratic Socialists of America and supports policies including universal health insurance and an end to U.S. support for Israeli mi…
New York City Mayor Zohran Mamdani saw three significant primary victories for candidates he endorsed, boosting the democratic socialist movement within the Democratic Party. The wins — including defeats of entrenched incumbents and establishment-backed figures — add momentum to an ideological push that has gained traction since 2016 and may compli…
A federal appeals court has upheld a ruling that prevents the Justice Department from obtaining Michigan’s unredacted voter rolls, reinforcing a lower court’s finding that those state-created lists fall outside the scope of documents the federal government may compel under the Civil Rights Act of 1960. The decision comes as the DOJ has pursued simi…
U.S. Postmaster General David Steiner told a Senate committee that a proposed Postal Service regulation, pushed by President Donald Trump, would require states to provide names and barcode information for mailed ballots in federal elections. Steiner said the rule is designed to ensure mailings and returns match state records, and that USPS would wi…
President Donald Trump called off a scheduled signing ceremony for bipartisan legislation intended to accelerate affordable housing construction, posting on Truth Social that the event is cancelled until Congress passes the SAVE AMERICA ACT, which he labeled a national emergency. The housing bill had cleared the Senate and House with lopsided major…
President Donald Trump will begin a 16-day observance of the United States' 250th anniversary with a rally on the National Mall, a move that highlights the convergence of formal celebration and his campaign-style public events. The festivities, culminating on July 4, have been mired in controversy over programming changes, the removal of several mu…
The U.S. Supreme Court is heading into the final days of its term with a disproportionate number of consequential cases that directly test President Donald Trump’s efforts to broaden executive authority. With five rulings already released on Tuesday and additional opinions anticipated later in the week, the court faces decisions on birthright citiz…
President Donald Trump will meet privately with Senate Republicans to urge passage of the SAVE America Act, a voting restrictions package that has failed repeatedly to clear procedural and vote thresholds in the chamber. The bill would impose photo ID requirements for federal elections, require proof of U.S. citizenship for registration, and mandat…
Cait Conley, a U.S. Army veteran and former White House national security official, won the Democratic primary on June 23 to become the challenger to Republican Representative Mike Lawler in New York’s 17th District. The contest pits a candidate with national security credentials and growing campaign resources against an incumbent who has repeatedl…
A U.S. district judge in California vacated two Trump administration policies that expanded arrests at immigration courthouses and extended the permissible length of short-term detention by immigration authorities. The ruling reinstates prior limits that restricted courthouse arrests to narrow circumstances and capped short-term detention at 12 hou…
The U.S. Senate voted 50-48 to approve a war powers resolution directing President Donald Trump to cease U.S. military operations against Iran, joining a House vote earlier this month. The measure is the first concurrent congressional resolution of its kind since the War Powers Resolution was enacted in 1973, but legal scholars and the White House …
A three-judge panel of the 1st U.S. Circuit Court of Appeals has temporarily lifted a July 3 deadline that would have required the National Park Service to reinstall dozens of signs and exhibits removed under a presidential directive. The panel left in place most of a lower court's injunction against implementation of the executive order but is con…
The U.S. Senate voted 50-48 to adopt a concurrent resolution directing the president to end U.S. hostilities with Iran, with four Republican senators joining nearly the entire Democratic caucus in support. The measure, which passed the House earlier this month, invokes the War Powers Resolution and is widely viewed as largely symbolic given procedu…
A five-day national poll that concluded on Monday finds only about one in four Americans view the U.S. war with Iran as worth its costs. The same survey shows President Donald Trump’s overall approval rating slipping to 34%, matching the lowest level of his current term, and widespread doubt that a preliminary deal signed on June 17 will produce la…
A slate of competitive primaries in New York and a pivotal runoff in South Carolina converge Tuesday to highlight intraparty tensions, vulnerable incumbents and high-profile entrants. New York’s mayor has backed three far-left candidates linked to democratic socialists in bids against two established Democratic incumbents and for an open Queens sea…
New York Mayor Zohran Mamdani has backed a slate of democratic socialist candidates in local primaries that pit insurgent left-leaning contenders against established Democrats. While success for his allies would signal growing influence in deep-blue cities, party leaders warn that victories in primary battles may complicate Democrats’ chances in co…
President Donald Trump signed two executive orders directing a government-wide push to build a powerful quantum computer for scientific research with a target of 2028, while setting goals to protect federal systems from quantum-enabled cyber threats by migrating to post-quantum cryptography by 2030 or 2031. The measures also call for international …
