Powell Cites Volcker’s “Willingness to Resist” as He Defends the Fed’s Independence Under Pressure
Federal Reserve Chair Jerome Powell used a public tribute to former Fed Chair Paul Volcker to underline a message with clear relevance to today’s politics: central bankers sometimes have to resist pressure and make unpopular choices to protect long-run economic stability. Powell delivered the remarks while accepting the Paul A. Volcker Public Integrity Award, praising […]
White House Installs The “Monument War” Christopher Columbus Statue
The White House has installed a statue of Christopher Columbus on its grounds, a move that reflects President Donald Trump’s broader campaign to reshape how U.S. history is presented in public spaces. The statue is positioned on the north side of the Eisenhower Executive Office Building, placing it within the highly symbolic landscape surrounding the […]
High Court Weighs Legality of Metering Policy For Turning Asylum Seekers Away
The U.S. Supreme Court is set to hear arguments over whether President Donald Trump has the legal authority to limit asylum processing at official ports of entry through a policy known as “metering.” This allows U.S. border officials to turn away asylum seekers—sometimes temporarily—when they say they lack the capacity (space, staff, or resources) to […]
FCC Grants National-Security Exemptions For Select Chinese Drone Models
U.S. regulators have granted a limited set of exemptions to a sweeping import ban that has been reshaping the American commercial drone market since late 2025. The Federal Communications Commission (FCC) said it will allow imports of four foreign-made drone models and their critical components after the Pentagon determined the systems do not pose national […]
“Transitory” At Five: Why Inflation’s Ghost Still Haunts the Fed, Voters And Markets
Five years after U.S. Federal Reserve officials first described a surge in inflation as “transitory,” the term has become one of the most enduring—and politically damaging—labels in modern economic policymaking. The “transitory” framing still matters in 2026 because it shaped public trust in the Fed, influenced the timing of interest-rate hikes, and left a long […]
U.S. Expands $15,000 “Visa Bond” Requirement to 12 More Countries to Curb Overstays
The Trump administration is expanding a controversial policy that requires certain visitors to post a $15,000 bond as a condition of receiving a U.S. visa, extending the rule to travelers from 12 additional countries. The bond is designed as a financial guarantee that visitors will comply with the terms of their entry—primarily that they will […]
Trump’s SAVE America Act Would Require Proof of Citizenship to Vote
President Donald Trump is pushing Congress to pass sweeping election legislation that would require Americans to show proof of U.S. citizenship to register to vote in federal elections—an effort he has labeled a top priority even though the bill faces long odds in the Senate. The legislation, commonly referred to as the SAVE America Act, […]
Microsoft Weighs Lawsuit Over Amazon–OpenAI Cloud Pact, Escalating Tension Inside AI Alliance
Microsoft is considering legal action against OpenAI and Amazon over a cloud partnership that could undermine Microsoft’s exclusive hosting rights for key OpenAI services. At the center of the dispute is a reported $50 billion set of agreements between OpenAI and Amazon, including provisions that make Amazon Web Services (AWS) the exclusive third-party cloud provider […]
Diesel Shock Hits Freight and Factories: Middle East Supply Squeeze Pushes U.S. Pump Prices Past $5
U.S. average retail diesel prices have climbed above $5 a gallon, a level reached only twice in U.S. history, as the U.S.-Israeli with Iran roils global fuel markets and tests the world economy’s resilience. The spike reflects a worsening supply shock tied to the conflict’s impact on Middle East exports—especially after Iran’s near-total disruption of […]
Winds, Blizzards and Triple-Digit Heat Put Over Half the U.S. in the Path of Extreme Weather
A sprawling, high-impact weather system pushed more than half of the United States into overlapping threats—blizzards, damaging winds, severe storms and unusual heat—creating a rare “everything at once” scenario that disrupted travel, closed schools and prompted emergency preparations across multiple regions. The extreme conditions stretched from a surprising California heatwave to Upper Midwest blizzards and […]
