Inflation could reaccelerate if former President Trump wins the White House and Republicans win control of Congress, according to a recent report by Moody’s Analytics. Under the so-called Republican Sweep scenario, which the forecasters place at a 35 percent probability, consumer price inflation accelerates from 3 percent in 2024 to 3.6 percent in 2025, according to the three economists who authored the report.  Trump policies — including higher tariffs, tax cuts that stimulate the...

Inflation remains public enemy No. 1 in today’s economy. Americans are fed up with the cost of living and former President Donald Trump says he will help. Yet 16 Nobel Prize-winning economists are warning that Trump’s proposals wouldn’t just fail to fix inflation — they would make matters worse. “We the undersigned are deeply concerned about the risks of a second Trump administration for the US economy,” the economists wrote in the Tuesday letter, which was first reported by Axios...

The Supreme Court mistakenly posted a ruling to its website on Wednesday for a pending abortion-related decision. Why it matters: An early version of a ruling in a reproductive rights case has now been released twice in two years. A leaked draft of the court's landmark decision to overturn Roe v. Wade was obtained by Politico weeks before the opinion was announced in June 2022. The leaked document and the final ruling in that case were substantially the same. State of play: It's...

House Republicans on Wednesday advanced legislation that would slash funding for the Department of Justice and U.S. attorneys’ offices across the country, the latest attempt by the G.O.P. to punish federal law enforcement agencies that they claim have been weaponized against conservatives, especially former President Donald J. Trump. The spending bill, approved along party lines by a subcommittee of the House Appropriations Committee, would cut funding for salaries and other expenses at the...

Unless Donald Trump decides to back out at the last minute because President Joe Biden didn’t agree to be tested for some mystery performance enhancers, CNN will host the first 2024 presidential debate on Thursday night. The event will be moderated by longtime CNN anchors Jake Tapper and Dana Bash. The debate is also extremely early, historically speaking, taking place before either candidate has been officially nominated by their respective parties. Tapper, who anchors the weekday news...

Bolivia's presidential palace has been stormed by soldiers as the country's president warned of an unfolding "coup". Troops blocked off the entrances to La Paz's Murillo Square, where key government buildings are located, before ramming the doors of the main government building. Soldiers then entered the building. President Luis Arce had earlier warned on social media of "irregular mobilisations of some army units". "Democracy must be respected," he said. Bolivian minister Maria Nela...

The White House condemned on Wednesday the reported violence in Kenya, where medics said 23 people had died this week after violent clashes between police and protesters. Kenyan President William Ruto on Wednesday withdrew planned tax rises, bowing to pressure from demonstrators who had stormed parliament and threatened more action this week. "The United States is deeply concerned about and we condemn the reported violence in all its forms," White House national security spokesman John...

The French government has ordered the dissolution of four far-Right groups and an Islamic association. This includes GUD, a group known for violence and antisemitism. The move comes just days before the first round of the snap legislative election called by President Emannuel Macron after far-Right parties made gains in several countries in European elections. An expert told Newsweek at the time that the results signaled a pronounced rightward shift. Other groups banned include Lyon-...

The New York Times appeared to quietly change a headline about a "flood of pro-Israel money" leading to Tuesday's lopsided primary defeat of Rep. Jamaal Bowman, D-N.Y. Bowman, an outspoken critic of Israel, suffered a double-digit primary defeat on Tuesday to Westchester County Executive George Latimer, a pro-Israel moderate Democrat. The race was defined in part by the bitter schism within the party over Israel and its war in Gaza since the Oct. 7 Hamas terrorist attack.  The New...

In an estimation of decadelong spending and revenue projections, the Committee for a Responsible Federal Budget claimed former President Donald Trump approved $8.4 trillion of new debt during his presidency compared to $4.3 trillion approved by President Joe Biden. But the CRFB admitted projections are subject to change, and a total debt estimate over the course of 10 years arguably misleads from the reality. Per my own analysis, Trump spent at least a trillion dollars less while he was...