Blanche Rescinds $1.8B Fund, Clearing Path for AG Vote
Acting AG nominee Todd Blanche formally withdrew the $1.8B IRS fund after GOP holdouts demanded written assurances. The move clears a path for his confirmation vote amid ongoing Senate negotiations.
Trump Says Iran Talks Begin Monday, Tehran Denies Any Meetings
President Trump said new negotiations with Iran would begin Monday following Qatari mediation and Gulf allies' requests. Iran denied imminent talks while oil prices fell sharply on the de-escalation news.
Progressives Challenge Establishment in Democratic Primaries
DSA wins and progressive candidates are upending races in Michigan, Missouri and elsewhere. Establishment Democrats face tests over Black politics and future direction.
Wildfires Force 60,000 to Evacuate Near Spokane
Multiple fires have burned over 600 structures near Spokane, prompting Level 3 evacuation orders for up to 60,000 residents. Officials called it the state's worst disaster.
US, Japan intervene jointly to lift yen from 40-year low
The US and Japan took rare coordinated action to support the yen after sharp weakening. The move followed confirmation of intervention by Trump administration and Japanese officials.
Oil Falls Over 5% as Trump Halts Iran Strikes for Hormuz Talks
Crude prices dropped more than 5% as Trump called off planned strikes and diplomatic efforts advanced. Markets rallied on reduced Middle East risk.
McConnell Absence Sparks Rumors as Kentucky Deadline Nears
Rumors swirl around Mitch McConnell's future as Senate dynamics fracture between Trump allies and holdouts. Multiple races highlight ongoing civil war within the party.
Fed Holds Rates at 3.5-3.75% Amid Three Dissents
The Federal Reserve kept rates unchanged amid three dissents, raising September hike odds. Inflation expectations and mortgage rates remain in focus.
AstraZeneca-Bristol Myers Talks Spark Share Moves, Analyst Skepticism
AstraZeneca is in talks for a potential $400B merger amid analyst confusion over the deal's strategic fit. Bristol-Myers shares reacted to the reports.
Senate Panel Clears Stopgap Bill to Delay Shutdown Risk
Senate appropriators advanced a stopgap bill as the shutdown clock ticks and Trump remains deadlocked with GOP senators over spending priorities. Recess looms with key issues unresolved.