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World heads into food crises 'blind' as U.S. aid cuts squeeze UN food agency, experts warn
Climate shocks, conflict and a global fuel crisis, on top of surging interest rates and donor cuts, leave agencies less able to help those facing higher food prices....
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Fed's Barr says future interest rate hikes 'likely' needed to tame inflation
Federal Reserve Governor Michael Barr said Wednesday the central bank will “likely” raise interest rates again to counter persistent inflation, after it did so last week for the first time in three-plus years. Barr, a member of the rate-setting Federal Open Market Committee (FOMC...
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White House says it's not preparing to ban diesel exports
The White House on Wednesday denied a report that it is planning a 90-day ban on diesel exports as Americans struggle with high gas prices. The report, from Politico, cites five people familiar with the discussions and says that the legal process for the export ban was still bein...
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Majority of Americans, Canadians agree Trump's tariffs were wrong: Poll
A majority of U.S. and Canadian adults in a new survey released Wednesday said they disagreed with President Trump’s decision to hike tariffs on goods imported by Canada. The Politico/Public First poll found that 83 percent of Canadians and 56 percent of Americans believe the inc...
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Fed's Barkin 'open' to possibility of inflation declining 'in short order'
Federal Reserve Bank of Richmond President Thomas Barkin said Tuesday that inflation could decline “in short order,” but he acknowledged prices could remain elevated amid the Iran war. “I’m open to the possibility that inflation could come back down in short order,” Barkin told t...
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Senate Democrats press Trump administration on consumer refunds after tariff ruling
A group of Senate Democrats, joined by independent Sen. Bernie Sanders (Vt.), are pressing U.S. Trade Representative Jamieson Greer over tariffs refunds following a Supreme Court decision earlier this year that ruled certain Trump administration tariffs were illegal. The letter, ...
government
O'Reilly: 'Republicans can't survive the anger that people are feeling' on spending
Political commentator Bill O’Reilly on Monday said Republicans cannot survive the anger people are feeling about the ongoing affordability crisis ahead of the 2026 midterm elections. Appearing on NewsNation, host Leland Vittert asked O’Reilly if remarks made by Republican candida...
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Bessent says he has 'great confidence' in Warsh after Fed raises rates
Treasury Secretary Scott Bessent said Monday he has “great confidence” in Federal Reserve Chair Kevin Warsh after the central bank raised interest rates by a quarter point against the wishes of President Trump. “I have great confidence in Chair Warsh,” Bessent told host Joe Kerne...
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Bessent says US, Chinese officials considering lowering tariffs on 'noncritical' items
Treasury Secretary Scott Bessent said Monday officials from the U.S. and China are considering lowering tariffs on “noncritical” products, as President Trump prepares to host Chinese President Xi Jinping this week in Washington, D.C. During an interview on CNBC’s “Squawk Box,” Be...
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Fed's Kashkari: Inflation still too high in 'all aspects' of economy
Neel Kashkari, the president of the Federal Reserve’s Minneapolis branch, said Sunday that inflation is “still too high,” days after the central bank raised interest rates. “Even if we strip out energy, which is really volatile, and strip out food, they matter a lot, but in terms...
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Barrasso says 'we need to do more' on affordability as midterms near
Senate Majority Whip John Barrasso (R-Wyo.) said Sunday that the GOP needs to “do more” to lower costs for Americans with the midterms roughly six weeks away. During an interview on NBC’s “Meet the Press,” Barrasso acknowledged that people “around the country are feeling the pain...
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Senate Republican on Iran war: 'I think we'll be out of there in about 6 months'
Sen. John Kennedy (R-La.) predicted Sunday the U.S. will be “out of” Iran in six months, as the conflict approaches the seven-month mark. While stumping for Sen. Pete Ricketts (R-Neb.) in Nebraska, Kennedy acknowledged the war has resulted in price increases for oil and fertilize...