It’s not just high gas prices – inflation is now spreading through the US economy
Fresh inflation data now suggests the challenge may be deeper and longer lasting than many expected

With the midterm elections five months away, many Americans who backed President Trump are wrestling with pain at the pump and the war in Iran.
Fresh inflation data now suggests the challenge may be deeper and longer lasting than many expected
Former attorney general Pam Bondi testified behind closed doors Friday about the Jeffrey Epstein scandal. She effectively let it be known that Todd Blanche, now acting AG, has been responsible for this debacle, creating a new target for Democrats to pursue that will be fraught for Trump. Bondi also went mum on how Trump instructed her to handle the Epstein files, basically declining to back Trump’s spin that he was very pro-transparency, raising still more questions for Democrats to pursue. Meanwhile, Trump’s sinking approval, Iran debacle, ballroom and slush fund are fracturing Trumpworld and the GOP: One Republican told The Atlantic that he has “lame-ducked himself.” We talked to historian Nicole Hemmer, author of several books about the right. We discuss why the Epstein scandal continues to fracture the MAGA movement, the deeper reasons for Trump’s weakening hold on the GOP, and why MAGA will go into deep turmoil once Trump passes from the scene. Listen to this episode here.
The Senate minority leader said Democrats would use Senate procedure to try to kill President Donald Trump’s $1.8 billion “anti-weaponization” fund, forcing Republicans to vote to preserve the compensation money.
President Trump on Sunday said it is “very good” that thousands of lawyers have chosen to no longer work for the administration, referring to The New York Times’s reporting on the exodus. The Times story reported that more than 10,000 lawyers working for the federal government have left since the end of 2024 to March…
US President Donald Trump said talks with Iran over an interim peace deal will “work out well,” even as the countries’ forces clashed again near the Strait of Hormuz.
Former Federal Reserve Chairman Jerome Powell took a subtle dig at President Donald Trump on Sunday as he accepted the John F. Kennedy "Profiles in Courage" award, according to a new report. Axios reported that Powell said the central bank is under a "stress test" and that the institution's credibility is at stake. Powell's remarks are the first he's made since stepping down as the Federal Reserve Chairman on May 15. "Congress wisely chose to insulate monetary policy decisions from political pressure," Powell said, according to the report. "These protections have served the public well, and administrations from both parties have respected them.""If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well. The public would lose faith that the central bank will make decisions based only on what's best for all Americans," he added. Trump and Powell had a contentious relationship during the second Trump administration. Trump tried to fire Powell because the former chairman did not want to reduce interest rates as Trump desired. The president also tried to embarrass Powell on live television during a trip to the central bank, a confrontation that ended with Powell fact-checking Trump to his face. "What the public has every right to expect is that we will make our decisions based only on our best economic analysis of what would most benefit the people we serve," Powell said. "We do not take into account the fortunes of any political party or politician in making those decisions," he added.
A federal judge just put President Donald Trump in the "danger zone" after launching an inquiry into the lawsuit that produced the president's nearly $1.8 billion so-called "anti-weaponization" fund last week, a former federal prosecutor warned on Sunday. Glenn Kirschner, the former deputy U.S. attorney in Washington, D.C., said during a new episode of "The Legal Breakdown," a podcast he co-hosts with progressive YouTuber Brian Tyler Cohen, that Judge Kathleen Williams in the Southern District of Florida deciding to reopen the lawsuit Trump filed against the IRS to see if it constitutes fraud represents a potentially "perilous twist" for the case. Last week, Williams launched an inquiry into the settlement after a coalition of 35 former federal judges said the agreement might constitute "serious misconduct" by the Trump Department of Justice. Kirschner said Williams's four-page order raised three potent questions: whether the settlement is the product of collusion, whether it was premised on deception, and whether the case should be reopened. Trump's lawyers have until June 19 to respond to Williams's questions, according to her order. Kirschner said the inquiry represented a "hell of a twist, a potentially perilous twist" for Trump and his lawyers at the DOJ."This could be a real danger zone for Trump," Kirschner said. Trump's DOJ created the so-called "anti-weaponization" fund last week and announced it intends to pay claims by people who were wrongfully prosecuted by the federal government. The fund has been criticized by Republicans and Democrats alike, with Trump's former vice president calling it "deeply offensive." Several of Trump's allies, including the leader of the Proud Boys and former campaign aides who were investigated as part of the 2016 probe into Trump's connections with the Russian government, have said they will seek compensation.
Kevin Hassett, the National Economic Council director, caught heat from political analysts and observers after he made what some described as an "incredible" claim about the financial health of Americans during a Fox News interview. Hassett joined Fox News host Shannon Bream on "Fox News Sunday," where he was asked about a recent report finding that 13% of Americans had delinquent credit card balances, meaning their accounts had become past due. That figure was the highest since the 2008 financial crisis, Bream noted, which Hassett seemed to dismiss altogether in his response. "We talk to the CEOs of the credit card companies in the time, and we do see some stress like the Wall Street Journal pointed out," Hassett said. "But delinquency is different than default and there's not any kind of financial threat to the credit card companies. They don't feel like they're heading towards default scenarios. It's just that people are taking a little bit longer [to pay]."Hassett's claim was roundly criticized on social media. Jared Sears, a Navy veteran, wrote on X that Hassett's claim was "incredible.""Effectively sums up the administration's entire approach to governing: make sure the corporations and the rich are doing well, and forget about everyone else," Sears posted. "This has all the empathy of someone who learns that people are starving and instinctively calls General Mills to see if they're feeling an earnings pinch this quarter," Rep. Sean Casten (D-IL) posted on X. "I do not advocate for political violence, but damn, it feels like Hassett has been trying his absolute hardest to become the most punchable member of the Trump administration," Hunter Gordon, a political candidate in Washington, posted on Bluesky. "Don’t worry if you’re struggling. The credit card companies will make sure to get their money from you regardless," Scott Imberman, an economics professor at Michigan State University, posted on Bluesky.