Britain’s Labour Party Is Proving Why America Was Right to Ditch Parliament

Economist flags troubling signs in Trump's economy: 'Shouldn't be so excited'

A prominent economist on Thursday warned that President Donald Trump's economy has raised some concerns.Justin Wolfers, an economics and public policy professor at the University of Michigan, responded to a new report from the Department of Labor, which indicated the United States has added fewer jobs in June — just 57,000 jobs that month."Each month we just learn a little bit more about the economy," Wolfers said. "We've seen a few really, really good months, and it was a 'yabba dabba doo' moment. I was very excited. And what we see here is maybe we shouldn't be so excited. This is an economy that is not as hot as we might have thought a month ago. It's also not an economy that's sinking by any means — it's treading water; it's doing OK. Let's cross our fingers and try not to do anything wrong, and hopefully we'll keep it."For instance, Wolfers noted that the latest data showed there has been a decline in leisure and hospitality hiring at a time when several U.S. cities are hosting the World Cup, which he described as a "double whammy" for the economy. He also argued that every industry outside of healthcare showed signs of shrinking.

Russia Signals Ukraine May Have Used Its First Ballistic Missile

Russia indicated that Ukraine may have used a ballistic missile in combat for the first time.

Warsh Signals Optimism on US Growth Potential |Bloomberg Businessweek Daily 7/1/2026

Today, Bloomberg's Mike McKee discusses comments made by Kevin Warsh about the direction the Fed will take under his leadership. Then Bloomberg campaign finance reporter Bill Allison breaks down the billions in crypto investments revealed in President Trump's annual financial disclosure. Plus, REAlloys CEO Lipi Sternheim discusses his company's partnership with the US government to mine rare earths on US army bases. Finally, Bending Spoons CEO Luca Ferrari is joined by Bloomberg's Bailey Lipschultz to discuss the web company's $1.68 billion IPO. (Source: Bloomberg)

House Speaker Asks Trump to Let Jones Act Shipping Waiver Expire

Speaker Mike Johnson and other Republicans in the US House of Representatives are asking President Donald Trump to allow a waiver of a century-old shipping law granted in March to tame fuel prices to expire.

A Troubling Milestone: Most Supreme Court Rulings Are Secretive Votes With Little Justification

The post A Troubling Milestone: Most Supreme Court Rulings Are Secretive Votes With Little Justification appeared first on ProPublica.

GOP speaker floats amending Constitution after Supreme Court hands Trump devastating loss

Speaker Mike Johnson was in the middle of a news conference when the U.S. Supreme Court announced its decision on President Donald Trump's executive order eliminating the constitutional right to birthright citizenship. Johnson grumbled audibly and said he was “very disappointed” with the ruling, though he conceded it was a "textualist, originalist view" by the Court since it's plainly enshrined in the 14th Amendment. However, he said that it's time to amend the U.S. Constitution to end birthright citizenship because it has been "grossly abused in recent years.""We have, you know — it's become a tourism — birthing tourism, they call, you know, a trend where people will just come and you just come onto the soil and have your child and then they're able to avail themselves of the welfare state and everything else. It's been abused," said Johnson. A study by the Immigration Policy Institute using data from the U.S. Census showed that approximately 0.7 percent of births in the U.S. "could be attributed to birth tourism." They aren't certain whether or not they are, but that is the maximum amount it could be"And so I'm sure that we'll continue to look at that," Johnson continued. "I mean they I'm sure the conclusion from this opinion is going to be that you got to amend the Constitution to fix that. As we all know, it's a big challenge to amend the Constitution. It's only happened 27 times in our whole nation's history. And the reason is because you got to have two-thirds of the both chambers of Congress and three-fourths of the states to ratify. It's usually, you know, at least a many-year-long process and very complicated. Um we'll see."He closed by saying that "we'll have to deal with it as a Congress." Johnson has failed to pass much legislation since taking over as Speaker of the House. In 2025, the House set a record for the fewest votes and fewest bills passed in recent years, the New York Times reported. Republicans hold the majority in the House, Senate and White House.

Speaker Johnson: Birthright citizenship ruling subjects US to ‘serious challenges’

House Speaker Mike Johnson (R-La.) responded to the Supreme Court’s Tuesday ruling that found the Trump administration’s efforts to place new restrictions on birthright citizenship are unconstitutional.  Johnson was asked by reporters during a press conference for his reaction shortly after the news of the decision broke.  “I will say, I’m very disappointed in that…