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The Bond Market Is Unhappy With the Federal Reserve's Unwillingness To Fight Inflation

3 hours agoCenter Right

The 30-year U.S. Treasury bond just hit its highest yield level since 2007.

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Opinion | Warsh Makes Markets Do Their Job

WSJ.com : U.S. News

40 minutes ago

Opinion | Warsh Makes Markets Do Their Job

Have they forgotten how to price risk without the Federal Reserve guiding them?

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Truthout

2 hours ago

The Fight Against AI Data Centers Is Spreading Globally

One of the clearest victories happened in a Dutch town that few people outside the Netherlands had heard of before 2021.

Far Left

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Politics & Policy

4 hours ago

Analysis: Markets heard a dovish Kevin Warsh. The Fed chairman's own words suggest a rate hike

Investors saw Warsh’s press conference as dovish, but a closer reading of the Fed chair's prepared remarks suggests he may be close to raising interest rates.

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Trump's anti-weaponization fund comments reignite Blanche confirmation fight

Axios

5 hours ago

Trump's anti-weaponization fund comments reignite Blanche confirmation fight

The Trump administration is still pushing lawmakers to confirm acting Attorney General Todd Blanche, even as President Trump defends the "anti-weaponization" fund holding Blanche's confirmation hostage.The big picture: The "anti-weaponization" fund has been the red line for Sens. John Cornyn (R-Texas) and Thom Tillis (R-N.C.). The lawmakers have refused to vote for Blanche until the DOJ put into writing that aspects of the deal aren't moving forward.Trump said Friday the fund is dead, but he didn't seem happy about it."I wish it weren't [dead]," Trump said of the fund. He added that he wanted to see people who "were horribly treated, horribly abused" by the government be compensated. Friction point: Tillis seemed to take issue with Trump defending the fund on Truth Social, retweeting a screenshot of the president's words on Friday and writing that Trump had "made it clear" that the fund "is still alive.""I will continue working in good faith to put an end [to] this legal and political albatross and prevent any potential misallocation of taxpayer dollars," Tillis wrote, adding that Blanche had been forthright in discussions.Earlier Friday, the president went after Cornyn, and said he would "always feel that these victims of government abuse should be paid back for what they were forced to endure."Cornyn also re-shared a post Friday that said it "does not sound like citizen Trump has agreed to end the Fund."Catch up quick: The president on Thursday floated withdrawing Blanche's name and keeping him on in an acting capacity until Cornyn and Tillis leave the Senate this January.But on Friday, Trump said Blanche should be "immediately approved," a call seconded by members of his administration. Secretary of State Marco Rubio wrote in a Friday post that the Senate shouldn't go on recess until Blanche is confirmed.The White House also released a demand to confirm Blanche "without delay" on its website Friday with a list of endorsements from law enforcement groups, former DOJ officials and members of Congress, among others.What we're watching: While the battle over Blanche plays out in Washington, attorneys for the president said Friday that they'd appeal a Miami-based federal judge's order that blasted the extraordinary deal to drop the IRS suit against his own government.U.S. District Judge Kathleen Williams wrote in her scathing order earlier this month that the lawsuit had been a "bad faith" means to an end and blocked the parties from referring to the settlement in any official proceedings — but Trump is still fighting.Go deeper: The major controversies stalling Todd Blanche's attorney general nomination

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Fauci faces lifetime ban from federal government work under new bill following explosive hearing

Latest Political News on Fox News

6 hours ago

Fauci faces lifetime ban from federal government work under new bill following explosive hearing

Rep. Rich McCormick's bill could ban Anthony Fauci from federal employment after he invoked the Fifth Amendment over 100 times before Rand Paul.

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More than 50,000 federal employees, $2B in salaries eliminated under Trump in 2025

New York Post

6 hours ago

More than 50,000 federal employees, $2B in salaries eliminated under Trump in 2025

Biden's final year in office saw federal salaries surge by more than $10 billion and the headcount by more than 13,000.

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Live updates: Trump calls Blanche a ‘pawn’ in anti-weaponization fund fight, describes Iran’s leaders as ‘very dishonest’

The Hill News

8 hours ago

Live updates: Trump calls Blanche a ‘pawn’ in anti-weaponization fund fight, describes Iran’s leaders as ‘very dishonest’

President Trump and his Cabinet are gathered at Camp David for their 13th Cabinet meeting of his second term. Among the new faces at the table are Jay Clayton, incoming director of national intelligence, and Keith Sonderling, secretary of Labor. In questions with reporters, Trump lambasted the Senate, specifically Sen. John Cornyn (R-Texas), for not…

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Trump quietly reignites fight to save shady deal torpedoing Blanche nomination

Raw Story

10 hours ago

Trump quietly reignites fight to save shady deal torpedoing Blanche nomination

President Donald Trump quietly restarted a court battle Thursday to save an IRS audit deal that is also blocking acting Attorney General Todd Blanche's confirmation.Trump, his sons, and the Trump Organization filed the notice of appeal to the Eleventh Circuit Court of Appeals, according to court records, challenging a July 13 ruling by U.S. District Judge Kathleen Williams.A controversial provision, signed by Blanche alone, would permanently bar the IRS from auditing Trump, his sons, and their businesses.Williams found that Trump had essentially sued himself — because he controls the agencies he sued — and that the audit provision of the resulting deal violated federal law."The Release Order also purports to bar the IRS from conducting any future tax audits of President Trump, his sons, and their entities," the order said."The explicit text of this statute prohibits President Trump and his lawyers — one of whom was former White House Counsel — from asking for or promoting termination of an audit directed toward him," Williams wrote.She noted this was "a limitation surely known by former White House Counsel and the current Acting Attorney General."Opposition to that same audit shield is now blocking Blanche's Senate confirmation.Sen. Thom Tillis (R-NC) said earlier this week that the anti-weaponization fund language was nearly resolved, but the audit deal remained the problem."We're trying to work just to get the language," Tillis told reporters. "I really do believe it's just a drafting exercise."He flagged "the remaining language on the audit" deal as the central issue.Sen. John Cornyn (R-TX) said Thursday that he and Blanche had nearly reached a deal — until Trump stepped in."I think as far as Blanche and the Department of Justice, we were pretty much on the same page," Cornyn told reporters. "But then when the president got wind of it, he wasn't willing to go along with it.""I can see why he wants it, because it provides immunity from audits no other taxpayer would get," Cornyn added.On Truth Social Wednesday, Trump praised Blanche and threatened to pull the nomination — but said nothing about the audit deal. The appeal, filed the same day, went unannounced."I have no objection to temporarily withdrawing Todd's name, if they do not do the right thing, and putting him back after Cornyn and Tillis are out of office," Trump wrote."The president wants it both ways — he wants his audit immunity deal safeguarded, but he also wants his AG nominee confirmed," Punchbowl News senior congressional reporter Andrew Desiderio wrote on X. "Absent a complete fold by Cornyn/Tillis (which nobody in either party realistically expects), Trump cannot have both."Friday morning, Trump reversed course and said Blanche "should be immediately approved as U.S. Attorney General," according to Forbes — though the audit deal standoff remained unresolved.

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The Bond Market Is Unhappy With the Federal Reserve's Unwillingness To Fight Inflation

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The Bond Market Is Unhappy With the Federal Reserve's Unwillingness To Fight Inflation

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