There’s one hopeful sign for the Fed on inflation. Really.
Slower wage growth could help bring down prices and ultimately mean less sting for the average worker.
Slower wage growth could help bring down prices and ultimately mean less sting for the average worker.
The measure would give EV buyers a $7,500 tax credit starting next year, through the end of 2032. There’s also a new $4,000 credit for those buying used EVs.
GOP senators are so mad about a surprise Democratic deal on climate change that they may just drop their support for doing anything.
The Senate dance of determining what Democratic Sen. Joe Manchin will vote for took another turn yesterday with an announcement that he’d agreed to support … well, something. The idea of the Senate doing any something at all, however, led Senate Republicans to take out their anger on a previously popular bill that would provide expanded medical care for poisoned war veterans. Yes, that’s how Republicanism works now.
On Tuesday night, Chris Cuomo made one of his first on-air appearances anywhere since being fired from CNN last December over his role in helping his brother, former New York Gov. Andrew Cuomo, fend off accusations of sexual harassment. Cuomo’s appearance came on NewsNation, the fledgling news channel that replaced WGN America.
To this day, it remains utterly gobsmacking that Donald Trump got even one vote for president of the United States, much less tens of millions. He had no relevant experience in politics or, from the looks of it, business. And as humans go, he was a pretty below-average tapeworm.
And yet, somehow, the wheel of cosmically unlikely events slid right past “Zombie Gandhi gnaws your nips off” and landed squarely on “Donald Trump is president.
Ukraine has launched long-range artillery or HIMARS rockets into the Antonivskyi Bridge east of Kherson for a third night in a row, causing additional damage and closing the bridge to any kind of vehicular traffic. At Darivka, east of Kherson, the bridge across the Inhulets River that connects the city to traffic coming across the Kakhovka Bridge is also down, and the pontoon bridge which Russia had constructed there appears to be completely gone.
There is a direct pipeline of former federal immigration officials who have then gone to work for the private prison profiteers that make big bucks from jailing immigrants for the federal government. This includes officials from the previous administration, who, for their intentional anti-immigrant abuses, should be societal pariahs.
One person joked that he was pretty sure the Missouri Senator’s book would “fall well short of expectations.
Sen. Joe Manchin is “adamant” about fixing a tax break for wealthy investors, but fellow moderate Kyrsten Sinema had wanted to keep it untouched.
Alito joked that former British Prime Minister Boris Johnson “paid the price” for speaking out against the majority opinion that demolished U.S. abortion rights.
This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here.Well, folks, it looks like Congress still has the capacity to surprise us.But first, here are three new stories from The Atlantic.
The January 6 hearings are changing Republicans’ minds.
Is this a recession? Wrong question.
Suddenly, overnight, real progress has been teed up for the White House.
The package would permit negotiation on drug pricing in Medicare and appears to have a path to passage.
The new doses, which come amid widespread complaints over access to treatments and vaccines, bring the total number secured so far to 1.1 million.
Intellectual sports lovers, to borrow from Martin Amis, are “a beleaguered crew,” fated to be “despised by intellectuals and [sports]-lovers alike.” Yet, across literature, scenes depicting heartstopping goals, impossible tennis shots, thundering bowling strikes, and last-minute baskets abound. Sometimes, these games are only offhand events in characters’ lives. At other moments, they signify something greater—an entry into a protagonist’s interior.
The U.S. economy shrank for the second consecutive quarter, guaranteeing a robust news cycle of people shouting the word recession back and forth at each other. President Joe Biden has assured the public that the U.S. economy is not actually in a recession, while conservative media will surely use today’s report to state confidently that it is.So are we in a recession, or not? That’s the wrong question to ask. But before explaining why, let me try to answer it.
A shock awaited Drake’s fans when they first hit “Play” on his latest album. A gentle instrumental intro lulled the ears for 37 seconds. Then the second track, “Falling Back,” cut in, the audio equivalent of a jump scare in a horror movie.
Republicans are poised to cast aside all the economic technicalities and bash Democratic candidates up and down the midterm ballot over an economy that is already deeply unpopular with voters in both parties.
As next month marks one year since the United States officially withdrew from Afghanistan, we look at the Taliban-ruled country’s devastating economic and humanitarian crisis that has unfolded since. Afghan journalist Bilal Sarwary describes the dire situation as “an epic failure by the Taliban as the de facto rulers in terms of not stopping their crackdown against the Afghan people” while they cope with flash floods, food shortages and more. He adds that the U.S.
As the Russian invasion of Ukraine continues, many in Western countries are expressing their opposition to the war by becoming hostile to Russian culture. Nina Khrushcheva argues that Russian music, films, books and art are not the right targets for antiwar activism in her latest article, “Don’t Cancel Russian Culture.
We look at how the Russian war in Ukraine is impacting the Russian people, with many Russian dissidents who oppose the invasion choosing to flee abroad after facing violent crackdowns at home. Ilya Budraitskis is a Russian historian and political writer who left his home in Moscow after the war in Ukraine began, and recently launched the media outlet Posle.
We speak to Oksana Dutchak, a Ukrainian feminist and co-editor of the leftist journal Spilne, who fled to Germany because of the “inability to live under the constant pressure of fear” as Russian invaded. She says Western leftists and feminists who have misgivings about Western military support for Ukraine often overlook that Ukrainians are fighting for self-determination and against imperialism.
Vice President Kamala Harris plans to turn up pressure against “Republican extremism,” Hulu angered Democrats and state judges made opposite rulings on enforcing bans.
The GOP’s decade-plus war against the health law continues with lawsuit over coverage requirement for testing, vaccines and PrEP.
Indiana is the first state legislature to take up a sweeping new ban since Roe v. Wade was overturned.
Slower wage growth could help bring down prices and ultimately mean less sting for the average worker.
Lower-income and Black and Hispanic Americans have been hit especially hard.
Biden officials have repeatedly touted the jobs numbers as evidence of the economy’s underlying strength, but slowing the labor market is essential to helping tame consumer prices.
Lawmakers in the House of Representatives have introduced the Puerto Rico Status Act, which would allow residents of the longtime U.S. colony to begin the process of self-determination and decide on the island’s territorial status. The bill sets up three options for residents to choose from in a referendum — U.S. statehood, independence or sovereignty in free association with the United States — and commits Congress to abide by the results.