Despite high inflation, the U.S. is “moving from the strongest economic recovery in modern history to what can be a period of more stable and resilient growth,” Brian Deese said.
On a month-to-month basis, prices rose 0.3% from March to April, a still-elevated rate but the smallest increase in eight months.
Rates this year could reach their highest levels since before the 2008 Wall Street crash if surging prices continue.
The government said gross domestic product shrank at a 1.4 percent annualized rate in the first quarter.
The steady spending suggested the economy could keep expanding this year even though the Federal Reserve plans to raise rates aggressively to fight the inflation surge.
This week marks the second anniversary of the police murder of George Floyd. We speak with Washington Post reporters Robert Samuels and Toluse Olorunnipa, who have just published an in-depth new book, “His Name Is George Floyd: One Man’s Life and the Struggle for Racial Justice,” that tells the story of structural racism in the U.S. through Floyd’s own story. “This is an American story.
In what is being described as a “greenslide,” voters in Australia topple the prime minister, ending nearly a decade of conservative rule. The main issue? Climate change. Voters elected Anthony Albanese of the center-left Labor Party as their new prime minister on Saturday, ousting the right-wing, pro-coal Scott Morrison, who had served as Australia’s prime minister since 2018.
Raffensperger’s victory over Trump-endorsed election skeptic Rep. Jody Hice delivered a stinging rebuke to the “big lie” in Georgia’s GOP primaries.
President Joe Biden delivered a moving speech Tuesday evening in the wake of the Uvalde, Texas, mass shooting at an elementary school that left at least 18 children and three adults dead. The gunman, an 18-year-old who was attending high school in the district, was killed by law enforcement. Two officers were injured but were not critically hurt.
It happened again. At least 18 elementary school children and one teacher are dead in a mass shooting in Uvalde, Texas. All victims were killed by an 18-year-old gunman who is now also dead.
The National Rifle Association’s annual meeting is in Houston, Texas, on Friday. Both Texas Gov. Greg Abbott and seditionist Donald Trump will be speaking.
Three Southern states are holding primaries Tuesday, while Texas is hosting runoffs for races where no candidate earned a majority of the vote in the March 1 primary. Minnesota is also conducting primaries for an Aug. 9 special election to fill the vacant 1st Congressional District.
We’ll be liveblogging the results here and also covering the returns closely on Twitter.
Yesterday, Henry Kissinger said that Ukraine should trade land for peace, that everyone should be nicer to Russia, and that attempting to actually force Russia to surrender the territory it occupies within Ukraine would be “not be about the freedom of Ukraine, but a new war against Russia itself.” Even though none of that war would actually be in Russia.
The congressman lived to fight another day in Alabama after Trump’s rebuke.
Twitter users call out Abbott after the mass shooting at an elementary school in Texas.
There are reports on Tuesday that Russian forces have occupied the town of Lyman after an extended period of heavy combat that saw the town attacked from three sides. Those on-the-ground reports appear to be confirmed by high-resolution satellite imagery and by the NASA FIRMS data which, after several days of rain in the area, cleared up over the last few days to show a pattern that seemed familiar from some other sites that have fallen.
“Aren’t you slated to headline a speaking gig for the NRA in three days?” Democratic Rep. Alexandria Ocasio-Cortez replied.
The West Virginia Democrat reiterated his opposition to doing away with the Senate rule after the elementary school shooting in Ulvade, Texas.
“Like everyone, and I’d say especially like every parent, I am of course saddened and horrified by the latest mass shooting-murder. My sympathies to all,” James Fallows, a longtime correspondent for this magazine, wrote nearly a decade ago on July 20, 2012. That day, a gunman had opened fire on theater-goers in Aurora, Colorado. A dozen people were dead.
Thoughts and prayers. It began as a cliché. It became a joke. It has putrefied into a national shame.If tonight, Americans do turn heavenward in pain and grief for the lost children of Uvalde, Texas, they may hear the answer delivered in the Bible through the words of Isaiah:“And when ye spread forth your hands, I will hide mine eyes from you: yea, when ye make many prayers, I will not hear: your hands are full of blood.
“White House Walks Back Biden Taiwan Defense Claim for Third Time in Nine Months” was the patronizing headline the New York Post applied to its report on President Joe Biden’s Taiwan comments at a regional summit in Tokyo. The story line was preset: semi-senile president blurts unscripted comment, is corrected by his staff minders.But if you reread Biden’s repeated comments on Taiwan, you see a policy that is clear, considered, and consistent.
I never attended Ranger School, the U.S. Army’s nine weeks of unadulterated misery in woodland, mountain, and swamp. But I know plenty of those who have, and they have all reported the same thing: The instruction they received in patrolling and minor tactics was insignificant compared with the lesson they learned in perseverance, to “complete the mission though I be the lone survivor,” in the words of the Ranger Creed.
Sign up for Molly’s newsletter, Wait, What?, here.The teenagers are not all right, but then again, neither are the adults. Pandemic life has been profoundly jarring, and every generation has felt it. I hear about people fighting on airplanes and an increase in violent crimes, then I attend my Alcoholics Anonymous meetings on Zoom and try to figure out why going back to “normal” is so hard.
President Biden is on his first trip to Asia as president to meet with other leaders from the “Quad” — Japan, India and Australia — as part of efforts to counter China’s growing power in the region. During the trip, Biden has contradicted longstanding U.S. policy of “strategic ambiguity” on Taiwan by vowing to defend it militarily if China attacks.
We look in depth at “The Ransom,” a new series in The New York Times that details how France devastated Haiti’s economy by forcing Haiti to pay massive reparations for the loss of slave labor after enslaved Haitians rebelled, founding the world’s first Black republic in 1804. We speak with historians Westenley Alcenat and Gerald Horne on the story of Haiti’s finances and how Haitian demands for reparations have been repeatedly shut down.
Ashish Jha said he doesn’t expect monkeypox will become a particularly big threat.
The findings come as a Louisiana judge issued a preliminary injunction on Friday blocking the administration from ending the order on Monday.
Telemedicine groups are looking to bolster privacy protections ahead of Roe decision.
Despite high inflation, the U.S. is “moving from the strongest economic recovery in modern history to what can be a period of more stable and resilient growth,” Brian Deese said.
On a month-to-month basis, prices rose 0.3% from March to April, a still-elevated rate but the smallest increase in eight months.
Rates this year could reach their highest levels since before the 2008 Wall Street crash if surging prices continue.