Politics

White House anxiously watches Ukraine’s counteroffensive, seeing the war and Biden’s reputation at stake
U.S. officials do not know if lawmakers will greenlight more funding for Ukraine when the current tranche runs out. Any initial missteps in the counteroffensive, administration officials fear, could empower House Republicans to scuttle efforts by their Senate counterparts to boost defense spending. Anxiety is also growing in Washington as Ukrainian elements are striking deep… […]

On the tee, from Washington: Bipartisan anger over Saudi golf mega-deal
Scores of members of Congress have criticized the golf mega-merger, warning that it would help consolidate the Saudi government’s U.S. influence despite deep bipartisan concerns about its human rights record. “If the three major auto companies in America decided to merge, the Department of Justice would be all over it. That’s what we have here,”… […]

Republicans fail to get top recruit for Wisconsin Senate
Gallagher had met with the National Republican Senatorial Committee and its chair, Sen. Steve Daines (R-Mont.), who was particularly eager to land him and saw him as the strongest prospective challenger. The committee released polling it commissioned in late May showing Gallagher just 1 percentage point behind Baldwin in a survey of likely voters. A… […]
Economy

Investors are turning bearish on the U.S. dollar as Trump tariffs loom
Foreign currencies advertised in a window in Times Square, one of New York’s and the nation’s top tourist attractions, on March 28, 2025. Spencer Platt | Getty Images The rollout of U.S. President Donald Trump’s tariffs regime is dampening sentiment toward the dollar and prompting investors to look elsewhere for their foreign exchange (FX) trades […]

Europe’s pharma industry braces for tariffs as carve-out hopes fade
SEIZED OZEMPIC, WEGOVY AND OTHER WEIGHT LOSS DRUGS AT JFK AIRPORT’S INTERNATIONAL MAIL FACILITY. CNBC COPENHAGEN, Denmark — Europe’s pharmaceutical sector is bracing for the potential impact of U.S. tariffs as hopes of an industry-wide exemption by U.S. President Donald Trump fade. The pharmaceutical industry has until now been exempt from trade levies, but Trump […]

Locked in a trade balancing act with the U.S., the UK hopes it can escape some Trump tariffs
British Prime Minister Keir Starmer and U.S. President Donald Trump shake hands during a joint press conference in the East Room at the White House, Feb. 27, 2025 in Washington, D.C., U.S. Carl Court | Via Reuters As countries around the world brace for the implementation of U.S. President Donald Trump’s trade tariffs and with […]