Fed cautious on trade but sees path for growth
Fed Chair Jerome Powell defended deference to the Trump administration on trade while signaling concern over tensions. In congressional testimony and a TV interview, he warned that rising tariffs could reduce investment, lower wages, and slow productivity, even as the economy remains poised for years of growth. Beige Book accounts from regional banks show solid activity but widespread worry over tariff-driven price increases and uncertainty.
MENTIONED IN THIS ARTICLE
Washington Federal Reserve
Jerome Powell
U.S
Trump
Fed
Central Banker
Powell
House
Senate
Russian agent Butina jailed before trial in U.S.
Maria Butina, a 29 year old Russian national and gun rights advocate, was ordered jailed in Washington until her trial on conspiracy charges to establish a back channel between Russians and American politicians. Prosecutors allege ties to Russia's intelligence services and oligarchs. An autopsy of the fraud case involves a U.S. political operative who lived with Butina and helped access influential Americans. the unnamed man matches Paul Erickson, linked to Republican campaigns and the NRA. Butina pled not guilty and offered to help in the South Dakota fraud probe, but the judge found no bail conditions could ensure her return to court. The hearing, attended by Russian consular officials, noted she could flee to the Russian Embassy if freed. Prosecutors said Butina offered sex for a position within a special-interest group on at least one occasion.
MENTIONED IN THIS ARTICLE
Washington
U.S
Russia
Maria Butina
Butina
United States
South Dakota
Rising liver disease deaths prompt calls for reduced drinking
A British Medical Journal study finds U S deaths from cirrhosis up 65 percent from 1999 to 2016 and liver cancer deaths doubling, driven mainly by alcohol use. Expert Elliot Tapper warns heavy nightly drinking raises cirrhosis risk.
MENTIONED IN THIS ARTICLE
United States
Elliot Tapper
University of Michigan
House backs measure praising ICE amid immigration debate
The House voted 244 to 35 to back U S Immigration and Customs Enforcement amid a split within Democrats over abolishing ICE. Most Democrats chose present, while Republicans argued the move protects borders and frontline law enforcement against calls for open borders.
MENTIONED IN THIS ARTICLE
House
Nancy Pelosi
D-Calif
Congressional Hispanic Caucus
Clay Higgins
R-La
Steny Hoyer
D-Md
Higgins
America
Biofuel groups press EPA to curb refinery waivers
At a New York hearing on the 2019 Renewable Fuel Standard, biofuel groups urged the EPA to halt or scale back small refinery waivers that exempt those processing under 75,000 barrels per day. They say waivers reduce biofuel demand and create investment uncertainty while noting the shift in ethanol blending and credit market volatility.
MENTIONED IN THIS ARTICLE
New York
Environmental Protection Agency
Michigan
RFS
EPA
Scott Pruitt
Lucy Norton
Iowa Renewable Fuels Association
LeAnn Johnson
Johnson
PBF Energy
Valero
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Inter
Hon
Reuters Federal Reserve
House Financial Services Committee
Washington, D.C
Los Angeles
Yosemite National Park
Ferguson
U.S. Forest Service
Robert Wilkie
Department of Veterans Affairs
Donald Trump
Ette Wir
Immigration
Washington Post
U.S. Immigration and Customs Enforcement
ICE
Homeland Security
Sffordable Dai
Reuters
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