House Democrats split on Biden ahead of key meeting
Washington insiders report a divided House Democratic caucus without consensus on whether President Joe Biden should seek a second term. Some call for stepping aside as Biden pushes unity and rallies donors, while others defend his candidacy amid age concerns and recent debate performances.
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Harris as Biden replacement tops potential Democratic open primary
The piece analyzes Kamala Harris as the strongest successor option if Biden steps aside. It notes her incumbent credibility, fundraising edge, and party base support, while mentioning rivals like Newsom Whitmer Shapiro and Pritzker. It cites strategists highlighting Harris as best to carry Biden legacy.
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Powell testimony leaves markets little changed
Wall Street closed mixed after Federal Reserve Chair Jerome Powell testified to Congress. Stocks ticked higher on the S&P 500 and Nasdaq while the Dow eased, as traders signaled a ~70 percent chance of a rate cut by September and yields inched up on the 10 year note. Powell warned rate cuts must be timely to avoid weakening the economy and jobs, noting inflation remains above target even as it eases.
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Target ending personal checks at stores July 15
Target will stop accepting personal checks, citing extremely low volumes. The move, announced to The Associated Press, shifts checkout to credit and debit cards, buy now pay later, and Target Circle. Check usage has fallen for decades with cash ATMs and digital payments gaining traction.
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