CPI Shows U.S. Inflation Remains Muted as Tariff Impact Is Limited
The Consumer Price Index rose 2.4 percent in May, from a year earlier, a reading that reflects only the initial impact of President Trump’s tariffs. Source link
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Senate Republicans Want to Trim Some of Trump’s Tax Cuts in Domestic Policy Bill
G.O.P. senators are considering whether to further curb the president’s favorite tax cuts as they rewrite key portions of the sprawling domestic agenda bill passed by the House. Source link
New China Trade ‘Deal’ Takes U.S. Back to Where It Started
If a handshake agreement holds, it would merely undo some of the damage from the trade war that President Trump started. Source link
Musk Called Trump Privately Before Posting Message of ‘Regret’
It remains to be seen how Mr. Trump will handle the attempted rapprochement and whether the two men’s relationship can be restored. Source link
Trump’s Pick to Lead the F.A.A. Faces Senate Grilling
Bryan Bedford, President Trump’s nominee to lead the Federal Aviation Administration, told senators on Wednesday that he would make air travel safety his top priority if confirmed as the agency’s next administrator. Mr. Bedford, who spent decades running and revamping regional commercial airlines, pressed his credentials before the Senate Committee on Commerce, Science and Transportation…
Washington Post Names Adam O’Neal as Opinion Editor
The Washington Post said Wednesday that it had hired Adam O’Neal, a correspondent from The Economist, to be its next opinion editor. Mr. O’Neal will be charged with carrying out a new direction for the section laid out by Jeff Bezos, the owner of The Washington Post: to champion “personal liberties and free markets.” Before…
How Immigrants and Labor, Long Joined in L.A., Set the Stage for Protest
Los Angeles is a city of immigrants. It is also a city of unions. And in California, those two constituencies have essentially melded into one. So it should come as no surprise that federal immigration raids on workplaces around Los Angeles County this week set off the largest protests to date against President Trump’s immigration…
The House’s Policy Bill Would Lose Money. Could Trump’s Tariffs Replace It?
Over the past few months, after President Trump imposed wave after wave of tariffs, companies began paying billions more to bring goods into the country. In May, the Treasury collected more than $22 billion in tariff payments, data released on Wednesday shows, a record high. The income figures are among the first concrete indicators of…
How the UK Plans to Boost Its Economy
The British government announced on Wednesday hundreds of billions of pounds in spending on defense, health care and investment in infrastructure and housing, as it laid out its economic priorities for the next few years. Rachel Reeves, the chancellor of the Exchequer, presented a breakdown of the public finances in Parliament, detailing how much money…
Richard Beattie, Who Helped Pioneer Private Equity Takeovers, Dies at 86
Richard Beattie, a mergers lawyer who helped pioneer private equity takeovers — work that was immortalized in the much-lauded book “Barbarians at the Gate” — and who served in Washington and New York City government, died on Friday at his home in Manhattan. He was 86. His daughter Lisa Beattie Frelinghuysen said the cause was…