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Axios
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- Scoop: Inside Bessent's Situation Room confrontation with Lutnick over China chip security
Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over a failure to place Nvidia customer Megaspeed on a list of companies that pose national security concerns, sources familiar told Axios. Why it matters: The Commerce Department oversees the export of sensitive U.S. technologies and Lutnick's actions — or lack thereof — are increasingly under scrutiny following revelations that Nvidia CEO Jensen Huang had an affair with Megaspeed employee and suspected Chinese spy Alice Huang. Driving the news: At a White House Situation Room meeting on Thursday after the midterm…
- Don Leonard isn't a House member yet. He's already rocking Capitol Hill.
- Dems put Noem on notice
- The AI industry's week from hell
- House GOP bets on MAGA "fighter" Jim Jordan
- Scoop — Stephen Miller's post-midterm focus: MAGA and men
- The Democratic leadership revolt has a glaring problem
- "Rome is burning": Incoming House Democrats prove unusually willing to defy leaders
- Scoop: Commerce Department received national security warning on Nvidia CEO affair
- Trump swung between war and diplomacy — then chose a third way
When Secretary of State Marco Rubio met with his G7 counterparts in Paris on Tuesday, he told them that President Trump had considered resuming the war with Iran or cutting a deal — but chose a third option: strangling the Iranian regime, three people who attended the meeting told Axios. Why it matters: The Iran war has become a political albatross in Trump's second term, costing Republicans dearly in the midterms. For months, the president has alternated between threatening to obliterate Iran and predicting it will capitulate and give him the deal he wants. "He's been searching for the…
- GOP House rejects Hegseth impeachment effort
- Credit card debt hits record high as Americans struggle with cost-of-living
- 3 charged with plotting terror attacks in U.S., Europe
The U.S. charged three individuals in connection with alleged Iranian-linked terror plots, including a September scheme against a British Royal Air Force Base that housed U.S. military personnel and aircraft, per an indictment unsealed Tuesday.The big picture: The indictment alleges that a leader of an Islamic terrorist group attempted to coordinate with his fellow defendants from jail by passing coded messages through third parties. Driving the news: Since early in the year, the three men named in the indictment worked to commit terror attacks on behalf of an Iran-aligned terrorist network,…
- Jim Jordan wins House GOP minority leader race
- The Atlantic can pursue FBI records in fight with Kash Patel
- Harsh new inflation reality
America's inflation problem is stubborn, broadening out and showing no sign of letting up.Why it matters: October marked the third straight month of hotter-than-expected inflation, defying repeated predictions over the last couple of years that price pressures were finally about to ease. In this sixth consecutive year of steep price increases, consumers are finding there is nowhere to hide from inflation. The Iran war has added to the pain, but other factors — tariffs and the AI investment boom — have also put upward pressure on costs, complicating an affordability problem that long predates…
- Vance says Hegseth impeachment vote "isn't about Iran"
- Pressure builds on Thune ahead of GOP leadership elections
- Price pressures persisted in October
- Hegseth comes out swinging against Massie impeachment push
- The path ahead for the permitting bill
- Trump plans imperial final act to his presidency
- How a MAHA leader turned and torched the White House
- The blue wave's tough-on-crime surprise
- Scoop: El Salvador blasts U.S. State Dept. over Haiti gang war
- How Nvidia's crisis and politics could deliver the pause AI leaders want
- AI stocks bounce back — with one notable exception
- The new battle for Congress: Trump's veto
- House Dems size up 2028 Senate map after midterm landslide
- France says Iranian hackers sabotaged supermarket refrigerators
- Sex, secrets and spies: The history of suspected honey traps
- Trump: New Iran attacks "quite unlikely"
President Trump said Monday that a renewed military campaign against Iran is "quite unlikely" and "doesn't seem to be necessary."Why it matters: Trump stopped short of saying the war was over, but his comments on Truth Social and at an impromptu press conference were the furthest he went in that direction since February. Trump made his comments less than a week after conceding that the war was one of the reasons Republicans lost the midterm elections.Driving the news: The president in recent days has been weighing three options: launch new strikes, continue to strangle Iran's regime…
- What we know about the mystery woman at the center of Nvidia's spy scandal
- Hegseth faces impeachment resolution from a GOP member with little to lose
- Democrats' 2028 presidential auditions begin in Denver
- Nvidia has no obvious successor to Jensen Huang — and that's a problem
- White House cautiously upbeat about Russia-Ukraine peace talks this week
The White House is "cautiously optimistic" as peace talks between Russia and Ukraine resume in Abu Dhabi this week, U.S. officials said on Monday. Why it matters: The talks on Tuesday and Wednesday will be the first time the parties have met with U.S. mediators present since February, when they were suspended due to the war in Iran.White House envoys Steve Witkoff and Jared Kushner have worked for weeks to convince Russian President Vladimir Putin to restart negotiations. President Trump and his team hope Putin will be more willing to compromise after the U.S. lifted sanctions on Russian…
- Republicans' final weeks in power may be consumed by fights they don't want
- Low unemployment, but job worries persist
Americans have conflicting views of the job market: They are more worried about unemployment rising nationwide, even as they are more confident that they could find another job if they lost their own.Driving the news: The perceived probability that unemployment will rise over the next year climbed to 45.3% in October, the highest since April 2020, according to the New York Fed's Survey of Consumer Expectations — an increase driven by those without a college degree.Yes, but: The perceived probability of finding another job if one lost their current position rose to 46.5%, the highest in about…
- Oil prices and bond yields no longer moving together