Turkey’s Recep Tayyip Erdogan is facing a shock defeat at the ballot box against the main opposition party amid rampant inflation and the highest borrowing costs since the president swept to power more than two decades ago. Erdogan’s AK Party fell behind the main opposition Republican People’s Party, known as CHP, in Sunday’s municipal elections … Read more
Senate Republican leaders made clear Monday that a quick deal on border security is out of reach before the Christmas holiday, all but guaranteeing votes on Ukraine and Israel aid will be punted to next year. “That’s not going to happen,” John Thune, the No. 2 Senate Republican, said of a vote this week on … Read more
President Joe Biden has offered changes to US border policy that raises the prospects of a bipartisan deal on immigration and aid to Ukraine, Republican senators said Wednesday. Republicans met behind closed doors to evaluate the verbal offer, which emerged after Homeland Security Secretary Alejandro Mayorkas met with senators for nearly two hours Tuesday evening. … Read more
I’m Chris Anstey, a senior editor in Boston, and today we’re looking at why the US budget deficit doubled despite a strong economy. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economics enterprise reporter Rich Miller assesses the impact of higher bond yields. Sign up here and follow us at @bpolitics. Email our editors here. What happens on Wall Street doesn’t stay on Wall Street. And that’s why the recent … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economics enterprise reporter Rich Miller looks at how a jump in bond yields may shape comments by Fed chief Jerome Powell. Sign up here and follow us at @bpolitics. Email our editors here. Whenever a lawmaker asks Jerome Powell … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, congressional reporter Steven T. Dennis looks at the tasks still ahead in the House. Sign up here and follow us at @bpolitics. Email our editors here. The drama in the US House won’t end once Republicans decide what to … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, White House and politics reporter Gregory Korte considers what’s next in the speaker saga. Sign up here and follow us at @bpolitics. Email our editors here. Republicans nominated Jim Jordan, a Donald Trump loyalist, to be speaker in the … Read more
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House Speaker Kevin McCarthy said he wants to avoid a US government shutdown because it would undermine his party’s leverage in negotiations over spending cuts sought by Republicans. “I want to make sure we don’t shut down,” McCarthy said on Fox News’ Sunday Morning Futures. “I don’t think that is a win for the American … Read more