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Politics

What should be done to address the funding issues facing the Department of Homeland Security?

Secretary Markwayne Mullin warned Tuesday that the Department of Homeland Security (DHS) will run out of emergency cash by May, and said that Democrats must either agree to fund the department or explain why they want “open borders.” President Donald Trump earlier approved emergency funds from the One Big Beautiful Bill Act to pay Homeland

United States
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Geopolitics

What does the status of the Strait of Hormuz mean for our trade and safety?

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: Iran says the Strait of Hormuz is open — but there’s no peace deal yet, and there are plenty of unanswered questions. Here’s what we […]

Global
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Economy

What are the important things we should consider about Kevin Warsh's nomination as Fed chair?

At Kevin Warsh's Fed confirmation hearing today, Republicans will cast him as a change agent ready to shake up a tradition-bound institution. Driving the news: In remarks introducing Warsh obtained by Axios, Sen. Dave McCormick (R-Pa.) will say the onetime Fed governor "brings a reformer's heart" and "will shake up a stagnant institution at a time when change is sorely needed." It echoes some of Warsh's own criticisms of the Fed, saying that the central bank "must not be ruled by pointy-headed economists poring over outdated models and reams of market data."Democrats on the Senate Banking Committee plan to focus on potential conflicts of interest stemming from Warsh's expansive portfolio, which includes some investments that could be affected by Fed policy. They also intend to question his independence from President Trump. State of play: Warsh's nomination is broadly supported by Republicans and opposed by Democrats — putting his confirmation on track to be a more partisan affair than in the past. Just four years ago, Jerome Powell received 80 votes in favor of his confirmation. Alan Greenspan was confirmed five times by voice vote.Still, Republicans have the votes to confirm Warsh — or will, that is, if a Justice Department investigation into Powell that is ostensibly about the Fed's over-budget building renovation is resolved.Sen. Thom Tillis says the investigation is a pretext to pressure Powell over monetary policy — a view shared by a federal judge as well as Powell himself. Tillis has pledged to block Warsh's passage through the banking committee until the investigation is dropped. Zoom out: Powell's term is up May 15 and the Trump administration is eager to get him out. McCormick's planned introduction shows the support he has among Republican senators. What they're saying: "If confirmed, Kevin will inherit a Federal Reserve in need of repair and confronting serious uncertainty," McCormick will say, noting "an overextended balance sheet; a poor record on inf

United States
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Education

How should states balance educational programs with religious beliefs in public funding?

The U.S. Supreme Court has agreed to take up a major case involving Colorado’s alleged infringement of Catholic families’ First Amendment rights. The high court announced on Monday that it will hear arguments in St. Mary Catholic Parish v. Roy, which centers around Colorado’s apparent exclusion of Catholic families and preschools from its “universal” preschool […]

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Geopolitics

What responsibilities do countries have in ensuring safety in the Hormuz Strait?

US President Donald Trump on Saturday said countries that rely on oil carried through the Hormuz strait should take responsibility for keeping the passage open, with American help. Global oil prices have surged by 40 percent as Iran has choked off the vital sea passage and attacked Gulf energy facilities since US-Israeli strikes launched the war on Iran

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