Debate

• The Federal Reserve released minutes from its April 16 policy meeting, revealing internal division over the appropriate timeline for interest rate cuts, with several governors questioning whether inflation has declined sufficiently to warrant near-term reductions. • Hawks on the committee expressed concern that premature rate cuts could reignite price pressures, while doves argued that pausing at 5.5% risks unnecessarily constraining growth and employment, setting the stage for a contentious May 2 vote. • Market reactions to the minutes were mixed, with bond futures pricing in only a 28% probability of a rate cut by July 2026, down from 35% before the release, while equity index futures declined 0.6% on expectation of extended higher rates.

• The U.S. House of Representatives is voting on historic impeachment articles against President Trump, escalating political tensions. • The proceedings, labeled 'TRUMP IMPEACHMENT LIVE,' involve key Democrats and Republicans debating charges related to recent executive actions. • This development could lead to Senate trial, impacting midterm election strategies and party unity.

Six candidates clashed over homelessness and cost of living crisis in first debate since Eric Swalwell’s exit – with a clear frontrunner still yet to emergeSix candidates vying to become the next governor of California sparred on Wednesday in the first debate since the already topsy-turvy race was plunged into upheaval by the sudden collapse of former congressman Eric Swalwell’s campaign after sexual assault and misconduct allegations.With a clear frontrunner still yet to emerge, the unusually wide-open race to replace the outgoing governor Gavin Newsom in the heavily Democratic state has left nearly a quarter of voters undecided ahead of the 2 June primary. Continue reading...

Exclusive: Opinions split on ‘unprecedented’ release of files, despite demand for ‘all papers’ related to ex-US ambassador’s appointmentSenior government officials have been considering whether to withhold from parliament sensitive documents that show Peter Mandelson had failed security vetting before he assumed the role of US ambassador, the Guardian can reveal.Any such decision could amount to an extraordinary breach of a parliamentary vote which ordered the release of “all papers” relevant to Mandelson’s appointment. Continue reading...

Donald Trump says he is ‘working very hard’ with House Republicans to extend Section 702 without changesUS politics live – latest updatesA controversial law that grants the US government sweeping powers for warrantless surveillance is set to expire next week. Replacing it has inspired fierce debate within the White House and Congress, including a scheduled vote cancelled the day of.A coalition of progressive Democrats and far-right Republicans is pushing for reform of Section 702 of the Foreign Intelligence Surveillance Act (Fisa), but they face strong bipartisan opposition from lawmakers advocating for an 18-month renewal with no changes, in line with Donald Trump’s demands. House GOP leaders delayed a procedural vote on a clean extension of Section 702 on Wednesday, after the chamber’s rules committee approved the measure on Tuesday night. Republican leadership was expected to bring the measure to the floor on Wednesday but canceled the scheduled vote, amid dissent from privacy advocates in their own party. Legislative action on the bill could still occur later in the day, as Republicans address their internal disagreements. Continue reading...

• Recording Academy announced new 'Best AI-Generated Performance' category for 2027 Grammys on April 9 in LA. • Category sparked backlash from artists like Billie Eilish, who called it 'a slippery slope' in statement. • 12,000+ submissions expected, with eligibility requiring human oversight per new rules.

• The U.S. House of Representatives is conducting a historic floor debate on articles of impeachment against President Donald Trump, which could make him only the third president in American history to be impeached. • Democrats and Republicans are clashing intensely over the charges during live proceedings, with a vote expected later today that carries significant implications for the Trump administration. • The White House has vehemently denied any wrongdoing, labeling the inquiry a partisan witch hunt amid concerns about the political landscape ahead of the next election.

Policy is still divisive two years in, with SPD hailing it while CDU minister claims it is risk to young people’s healthGermany is divided over how the legalisation of cannabis two years ago is going, with critics and proponents at odds over its impact on consumption, youth welfare and organised crime.On 1 April 2024 the previous centre-left-led government made Germany the first big EU country to legally allow personal recreational use of cannabis for over-18s. Continue reading...