From the States
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Everyday Economics: The Fed's balancing act: Why this week matters more than you think
The latest PCE inflation reading came in at 2.1% in April, well below the Fed's March projection of 2.7% for 2025. Core PCE inflation, the Fed's preferred measure, sits at 2.5% – also below their 2.8% forecast.
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Protests grow violent late Saturday on West Coast
In Portland, Ore., violent protesters threw fireworks, smoke grenades and rocks at federal law enforcement officers and forcibly entered a U.S. Immigration and Customs Enforcement facility, authorities said. At least three people were arrested.
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Manhunt for Minnesota shooter continues, wife subject of reported traffic stop
KSTP reported that Boelter’s wife was the subject of a traffic stop at a convenience store located near Onamia late Saturday morning in a vehicle carrying at least three other relatives of the accused shooter.
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Proposed legislation aims to fund US-made drones for first responders by taxing China-made drones
The Drones for First Responders Act was introduced by Reps. Rob Wittman, R-Va., Elise Stefanik, R-N.Y., and Darin LaHood, R-Ill. Up to 90% of drones used by U.S. fire, police and emergency agencies are made in China.
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Speaker Johnson touts rescissions packages to codify DOGE cuts: 'First of many'
“Every dollar matters. We are serious about this. The Republican Party is doing everything we can to be careful stewards,” Johnson said during a news conference. “This rescission package is a critical step, and it's one of many.
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NH Gov Ayotte signs parental bill of rights bills into law; requires schools to disclose more
New Hampshire schools will be blocked from withholding information about students' behavior, health or sexual orientation under a parental bill of rights package signed into law by Gov. Kelly Ayotte on Tuesday.
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DeSantis admin tells newspaper stop alleged coercing sources for story linked to state's first lady
The foundation behind Florida first lady Casey DeSantis's signature initiative is under investigation.
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Second Amendment Foundation weighs in on lawsuit challenging Illinois assault weapons ban
SAF contends the bill violates the Second Amendment rights of the people of Illinois and argues the government cannot ban those arms simply because they do not like the features that they may possess.
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Pritzker prepares to testify before US House committee on Illinois’ migrant sanctuary policies
Pritzker is taking part in a hearing before the U.S. House Committee on Oversight and Government Reform on June 12, alongside Minnesota Gov. Tim Walz and New York Gov. Kathy Hochul.
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Group at the center of initial anti-ICE protests funded by California, federal government
The federal funding was terminated by the Trump administration, but the State of California provides extensive funding for immigration services.
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DeSantis offers plan to eliminate property taxes for poor, rural Florida counties
His estimate of how much this would cost Florida taxpayers would be about $300 million per year, a drop in the bucket of the nearly $50 billion in general fund spending.
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NYC Mayor Adams adopts Holocaust group’s definition of antisemitism
“Antisemitism is a vile disease that’s been spreading across our nation and our city," Adams said in remarks Sunday at the Tribeca Synagogue in Lower Manhattan standing alongside Dr. Phil McGraw.
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Lawsuit from professor called racist for saying ‘mob’ moves forward
A Foundation for Individual Rights and Expression (FIRE) release stated that “professor Jack Lipton scored a victory for free speech last week after a federal court allowed his lawsuit to move forward against two Michigan State University trustees who he claims not only urged students to call him racist, but told them how to phrase it.”