Is John Cornyn Trying To Sabotage Ken Paxton?

GDP Shocker: 75% Of US Growth In The First Quarter Was Due To AI On the surface, today's Q1 GDP print was unremarkable: Real GDP grew 2.0% annualized in the first quarter, somewhat below consensus expectations of 2.3% and reflecting a surprisingly small rebound in government spending after the shutdown drag in Q4. Federal government spending contributed only half as much to real GDP growth in Q1 (+0.6%) as it subtracted in Q4 (-1.2%), implying that the level of real federal government spending in Q1 is 2.2% below its level...

Support For Germany's AfD 'Firewall' Plummets As Voters Call To Bring Party In From The Cold Via Remix News, Germany's long-running "firewall" that sees the country's legacy parties exclude cooperation with the right-wing Alternative for Germany (AfD) is moving further out of step with a large section of the electorate, with new polling showing voters now evenly divided over the governing CDU's refusal to work with the nationalist party. Alice Weidel (AfD), federal chairwoman and parliamentary group leader, walks past Federal Chancellor Friedrich Merz (CDU) in the plenary session of the German...

BOJ Keeps Rates On Hold In Rare 6-3 Vote Split As It Warns Of Looming Stagflation In the first G5 central bank announcement of the week, overnight the Bank of Japan held its benchmark interest rate in a 6-3 vote, despite forecasting a sharp rise in inflation as the war in the Middle East sends commodity prices higher and clouds the global economic outlook while testing Japan's given its exposure to rising energy prices. While the decision on Tuesday to keep rates at about 0.75% was in line with market expectations,...