US Debt Matters, But The Euro Area May Create The Next Crisis

Countdown Begins: Former Central Bank Advisor Warns Food-Price Shock Could Hit "Within 6 To 9 Months" Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center and a former advisor at the Bank of Russia, warned on X that the near-shutdown of the Strait of Hormuz has triggered an energy shock that risks morphing into a "slower, more consequential story": fertilizers. "A near-shutdown of the Strait of Hormuz is triggering a supply shock that will show up in food prices 6–9 months from now," Prokopenko wrote on X, adding, "Putin's gains...

House Defies Trump By Advancing $8BN New Ukraine Aid Package Late Wednesday saw President Trump receive a rare and much belated rebuke from the House of Representatives as it voted to pass a war powers resolution related to Iran. The passed resolution directs the withdrawal of US troops from armed hostilities with Iran, in a closely divided 215–208 vote, aided by four Republicans. But this wasn't the only Trump-defying vote that took place Wednesday, as The Hill reports: "Six Republicans joined Democrats on Wednesday to push through a vote on military aid...

30 House Dems Demand US Confirmation That Israel Has Nuclear Arsenal In the latest indication that Israel's position in American politics is growing increasingly shaky, a group of 30 House Democrats have co-signed a letter to Secretary of State Marco Rubio, demanding that the US government finally acknowledge the existence of Israel's nuclear arsenal. It's a milestone event: For decades, both parties have diligently co-conspired in avoiding such a confirmation, typically claiming ignorance on the rare occasions when journalists or citizens asked them about it. MUST SEE: For many years, journalist...