Aggregating and archiving news from both sides of the aisle.

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Something is breaking in financial markets — Here's what's behind the sell-off

Preview: The pain of recognition was acute for Wall Street on Tuesday, with major averages down sharply across the board.

House ousts Kevin McCarthy as speaker, a first in U.S. history

Preview: It was not clear who would replace McCarthy, who was elected speaker in January after Republicans won control of the House in the 2022 midterm elections.

Bill Gross says the surging 10-year Treasury yield could test 5% in the short term

Preview: One-time bond king Bill Gross believes Treasury yields have the potential to shoot even higher in the short run.

Ripple obtains full license to operate in Singapore as it expands in Asia-Pacific

Preview: Ripple said on Wednesday that it has obtained a full license to operate in Singapore, a strategic step toward growing its presence in the Asia-Pacific region.

TikTok halts e-commerce service in Indonesia following ban

Preview: This comes after Indonesia imposed a one-week deadline for TikTok to become a standalone app.

A fresh haircut and ready for court: Day one of Sam Bankman-Fried's criminal trial

Preview: Former crypto titan Sam Bankman-Fried faces charges of fraud and money laundering related to the collapse of his crypto exchange, FTX.

Mortgage rate races toward 8% after hitting a high not seen since late 2000

Preview: Mortgage rates follow loosely the yield on the 10-year Treasury, which has been climbing this week.

Judge issues gag order in Trump fraud trial after ex-president posts about law clerk

Preview: Former President Donald Trump, who glared at NY Attorney General Letitia James on the tense first day of the trial, is present in the courtroom again for Day 2.

Here's who might testify in Sam Bankman-Fried fraud trial: Parents, ex-girlfriend Ellison, Scaramucci

Preview: Friends, family members, and investors were all named in a list of potential witnesses.

How Meta and Apple are navigating uncertain terrain in Europe and China

Preview: Club holdings Meta Platforms and Apple made headlines Tuesday, and the reports suggest both tech giants are adapting to complicated operating environments.

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McCarthy on if he'll remain in Congress: 'I'll look at that' 

Preview: Rep. Kevin McCarthy (R-Calif.) said he will "look" at remaining in Congress after a group of Republicans voted with House Democrats Tuesday to remove him as Speaker. ‘I’ll look at that,” McCarthy said when asked at a press conference if he will remain in Congress. McCarthy did rule out considering another position with leadership. "There's...

Ramaswamy says chaos not 'a bad thing' after McCarthy ousted as speaker

Preview: Presidential candidate Vivek Ramaswamy agreed with those attacking Republicans who removed Rep. Kevin McCarthy (R-Calif.) from the Speakership on Tuesday, but said the resulting chaos is actually a good outcome. “The point of removing the House Speaker was to sow chaos. That's what the critics of Matt Gaetz and everybody else is saying,” Ramaswamy said...

Gaetz hits back at McCarthy claim that critics are 'not conservatives'

Preview: Rep. Matt Gaetz (R-Fla.) shot back at Rep. Kevin McCarthy (R-Calif.) after the former Speaker said the Republicans who voted to oust him Tuesday “don’t get to say they’re conservative because they’re angry and chaotic.” Gaetz led a group of eight Republicans who voted with all House Democrats to pass a motion to vacate the...

McCarthy criticizes Republican ousters as 'not conservatives'

Preview: Former House Speaker Kevin McCarthy took a swing at Republicans who helped oust him from the Speakership Tuesday, saying at a press conference that "they are not conservatives." "They voted against, one, the greatest cut in history that Congress has ever voted for. They voted against work requirements. They voted against border security," McCarthy said....

McConnell thanks McCarthy for service to nation

Preview: Senate Republican Leader Mitch McConnell (R-Ky.) thanked former Speaker Kevin McCarthy (R-Calif.) for his service to the nation after the embattled ex-leader announced he would not run again to serve as Speaker. McConnell often broke with McCarthy on key policy and political questions, but in the end praised what he called their “close working...

McHenry orders Pelosi to vacate Capitol office in one of first acts as Speaker pro tem 

Preview: Speaker Pro Tem Patrick McHenry (R-N.C.) ordered Speaker Emerita Nancy Pelosi (D-Calif.) to vacate her Capitol hideaway office so he could take it over, just hours after becoming acting Speaker, Pelosi’s office said Tuesday. McHenry became acting Speaker after Rep. Kevin McCarthy (R-Calif.) was ousted from the role Tuesday, the first time a Speaker has...

McCarthy's 'style of leadership’s gotta change,' says Republican lawmaker

Preview: Rep. Tim Burchett (R-Tenn.) on Tuesday criticized how former Speaker of the House Kevin McCarthy led while serving in the role he was ousted from on Tuesday. “His style of leadership’s gotta change,” Burchett said in an interview on The Hill on NewsNation. Burchett was one of eight Republicans who voted for a motion to...

Texas Republican will nominate Trump for Speaker of the House

Preview: Rep. Troy Nehls (R-Texas) announced late Tuesday he will file paperwork to nominate former President Trump to be the next Speaker of the House. “This week, when the U.S. House of Representatives reconvenes, my first order of business will be to nominate Donald J. Trump for Speaker of the U.S. House of Representatives,” Nehls said...

Emergency alert test set for Wednesday

Preview: Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story What to know about the federal emergency alert test The federal government is set to test its emergency alerts Wednesday, but there is no reason for alarm. © iStock U.S. televisions and cell phones will be bombarded with alerts Wednesday at 2:20 p.m....

McCarthy says he won't run for Speaker again after being ousted: recap

Preview: The House voted Tuesday to oust Speaker Kevin McCarthy (R-Calif.), a vote that hasn't taken place in more than 100 years. Rep. Patrick McHenry (R-N.C.) became interim House Speaker. Rep. Matt Gaetz (R-Fla.) followed through on his promises and moved Monday to force a vote on a motion to vacate. On Tuesday afternoon, the chamber...

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Race for the White House

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Trump's indictments

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'Couldn't believe it': Floridians emerge from Idalia's destruction with hopes to recover

Preview: After Hurricane Idalia made landfall on Wednesday, Florida communities are emerging to see its destruction with hopes and plans to recover.

Idalia downgraded to tropical storm after hitting Georgia, Carolinas, Florida: Updates

Preview: Downgraded to a tropical storm, what had been Hurricane Idalia powered across Georgia and the Carolinas on Wednesday evening.

Mitch McConnell to consult doctor after freezing, struggling to speak for second time this summer

Preview: The 81-year-old Republican Senate minority leader struggled to answer reporters' questions in Kentucky, requiring help and drawing questions about his health

LOOK: World record 92,003 fans watch Nebraska volleyball match at Memorial Stadium

Preview: Nebraska volleyball set a women's sports attendance record Wednesday night as 92,003 fans descended on Memorial Stadium to watch the match vs. Omaha.

At least 73 people dead after fire engulfs building occupied by the homeless in Johannesburg

Preview: At least 73 people died when a fire ripped through a multi-story building in Johannesburg overtaken by homeless people, authorities said Thursday.

Where did Idalia make landfall? Maps show damage, aftermath of storm's destructive path

Preview: As the storm moves away from the shore, it can cause an additional life-threatening hazard: inland flooding. Georgia and the Carolinas are at risk.

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Netflix Plans to Raise Prices After Actors Strike Ends

Preview: The company’s move is the latest in a series of recent price increases by the country’s largest streaming platforms.

Senators Probe TikTok's Executive Transfers From ByteDance

Preview: The senators want information about TikTok’s ties to its parent, including whether it disclosed recent personnel moves to the U.S. government.

Automakers Notch Double-Digit Sales Gains for Third Quarter

Preview: The car market has yet to see an impact from UAW strike-related factory shutdowns.

Meta Plans to Charge $14 a Month for Ad-Free Instagram

Preview: European users would have the option to pay a fee or agree to personalized ads, according to the company’s pitch to regulators.

Rivian's Quest to Build the Ultimate Truck Burns Through Billions

Preview: After a splashy debut, the EV maker has struggled to keep production up and costs down—and has been losing $33,000 for every vehicle sold.

PG&E's $6 Billion Plan to Prevent Wildfires Is in Peril

Preview: California regulators are likely to significantly restrict the number of power lines the company can bury in the coming years in favor of other ways to reduce fire risk.

Apple's Latest China Challenge: A Crackdown That Could Shrink Its App Store

Preview: Country’s push to register foreign apps threatens to remove Facebook, Instagram and X from iPhone App Store in China.

Meal-Kit Maker Blue Apron to Be Sold

Preview: The sale to food-delivery startup Wonder would end a disastrous six-year experiment with public ownership.

Oil Is Near $100. Shale Isn't Coming to the Rescue.

Preview: Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check.

Lina Khan Once Went Big Against Amazon. As FTC Chair, She Changed Tack.

Preview: The government’s antitrust lawsuit leaves out some allegations from a legal condemnation of Amazon that Khan wrote in law school.