Rep. John Conyers (D-MI) announced he is retiring after allegations of sexual misconduct on Tuesday. The Hill's Niv Elis explains the significance of this move in Washington.
Elis said this is a "really big deal," and wonders Conyers' announcement marks an incremental shift towards a zero-tolerance approach on Capitol Hill. Several women have come forward with allegations of sexual misconduct against the congressman. More claims surfaced after BuzzFeed News reported on a 2015 settlement regarding a wrongful dismissal complaint. Conyers has denied accusations of sexual misconduct.
"Stepping down because of allegations is a sign of shift in what and how Washington is dealing with sexual misconduct issues," said Elis. On Tuesday, Conyers said he is endorsing his son for his seat in Congress.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
