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Politics· Verified

Trump unveils plan for $15bn Iowa steel plant he calls biggest in US history

President seeks midterms boost as White House says project, built by Indian-owned company, will begin in 2030 Donald Trump on Monday announced what he called the largest steel plant in American history to be built in Iowa, giving Republicans a jobs message to take to voters in a state that could help decide control of the Senate in November. “Using advanced steelmaking technology, the plant will produce some of the highest quality, most affordable steel anywhere in the world,” Trump said in the Oval Office, flanked by Iowa’s top Republicans. Continue reading...

Politics· Developing

As the US midterms approach, Trump’s boasts on the economy fall flat with voters

Trump’s tariffs and his war against Iran caused prices to rise, but the US president continues to claim it’s ‘the greatest economy in history’ Sign up for The Stakes 2026: your weekly guide to the US midterms Donald Trump has taken to repeating a familiar boast: “We have the greatest economy in history,” Trump said recently at a White House press gaggle. The boast comes even though inflation is higher and economic growth lower than when Joe Biden left office, even though gas prices have jumped about 50% since the war against Iran started, and even though 73% of Americans think the economy is in fair or poor shape (48% say it’s in poor shape). What’s more, the Federal Reserve is so worried about inflation that it just raised interest rates. “It’s bluster, it’s gaslighting for him to say the economy is the greatest ever,” said Darrick Hamilton, chief economist for the AFL-CIO, the nation’s main union federation. “The economy is trending down by many measures. A lot of that has been caused by Trump’s unforced errors.” Continue reading...

Politics· Verified

Sens. Markey, Merkley and Reps. Jayapal, Tlaib, Pressley Reintroduce Legislation to Halt Government Use of Facial Recognition and Other Biometric Technology

Bill Text (PDF) Washington (September 25, 2026) – Senator Edward J. Markey (D-Mass.), member of the Commerce, Science, and Transportation Committee, Senator Jeff Merkley (D-Ore.), and Representatives Pramila Jayapal (WA-07), Rashida Tlaib (MI-12), and Ayanna Pressley (MA-07), announced the reintroduction of the Facial Recognition and Biometric Technology Moratorium Act, legislation to prohibit the government from using facial recognition and other biometric […]

Business· Developing

Japan, U.S. finance chiefs share concern over 'undervalued yen'

Japanese Finance Minister Satsuki Katayama said Friday she held online talks with U.S. Treasury Secretary Scott Bessent, during which they shared concern about an "undervalued yen." "We discussed the desirability of a strong yen that reflects Japan's strong economic fundamentals," Bessent wrote on social media following their conversation, which came…

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