US banks in talks to lend $20 billion to Argentina

JPMorgan, Bank of America, Goldman Sachs, and Citigroup are among banks working with US Treasury officials to bolster Argentina’s collapsing currency and ease economic turmoil, people familiar with the matter said.
Reuters/Agustin Marcarian

House conservative says clawing back Republican spending bills ‘erodes trust’

The Virginia Republican spoke to Eleanor Mueller at Semafor’s World Economy Summit on Thursday.
Eleanor Mueller, Congress Reporter, Semafor and Rep. Ben Cline, R-Va, speak onstage during the Semafor World Economy Summit Fall EditionPaul Morigi/Getty Images for Semafor

Greece’s data crisis holds lessons for US, finance minister says

Greece’s experience in the 2000s shows the vital importance of independent, trustworthy statistics, Kyriakos Pierrakakis said at Semafor’s World Economy Summit.
Kyriakos Pierrakakis, Minister of Economy & Finance, GreeceKyriakos Pierrakakis. Paul Morigi/Getty Images for Semafor

Biden envoy praises Trump’s Gaza deal, backs AI chip sales to the Gulf

Amos Hochstein told Semafor he would rather the US sell chips to the UAE than Spain, which has Chinese tech in their intel systems.
Amos Hochstein, Managing Partner, TWG GlobalAmos Hochstein. Paul Morigi/Getty Images for Semafor
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Politics

Miran says impact of AI on labor ‘very difficult’ to predict

The Federal Reserve governor spoke with Semafor’s Liz Hoffman at the World Economy Summit in Washington on Thursday.
Stephen Miran and Liz HoffmanPaul Morigi/Getty Images for Semafor

House conservative says clawing back Republican spending bills ‘erodes trust’

The Virginia Republican spoke to Eleanor Mueller at Semafor’s World Economy Summit on Thursday.
Eleanor Mueller, Congress Reporter, Semafor and Rep. Ben Cline, R-Va, speak onstage during the Semafor World Economy Summit Fall EditionPaul Morigi/Getty Images for Semafor

‘This is asinine’: Shutdown bitterness grips a stalled Congress

Neither side is moving or showing signs of engagement in negotiations as the 35-day record looms.
The Capitol domeKevin Lamarque/Reuters

Republicans want answers on $20B Trump ‘facility’ for Argentina’s debt

They’re unlikely to block the Treasury Department move, but one senator said he expects more details than the administration has provided so far.

US journalists protest over Pentagon press crackdown

Journalists from every major news organization gave their press passes back in protest over new reporting rules.

US judge halts layoffs amid government shutdown

The Trump administration had outlined plans to lay off 4,100 workers during an ongoing government shutdown, now in its sixteenth day.

US forces could take covert action inside Venezuela

President Donald Trump seemed to confirm a New York Times report that his administration had authorized covert action by the CIA inside the country.

Warren probes Treasury over ‘baffling’ Argentina aid

The Massachusetts Democrat is requesting more information on the Treasury Department’s effort to shore up Argentina’s economy.

GOP launches ad backing Collins as Mills enters Senate race

One Nation, a nonprofit aligned with GOP leaders, is spending nearly $1 million in an effort to promote the Maine Republican’s accomplishments.

Why Congress needs Trump to end the shutdown

Democrats are betting he’s more open to a deal than the Hill GOP. But so far, the president is prepared to go another way — outlasting their desire for talks.

Yes kings? Republicans revel in Trump’s imperial presidency

With a few libertarian exceptions, Republicans see a lot to like about Donald Trump stripping power from the legislative branch.
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