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Illustration: Brendan Lynch/Axios

5 big things

1.Elon Musk's SpaceX IPO filing is out

  • Dan Primack
New Iran peace proposal triggers tense Trump-Netanyahu call
  • Exclusive
  • 2.New Iran peace proposal triggers tense Trump-Netanyahu call
    Most Fed officials see rate hikes if inflation stays high
    3.Most Fed officials see rate hikes if inflation stays high
    Democrats scramble to contain Maureen Galindo problem
    4.Democrats scramble to contain Maureen Galindo problem
    Battles to shrink the Federal Reserve's balance sheet begin
    5.Battles to shrink the Federal Reserve's balance sheet begin
      • Andrew Solender,
      • Kate Santaliz
      6 mins ago
      -
      Politics & Policy
      Trump bleeds votes in Congress to keep Iran war going
      A man in a navy suit and purple tie speaks into a microphone, gesturing with both hands, with blurred American flags in the background.

      President Trump speaks at a National Police Week event at the White House Rose Garden on May 11. Photo: Kevin Dietsch/Getty Images

      House Democrats are one step closer to finally getting a successful Iran war powers vote as their last holdout plans to flip and at least one Republican says they may follow suit.

      Why it matters: While the vote would be largely symbolic — President Trump could veto the measure — Democrats believe it would be a crucial rebuke of the conflict.

      Go deeper (1 min. read)
      • Andrew Solender
      3 hours ago
      -
      Politics & Policy
      Democrats move to shut down Trump's $1.8B "weaponization" fund
      Man in a dark suit and striped tie speaks into a microphone at a formal hearing, with a blurred colleague beside him; American flag and gold curtains behind.

      Rep. Jamie Raskin speaks during a House Judiciary Committee hearing at the Capitol on March 4. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

      The top Democrat on the House Judiciary Committee is introducing legislation that would block a $1.8 billion fund to pay people who say they were the targets of politically motivated prosecutions.

      Why it matters: Rep. Jamie Raskin (D-Md.) could garner GOP support for the effort, with Rep. Brian Fitzpatrick (R-Pa.) telling reporters on Wednesday he will "try to kill" the fund.

      Go deeper (1 min. read)
      • Andrew Pantazi
      5 hours ago
      -
      Politics & Policy
      How Trump's $1.8B "anti-weaponization" fund works
      Illustration of a stack of hundred dollar bills on a scale with large menacing chains

      Illustration: Sarah Grillo/Axios

      President Trump sued his own administration, settled and will now spend $1.776 billion of taxpayer money to pay people who say the government targeted them politically.

      Why it matters: The "Anti-Weaponization Fund" turns a personal Trump settlement into a new government program, shields decisions on who gets the money from the courts and limits information about what the public knows about where the funds go.

      Go deeper (2 min. read)

    THE LATEST


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              • NYC ride-sharing price war heats up amid scrutiny

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