Feb 18, 2019 - Politics & Policy
California leads states in lawsuit to stop Trump's national emergency declaration
The House appeared likely to move ahead Thursday with Democrats' revised $2.2 trillion coronavirus relief bill as 11th-hour negotiations with the White House continued.
The latest: After meeting for more than 90 minutes on Capitol Hill on Wednesday, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin shared a phone call at 1 p.m. Thursday. They plan to speak again later this afternoon, according to a Pelosi aide. Wednesday's meeting was the first in-person meeting between the two since August, when negotiations stalled.
The prime example of something highly improbable that became conventional wisdom: The idea that both interest rates and inflation will remain near zero for well over a decade.
Why it matters: As Axios' Dan Primack writes, private equity firms (the polite rebranding of "leveraged buyouts") have historically bought companies and loaded them up with debt.
Our febrile world is not normal.
The big picture: The precautions that we're taking against the spread of COVD-19; the way in which the president of the U.S. delights in violating political norms; the fires, hurricanes and other signs that catastrophic global warming has arrived; the virulent spread of the QAnon conspiracy theory — all of these things, and many more, represent a stunning break with the world as we knew it.