Sen. Thom Tillis (R-N.C.) on Sunday said that he would no longer block Kevin Warsh's Federal Reserve chair confirmation, removing a key hurdle for President Trump's pick to lead the central bank.
Why it matters: The Department of Justice said last week that it was dropping its investigation into current Fed chair Jerome Powell, satisfying the key Republican's conditions for supporting Warsh.
The Trump administration moved faster than anyone expected to build a system to repay businesses billions of dollars in tariffs. Now, the president is warning companies not to use it.
Why it matters: Businesses face an especially tricky quandary: On the one hand, consumers and some lawmakers are calling on them to pass down refunds to their customers. On the other, there's now political pressure not to seek refunds at all.
President Trump is governing like a man who will never face voters again, mortgaging his party's future on promises he won't be around to keep.
Why it matters: Trump's approval has plunged to a second-term low. His signature bets — tariffs, the war in Iran, redistricting — are curdling into long-term liabilities the GOP could carry long past November.
