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Gun safety advocates rally in front of the Supreme Court on Dec. 2, 2019. Photo: Drew Angerer/Getty Images

The Supreme Court on Monday denied petitions for appeals of 10 cases involving gun rights, CNBC reports.

Why it matters: The decision is a blow to gun rights advocates who have sought to expand the rights of gun owners through the conservative-majority court. The court has long been reluctant to weigh in on battles over Second Amendment rights.

  • The court has not litigated the reach of the Second Amendment since rulings in 2008 and 2010 struck down gun regulations in D.C. and Chicago.

Details: The cases that were denied include questions concerning whether some laws banning interstate gun sales violate the Second Amendment, whether people have a constitutional right to carry a gun for self-defense, and whether states can limit gun-carrying permits to people who can show a specific need for self-defense.

Go deeper

Pence: Trump has "an obligation" to name new Supreme Court nominee

Photo: Alex Wong/Getty Images

Vice President Mike Pence told "CBS Evening News" on Monday that President Trump has "an obligation under the Constitution" to put forward a nominee to replace the late Ruth Bader Ginsburg.

The state of play: Senate Majority Leader Mitch McConnell (R-Ky.) has vowed to give Trump's nominee a vote, despite opposing then-President Obama's nomination of Merrick Garland following Justice Antonin Scalia's death in 2016, on the grounds that voters should decide in the next election who is appointed to the court.

AOC and Schumer vow "unprecedented" action to fight Trump's Supreme Court plans

Rep. Alexandria Ocasio-Cortez and Senate Minority Leader Chuck Schumer during an April press conference in New York City. Photo: Johannes Eisele/AFP via Getty Images

Senate Minority Leader Chuck Schumer and Rep. Alexandria Ocasio-Cortez called on voters Sunday to contact senators and urge them to honor the late Justice Ruth Bader Ginsburg's wish that she not be replaced until a new president is installed.

Details: Schumer noted during their news conference "we only need two more senators who will abide by RGB's wish," after Republican Sens. Lisa Murkowski and Susan Collins said they'd oppose holding a Senate confirmation vote on President Trump's nomination to replace the late Supreme Court justice before November's election.

Felix Salmon, author of Capital
Updated 9 mins ago - Economy & Business

How central banks can save the world

Illustration: Aïda Amer/Axios

The trillion-dollar gap between actual GDP and potential GDP is a gap made up of misery, unemployment, and unfulfilled promise. It's also a gap that can be eradicated — if central banks embrace unconventional monetary policy.

  • That's the message from Eric Lonergan and Megan Greene, two economists who reject the idea that central banks have hit a "lower bound" on interest rates. In fact, they reject the idea that "interest rates" are a singular thing at all, and they fullthroatedly reject the idea — most recently put forward by New York Fed president Bill Dudley — that the Fed is "out of firepower."

Why it matters: If Lonergan and Greene are right, then central banks have effectively unlimited ammunition in their fight to increase inflation and employment. They are limited only by political will.

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