The global economy will grow 3.1% this year, the World Bank said in an upgraded forecast, according to the Associated Press. The U.S. economy will grow 2.5% percent — slightly faster than previously forecast because of a boost from the tax bill.
Why it matters: The world's economies are simultaneously growing faster than have in years, but the bank warned that rising interest rates or "threats posed by rising trade protectionism" could prompt a downturn
Photo illustration: Sarah Grillo/Axios. Photo: Roy Rochlin/Getty Images and BRENDAN SMIALOWSKI/AFP via Getty Images
If you want to understand the rhetorical roots of Trump's Independence Day speech at Mount Rushmore, go back and watch Tucker Carlson's monologues for the past six weeks.
Between the lines: Trump — or rather his speechwriter Stephen Miller — framed the president's opposition to the Black Lives Matter protest movement using the same imagery Carlson has been laying out night after night on Fox.
Illustration: Aïda Amer/Axios
Photo illustration: Sarah Grillo/Axios. Photo: Justin Sullivan/Getty Images
The news media has largely moved on, but foreign government officials remain fixated on John Bolton's memoir, "The Room Where It Happened."
Why it matters: Bolton's detailed inside-the-Oval revelations have raised the blood pressure of allies who were already stressed about President Trump's unreliability.