Top Republicans fear their midterm election prospects could pay the price for Donald Trump’s tariffs.
And Fed Chair Jerome Powell sees stormy waters ahead for the economy.
Here’s the news we’re reporting today.
Republicans Fear Midterm Bloodbath
Sen. Ted Cruz said control of Congress could be at stake for Republicans if the economic fallout of President Donald Trump’s tariffs throws the US economy into recession.
“If we go into a recession, particularly a bad recession, 2026 in all likelihood, politically, would be a bloodbath,” Cruz (R-Texas) said. “You would face a Democrat House and you might even face a Democrat ...