US Politics & Business News
Read the latest news about U.S. politics today at Congress.net
Senator Bill Cassidy of Louisiana became the first sitting senator to lose a regularly scheduled Republican primary since Indiana’s Richard Lugar in 2012, eliminated from the race for a third term after Trump-backed congresswoman Julia Letlow and state Treasurer John Fleming outpolled the two-term incumbent on Saturday night. Letlow, who carried Trump’s “complete and total…
CACI International (NYSE: CACI) climbed 4.2% to $502.63 after the company secured a $113.8 million contract from the United States Navy to support the Military Sealift Command’s integrated business systems. The agreement could extend through October 2031 if all available options are exercised, making the total potential value of the relationship substantially higher than the…
US technology and semiconductor stocks suffered a significant reversal on Tuesday after April’s consumer price index came in hotter than expected, confirming that the Iran war’s energy shock is feeding through to broader consumer prices and eliminating what little remained of market expectations for a Federal Reserve rate cut in 2026. The Nasdaq Composite fell…
Republicans secured a pair of significant redistricting victories in Virginia and Tennessee this week that analysts estimate could net the party between four and five additional House seats in November, providing meaningful but not decisive structural benefit to a majority already sitting at its thinnest margins in the current Congress. The Virginia Supreme Court blocked…
The full United States Senate is expected to vote this week on the confirmation of Kevin Warsh as the next chair of the Federal Reserve, with the confirmation likely to land before Jerome Powell’s term as chair expires on May 15. The vote would make Warsh the 17th Fed chair in history and place him…
President Donald Trump is heading into the final six months before the 2026 midterm elections carrying his worst approval rating of either presidential term, facing an electorate that overwhelmingly blames him for surging fuel costs and growing questions about whether his decision to host a Saudi-backed golf tournament at his own Virginia club this weekend…
Control of the United States Senate is now statistically a coin-flip six months ahead of November’s midterm elections, according to prediction market data compiled by Kalshi, with traders placing the odds at roughly 50-50 between the parties after a dramatic shift in sentiment driven primarily by public opposition to the Iran war and its economic…
A newly published editorial in the Foreign Policy Journal has delivered one of the harshest assessments yet of American strategy in the Iran war, describing the US campaign as a “blatant failure” and laying significant blame at the feet of Defense Secretary Pete Hegseth for overestimating Washington’s ability to achieve regime change without deploying ground…
Republican strategists are executing one of the more delicate political manoeuvres in recent memory, attempting to capture the electoral energy generated by Donald Trump’s presence on the ballot without making the November midterms a direct referendum on a president whose approval ratings have reached the lowest point of his two terms in office, with Reuters…
Chevron Corporation (NYSE: CVX) is set to report its first-quarter 2026 earnings before the market open on May 1, with the company having already pre-disclosed selected Q1 guidance items in April that provide investors with more visibility than usual into the quarter’s financial shape, including upstream commodity price impacts of $1.6 billion to $2.2 billion…