Author: Leslie Stewart

A major global policy group says the Iran war and its impact on global energy markets will cause headline inflation in the United States this year to be much higher than the Federal Reserve expected, potentially requiring policy action.In its regular economic update, the Organization for Economic Co-operation and Development projects that U.S. all-item inflation will be 4.2% in 2026. This was a significant increase from the previous estimate of 2.8%. Moreover, this is much higher than the 2.7% that Fed officials estimated when they updated their own forecasts last week.This revision is primarily due to two factors. One is…

Savannah Guthrie shares the tearing fear and heartache she experienced over Nancy Guthrie’s disappearance and the possibility that her mother was targeted because of her fame as a co-anchor on “Today.” “I don’t know. I think it’s because she’s my mother and someone thought, ‘Oh, that girl, that woman has money. We can… make some quick money.’ I mean, that makes sense,” Savannah Guthrie told Hoda Kotb in her first interview since her mother went missing. “But we don’t know. I can’t bear to think that I brought this to her bedside. It’s my fault.”Watch the rest of Savannah Guthrie’s…

Michael Flynn and the Justice Department have agreed to settle a lawsuit filed over allegations that Flynn, President Donald Trump’s former national security adviser, was politically targeted in a 2017 case in which he initially pleaded guilty.The parties notified a federal judge in Florida on Wednesday that they had reached a settlement. The amount was not disclosed. Flynn had sued for $50 million in 2023, alleging malicious prosecution and abuse of process.A judge had previously dismissed Flynn’s lawsuit in 2024. Flynn’s lawyers filed an amended complaint last June, alleging that the United States “unjustly and politically targeted General Flynn because…

Last week, Federal Reserve Chairman Jerome Powell pushed back when asked whether stagflation posed a threat to the U.S. economy. His successor could face even tougher challenges, with Wall Street forecasters raising expectations for a recession, due in part to the possibility of a war with Iran and higher prices. Economists have raised their risk assessments for a U.S. recession in recent days amid heightened uncertainty over geopolitical risks and a labor market that has been tense over the past year.Moody’s Analytics model has raised its forecast for a recession over the next 12 months to 48.6%. Goldman Sachs raised…

The Justice Department has requested House Intelligence Committee records related to former CIA Director John Brennan, a frequent target of President Donald Trump, two people familiar with the request said.The Intelligence Committee voted Tuesday night to send several confidential hearing records related to Brennan to the Justice Department, according to a person familiar with the committee’s work. The vote was taken at the request of the Justice Department, two sources said.A Republican spokesperson for the committee said in a statement that the committee “resolved to report confidential hearing records at the request of the U.S. Department of Justice for ongoing…

People fill up at the pumps at a Costco gas station in West Thurrock, Essex. The Iranian conflict has caused oil and gas prices to soar. Photo date: Thursday, March 5, 2026.Jordan Pettit – Pennsylvania Images | Pa Images | Getty ImagesUK inflation stood at a solid 3% in February, according to the latest Office for National Statistics (ONS) figures, the last before the start of the Iran war.Economists polled by Reuters had expected the consumer price index to be flat from last month. Core inflation, which excludes energy, food, alcohol and tobacco, was 3.2% in February, up from 3.1%…

North Carolina’s top Senate Republican conceded to his challenger in a close primary on Tuesday, despite having President Donald Trump’s support.Phil Berger, president pro tempore of the state Senate for the past 15 years, congratulated his opponent in the recounted race, Rockingham County Sheriff Sam Page.”Although it was a close race, voters made their voices heard and congratulate Sheriff Page on his victory,” Berger said in a statement, NBC affiliate WRAL in Raleigh reported. “Over the past 15 years, Republicans in Congress have fundamentally redefined our state’s outlook and reputation, and I’m honored to play a role in that transformation.”On…

IE11 is not supported. For the best experience, please visit our site in a different browser.to the nextPresident Trump postpones attack on Iranian power plant for 5 days02:50NBA star Cedric Coward honors Olympian grandfather Maxie Parks04:17Senior playground makes fitness fun for young people03:29Amanda Peet reveals breast cancer diagnosis in powerful essay05:06Historic floods in Hawaii cause damage and prompt evacuations01:47Questions swirl over the cancellation of ‘The Bachelorette’ Season 2202:43Guthrie family pleads for renewed attention to Nancy’s case08:04President Trump’s ICE dispatch to airports adds pressure to DHS battle01:35ICE introduced to US airports amid hours-long TSA lines02:21Woman repurposes Oscars red carpet into living…

Aerial view of wind turbines at the Altamont Pass Wind Farm on January 13, 2026 in Livermore, California. Justin Sullivan | Getty ImagesThe White House agreed to pay. total energy The French energy giant’s investment will instead be diverted to US LNG production, with $1 billion to shelve an east coast wind project it slammed as “costly”.The U.S. Department of the Interior (DOI) announced Monday a “landmark agreement” with Total Energy that will see the company “redirect funding from expensive and unreliable offshore wind leases to affordable, reliable natural gas projects that provide safe energy to hardworking Americans.”TotalEnergies has committed…

Welcome to From the Politics Desk. This is a daily newsletter that brings you the latest reporting and analysis from the NBC News political team on the White House, Capitol Hill and election campaigns.In today’s issue, Sahil Kapur delves into the recent rift between President Donald Trump and Congressional Republicans. In addition, Lawrence Hurley reports on oral arguments in a Supreme Court case that could have significant medium-term implications. Sign up here to receive this newsletter in your inbox every weekday.— Adam WallnerPresident Trump pushes Republicans into a corner by shutting down DHSAnalysis by Sahil KapurPresident Donald Trump has rejected…