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US inflation could hit the Federal Reserve's 2% target in 2025, Bank of America CEO Brian Moynihan told CNN in an exclusive interview Tuesday.

The US Supreme Court has shot down a fringe legal theory supported by Republican officials and Donald Trump’s allies that was invoked to toss out election results and radically reshape the nation’s elections. A 6-3 decision in Moore v Harper on 27 June determines that Republican-drawn congressional districts in North Carolina amounted to a partisan gerrymander that violated the state’s constitution, but the majority dismissed the so-called “independent state legislature” theory that fuelled the state’s arguments. Chief Justice John Roberts wrote the opinion, with support from Justices Sonia Sotomayor, Elena Kagan, Brett Kavanaugh and Amy Coney Barrett. Justices Clarence Thomas, Neil Gorsuch and Samuel Alito dissented. In oral arguments in the case last year, justices were warned that the high court’s endorsement of fringe legal theory could “sow chaos” in American democracy. The decision follows a lawsuit from a group of North Carolina voters and advocacy groups challenging the state’s Republican-drawn map of its congressional districts, which a state court rejected. Republican officials appealed to the Supreme Court arguing that the state legislature is granted exclusive power to regulate federal elections. A ruling from the justices that would uphold the GOP-drawn map would be seen as vindication for the fringe legal theory supported by many Republican officials and conspiracy theorists in their efforts to upend election outcomes and transform how the nation’s elections are run. The dubious theory – which animated Mr Trump’s spurious attempts to overturn election results in states he lost in the 2020 presidential election – could eliminate state constitutional bans against gerrymandering and other voting protections, potentially handing electoral control to Republican-dominated state legislatures that are primed to “rig” the next elections. After the 2020 presidential election, Mr Trump and his allies pressed state courts to overturn “unlawful election results” in several states he lost, based on bogus claims of fraud, and to let state lawmakers determine the outcome. All of those claims and court challenges were rejected. That fringe reading of the US Constitution went on to fuel GOP efforts to subvert election laws and change the rules of election administration across the US. In oral arguments in the case last year, US Solicitor General Elizabeth Prelogar warned that the court’s endorsement of the theory would “wreak havoc” on the electoral process and invalidate state constitutions across the country. “I’m not sure I’ve ever come across a theory in this court that would invalidate more state constitutional clauses as being federally unconstitutional,” added Neal Katyal, a former acting solicitor general under Barack Obama’s administration who argued the case on behalf of voting rights groups and Democratic voters in North Carolina. “The blast radius from their [independent state legislature] theory would sow elections chaos, forcing a confusing two-track system with one set of rules for federal elections and another for state ones,” he told justices. One reading of the theory argues that elected members of a state legislature have absolute authority to determine how federal elections – as in, elections for members of Congress and the president – are performed. State constitutional protections for the right to vote and efforts to combat partisan and racial gerrymandering could be overruled. A “nightmare” scenario could mean that a Republican-controlled state legislature that rejects the outcome of an election or objects to how it was administered – including the use of mail-in ballots or voting machines that have been subject to rampant, baseless conspiracy theories – could invoke the theory as pretext to refuse the results. Retired federal judge J Michael Luttig – who advised then-Vice President Mike Pence on 6 January, 2021 while under pressure from then-President Trump to reject the election’s outcome – has warned that the theory is a part of the “Republican blueprint to steal the 2024 election.” Dozens of briefs to the Supreme Court urged justices to reject the theory, from constitutional law experts, election officials and voting rights advocates to judges and prominent Republicans – including lawyer Ben Ginsberg, who worked on the landmark Bush v Gore case in 2000 that opened the door for the theory to take shape. Chief justices from state courts across the US wrote that the Constitution “does not oust state courts from their traditional role in reviewing election laws under state constitutions.” Without such barriers, courts will be “flooded with requests to second-guess state court decisions interpreting and applying state elections laws during every election cycle, infringing on state sovereignty and repeatedly involving the federal judiciary in election disputes,” they wrote in a filing to the court. A filing on behalf of the League of Women Voters said the theory could “throw election law and administration into disarray”. More than a dozen secretaries of state also warned that the “mistaken legal theory alien to our country’s history and this court’s precedent would have far-reaching and unpredictable consequences on our country’s elections.” The US Constitution’s election clause reads that the times, place and manner of federal elections “shall be prescribed in each State by the Legislature thereof; but the Congress may at any time by Law make or alter such Regulations.” The long-standing interpretation of that foundational clause is that election rules established by state legislatures must – like any other law – conform with state constitutions, which are under a court’s jurisdiction for review as to whether they are constitutional or not. “So if a state constitution subjects legislation to being blocked by a governor’s veto or citizen referendum, election laws can be blocked via the same means,” the Brennan Center explains. “And state courts must ensure that laws for federal elections, like all laws, comply with their state constitutions.” The Honest Elections Project, a Federalist Society-supported effort behind litigation involving state-level voting rules across the US, also supported the North Carolina case. The group invoked the fringe theory in a supporting brief filed with the Supreme Court, claiming that state legislatures are “vested with plenary authority that cannot be divested by state constitution to determine the times, places, and manner of presidential and congressional elections.” Moore v Harper “provides a timely opportunity to put these questions to rest,” according to the filing. Lawmakers in at least 38 states introduced nearly 200 bills that voting rights advocates and nonpartisan democratic watchdogs warned can be used to “subvert” election outcomes, building on a movement in the wake of 2020 elections to do in state legislatures what Mr Trump and his allies failed to do in court. The recently released analysis from the States United Democracy Center, Protect Democracy and Law Forward found that Republican state lawmakers advanced 185 bills that would make it easier for elected officials to overturn the will of their voters and make it harder for election workers to do their jobs. That total is on pace with similar efforts from previous legislative sessions. More than a dozen such bills introduced this year have been made law. Read More Supreme Court hears how the ‘blast radius’ of a radical legal theory could sow ‘election chaos’ How a fringe legal theory at the Supreme Court could blowtorch American elections Supreme Court rules Alabama discriminated against Black voters in major victory for voting rights Supreme Court rules against Navajo Nation’s access to drought-stricken Colorado River, despite US treaty Deb Haaland and Tribal leaders welcome Supreme Court decision upholding Indian Child Welfare Act

By Manya Saini (Reuters) -Credit card giant American Express Co said on Tuesday Chief Financial Officer Jeffrey Campbell has decided

By Niket Nishant (Reuters) -Annuities provider American Equity Investment Life Holding said on Tuesday it has received a takeover offer

Good news for your Fourth of July cookout — it's more affordable than last year. Families can expect to pay $67.73 for a party of 10, down 3% from last year's record high, according to a survey from the American Farm Bureau Federation.

Bombshell audio has revealed Donald Trump apparently bragging about possessing still-classified military documents about Iran after he left the White House. In the recording, from a July 2021 meeting at Mr Trump’s Bedminster golf club and released by CNN, the former president is heard audibly shuffling documents and describing his “big pile of papers” to associates. “These are the papers,” Mr Trump says, refering to a military document concerning Iran. “This was done by the military and given to me.” Mr Trump took to Truth Social on Monday night to fume about the tape, railing against “Deranged Special Prosecutor” Jack Smith and baselessly accusing the DOJ and FBI of leaking it. “The Deranged Special Prosecutor, Jack Smith, working in conjunction with the DOJ & FBI, illegally leaked and “spun” a tape and transcript of me which is actually an exoneration, rather than what they would have you believe. This continuing Witch Hunt is another ELECTION INTERFERENCE Scam. They are cheaters and thugs!” he wrote. Meanwhile, the Supreme Court has dismissed a lawsuit from a number of Congressional Democrats who were attempting to get information about the government lease for the Washington, DC hotel previously owned by former President Trump. Read More CNN plays tape of Trump appearing to show off military documents that he says are still classified Judge to weigh whether Trump's New York criminal case should be moved to federal court Trump valet set for arraignment in classified documents case Fox News choose Jesse Watters to replace Tucker Carlson in primetime shakeup

On the surface, the turmoil in Russia would seem like something for the U.S. to celebrate: a powerful mercenary group engaging in a short-lived clash with Russia’s military at the very moment that Ukraine is trying to gain momentum in a critical counteroffensive. But the public response by Washington has been decidedly cautious. Officials say the U.S. had no role in the conflict, insist this was an internal matter for Russia and decline to comment on whether it could affect the war in Ukraine. The reason: to avoid creating an opening for Russian President Vladimir Putin to seize on the rhetoric of American officials and rally Russians by blaming his Western adversaries. Even President Joe Biden, known for straying from talking points, has stayed on script. Biden told reporters Monday that the United States and NATO weren’t involved. Biden said he held a video call with allies over the weekend and they are all in sync in working to ensure that they give Putin “no excuse to blame this on the West” or NATO. “We made clear that we were not involved. We had nothing to do with it,” Biden said. “This was part of a struggle within the Russian system.” Biden and administration officials declined to give an immediate assessment of what the 22-hour uprising by the Wagner Group might mean for Russia’s war in Ukraine, for mercenary chief Yevgeny Prigozhin or for Russia itself. “We’re going to keep assessing the fallout of this weekend’s events and the implications from Russia and Ukraine,” Biden said. “But it’s still too early to reach a definitive conclusion about where this is going.” Putin, in his first public comments since the rebellion, said “Russia’s enemies” had hoped the mutiny would succeed in dividing and weakening Russia, “but they miscalculated.” He identified the enemies as “the neo-Nazis in Kyiv, their Western patrons and other national traitors.” Foreign Minister Sergey Lavrov said Russia was investigating whether Western intelligence services were involved in Prigozhin’s rebellion. Over the course of a tumultuous weekend in Russia, U.S. diplomats were in contact with their counterparts in Moscow to underscore that the American government regarded the matter as a domestic affair for Russia, with the U.S. only a bystander, State Department spokesman Matthew Miller said. Michael McFaul, a former U.S. ambassador to Russia, said that Putin in the past has alleged clandestine U.S. involvement in events — including democratic uprisings in former Soviet countries, and campaigns by democracy activists inside and outside Russia — as a way to diminish public support among Russians for those challenges to the Russian system. The U.S. and NATO “don’t want to be blamed for the appearance of trying to destabilize Putin,” McFaul said. A feud between the Wagner Group leader, Yevgeny Prigozhin, and Russia’s military brass that has festered throughout the war erupted into the mutiny that saw the mercenaries leave Ukraine to seize a military headquarters in a southern Russian city. They rolled for hundreds of kilometers toward Moscow, before turning around on Saturday, in a deal whose terms remain uncertain. Biden’s national security team briefed him hourly as Prigozhin’s forces were on the move, the president said. He said he had directed them to “prepare for a range of scenarios” as Russia’s crisis unfolded. Biden did not elaborate on the scenarios. But national security spokesman John Kirby addressed one concern raised frequently as the world watched the cracks opening in Putin’s hold on power — worries that the Russian leader might take extreme action to reassert his command. Putin and his lieutenants have made repeated references to Russia’s nuclear weapons since invading Ukraine 16 months ago, aiming to discourage NATO countries from increasing their support to Ukraine. “One thing that we have always talked about, unabashedly so, is that it’s in nobody’s interest for this war to escalate beyond the level of violence that is already visited upon the Ukrainian people,” Kirby said at a White House news briefing. “It’s not good for, certainly, Ukraine and not good for our allies and partners in Europe. Quite frankly, it’s not good for the Russian people.” Biden spoke with Ukrainian President Volodymyr Zelenskyy over the weekend, telling him, ”’No matter what happened in Russia, let me say again, no matter what happened in Russia, we in the United States would continue to support Ukraine’s defense and sovereignty and its territorial integrity.” Biden said. The Pentagon is expected to announce Tuesday that it is sending up to $500 million in additional military aid to Ukraine, including more than 50 heavily armored vehicles and an infusion of missiles for air defense systems, U.S. officials said. They spoke on condition of anonymity because the aid had not yet been publicly announced. Biden, in the first weeks after Putin sent tens of thousands of Russian forces into Ukraine in February 2022, had issued a passionate statement against the Russian leader’s continuing in command. “For God’s sake, this man cannot remain in power,” he said then, as reports emerged of Russian atrocities against civilians in Ukraine. On Monday, U.S. officials were careful not to be seen as backing either Putin or his former longtime protege, Prigozhin, in public comments. “We believe it’s up to the Russian people to determine who their leadership is,” Kirby said. White House officials were also trying to understand how Beijing was digesting the Wagner revolt and what it might mean for the China-Russia relationship going forward. China and Russia are each other’s closest major partner. The White House says Beijing has considered — but not followed through on — sending Russia weaponry for use in Ukraine. “I think it’d be fair to say that recent developments in Russia had been unsettling to the Chinese leadership,” said Kurt Campbell, coordinator for the Indo-Pacific at the White House National Security Council, speaking at a forum hosted by the Center for Strategic and International Studies in Washington. “I think I’ll just leave it at that.” China values Russia as a friend in part to keep from standing alone against the U.S. and its allies in disputes. With Russia’s invasion and resulting international sanctions sapping Russian resources and now sparking a rebellion, McFaul said, Ukraine and its allies could make the case: ”’Xi Jinping, you know, if you want your buddy to stay in power, maybe this is the time to put some pressure on him to wrap up this war.‴ ___ AP Diplomatic Writer Matthew Lee contributed to this report. Read More The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary Putin issues desperate message to Russian public after Wagner mutiny US to send $500 million in weapons, military aid to Ukraine, officials say What the papers say – June 27

Former president Donald Trump was recorded in 2021 flaunting his possession of classified military documents, according to audio obtained by CNN. In the recording, which allegedly came from a meeting at Mr Trump’s Bedminster golf club and estate, the former president can be heard audibly shuffling documents and describing his “big pile of papers” to associates. “These are the papers,” Mr Trump says at one point, refering to a military document concerning Iran and US military joint chief of staff Mark Milley. “This was done by the military and given to me.” “They presented me this—this is off the record,” Mr Trump appears to say at another point in the recording, describing the information he is showing to others as “highly confidential” and “secret.” Mr Trump was indicted earlier this month and charged with 37 counts related to his alleged mishandling of classified documents after leaving the White House, including willful retention of national defense secrets in violation of the Espionage Act, conspiracy to obstruct justice, corruptly concealing documents, concealing documents in a federal investigation, scheme to conceal, and making false statements. In May, CNN reported that among the evidence prosecutors used to build their case against the former president was an audio recording of a summer 2021 meeting, in which Mr Trump allegedly acknowledged holding onto a classified Pentagon document detailing potential battle plans against Iran. In the indictment, prosecutors quoted Mr Trump as saying the plan was “highly confidential,” “secret,” and that “as president, I could have declassified it.” The ex-president was then supposedly recorded adding: “Now I can’t, you know, but it’s still a secret.” In an interview with Fox News, Mr Trump denied possessing such a document. “That was a massive amount of papers and everything else talking about Iran and other things,” he said. “And it may have been held up or it may not but that was not a document. I did not have a document per se.” This is a breaking news story and will be updated with new information. Read More Rape accuser files new lawsuit as Trump seethes over 2024 flop – live Where do Donald Trump’s family stand on him running in 2024? Trump revealed to have tweeted classified image from spy satellite

About five or six Secret Service agents have testified before the grand jury deciding if former President Donald Trump should be indicted for his actions in connection to the insurrection on January 6, 2021, sources have told NBC News. The grand jury is looking into the riot as well as the attempts to interfere with the peaceful transfer of power. The Secret Service agents who appeared were complying with subpoenas. It remains unclear how close the agents were to Mr Trump on January 6 as well as what information they provided to the grand jury. The investigation led by Special Counsel Jack Smith is separate from the investigation he also leads into Mr Trump’s alleged mishandling of national security information which led to the former president’s indictment and Miami arraignment. More follows...

Texas governor Greg Abbott is facing ridicule after he fell for a fake story on a satirical website that claimed country music star Garth Brooks had been booed off a stage for refusing to ban Bud Light. Mr Abbott shared a link to the parody site The Dunning-Kruger Times on his official Twitter account on Sunday that claimed Brooks had been targeted at the 123rd Annual Texas Country Jamboree in Hambriston after calling his conservative fans “a**holes”. “Go woke. Go broke,” Mr Abbott tweeted. “Good job, Texas.” There was just one problem: the jamboree didn’t exist, and neither did the city of Hambriston. The Dunning-Kruger Times, named after a cognitive effect where people with low expertise or ability overestimate their knowledge, labels itself as a “network of parody, satire, and tomfoolery”. “Everything on this website is fiction,” the site explains. The purported author of the story, headlined Garth Brooks Booed Off Stage at 123rd Annual Texas Country Jamboree, was listed as “patriot” Flagg Eagleton. Mr Abbott deleted the tweet without an explanation or apology, but it was preserved and roundly criticised on Twitter. “Gov Abbott just accidentally posted a satire article because he wants to hate on queer Texans and Garth Brooks so bad,” wrote Democratic Congressman Greg Casar. “The Texas Country Jamboree doesn’t exist. Hambriston, Texas is not real. And the Governor is not fit to tweet, much less govern,” he added. Teacher Judy Hockenbrough wrote that “poor Greg Abbott got caught in his lies this time”. “There are a couple of big problems with Abbott’s tweet: The city of Hambriston doesn’t exist and the article is completely fake. Abbott fails Texas everyday.” Mr Abbott frequently weighs in on culture war issues on social media, last week urging warring tech billionaires Mark Zuckerberg and Elon Musk to go through with their much-hyped MMA bout. He has also signed into law some of the country’s most punitive anti-LGBT+ legislation. Texas is facing crippling power outages amid an unprecedented heat wave. Meanwhile, Brooks, who has sold more than 157 million albums, has yet to respond publicly to the kerfuffle. In 2022, Brooks performed two sold-out concerts in Texas at AT&T Stadium in Arlington and Houston’s NRG Stadium to a combined audience of about 147,000 fans. Read More Trump news – live: Supreme Court dismisses Democratic lawsuit over Trump hotel documents Fox News choose Jesse Watters to replace Tucker Carlson in primetime shakeup Texas Gov Greg Abbott bizarrely weighs in on Elon Musk and Mark Zuckerberg’s cage fight GOP state legislatures seek greater control over state and local election offices Texas gov Greg Abbott reacts to Elon Musk and Mark Zuckerberg’s cage fight Why are the Texas Rangers the only MLB team without a Pride Night?

Delaware state Sen Sarah McBride announced her candidacy for the Democratic nomination for Delaware’s sole congressional district, which would make her the first openly transgender member of Congress. Ms McBride announced her candidacy in a video on Monday morning. “My commitment is to the people in Delaware who aren’t seen, who don’t shout the loudest or fund political campaigns,” she said. “Everyone deserves a member of Congress who sees them and respects them.” Ms McBride became the first openly transgender state senator in the United States when she won her election in 2020. Prior to that, Ms McBride worked for the Human Rights Campaign and was also the first openly transgender person to speak at a major party’s convention when she spoke at the 2016 Democratic National Convention. She first came out as transgender in an op-ed for the student newspaper of American University, where she had served as student body president. Ms McBride also worked for former Delaware attorney general Beau Biden, the son of President Joe Biden, who represented Delaware in the Senate for 36 years before he became vice president. “When I came out, it was support from Beau – and the rest of the Biden family – that made me feel safe in Delaware, like I belonged here,” she tweeted in 2019, to which Mr Biden’s account tweeted “Thanks Sarah. I'm proud of you and so is Beau.” In 2018, Ms McBride released her book Tomorrow Will be Different, which detailed her life and the loss of her husband Andy who was also transgender. Mr Biden wrote the foreword for the book. Ms McBride’s candidacy comes shortly after Rep Lisa Blunt Rochester, the state’s incumbent congresswoman, announced she would run for Delaware’s Senate seat after Sen Tom Carper announced that he would not seek another term in the Senate. Delaware is a solidly Democratic state, meaning that the winner of the Democratic primary will most certainly win the general election in 2024. Read More Pioneering transgender lawmaker has advice for pushing back against transphobic bills Neo-Nazis can’t stop Pride in Montana: ‘Yes, we are under attack. But we will not be quiet’

MEXICO CITY Mexican telecommunications giant America Movil, controlled by the family of tycoon Carlos Slim, announced the launch