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The staggering cost of winning a Senate seat in 2026Source: AdImpact, Census.gov Note: AdImpact data includes dollars spent on video advertisements on broadcast, cable and social media as well as spending estimates on streaming platforms. Chart: Stef Kight/Axios Every voting-age Mainer could get a $167 voucher for home heating oil with what Democrats and Republicans are spending on ads in the Senate race,…

Axios1d agoWhole story →

Economy senate election spending

Trump: Anyone saying "AI" is "THE ENEMY!" The White House uses itPresident Trump on Thursday called anyone who uses "Artificial Intelligence" instead of "Super Intelligence" "THE ENEMY!" — even as the White House continues using the term "AI." Why it matters: Trump's push to rebrand AI as "super intelligence" clashes with established terminology in the technology industry. Trump's branding blurs the distinction…

Axios1d agoWhole story →

Technology trump ai terminology controversy

Trump's foreign worker crackdown comes for Microsoft, Adobe, IT firmsVice President JD Vance said Thursday that the Trump administration is suspending Microsoft , Adobe and several other IT firms' ability to hire foreign-born workers for permanent residency in the U.S. Why it matters: The move will affect hundreds of companies owned by the tech giant, escalating the Trump administration's crackdown on immigrant labor.…

Axios1d agoWhole story →

Justice foreign worker crackdown

Labor Department marks low layoffs milestoneData: U.S. Department of Labor ; Chart: Courtenay Brown/Axios New applications for unemployment benefits have stayed below 200,000 in a stretch rarely seen in modern history. Jobless claims fell by 2,000, to 197,000, last week, the Labor Department said Thursday morning. Why it matters: It points to a remarkable stability on the "firing" side of the…

Axios1d agoWhole story →

Economy low layoffs milestone

The Fed's going to take its time with rate hikesA couple more interest rate hikes are probably on the way. But the Federal Reserve is in no great hurry to deliver them. That's the takeaway from the latest round of communications out of the central bank. Why it matters: It implies that the Fed is not in a full-scale effort to tighten the screws on the economy, but rather a cautious recalibration in…

Axios1d agoWhole story →

Economy federal reserve rate hike decision

Data centers face a sweeping new power regimeLawmakers are considering forcing data centers to shoulder new costs and restrictions while speeding up the energy infrastructure needed to power the AI boom. Why it matters: The bipartisan legislation, unveiled last week, represents the most aggressive response yet from Washington to data centers amid growing backlash over their energy and environmental…

Axios2d agoWhole story →

Planet data center regulation proposal

Exclusive: Mike Johnson raises record $156 million for House GOPHouse Speaker Mike Johnson raised $30 million in the third quarter, bringing his total haul this cycle to $156 million as Republicans fight to hold on to their increasingly endangered majority, Axios has learned. Why it matters: Johnson's team says that's the most raised by a Republican speaker or leader at this point in an election cycle. Johnson has…

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Government house gop fundraising

Exclusive: Inside Trump's AI science summitPresident Trump will attend a summit Thursday meant to empower scientists and position the U.S. as a leader in breakthroughs driven by "super intelligence," according to an announcement shared first with Axios. Why it matters: The Trump administration is looking for industry to step in amid its cuts to government funding for science research and…

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Technology ai science summit

Why France is a warning sign for the marketsThe good news about the epic shifts in global bond markets is that they mostly reflect economic fundamentals, not the kinds of panicky swings seen in a crisis. The bad news is that there's a risk the disruptions metastasize into a broader crisis in an era of fractured politics across major democracies. The big picture: Turmoil in the streets this week in…

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Government global market turmoil

"The beginning of a new scientific paradigm": Zuckerberg's Biohub, U.S. and Google build virtual cellMark Zuckerberg's Biohub is partnering with Google and the federal government in its ambitious effort to use AI for generating vast quantities of biological data that can predict how cells behave. Why it matters: The ultimate goal is an AI model that lets scientists test potential experiments virtually, helping them identify the most promising ones…

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Technology biohub ai research partnership

Exclusive: Paxton privately blames campaign woes on Iran war, gas pricesTexas Republican Senate nominee Ken Paxton privately lamented the impact of the Iran war and gas prices on his campaign in a meeting last month, telling a group of donors and lobbyists, "I don't make the decisions," according to audio obtained by Axios. Why it matters: It's a candid admission from a close Trump ally about the challenging environment…

Axios3d agoWhole story →

Government texas senate election

A brutal winter heating bill is coming for some homesAmericans could pay far more to heat their homes with oil this winter than last, a new analysis reviewed by Axios shows, as volatile energy markets and the Iran War deepen the affordability crisis. Why it matters: Heating bills are eating into household budgets before winter sets in, with stark divides between fuel types. By the numbers: Families that…

Axios3d agoWhole story →

Planet winter heating bill increase

Trump's PAC won't pay taxpayers back for his adsPresident Trump's super PAC will not reimburse the government for taxpayer money spent on campaign-style ads promoting the administration. Why it matters: Taxpayers have footed a multimillion-dollar bill for the advertisements, which some critics of the president have called " government propaganda ." What they're saying: "The Radical Left is upset with…

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Government trump pac ad controversy

SF Fed president: AI demand could extend energy shockSome companies are preparing for an AI-fueled chip squeeze that could push up prices far beyond the data center boom alone, Mary Daly, president of the Federal Reserve Bank of San Francisco, tells Axios. Why it matters: The Fed can usually look through supply shocks that come and go. Daly's concern is that AI , tariffs and higher energy costs could last…

Axios3d agoWhole story →

Technology inflation outlook

Trump has a new target: The words Americans usePresident Trump has long nicknamed his opponents, and now, as November approaches, he's even trying to dictate the vocabulary around key issues . The big picture: Trump's latest effort to reshape political language follows his longtime political strategy: Define the terms of the debate, and you gain power over the debate itself. But as polling on those…

Axios3d agoWhole story →

Government 2024 election strategy

Inside Trump's new AI playbookPresident Trump's newly minted "super intelligence" task force faces a daunting mandate: Reconcile fiercely divided Cabinet factions to create a tech policy that keeps pace with the blistering AI race. Why it matters: The task force brings the administration's scattered AI work under one roof, but it also makes it likely that any new rules will be forged…

Axios4d agoWhole story →

Technology ai policy task force

How states are tackling midterm pump painStates are taking on the stubbornly high fuel prices squeezing Americans ahead of the midterm elections , pushing through tax holidays and other tactics to offer relief while federal efforts have stalled. Why it matters: With November 3 less than 30 days away, the political stakes of those price-lowering levers — even if the relief is only modest — are…

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Planet midterm elections

GOP senator warns Anthropic of "alarmist" approach to AISen. Bernie Moreno (R-Ohio) is urging Anthropic CEO Dario Amodei against an "alarmist approach" and "panic-inducing commentary" on AI, according to a letter sent Monday and obtained by Axios. Why it matters: It's the latest example of President Trump's allies targeting Amodei. Moreno's letter comes ahead of Anthropic's expected historic IPO , with…

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Technology ai regulation debate

House GOP whip: Limit spending to districts with "biggest return"House Majority Whip Tom Emmer (R-Minn.) is scaling back expectations and zeroing in on a narrowed battlefield as Republicans' prospects of keeping their majority look increasingly bleak. Why it matters: Emmer, a former National Republican Congressional Committee chair who helped the GOP unexpectedly gain seats in 2020, argues his party can still defy…

Axios4d agoWhole story →

Government midterm election strategy

Eurodrama in currency markets raises U.S. dollar's standingData: FactSet; Chart: Courtenay Brown/Axios The euro fell to a 17-month low against the dollar on Monday as political and fiscal worries rattled European markets. Why it matters: Rising borrowing costs and political instability are reviving concerns about strains within the eurozone — and whether the European Central Bank may eventually have to step in.…

Axios4d agoWhole story →