2026-05-18

Former Rep. Stephen Buyer (R-Ind.) will not get another hearing. He was convicted in 2023 on four counts tied to hundreds of thousands in illegal stock trades. The Court declined, and the conviction stands.

Havana alleges the Trump administration is fabricating justifications for economic sanctions. The blockade is strangling the island's energy supply. Officials did not elaborate on what pretext they believed was being constructed.

The Supreme Court sent a voting-rights case back to a lower court, applying its Louisiana v. Callais ruling on race-based gerrymandering. Justice Jackson filed a protest. The mechanics of redistricting law apparently still have unsettled questions.

A Senate court was established despite recent House leadership changes and a shootout. The trial began amid political division over the Vice President's future.

A jury in federal court deliberated less than two hours and ruled unanimously against him. Musk had sought $134 billion in damages. He waited too long to sue, they said. The legal victory hands Sam Altman a clear win.

The Treasury market is in a rout. Traders are pricing in rate increases. The Federal Reserve's reassuring language about patience is not reassuring the bond market. Tough talk about inflation may be what the rout is demanding.

According to the New York Times, citing Iraqi officials, Israel constructed another covert facility in Iraq's western desert to support strikes on Iran. The US had knowledge of the bases. Why Israel and the US went to such lengths to keep them secret is not fully explained.

The President dropped his lawsuit against the IRS on Monday. In exchange, a $1.776 billion taxpayer-backed fund will compensate those who claim they were targets of government weaponization. The mechanism is unprecedented. Whether it survives audit is a different question.