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The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993.
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Canada became the latest Western country this week to announce it will recognize the state of Palestine, joining the United Kingdom and France, as well as over 147 other countries that already recognize Palestinian statehood. Palestinian writer and analyst Muhammad Shehada says that while the recent moves are "largely symbolic" and filled with caveats and loopholes, it shows that global opinion is rapidly shifting. He says that despite Israel's growing diplomatic isolation over its starvation of Gaza, the only thing that will stop the genocide is if the United States uses its leverage.
"Netanyahu and the Israeli government are terrified of Trump. They don't want to anger him," says Shehada. "The only thing it would take is Trump making a phone call to Netanyahu and saying, 'End this now.'"
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We speak with Democratic Congressmember Ro Khanna about his bipartisan bill calling for the full release of federal documents pertaining to Jeffrey Epstein's criminal charges for sexual trafficking and abuse, which is also currently backed by nine Republicans and every House Democrat. Khanna explains why he's calling for transparency and accountability regarding the Epstein case, and how Trump is working to prevent the same.
Ro Khanna also discusses the massive loss to public media and local news as the Trump administration has successfully stripped $1.1 billion from the Corporation for Public Broadcasting, which funds over 1,500 NPR and PBS stations across the country. The major cut to funding is possible thanks to the rare process of rescission, which allows the president to request Congress to rescind already-allocated federal funding. Trump's OMB Director Russell Vought has indicated that the administration intends to expand its use of rescission in future legislative sessions. "It's a devastating blow to the education of our children in America and to our democracy," says Khanna, who notes that the cut to public media comes just one week after Republicans voted to pass Trump's deficit-enlarging budget bill. "It's just not true that this has anything to do with fiscal responsibility," Khanna adds.
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