Morning Wire Robert Hur Testifies & Inflation Ticks Up | Afternoon Update | 3.12.24
Mar 12, 2024
A special counsel's testimony sheds light on President Biden's handling of classified documents and the political fallout. Tensions rise as inflation data complicates Federal Reserve strategies amid U.S. military aid to Ukraine. Global issues loom large, with Israel facing political instability and military drills involving China and Russia creating tension. The resignation of Haiti's Prime Minister adds to a complex geopolitical landscape, while safety concerns at Boeing illustrate domestic challenges.
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Hur's Testimony and Biden's Memory
- Robert Hur's investigation into Biden's classified documents led to a political firestorm.
- Hur defended his report, citing Biden's memory lapses as a key factor in the investigation.
Inflation Remains Sticky
- The Consumer Price Index (CPI) rose 3.8% year over year, exceeding expectations.
- This suggests inflation remains "sticky," impacting the Federal Reserve's decision on rate cuts.
Netanyahu's Power in Jeopardy
- U.S. intelligence assesses that Israeli PM Netanyahu's power is potentially at risk.
- A more moderate government might succeed him, and public distrust has deepened.