Morning Wire Inflation Continues Upward & FISA Bill Blocked | 4.11.24
Apr 11, 2024
Unexpected inflation data reveals a surprising 3.5% rise in the consumer price index, putting pressure on the Federal Reserve and igniting public concern. In Arizona, a controversial Supreme Court ruling reinstates a 1864 abortion law, reshaping political strategies in a key battleground state. Meanwhile, tensions among House Republicans emerge as a faction blocks the reauthorization of the Foreign Intelligence Surveillance Act, raising questions about surveillance practices and accountability.
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Inflation Concerns
- March inflation rose 5.3%, exceeding expectations and making rate cuts unlikely.
- Gas and insurance prices significantly increased, impacting household budgets.
Arizona Abortion Law
- Arizona's Supreme Court upheld an 1864 law banning all abortions except to save the mother's life.
- This broad law supersedes the 2022 15-week limit, impacting political discourse.
FISA Reauthorization Blocked
- House conservatives blocked the reauthorization of FISA, dividing Republicans.
- Disagreements center on warrant requirements for searching Americans' data within the FISA database.