US inflation slows to 3% in June

Better-than-expected print draws the Fed a step closer to rate cut in September

Pelosi raises doubts about Biden as George Clooney withdraws support

Democrat fundraiser Clooney withdraws support, saying Joe Biden cannot win November election

Biden meets union leaders as calls to exit race continue

The 81-year-old has been working to stem defections from Democratic lawmakers, donors and other allies

More ‘good’ data will strengthen case for rate cut, says Powell

The Fed is now also concerned about risks to the job market if rates remain too high for too long

Biden tells US Congress Democrats he won’t drop out election race

US president faces a critical week as more Democrats worry the party could lose the White House and Congress to Trump’s Republicans

Oil ports close as Hurricane Beryl makes landfall in Texas

Hurricane expected to weaken to tropical storm as it moves inland

Argentina’s Javier Milei to speak at Jair Bolsonaro rally in Brazil

President’s visit could place a further strain on relations between the two neighbouring nations

Trump allies have Harris in their crosshairs

Donald Trump’s campaign launches pre-emptive strike on the vice-president, discrediting her amid talk she might replace Biden on presidential ticket

Fed minutes show officials saw price pressures easing

Officials at June meeting acknowledged a modest improvement but want additional information before any move on rates

US vice-president Kamala Harris ‘top choice to replace Biden’

The US president’s fumbling debate against Donald Trump has caused panic in his party

US Supreme Court’s divisions even deeper after Trump ruling

The latest term has laid bare ideological fractures that mirror a profoundly divided nation

Fed’s Powell sees progress but needs more data before rate cuts

US central bank ‘needs more confidence’ before cutting rates

US Supreme Court to rule in case involving debit card ‘swipe fees’

Ruling could make it easier for businesses to try to overturn federal rules

Top Democrats reject replacing Biden amid pressure to bow out

Leaders reject calls for their party to choose a younger presidential candidate after debate debacle

Israeli advisers to meet US national security chief

A larger, more formal strategic dialogue meeting is being rescheduled, say sources