This was originally emailed to our Morning Wire subscribers. You can subscribe at any time at apnews.com/newsletters.Welcome back and thanks for joining us as we kick off the week. In the news today: Trump faces a new inflation warning; the U.S. bombs Iran as Kuwait is targeted by missiles and drones; and a pro-Trump candidate leads in the first round vote for Colombia’s president. Also, decades after going extinct, colorful crested ibises are taking flight again in Japan.POLITICSTrump is facing a new inflation warning from the bond market, adding to his midterm challenges The world is getting more uptight about lending money to President Donald Trump’s government. The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U.S. government. That’s caused interest rates to climb in ways that are worsening affordability pressures. Read more.
Why this matters:Trump has tried to assure Americans that he has a plan to trim the roughly $1.8 trillion annual budget deficit. However economists say Trump’s strategies are unlikely to deliver the promised results. Higher interest rates make it harder to buy or renovate a home, afford a new car or manage credit card debt. And the rising rates are giving Democratic candidates another line of attack to use in November’s midterm elections at a time when voters are already concerned about high costs for food and gas.Related coverage →Jerome Powell warns against political pressure on Fed, courts and schoolsJudge to decide if a key hearing for the man accused of killing Charlie Kirk will be publicCongress has taken on Epstein. But lawmakers and survivors are still searching for accountabilityPlatner’s wife calls news coverage of Senate hopeful’s sexually explicit texts with women ‘shameful’Iowa Democrats hoping to flip a US Senate seat are torn over which of 2 hopefuls has the best shot
