Teach me to do your will, for you are my God; may your good Spirit lead me on level ground.

Psalm 143:10

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Live updates: Yen rally and rising bond yields pressure bitcoin and risk assets


Bitcoin, gold and technology stocks fall as the yen rallies, while oil prices and government bond yields climb globally.

Houthi attacks on Saudi Arabia ignite fires at oil facilities and wound 73 people


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Pupils return to West Bank school behind barbed wire to protect against settlers


Six people, including three pupils at the Palestinian school, have been killed in al-Mughayyir this year, in a surge of Israeli settler-related violence.

"Voters don't trust Jeffries": Democratic leader faces impending fight with the left


House Minority Leader Hakeem Jeffries (D-N.Y.) faces mounting behind-the-scenes frustration from progressive lawmakers and candidates that's likely to burst into public view after the midterm elections.

Why it matters: Unless Democrats win a big enough House majority in November to govern without the progressive wing, a Speaker Jeffries would have to contend with the left flank's demands.


An influx of Democratic Socialists of America-aligned members in January will compound latent distrust of Jeffries that's festering in some corners of the Congressional Progressive Caucus.

  • "He's got a lot of people mad at him," a senior House Democrat, speaking on the condition of anonymity to share details of sensitive private discussions, told Axios.
  • Mai Vang, a progressive House candidate in Northern California, told Axios: "Voters don't trust Jeffries."

Driving the news: Jeffries has made several recent moves that left Progressive Caucus members fuming, according to multiple lawmakers, candidates and aides.

  • Medicare for All: Jeffries said on NBC's "Meet the Press" last month that Medicare for All is "not legislation ... that I support." He said in a later radio interview that he supports universal coverage, but there are "different paths" to get there.
  • Kushner meeting: Jeffries' sit-down with President Trump's son-in-law rankled progressive groups. Rep. Alexandria Ocasio-Cortez (D-N.Y.) told reporters: "I don't know what that was about."
  • Rule change: A proposal to penalize members who don't pay their dues to the party's campaign arm, or who break with leadership on procedural votes, was seen by progressives as a preemptive attempt to cut off dissent from the left.

Combine this with long-standing progressive skepticism toward Jeffries, and you get all the ingredients for internal turmoil come Jan. 3.

  • "Constituents have shared with me that House Democrats need to replace Jeffries," said Vang, who's running in the Sacramento area. "That's something I've heard from voters."
  • A senior Progressive Caucus member told Axios they "consistently hear from constituents how displeased they are with the Democratic leadership, including Leader Jeffries."

Between the lines: Sitting congressional progressives have largely held their fire against Jeffries over the last two years. That may change after Election Day on Nov. 3.

  • Said the senior House progressive: "His latest comments and actions put members with dissatisfied constituents in a difficult position — do we represent our constituents or defend his leadership?"
  • The frustration is "bigger than the new crop of folks," a second senior House progressive said.
  • A third told Axios: "Democrats nationally want to see big changes, and that's what the caucus is going to be responding to."

Zoom in: Medicare for All is proving to be the most persistent sticking point for progressives, who say they're not going to drop the issue despite Jeffries' stated opposition.

  • Ocasio-Cortez told Axios: "The fact is, the majority of the Democratic caucus supports Medicare for All ... That, of course, is a dynamic that will be part of an ongoing conversation."
  • Said Rep. Lateefah Simon (D-Calif.): "We all deserve ... a health care system that everybody can afford, and we'll just keep fighting for that."
  • A fourth House progressive, granted anonymity to speak bluntly, said they "don't fucking get" Jeffries' refusal to support Medicare for All given that the party base has moved "very clearly to the left on so many issues."

Jeffries has stressed that his lack of support for Medicare for All is more about maintaining his neutrality as party leader than specific opposition to the policy itself.

  • Jeffries, a former Progressive Caucus member, had been a co-sponsor of Medicare for All legislation until he became leader in 2022.
  • "Consistent with what other leaders or speakers have done, when it comes to major pieces of legislation, we [as House minority leader] let the [House Democratic] caucus work out its will to try to actually get to a consensus position," he said in the radio interview last month.

Brad Lander, the progressive former New York City comptroller who unseated Rep. Dan Goldman (D-N.Y.) in June, pointed to Israel as another likely area of division between progressives and leadership.

  • "We don't want to send additional military aid to Israel while it continues a policy that I do believe is genocide," he said in an interview. "Those of us that ran on that platform, of course, will make our voices heard loud and clear in internal debates and conversations."

Yes, but: A fifth Progressive Caucus member acknowledged that while "there is frustration," Jeffries has been addressing internal dissent in real time.

  • "People reach out to him, and they have good conversations, and they move forward," the lawmaker said. "We try to hash things out immediately, and he's really open to having those conversations. He's spoken to a lot of people."

The bottom line: Watch what happens on Nov. 4, the day after Election Day.

  • "When we win the majority, we'll know we have won it with a huge amount of progressive energy," said Progressive Caucus chair Greg Casar (D-Texas).
  • Progressive members, he said, "will make sure our party better holds the line on key progressive issues."

Highest paid world leader to get salary increase of $1 million


Singapore's prime minister Lawrence Wong will see his pay rise to 3.6 million Singapore dollars ($2.8m; £2.1m).

Blue Owl Plans $6.5B Seed for Data Center REIT
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TPB cancels C&N Southwest Sydney registration over conduct breaches
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Adidas's 'Incredibly Comfortable' Terrex Eastrail 3 Hiking Shoes Are on Sale for Only $42


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The 2026 midterm general election season is upon us. Here's what to watch


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U.S. Federal Interest Costs Reach $1.25 Trillion as Debt Burden Rises
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The Stock Market Is Repeating a Pattern Not Seen in Decades. History Says This Will Happen Next.
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The yen's sudden surge upsets the carry trade faithful
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Musinsa files for Korea Exchange preliminary IPO review – report
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Stock market today: Dow, S&P 500, Nasdaq futures slip amid rising oil prices
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Grindr to Pay £26 Million to Settle U.K. Claims Over HIV Status Data Sharing


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Nepal cracks down on online abuse against flood survivors


Authorities will "show no leniency" to people who "belittle" those who are suffering, the prime minister says.

As China Sales Sag, BYD Gains Global Edge
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Chevron Targets $7B Investment in Venezuela
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Battered Oracle May Be Poised for Rally as Investors Renew Software Bets
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36 Years Ago Today: Rock Legend’s Debut Solo Single Reached No. 1


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Renault is building its €17,900 Dacia Spring EV in Europe to qualify for local subsidies


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9 Years Ago Today: Highest-Grossing Horror Movie of All Time Was Released


The movie is based on an acclaimed Stephen King novel.

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