Latest news with #Governor
Bloomberg
2 hours ago
- Business
- Bloomberg
RBI Opted For Outsized Rate Cut to Boost Growth, Minutes Show
India's central bank governor said that front-loaded interest rate cut and the cash boost would support the Indian economy amid global uncertainties, minutes of the central bank's monetary policy meeting showed Friday. The Reserve Bank of India's rate-setting panel delivered an out-sized 50 basis points interest rate cut earlier this month and announced a liquidity measures for the banking system. The six-member monetary policy committee also simultaneously shifted its policy stance to neutral from accommodative, indicating limited room for further easing.
Washington Post
9 hours ago
- Business
- Washington Post
Democrats in Virginia have a hefty fundraising advantage heading into November general election
RICHMOND, Va. — Democrats in Virginia have built up a hefty fundraising advantage for their effort to reclaim the governor's mansion in a November election that is seen as a bellwether for the party in power in Washington ahead of the 2026 midterms. Democrat Abigail Spanberger, a former CIA spy turned congresswoman, has a more than 2-to-1 fundraising advantage over her GOP opponent for governor, Lt. Gov. Winsome Earle-Sears, who has struggled to draw support from her fellow Republicans. Both were unopposed for their party's nominations and were able to focus on the fall general election without having to overcome a challenge in this week's primaries . The match-up means Virginia is all but certain to elect the state's first female governor. Spanberger has amassed $6.5 million toward her campaign for governor over the last two months after raising $6.7 million between January and March, according to the nonpartisan Virginia Public Access Project. Combined with the money Spanberger raised in 2024, she has gathered $22.8 million and still has $14.3 million in her coffers. Earle-Sears, meanwhile, spent more than she earned between April and June , bringing in $3.5 million and spending $4.6 million. Between January and March, she also raised a little over $3.1 million. In total, she has raked in nearly $9.2 million since launching her campaign last September. Now, she has a little under $3 million in the bank, according to Virginia Public Access Project data. In a statement, Earle-Sears' campaign said the candidate is putting forward a message for Virginians that money can't buy. 'Clearly the Spanberger campaign needs a lot of help attempting to erase Abigail's bad voting record on issues that actually matter to Virginians,' press secretary Peyton Vogel said in an email. 'This race isn't being bought — it's being built on a message that matters.' Virginia is one of two states, along with New Jersey, that host statewide elections this year. The contests will be closely watched as a measure of whether voters in the shadow of Washington will embrace President Donald Trump's aggressive effort to overhaul the federal government, or be repelled by it. Democrats' outsized fundraising lead ahead of the primaries may reflect local Democratic enthusiasm and the party's ability to push people to the polls in light of Trump being in office. Mark J. Rozell, dean of George Mason University's Schar School of Policy and Government, also referenced the noticeable frostiness among leading state Republicans. The party's statewide nominees have yet to campaign together, despite securing their nominations at the end of April. 'Enthusiasm drives fundraising and in Virginia right now the Democrats' voting base has much greater enthusiasm' than Republicans, Rozell said. 'It is reminiscent of Trump's first term in office when Democratic fundraising and ultimately voting overwhelmed the Republicans in Virginia.' Money does not guarantee success, however. In the last Virginia governor's race, former Gov. Terry McAuliffe outspent Republican Glenn Youngkin, who had invested $20 million of his own money in the race. Youngkin still clinched the election by nearly two points. Youngkin, who is term-limited from seeking reelection, has offered more than $21,000 in support to Earle-Sears through his political action committee. When asked whether he would donate more, his PAC responded, 'Governor Youngkin is working to elect the entire GOP ticket and is urging all Virginians to support the commonsense team this November to keep Virginia winning.' The Democrats' fundraising advantage isn't confined to the governor's race. State Sen. Ghazala Hashmi , who eked out a primary win in a close three-way contest for lieutenant governor, raised nearly $1.8 million in her primary race and has $462,000 remaining. The Republican nominee, conservative talk-radio host John Reid , raised nearly $312,000 since launching his campaign and has $116,000 remaining. The only statewide GOP candidate with a fundraising lead, incumbent Attorney General Jason Miyares, has $2.3 million in the bank after raising a total of $4.6 million. His Democratic opponent, Jay Jones, has raised $2.7 million . He had about $493,000 left at the beginning of June, reports show. This year, all three Democratic statewide candidates are backed by Clean Virginia, a political group that pushes for clean energy and often takes on legislative challenges against Dominion Energy, Virginia's largest utility. The two groups are some of the most influential entities lobbying on state politics and policy. With energy demand likely to be a key issue in November, their influence could be significant. According to the nonpartisan public-access group, Spanberger has taken in $465,000 from the environmental organization. On Tuesday, Clean Virginia endorsed Hashmi's candidacy for lieutenant governor, following its previous donations to her state Senate campaign committee. During his campaign, Jones also received $1.5 million from Clean Virginia, while his primary opponent, Democrat Shannon Taylor, accepted $800,000 from Dominion Energy between 2024 and 2025. Clean Virginia released attack ads targeting Taylor for accepting Dominion money. The energy utility has become entangled in other statewide battles. On the Republican ticket, Earle-Sears accepted $50,000 from Dominion in March. Miyares also gained $450,000 from the utility so far this year. Clean Virginia has donated to both Democrats and Republicans, including to candidates running for the House of Delegates , where all 100 members are up for reelection in November. Democrats who control the legislature are hoping to keep or expand their thin majority and amend the state's Constitution to protect rights to voting, marriage equality and abortion. Democratic candidates have raised about $16.9 million in those races, with $3.2 million stemming from House Speaker Don Scott. Meanwhile, Republicans have raised $8.8 million, with former Minority Leader Todd Gilbert earning over $643,000, and newly tapped Minority Leader Terry Kilgore raising nearly $470,000. ——— Olivia Diaz is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
Reuters
11 hours ago
- Politics
- Reuters
US court lets Trump retain control of California National Guard for now
WASHINGTON, June 19 (Reuters) - A U.S. appeals court let Donald Trump on Thursday retain control over California's National Guard while the state's Democratic governor proceeds with a lawsuit challenging the legality of the Republican president's use of the troops to quell protests and unrest in Los Angeles. A three-judge panel of the San Francisco-based 9th U.S. Circuit Court of Appeals extended a pause it placed on U.S. District Judge Charles Breyer's June 12 ruling that Trump had called the National Guard into federal service unlawfully. Breyer's ruling was issued in a lawsuit against Trump's action brought by Governor Gavin Newsom.
Reuters
a day ago
- Business
- Reuters
BoE's Bailey says gradual rate cut view is not a prediction for August
LONDON, June 19 (Reuters) - The Bank of England's expectation that interest rates will move gradually downwards is not a prediction for its next policy decision in August, Governor Andrew Bailey said on Thursday. "I expect that the path of interest rates will continue to be gradually downwards. Now I'm not giving you a prediction on August by saying that," Bailey said in a video clip published on the BoE's LinkedIn page.
Bloomberg
2 days ago
- Business
- Bloomberg
Macklem Warns of Firmer Inflation, Uncertainty About Impact of Tariffs
Bank of Canada Governor Tiff Macklem reiterated that he sees inflation running hotter than expected, while saying employment appears to be holding up outside of trade-intensive sectors. In a wide-ranging speech on how the trade war is impacting the Canadian economy, Macklem flagged uncertainty about how tariffs and counter-tariffs may impact price pressures moving forward, repeating that 'we can't let a tariff problem become an inflation problem.'
