After the speech, lawmakers and journalists flock to Statuary Hall, just feet from the House chamber. Bryan Metzger President Donald Trump delivered his State of the Union address on Tuesday night. R

Lawmakers briefed by Marco Rubio suggest new offensive on Islamic republic could be imminent

Democratic lawmakers invited victims of Jeffrey Epstein and of President Trump’s aggressive immigration crackdown.

British lawmakers have voted to release documents related to the appointment of Andrew Mountbatten-Windsor, formerly known as Prince Andrew, who was recently arrested over misconduct allegations involving Epstein.

Following the release of disturbing texts, MAGA lawmakers are demanding the resignation of Republican Rep. Tony Gonzales, though House Speaker Mike Johnson has not yet commented on whether he should step down.

A growing number of Democratic lawmakers are considering skipping Donald Trump's State of the Union address, with options ranging from 'silent defiance' to complete absence.

Bayelsa lawmakers have confirmed Governor Douye Diri’s Chief of Staff, Peter Akpe, as the state’s new deputy governor, months after the death of the previous deputy governor.

Nigerian lawmakers have postponed their plenary sessions to allow committees and MDAs to conclude the 2026 budget defence.

Polish lawmakers are considering an amended bill for the SAFE Financial Instrument to enhance security, with urgency to finalize rules for disbursing funds to the defense industry.

Pakistan's PTI party has directed its lawmakers to attend daily protests outside the Supreme Court, demanding a medical checkup for Imran Khan and access for his family and personal doctors.

As the Trump administration continues to try — and fail — at indicting its political enemies, Democratic lawmakers have begun seizing the moment for themselves

The Department of Homeland Security claims the government shutdown allows it to ban surprise congressional visits to immigration detention facilities, leading to an ongoing legal battle with lawmakers.

The lawmakers said the neglect has forced some residents to cross into neighbouring countries in search of basic amenities such as potable water, schools, and healthcare services. The post Senate panel decries FG’s neglect of border communities appeared first on Premium Times Nigeria.

New Jersey Democratic lawmakers are facing criticism for introducing the controversial 'F---ICE Act,' which would permit residents to sue over federal immigration enforcement actions following reported detentions.

This is the second such ‌suspension by lawmakers, who, last month, halted their work ​on the deal in protest at Donald Trump’s demands to acquire Greenland

Two Tennessee lawmakers are proposing legislation that would allow individuals who get an abortion to be charged with homicide.

Lawmakers from both parties are expressing concerns over the Trump administration's initiative to establish new ICE facilities, leading to a proposed bill that would restrict the expansion of ICE warehouses.

The Korea-US Parliamentarians’ Union said Monday it will hold a meeting with James Kim, chair of the American Chamber of Commerce in Korea, to discuss bilateral trade and investment issues. The Korea-US Parliamentarians’ Union is a cross-party caucus established in March 2025 to promote parliamentary cooperation between South Korea and the US. It comprises around 170 National Assembly lawmakers. According to the group, a breakfast meeting will be held at 7:30 a.m. Wednesday at the National Assem

Republican lawmakers have blasted a HuffPost piece suggesting discomfort with rooting for the USA in the Olympics, responding with chants of 'USA' and calling the idea unpatriotic.

An analysis suggests that keeping lawmakers in Washington D.C. during the government shutdown may have been counterproductive, as Congress left without resolving the DHS funding crisis.

A growing number of House and Senate members are retiring or seeking other offices, leading to a wave of departures from Congress ahead of the midterm elections.

Political parties in South Korea are preparing for the June 3 local elections, with a 100-day countdown now underway. Parliamentary by-elections are also expected to increase as lawmakers seek local government positions.

US lawmakers are urging the release of Rodney Taylor, a double amputee barber, from ICE detention in Georgia, citing grave concerns over his continued detainment.

Indiana lawmakers advanced a key stadium bill this week, putting real pressure on Illinois. Now the next steps could determine where the Chicago Bears build their new home.

Florida Lawmakers Approve Renaming Palm Beach Airport After Trump Authored by Kimberly Hayek via The Epoch Times, Florida lawmakers on Thursday completed the approval of a bill to rename Palm Beach International Airport in honor of President Donald Trump. The measure, now awaiting Gov. Ron DeSantis’s signature, comes at the same time as the Trump family’s recent federal trademark filings for airport names incorporating the president’s identity. The Trump Organization says it will see no financial gain from the Palm Beach site. The Florida Senate passed SB 706 in a 25–11 vote. The legislation is sponsored by state Sen. Debbie Mayfield, a Republican from Melbourne. The vote came days after the House approved a companion bill, HB 919, 81–30. “President Trump is the first president that Florida has had in our history, and I think it’s very appropriate for us to be naming one of the other icons in Palm Beach after him,” Mayfield told Politico in January. The legislation renames the airport as “President Donald J. Trump International Airport.” The bill is effective July 1, provided the Federal Aviation Administration approves the change. The bill also includes a $5.5 million budget request for signage, marketing, and other rebranding efforts. Some lawmakers, including Rep. Lois Frankel (D-Fla.), criticized the effort, saying it went around Palm Beach County residents. “It’s misguided and unfair that the Republican-controlled Florida Legislature ignored the voices of Palm Beach County by pushing forward a bill to rename Palm Beach International Airport without giving County residents a real opportunity for input,” Frankel said. “Decisions about naming major infrastructure should wait until after an honoree’s service has concluded—and should include meaningful input from the local residents and communities most directly affected.” Trump relocated to Florida in 2019. His primary residence is Mar-a-Lago in West Palm Beach, which is near the airport. At the same time, the Trump Organization filed for trademark protections through DTTM Operations LLC. The company filed applications with the U.S. Patent and Trademark Office on Feb. 13 and 14 this year. The submissions cover “President Donald J. Trump International Airport,” “Donald J. Trump International Airport,” and the abbreviation “DJT,” extending to airport-related goods and services such as passenger shuttles, umbrellas, travel bags, and flight attire. “To be clear, the President and his family will not receive any royalty, licensing fee, or financial consideration whatsoever from the proposed airport renaming,” the company said in a statement. The filings coincide with other proposals, such as renaming Dulles International Airport. Florida recently set aside land in Miami for Trump’s presidential library in 2025, and in January 2026, renamed a segment of road “President Donald J. Trump Boulevard.” Tyler Durden Fri, 02/20/2026 - 15:20

US lawmakers plan Iran war powers vote as Trump weighs strikes  The Straits Times

Republican lawmakers are defending the SAVE America Act, a voter ID bill, against Democratic accusations of voter suppression, with supporters arguing for the necessity of identification requirements.

Time is ticking for Illinois lawmakers to make a counter-offer to the Chicago Bears.

Proponents of legalization argue South Carolinians use unregulated operators and hold betting accounts in neighboring North Carolina and Tennessee.

Republican lawmakers are grilling telecom officials over phone records access in a Trump investigation.

WITH a spate of terrorist attacks occurring in the country, a national-level response is required to address the issue. The latest atrocity has occurred in Bajaur, where a suicide bomber reportedly belonging to the banned TTP attacked a checkpost in Bajaur on Monday. At least 12 people were martyred in the incident — 11 security personnel and one minor girl. Meanwhile, on the same day, a motorcycle rigged with explosives was blown up outside a police station in Bannu, causing two fatalities. Furthermore, law enforcers said on Wednesday that terrorists attacked a police station and a customs office in Dera Ismail Khan, martyring a policeman and a customs officer. They added that the terrorists also fired at passenger buses in the area. Several acts of deadly violence have occurred in this area over the past few weeks. Following the Bajaur attack, the prime minister commented that “under the vision of Azm-i-Istehkam, security forces are gaining major success in the fight against terrorism”. While that may be so, Pakistan continues to pay a high price as it loses security personnel and civilians in frequent terrorist attacks. For example, apart from the latest violence in KP, an imambargah in Islamabad was attacked earlier this month causing major casualties, while only days before the atrocity in the capital terrorists had launched coordinated attacks in Balochistan. Unless the state takes a fresh approach towards terrorism, we may see the same high levels of violence in the current year as we did in 2025. Last year was said to be the bloodiest in over a decade. The threats may be varied — separatist terrorists in Balochistan, religiously inspired elements in KP — but the response must ensure that all violent elements are neutralised, and the state is able to establish peace in the disturbed areas. There has been some welcome recent cooperation between the KP government — which remains the hardest hit province — and the centre in the field of counterterrorism; such efforts must be intensified. A whole-of-nation approach is needed, applying kinetic measures where required, conducting intel-based operations as well as sociopolitical interventions as needed, to defeat terrorism. The federal and provincial governments, lawmakers and the security apparatus, along with CT experts, must put their heads together to arrive at a solution that can bring lasting peace to Pakistan. Published in Dawn, February 19th, 2026

Billionaires threaten to leave the state to avoid paying a tax that would replace the US government's cuts to Medicaid.

A report alleges that Jeanine Pirro 'abruptly' instructed prosecutors to seek indictments against lawmakers in a video, amidst a staff exodus and failed cases within the DOJ under Trump.

Fifteen members of Congress have written to Marco Rubio, demanding accountability for the nine-month detention of 15-year-old Palestinian-American Mohammed Ibrahim in Israel.

2 More High-Profile Transgender Surgery Cases Head To Trial Authored by Darlene McCormick Sanchez via The Epoch Times (emphasis ours), Two high-profile “detransitioner” cases involving young women whose bodies were irrevocably altered as teens by transgender surgery are expected to go to trial in early 2027. Chloe Cole, an 18-year-old woman who regrets surgically removing her breasts, holds testosterone medication used for transgender patients, in Northern California on Aug. 26, 2022. John Fredricks/The Epoch Times Chloe Cole, who drew national attention after speaking out against subjecting children to gender-reassignment procedures such as hormones and surgeries, has an April 5, 2027, trial date, according to Mark Trammell, CEO of the Center for American Liberty, which represents several detransitioners. ​Cole and others, known as detransitioners, stopped or reversed a medical gender transition that they started earlier. ​She sued Kaiser Foundation Hospitals and other health care providers in California after receiving life-altering hormones and a double mastectomy when she was 15. ​“Kaiser has done everything in its power to keep Chloe out of a courtroom and to ensure that members of the press are not in the gallery,” Trammell told The Epoch Times. ​For Cole, getting a trial date signifies a victory after years of legal wrangling and delays, she told The Epoch Times via text. “After years of fighting for the voices of my generation to be heard, I’ve been given a date for trial. Every victim, every family who spoke up, every step in the culture, all led to this moment,” she said. ​“I’ve waited for my day in court, not just for my sake, but for that of every child who should’ve been protected from irreversible harm.” Kaiser Foundation Hospitals did not immediately respond to a request for comment regarding the lawsuit moving forward. However, the medical group told local news outlets in 2023 that it followed medical standards of “gender-affirming care.” ​Trammell also represents Luka Hein, whose case is expected to head to trial in early 2027. ​Hein’s Nebraska case names the University of Nebraska Medical Center Physicians, the Nebraska Medical Center, doctors, therapists, and others as defendants. Like others, Hein had both breasts removed in 2018, when she was 16, as the first step in her “gender-affirming care,” according to the lawsuit. Building Momentum Both medical malpractice cases could solidify gains made in the landmark Fox Varian v. Kenneth Einhorn case, which went to trial in New York last month. It marked the first time that a detransitioner case received a jury verdict. ​The Jan. 30 verdict held a surgeon and psychologist liable for malpractice surrounding the double mastectomy that Fox Varian received when she was 16. The jury found her psychologist, Kenneth Einhorn, and plastic surgeon, Dr. Simon Chin, liable for failing to communicate as required about Varian’s condition. One example was laid out in an October 2019 letter that Einhorn wrote to Chin in support of Varian’s surgery, which contained errors and omitted coexisting mental issues, including autism and depression. Chloe Cole stands near her home in Northern California on Aug. 26, 2022. John Fredricks/The Epoch Times The New York jury awarded Varian $2 million—$1.6 million for pain and suffering, and $400,000 for future medical expenses. ​The Fox verdict sent shockwaves through the gender medicine industry, while offering hope for other detransitioners. ​Trammell said that while medical negligence lawsuits aren’t new, those involving transgender medicine are. ​“How do you put a price tag on a young woman having her breasts amputated and potentially never being able to have a child?” he asked. ​The hope is that detransitioners will now see that they can win a legal victory. ​“I look at that as a tremendous, tremendous victory, not just for Fox Varian, but for other detransitioners who are maybe thinking about filing lawsuits,” he said. Chloe Cole holds a childhood photo in Northern California on Aug. 26, 2022. John Fredricks/The Epoch Times Trammell said that the success of medical negligence cases depends on establishing that doctors and hospitals failed to meet the standard of care. That’s why reviews of gender medicine, such as the recent one by the U.S. Department of Health and Human Services (HHS), are important, he said. ​That federal report rejected medical interventions for children with gender dysphoria, recommending therapy instead. ​The HHS report noted that evidence underpinning the alleged benefits of medical interventions in pediatric gender dysphoria was “very uncertain.” ​Trammell said the pediatric gender industry appears to be based more on politics than science. ​He pointed to European countries’ changing of their policies after studies showed problems with medical interventions for childhood gender dysphoria. The United States has lagged behind Europe in adjusting its approach to pediatric gender medicine, Trammell said. ​“It’s taken the U.S., unfortunately, years to even begin to catch up. And even still, there’s a ton of money and political power behind it,” he said. Tools for Justice ​Civil lawsuits can be tools for changing behavior on the market level, and the landmark Big Tobacco lawsuit settlement in 1998 is a case in point, Trammell said. ​“I think these cases uniquely present the opportunity to put an end to this barbaric industry because ... it’s driven by money and power,” he said. When doctors, hospitals, and insurers become financially liable for pediatric gender procedures, it will have a chilling effect, Trammell said. Chloe Cole speaks in support of the Protect Children's Innocence Act as Rep. Marjorie Taylor Greene (R-Ga.) looks on outside the U.S. Capitol in Washington on Sept. 20, 2022. Terri Wu/The Epoch Times ​Trammell said states have already helped protect vulnerable children by passing laws banning transgender-related hormone treatments and surgery for minors. However, state lawmakers could have a bigger impact by creating a carve-out on the statute of limitations for medical malpractice. In many states, lawsuits must be filed within two years of the alleged malpractice, but it can take children much longer to realize the harm they suffered. In Texas, 60 lawmakers signed a letter supporting a detransitioner’s case, heard on Feb. 11 by the Texas Supreme Court, that was originally dismissed based on the expiration of the statute of limitations. The state lawmakers vowed to support legislation next year to extend the statute of limitations for detransitioners. Soren Aldaco filed a lawsuit in 2023 asking for more than $1 million in damages, claiming that doctors pressured her into gender-reassignment procedures, gave her “life-altering” hormones at 17, and later “botched” a double mastectomy. Trammell said that at the very least, the statute of limitations on cases involving minors shouldn’t start until they turn 18. “They should have five to 10 years at least to be able to make those decisions for things that happen to them as 13-, 14-, 15-year-olds,” he said. Tyler Durden Tue, 02/17/2026 - 18:25

A panel of Nigerian lawmakers is investigating an estimated N8 trillion annual revenue loss due to tax waivers, aiming to strengthen incentive administration and safeguard public funds.

Lawmakers in Congress are reportedly developing plans to address the ongoing housing crisis in the United States.

It’s awkward, nobody seems to know what is going on, and the president’s thumb is at half-mast. It’s almost a metaphor for diplomatic relations between the US and the UK, writes Zoe Williams

A rift between the two men emerged in October 2024, when Kadyrov declared a “blood feud” against Kerimov and two other lawmakers.

US lawmakers are advocating for funding to provide VPN software to Iranian civilians, enabling them to circumvent government internet restrictions. US agencies are exploring methods to facilitate this access.

Lawmakers remain deadlocked on a deal as a partial government shutdown persists. Meanwhile, officials prepare for talks as the Ukraine war approaches its fourth anniversary.

Congress is on recess until Feb. 23, and both Democrats and Republicans appear dug into their positions.

Lawmakers, including those who wrote the law requiring their publication, argue the release is insufficient.

European leaders, particularly at the Munich conference, expressed concerns over US unpredictability and discussed "de-risking" from the US, exploring options like a European nuclear deterrent and greater unity on the global stage.

A delegation cancellation by Johnson has reportedly upended lawmakers' travel plans to a critical global summit, causing disruption for attendees.

An editor at The New York Times discussed the challenges of covering the State of the Union address under intense deadline pressure, especially when the president frequently deviates from the script.

Just hours apart on Capitol Hill on Tuesday, two congressional hearings laid bare the United States’ calibrated yet deeply sceptical approach to China, with senior officials stressing the pursuit of stable ties without trust and highlighting alleged Chinese efforts to steal or circumvent US technology restrictions. The officials’ appearances before Congress reflected bipartisan concern and underscored persistent tensions over trade and advanced technologies such as semiconductors, ahead of US...

Lawmakers' bill offers financial incentives for a Chicago Bears stadium in northwest Indiana.

Secretary of state’s address comes as US deploys largest force of aircraft and warships to Middle East since 2003 US politics live – latest updates Marco Rubio will deliver a rare briefing to top US lawmakers on Iran at the White House on Tuesday as Washington deploys its largest force of aircraft and warships to the Middle East since the 2003 buildup to the Iraq war. The audience for the secretary of state’s briefing is reported to include the so-called “gang of eight”, which includes the ...

A recent dispute initiated by former U.S. President Donald Trump regarding tariffs on European exports has led to a legislative impasse, causing EU lawmakers to postpone a vote on a trade deal.

Turkish authorities have initiated steps to remove the parliamentary immunity of main opposition leader Özgür Özel and two other lawmakers from his party, potentially leading to criminal proceedings.

Traffic stops on a rural California army base led to arrests by immigration agents, sparking fears among experts and lawmakers that these incidents could violate US law and indicate military coordination with ICE.

Elected officials from Hauts-de-France are urging Emmanuel Macron to intervene to prevent 800 job cuts at the struggling glassmaker Arc, as the sole takeover offer includes significant layoffs.

Indian-origin billionaire Vinod Khosla has strongly criticized US lawmakers Bernie Sanders and Ro Khanna. He called them 'morons' for warning about artificial intelligence's potential dangers. Khosla believes their concerns, driven by socialist or communist ideologies, will halt AI's beneficial advancements. These include breakthroughs in medicine, clean energy, and economic productivity.

The jury refused to indict Democratic lawmakers for a video in which they urged military members to resist illegal orders

Republican lawmakers have expressed concern and criticism over the appointment of Jennifer Daskal, a former Biden 'disinformation' lawyer, to advise the secretive Foreign Intelligence Surveillance Court (FISC).

European Union lawmakers have paused a key trade deal with the United States, seeking clarity after a Supreme Court ruling invalidated many of President Donald Trump's tariffs.

Seedance. Sora. Billions in VC cash. With each day bringing new visions of Armageddon, studios, talent and lawmakers are fiercely pushing back against a rewrite no one agreed to.

Opposition lawmakers in the House of Representatives have filed resolutions advocating for the Philippines to rejoin the International Criminal Court.

Tariffs need to become law or the federal budget will take a hit. Lawmakers have less than 150 days to decide.

A Hong Kong court has rejected appeals from 12 former pro-democracy lawmakers who were convicted under the National Security Law for anti-government activities.

Hong Kong authorities are planning to consult lawmakers on implementing booking systems and fees for popular tourist camping spots to address overcrowding, following criticism from an NGO regarding government inaction.

Colorado lawmakers are working on a bill that would make it illegal to 3D print firearms and gun parts within the state.

The measure is expected to be voted on next week by the New Jersey State Senate and Assembly before heading to the governor’s desk

A growing number of House and Senate members are choosing to retire or seek other offices, raising questions about the implications for the upcoming midterm elections.

A group of ex-members and veteran lawmakers have advanced an unusual lawsuit that could lead to larger salaries.

New York lawmakers are considering legislation that would dictate how publishers can and cannot utilize artificial intelligence in their operations.

Minnesota's legislative session has erupted into partisan battles, with lawmakers clashing over various issues and highlighting deep political divisions within the state.

An article criticizes California's economic policies, arguing that the state is squandering its fortune and menacing its top taxpayers, advocating for lawmakers to show restraint.

Germany is attempting to alleviate lawmakers’ fears regarding a stake in a Thiel drone firm.

The Chicago Bears’ long-running stadium search moved closer to becoming reality in Northwest Indiana on Thursday, as state officials signaled Hammond as the preferred site and lawmakers advanced legislation designed to support construction of a new NFL stadium. The shift comes as excitement around the franchise has surged following a strong season that included a […] The post Chicago Bears Move One Step Closer to Northwest Indiana appeared first on Capital B Gary.

One by one, South Carolina senators stood up at the Statehouse this week, saying they didn't want to wade into the rules about paying college athletes, but they couldn't bear to see their Gamecocks or Tigers left behind on the field or the court. Nearly every senator who spoke wished the NCAA, which oversees college athletics, would implement rules on what Name, Image and Likeness payments can be revealed or kept secret, rein in the transfer portal where athletes can switch schools yearly, or just do something to stop the extreme changes in the sports they've loved all their lives.

Lawmakers are expressing concern over the Trump administration's plan to 'deprioritize' oversight of student loan servicers, prompting Senator Elizabeth Warren to request information on their performance.

Billionaire Les Wexner, founder of L Brands, testified before Congress, claiming he was 'naive' and 'conned' by Jeffrey Epstein, who allegedly stole 'vast sums' of money from his family.

Panics, Politics, & Power: America's 3 Experiments With Central Banks Authored by Andrew Moran via The Epoch Times, The Federal Reserve, established more than a century ago, is the United States’ third experiment with central banking. For much of its existence, the institution maintained a low public profile. Only after the 2008 global financial crisis did the Fed begin communicating more openly, introducing post-meeting press conferences and allowing monetary policymakers to engage more frequently with the media. Greater transparency, however, has brought greater scrutiny. Public sentiment toward the Fed and its leadership has fluctuated over the years. Today, YouGov polling suggests the central bank is viewed favorably by 44 percent of Americans and unfavorably by 18 percent. If the Fed pursues a series of reforms, it will have “another great 100 years,” said Kevin Warsh, who was nominated by President Donald Trump to serve as the institution’s next chair. Comparable to past central banks, Warsh said, the current Federal Reserve System is beginning to lose the consent of the governed. “You can think about the Jacksonians of prior times say that the central bank seems like they’re trying to focus and they’re all preoccupied with those special interests on the East Coast, and they’ve lost track of what’s happening to us in the center of the country,” Warsh said in a July 2025 interview with the Hoover Institution’s Peter Robinson. “It’s a version of what worries me today.” What happened in the past, and why is it relevant to today’s central bank? The First Bank of the United States In the aftermath of the American Revolution, the United States faced a series of immense economic disruptions, forcing the nation’s architects to rebuild the economy. The objective was to lower inflation, restore the value of the nation’s currency, repay war debt, and revive the economy. Alexander Hamilton, the first secretary of the Treasury under the new Constitution, proposed establishing a national bank modeled on the Bank of England. Hamilton stated that a U.S. version would perform various duties, including issuing paper money, serving as the government’s fiscal agent, and protecting public funds. Not everyone shared Hamilton’s ebullience over a central bank. Thomas Jefferson, for example, feared that such an institution would not serve the nation’s best interests. Additionally, Jefferson and other critics argued that the Constitution did not grant the government the authority to create these entities. Nevertheless, Congress enacted legislation to establish the Bank of the United States. President George Washington then signed the bill in February 1791. Two of America's founding fathers: Thomas Jefferson (L) and Alexander Hamilton. The White House While bank officials did not conduct monetary policy as modern central banks do, they did influence the supply of money and credit, as well as interest rates. The entity managed the money supply by controlling when to redeem or retain state‑bank notes. If it sought to tighten credit, it would require payment in gold or silver, thereby draining state banks’ reserves and limiting their ability to issue new notes. If it wanted to expand credit, it simply held on to those notes, boosting state‑bank reserves and enabling them to lend more. By 1811, the national bank’s charter expired. While there had been discussions of allowing it to continue maintaining operations, Congress—both chambers—voted against renewing its mandate by a single vote. Its closure came shortly before the War of 1812, which fueled inflation and weakened the currency. Second Bank of the United States Lawmakers believed another central bank was critical at a time of fiscal, inflationary, and trade pressures. Congress used a similar 20-year model to produce the Second Bank of the United States, headed by Nicholas Biddle. The second incarnation had a federal charter, was privately owned, and was tasked with regulating state banks (with gold and silver for note redemption). President James Madison, who opposed the first central bank on constitutional grounds, supported the new institution out of financial necessity. Its creation stabilized credit and brought down inflation. However, by the 1830s, the bank faced strong opposition, particularly from President Andrew Jackson. Labeled the Bank War, Jackson engaged in a years-long initiative to dissolve the central bank. Jackson claimed the national bank was a tool for the wealthy eastern elite and a threat to self-government. “The Jacksonians described themselves as conscious hard-money men who supported the rigid discipline of the gold standard, yet they opposed the newly powerful national Bank because it restrained the expansion of credit and, thus, thwarted robust economic expansion,” author William Greider wrote in “Secrets of the Temple.” In 1832, Jackson vetoed legislation to recharter the bank four years early, delivering a fiery message that historians say was one of the most important vetoes in the nation’s history. “It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government,” Jackson wrote. “There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me, there seems to be a wide and unnecessary departure from these just principles.” The charter expired in 1836, leading to the panic of 1837. An economic crisis unfolded, leading to bank failures, business bankruptcies, rising unemployment, and contracting credit. While the collapse of the central bank is often considered a leading cause, the British also urged London banks to reduce credit to American merchants, causing a sharp drop in global trade. As the smoke cleared and dust settled, it was not until the 1840s that the United States embarked on a historic economic recovery, now known as the Free Banking Era. Banking was decentralized, and finance was largely unregulated. Despite an erratic financial system, the U.S. economy grew rapidly: agricultural production accelerated, railroads were built, and the country expanded westward. Additionally, deflation was paramount throughout most of the economic expansion. The Federal Reserve System The panic of 1907 led to the creation of the Federal Reserve System. Following years of heavy borrowing, speculative commodities investments (mainly copper), and enormous stock market gains, a financial crisis was brewing. The event nearly brought down the U.S. banking system. J.P. Morgan, a financier, intervened and emulated the actions of modern central banks. He met with the nation’s top bankers, facilitated emergency loans to financial institutions, and backed stockbrokers. The damage had been done as the United States fell into a year-long recession, marked by high unemployment and widespread bank failures. The Federal Reserve Board of Governors seal in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times Washington realized that it could not rely on private bailouts to prevent sharp downturns. Sen. Nelson Aldrich (R-R.I.) is widely regarded as one of the chief architects of the modern Federal Reserve System. In 1910, Aldrich hosted the famous Jekyll Island meetings, a gathering of U.S. officials and bankers, to discuss the blueprint of a new central bank. While the initial draft laid the foundation for the institution, the official Federal Reserve Act was drafted by President Woodrow Wilson, Rep. Carter Glass (D-Va.), and H. Parker Willis, an economist on the House Banking Committee. The new system was a public-private hybrid, with the federal government firmly in charge, and bankers running the regional reserve banks. “It was Wilson’s great compromise,” wrote Greider, “creating a hybrid institution that mixed private and public control, an approach without precedent at the time.” The legislation triggered a contentious political debate over the extent of its independence from the Treasury and the degree of authority delegated to policymakers over currency issuance. Days before Christmas, the bill cleared both chambers and was signed into law by Wilson on Dec. 23. “Wilson’s conviction that he had struck the right moderate balance seemed confirmed, however, by the reactions to his legislation,” Greider noted. “It was attacked by both extremes—the ‘radicals’ from the Populist states and the bankers in Wall Street and elsewhere.” Since its inception in 1913, the modern Federal Reserve has undergone numerous changes and has gained greater power. The New Deal, for instance, allowed the Fed to become the lender of last resort as Washington learned the central bank could not prevent bank failures. In 1951, the Treasury-Fed Accord restored central bank independence after the Federal Reserve had been forced to keep interest rates artificially low throughout the Second World War. Congress then enacted the Federal Reserve Reform Act in 1977, establishing the dual mandate of promoting maximum employment and maintaining price stability. 2026 and Beyond Over the past 50 years, the Fed has undergone modest changes, including the issuance of forward guidance and the disclosure of emergency lending facilities. But while each new regime has nibbled around the edges, Warsh has suggested he could effect substantial reforms at the central bank. “Until there’s regime change at the Fed and new people running the Fed, a new operating framework, they’re stuck with their old mistakes,” Warsh told Fox Business Network in October 2025. “Bygones aren’t just bygones.” Tyler Durden Wed, 02/18/2026 - 16:20

Lawmakers in Peru are set to elect the country's next president following a recent ouster, marking another period of political instability.

Turkish lawmakers have begun voting on a draft report from the National Solidarity, Brotherhood and Democracy Committee of Parliament, aiming to disarm the PKK and advance a 'terror-free Türkiye' initiative.

Lawmakers are preparing to vote on legislation aimed at preventing future air collisions, prompted by a report on a deadly crash near Reagan National Airport that killed 67 people.

A bipartisan chorus of lawmakers and national security experts in Washington is calling on the administration of US President Donald Trump to convene a Quadrilateral Security Dialogue leaders’ summit ahead of Trump’s expected meeting with Chinese leader Xi Jinping in April. The push aims to project a unified front among Indo-Pacific democracies and prevent potential misunderstandings during high-stakes negotiations with Beijing. The Quad, an informal grouping that also includes Japan and...

Amid the rowdiness, the opposition lawmakers, out of frustration, staged a walkout of the chamber in protest, chanting “APC, Ole.” The post Reps pass Electoral Amendment Act Bill amidst rowdy session appeared first on Premium Times Nigeria.

Lawmakers in Congress are exploring various legislative strategies to tackle the ongoing housing crisis.

At least 20 federal suits filed against companies like Kalshi and Polymarket as lawmakers call it ‘loophole’ for gambling State lawmakers and gaming regulators across the US are escalating their fight against prediction markets, arguing that the fast-growing platforms are “basically gambling but with another name”. At least 20 federal lawsuits have been filed nationwide, disputing whether companies such as Kalshi and Polymarket should be treated as federally regulated financial exchanges, as they maintain, or as gambling operations that should be regulated like state-licensed sportsbooks. Continue reading...

South Korea is exploring revisions to its migrant worker visa system, with lawmakers proposing to broaden job opportunities for foreign students and the government considering related policy changes.

Nigeria's National Assembly has approved a N1.5 trillion allocation for the Nigerian Army in the 2026 budget. Lawmakers have pledged to ensure the timely release of these budgeted funds to the military.

A grand jury has refused to indict Democratic lawmakers in connection with a video allegedly depicting illegal military orders.

Lawmakers remain at an impasse, showing no progress towards resolving the partial government shutdown, particularly affecting the Department of Homeland Security.

A letter to the editor argues that property taxes should not be the primary funding source for Ohio schools, urging lawmakers to find alternative financial solutions.

Lawmakers, including those who wrote the law requiring their publication, argue the release is insufficient.

Memo sent to state lawmakers threatens to escalate feud between the White House and conservative states

Donald Trump is facing criticism from within the Republican party regarding his alleged efforts to block the release of Epstein files. Congressmen like Thomas Massie have publicly linked Trump's presidency to the ongoing controversy.

Senate Democrats are demanding explanations regarding the U.S. decision to lift sanctions on spyware. The move has raised concerns among lawmakers about national security and human rights implications.

Japanese Prime Minister Sanae Takaichi was under pressure on Wednesday after it emerged she gave congratulatory gift catalogues to lawmakers from her ruling Liberal Democratic Party (LDP) following its landslide election victory this month. Each of her party’s 315 MPs was given the option to choose an item from the catalogue “as an expression of appreciation for their success at this very tough election”, Takaichi wrote in a social media post, saying that no taxpayer money was used. The...

President Donald Trump got applause from Democrats and Republicans alike when he called in his State of the Union address for Congress to stop insider trading among lawmakers.

DHS accuses Democratic lawmakers of hosting "illegal aliens" and those allegedly arrested for obstructing ICE operations as State of the Union guests.

A Japanese prime minister, in a post on X, stated that no state grants for the LDP were used for gift catalogs distributed to LDP lawmakers in the lower chamber of parliament.

A group of four members of the U.S. Congress issued a statement supporting Ukraine's struggle on the fourth anniversary of Russia's full-scale invasion.

US lawmakers have released a report detailing their findings on the alleged persecution of Christians in Nigeria, following the nation's categorization as a 'country of particular concern' by former President Donald Trump.

The opposition will lose three senators while the ruling party will strengthen its legislative muscle by gaining one La entrada LLA gains senate presence as Peronism continues to bleed lawmakers se publicó primero en Buenos Aires Herald.

UK Parliament is set to debate a motion calling for the release of confidential documents related to former Prince Andrew and his links to Jeffrey Epstein, prompting a re-examination of royal family accountability.

Taiwan is at risk of missing out on three US-approved weapons packages for the first time because of delays to a stalled NT$1.25 trillion (US$40 billion) special defence budget in the legislature. The unprecedented situation has prompted Defence Minister Wellington Koo Li-hsiung to urge opposition lawmakers to give the budget emergency authorisation ahead of a March 15 deadline, when letters of offer and acceptance for three arms deals will expire. If the deals – to buy M109A7 self-propelled...

Ten PKR lawmakers in Malaysia are threatening to withhold support for a constitutional amendment to split the Attorney-General and Public Prosecutor roles unless Parliament is granted oversight and veto powers over the new prosecutor.

Indiana lawmakers have advanced a bill that could facilitate the Chicago Bears' relocation to a new stadium in Hammond, Indiana, sparking a bidding war with Illinois.

Amir Ohana has instead invited former MKs to join the session in place of opposition lawmakers, with Yair Lapid calling on the PM to order Ohana to invite Amit.

The International Football Association Board (IFAB) wants to limit time-wasting at this summer’s World Cup

EU lawmakers have indicated that they will freeze a trade deal with the United States.

MANILA, Philippines — The organizer of the Trillion Peso March remained optimistic amid the perceived “protest fatigue” following massive demonstrations against the multibillion-peso corruption scandal involving flood control projects. Massive protests erupted last year after revelations that several flood control projects were either overpriced or non-existent due to the alleged collusion of lawmakers, private contractors,

KUALA LUMPUR, Feb 23 — Four Pakatan Harapan federal lawmakers today called on the federal government to suspend th...

Following an investigation into the health impacts of toxic lead, UK lawmakers and academics have issued a letter calling for all children in the country to be screened for lead exposure.

A new bill aims to give the Chief Rabbinate control over Western Wall prayer arrangements, with coalition lawmakers pushing for its passage.

An APC chieftain expressed strong confidence in the party's victory in the upcoming Osun governorship election, citing President Tinubu’s achievements and recent defections of lawmakers.

The All Progressives Congress (APC) has won the by-elections for the Kano Assembly, which were held to fill vacancies left by the death of two lawmakers last December.

The sons of the two deceased lawmakers—Aminu Sa’adu Jr. and Nabil Daneji—are vying for the vacant seats. Both are contesting on the platform of the All Progressives Congress (APC). The post Voters’ apathy marks Kano bye-election appeared first on Premium Times Nigeria.

Rival parties in South Korea's National Assembly have confirmed plans to proceed with legislation concerning the country's investment pledges to the United States.

As Indiana and Illinois lawmakers spar over where the Chicago Bears should build a new stadium, even Illinois Gov. JB Pritzker acknowledged Friday the team’s next home is unlikely to rise within Chicago’s city limits. “I think now there’s a common understanding by most of the (Illinois) General Assembly that they’re not going to be able to build in the city of Chicago,” Pritzker said. Pritzker’s pronouncement came a day after Indiana lawmakers took another step toward potentially luring the...

Amid public outcry over a driver's arrest in a deadly LRT incident, lawmakers and officials are advocating for changes in police traffic rules to avoid automatic arrests in road accidents.

The consultation’s setting shows this paradox: Cebu and much of the Visayas remain strongholds of influential political clans, which is the very concentration of power the proposed measure seeks to regulate

Following a fatal crash, US House lawmakers are proposing a comprehensive aviation safety bill to address concerns and improve air travel safety.

RNC and two GOP lawmakers sue to stop Virginia Democrats' push to redraw congressional maps, claiming constitutional violations in amendment process.

Over 150 European ex-diplomats and lawmakers have urged France’s foreign minister to retract “inaccurate” comments made about a UN expert.

Billionaire Lex Wexner, former CEO of Victoria's Secret, testified before US lawmakers, asserting that he was 'naive' and 'conned' by Jeffrey Epstein, who allegedly stole 'vast sums' from his family.

Nigerian lawmakers have expressed concern over the allocation for the intelligence sector in the 2026 budget, arguing that the funding does not align with President Bola Tinubu’s commitment to strengthening national security.

Former CFPB Director Rohit Chopra reached a settlement with Navient over claims the lender overcharged student-loan borrowers. Michael A. McCoy/Getty Images Student-loan borrowers are now receiving checks from a $100 million settlement by Navient. A government watchdog accused Navient of misleading borrowers on their repayment options. The settlement comes as the Trump administration has reduced student-loan oversight. Student-loan borrowers, check the mail: there might be some money waiting for you. The Consumer Financial Protection Bureau — a federal watchdog — announced that on February 13, checks began going out in the mail to student-loan borrowers who qualified for a portion of the settlement the agency reached with major lender Navient in 2024. The settlement resolved claims from a 2017 lawsuit that accused the servicer of misleading borrowers about their repayment plan options, leaving them "cheated" out of lower monthly payments. The settlement permanently banned Navient from servicing federal student loans and required it to return $100 million to borrowers. Do you have a story to share about your experience with private student loans? Reach out to this reporter at asheffey@businessinsider.com. The payments are ongoing, and the CFPB has contracted with Rust Consulting — a firm that manages settlements — to administer them. The CFPB said in its latest announcement that the payments do not reduce any student loans that borrowers currently have. "I think there's been millions of Americans who could have avoided the consequences of default if they had been treated properly by their servicer," Former CFPB Director Rohit Chopra told Business Insider in 2024 after the settlement was announced. In addition to misleading borrowers about their payment plans, the CFPB accused Navient in its lawsuit of making errors in processing borrowers' payments, failing to deliver relief to defaulted borrowers, and misrepresenting cosigner requirements for taking out loans. Navient did not deny any wrongdoing and said in a statement at the time that "while we do not agree with the CFPB's allegations, this resolution is consistent with our go-forward activities and is an important positive milestone in our transformation of the company." The settlement was reached under former President Joe Biden, and it's unlikely that the Trump administration will pursue similar oversight. President Donald Trump slashed CFPB staff as part of his broader effort to reduce the federal workforce, and an April 2025 internal memo from the CFPB's chief legal officer called on the CFPB to "deprioritize" oversight over student loans. With Trump's looming changes to student-loan repayment, oversight over the industry could be even more critical, some lawmakers and policy experts have said. The Department of Education's plan to place lower caps on borrowing could push some borrowers into the private lending market, which lacks federal protection and could have higher interest rates. "Student debt places a tremendous burden on borrowers, their families, their communities, and the U.S. economy, driving employment, spending, and housing decisions that have long-lasting negative impacts on borrowers' financial health," a group of Democratic lawmakers wrote in a letter last year. "Placing a greater share of student loans into the hands of private lenders threatens to make these problems much worse." Read the original article on Business Insider

Turkish lawmakers are set to vote on a report that could advance the peace process with the PKK.

ISLAMABAD: A distri­­ct and sessions court on Tu­­esday directed the prosecution to ensure appearance of former prime minister Imran Khan at the next hearing either in person or through a video link, while extending his pre-arrest bail in five ca­­s­es, including the attem­p­ted murder of ex-minister Mohsin Shahnawaz Ranjha. Judge Muhammad Afzal Majoka restrained police from arresting the PTI founder in the said cases and also extended the pre-arrest bail of Bushra Bibi in one related matter. The hearing was adjourned till Feb 18. During the proceedings, the PTI founder Imran Khan and Bushra Bibi were represented by their legal team. However, despite earlier directions, the former prime minister could not be produced before the court through a video link. Owing to his absence and the unavailability of his counsel, Barrister Salman Safdar, arguments on the acquittal application could not be advanced. The court subsequently directed that the PTI fou­nder must appear at the next hearing either personally or via video link. The cases against the PTI founder stem from the May 9 incidents and incl­ude charges of attempted murder, submission of fake receipts and other offences. A separate case has also been registered against Bushra Bibi for allegedly submitting fake receipts. Also, Additional Distr­ict and Sessions Judge Amir Zia extended the interim bail of Bushra Bibi in a case related to the November 26 protest. Meanwhile, ATC Judge Tahir Abbas Sipra deferred indictment proceedings in the Sangjani Jalsa case due to the non-appearance of the accused PTI lawmakers. Published in Dawn, February 18th, 2026

A debate over the electronic transmission clause in Nigeria's Electoral Act has led the Senate into a closed-door session, as lawmakers consider rescinding a previous amendment.

The 'truth commission' will interview victims who say they were abused at the sprawling property south of Santa Fe.

European Parliament has disabled built-in AI features on work devices due to cybersecurity and data protection fears. Tools like writing assistants and summarizers were found to be sending data to cloud servers. Lawmakers are also advised to exercise caution with AI on personal devices. This follows previous bans on apps like TikTok.

The former president appeared to confirm decades-old conspiracy theories. Lawmakers say Barack Obama is simply saying what many Americans already believe.

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US yields touched the lowest since December on Friday. The path of US interest rates remains in focus following Friday’s slower-than-expected US inflation print as traders fully price a Fed cut in July and the strong chance of a move in June.   “The backdrop for equities is positive post CPI,” said Andrea Gabellone, head of global equities at KBC Securities. At the same time, there could be “more dispersion ahead as sentiment around key AI-exposed sectors is still very critical,” he added.  That sentiment was echoed by other strategists seeking to distinguish between AI losers and winners. A JPMorgan Chase & Co. team led by Mislav Matejka urged caution on stocks at risk of AI-driven “cannibalization,” including software, business services and media companies. Meanwhile, banks are developing baskets to capitalize on the divergence: as we first reported last Thursday, Goldman launched a new basket of software stocks that goes long firms that will benefit from AI adoption, while shorting the companies whose workflows could be replaced. With AI disruption rippling through markets, a lot will come down to earnings resilience, in particular in the US.  “When you look at the current earnings season, the companies are showing 13% of growth,” Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan, told Bloomberg TV. “Overall, this is the reason why we continue to be positive on the S&P.” Later this week, traders will be watching for ADP private payrolls numbers on Tuesday and the minutes from the Fed’s January meeting on Wednesday for a fresh read on the economy. European stocks gained with bank shares rebounding, after posting their biggest weekly decline since April on worries about disruption from artificial intelligence. The basic resources sector lags, with Norsk Hydro among Europe’s worst performers as both Goldman Sachs and RBC downgrade the stock. Stoxx 600 rises 0.4% to 620.26 with 253 members down, 336 up, and 11 unchanged. Here are some of the biggest movers on Monday:  NatWest shares rise as much as 4%, the most since October, as Citi analyst Andrew Coombs raises his price target on the UK bank to a Street-high. Seraphim Space shares rise as much as 9.2%, briefly hitting a new all-time high, after the space tech investment firm said the valuations of its four largest holdings increased over the final months of 2025. AECI shares rally as much as 6.1%, the most since July, after the South African commercial-explosives maker shared improved 2025 headline earnings per share guidance. Orsted shares rise as much as 3.8% after analysts at Kepler raise the recommendation to buy from hold over the Danish renewable energy firm’s outlook, despite ongoing uncertainty for the industry in the US. Norsk Hydro shares fall as much as 4.4%, extending Friday’s 5.9% earnings-triggered drop, after being downgraded at Goldman Sachs and RBC over disappointments and pricing pressures in the Norwegian aluminum company’s downstream business. Galderma shares slip as much as 2.2% after naming Luigi La Corte as its new chief financial officer following the news back in July that Thomas Dittrich was departing. Pinewood Technologies shares tumble as much as 32%, the most since April 2024, after Apax Partners said on Friday it will not proceed with a possible cash offer for the car dealership software provider. FlatexDEGIRO shares drop as much as 7.2% after BNP Paribas downgraded the online brokerage firm to neutral from outperform, saying the price reflects too much optimism about its market position in Germany. Maurel & Prom shares slump as much as 12%, pulling back after ending last week at a 2015-high, after announcing it is not currently authorized to resume oil and gas operations in Venezuela. Barratt Redrow shares fall as much as 3.7%, leading a drop in British homebuilders after Rightmove said house prices are stalling. Asian stocks slipped for a second day, led by declines in Japan as traders booked profits after last week’s post-election rally. Several markets were closed or held shortened trading sessions for the Lunar New Year holiday. The MSCI Asia Pacific Index was down 0.1%. Japan’s Topix Index fell 0.8%, with Mizuho Financial Group Inc. and Toyota Motor Corp. among the companies contributing to the index’s losses.In Hong Kong, AI model developer Minimax Group Inc. surged as much as 30% to more than four times its original listing price, while competitor Knowledge Atlas JSC Ltd. ended 4.7% higher. The market will be closed until Thursday. As investors across the region begin to reevaluate their bets on its artificial-intelligence-driven rally, traders in Japan cashed in gains driven by expectations of Prime Minister Sanae Takaichi’s proactive spending policies last week.Trading in Singapore ended early Monday and will be shut until Wednesday. Equity markets in mainland China, South Korea, Indonesia and Vietnam were closed.  In FX, the yen is the notable mover in currencies, weakening 0.5% against the dollar and pushing USD/JPY back above 153. The offshore yuan is one of the better performers against the greenback. The Bloomberg Dollar Spot Index rises 0.1%. There is no cash trading in Treasuries due to the Presidents’ Day holiday. European government bonds are little changed In commdities, gold dipped below $5,000 an ounce, as traders booked profits from a gain in the previous session. Bitcoin tried anf ailed to stage a modest rebound; it last traded around $68,275 after posting its fourth consecutive weekly loss, with the cryptocurrency struggling to find clear direction as a weekend rally fizzled once the momentum ignition algos emerged.  WTI crude futures tread water near $62.90 a barrel.  Top Headlines President Trump said there will be voter ID rules in the mid-term elections this year, whether Congress approves it or not, and they will present a legal argument in an Executive Order. Furthermore, Trump said he has searched the depths of legal arguments not yet articulated nor vetted on this subject, and they will be presenting an irrefutable one in the very near future. Iran says potential energy, mining and aircraft deals on table in talks with US: RTRS Pentagon threatened to cut its ties with Anthropic over the company’s insistence that some limitations are kept on how the military uses its AI models: RTRS UK eyes rapid ban on social media for under 16s, curbs to AI chatbots: RTRS Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis: BBG Warner Bros. Weighs Reopening Sale Negotiations With Paramount: BBG Companies Are Replacing CEOs in Record Numbers—and They’re Getting Younger: WSJ Europe aims to rely less on US defence after Trump's Greenland push: RTRS DOJ Tells Lawmakers Epstein File Redactions Complied With LawL BBG For College Applicants, Pressure to Make Summers Count Has Gotten Even Worse: WSJ Fed's Goolsbee (2027 voter) said on Friday that they are still seeing pretty high services inflation, and he hopes they have seen the peak impact of tariffs, while he added that the job market has been steady, with only modest cooling.  The Break Is Over. Companies Are Jacking Up Prices Again: WSJ Trade/Tariffs USTR Greer said the US and Ecuador expect to sign a trade agreement in the coming weeks. China will waive import value-added taxes on selected seeds, genetic resources, and police dogs through to 2030 to increase agricultural competitiveness and breeding capacity. It was also reported that China will grant zero-tariff access to 53 African nations from May 1st, according to Bloomberg. Chinese Foreign Minister Wang Yi told his French and German counterparts that China and the EU are partners, not rivals, while he added that China and the EU should manage differences, deepen practical cooperation and work together on global challenges. A more detailed look at global markets courtesy of Newsquawk APAC stocks began the week in the green but with gains limited following a lack of major fresh catalysts from over the weekend and amid thinned conditions owing to holiday closures in the region and North America. ASX 200 traded marginally higher with upside led by tech, although gains are capped by underperformance in the utilities, mining, materials and resources sectors, while participants also digested a slew of earnings releases. Nikkei 225 traded indecisively with the index constrained by disappointing Japanese preliminary Q4 GDP data, which showed the economy returned to growth but failed to meet expectations with GDP Q/Q at 0.1% (exp. 0.4%), and annualised GDP at 0.2% (exp. 1.6%). Hang Seng finished higher in a shortened trading session on Chinese New Year's Eve but with upside limited by tech weakness amid some confusion after the Pentagon added several companies including Baidu, Cosco, BYD, Huawei, Nio, SMIC, Tencent, and more to a list of Chinese firms aiding the military on Friday, but then withdrew the updated list shortly after it was posted. Furthermore, price action was also restricted by the closure of mainland markets and the absence of stock connect flows, which will remain shut for more than a week. US equity futures kept afloat in quiet trade amid the absence of drivers and participants. European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 0.4% on Friday. Asian Headlines Chinese President Xi called for the anchoring of economic growth around domestic demand as its main driver, in a speech during a key policy meeting late last year that was released on Sunday. China is to establish a permanent financial support framework to promote rural revitalisation and prevent a slide back into poverty, which represents a shift from transitional aid to long-term support. China’s market regulator summoned major online platform companies on Friday, including Alibaba, Douyin and Meituan, while it directed them to comply with laws and regulations, and rein in promotional practices, according to Bloomberg. US Secretary of State Rubio and Japanese Foreign Minister Motegi reaffirmed their commitment to deepen bilateral ties. Disney (DIS) sent a ‘cease and desist’ letter to ByteDance over Seedance 2.0 and alleged that ByteDance has been infringing on its IP to train and develop an AI video generation model without compensation, according to Axios. It was later reported that ByteDance said it would curb its AI video app following Disney's legal threats, according to the BBC. RBI tightened rules for loans provided to brokers and proprietary firms in an effort to reduce market speculation FX DXY eked slight gains in rangebound trade after a lack of major catalysts and with US participants away on Monday. EUR/USD was little changed amid the absence of any major macro catalysts and with light newsflow from the bloc, while comments from ECB President Lagarde and news that the ECB is to make its repo backstop available to other central banks across the world, did little to spur price action. GBP/USD held on to most of Friday's spoils but with price action contained by resistance around 1.3650 and following comments from BoE's Mann that the UK economy is sluggish and tepid, with consumers spending less due to being scarred by high inflation. USD/JPY edged higher and returned to above the 153.00 level in the aftermath of the weaker-than-expected preliminary Q4 GDP data for Japan. Antipodeans were mixed with little fresh macro drivers and a lack of tier-1 data from either side of the Tasman. Fixed Income 10yr UST futures traded little changed and held on to last week's spoils after returning above the 113.00 level in the aftermath of the softer US inflation data, while price action was contained to start the week by the closure of US cash markets for Washington's Birthday. Bund futures lacked demand in the absence of any major catalysts and with light newsflow from the bloc. 10yr JGB futures were marginally higher following disappointing preliminary GDP data for Q4, but with gains limited after failing to sustain a brief reclaim of the 132.00 level. Commodities Crude futures were rangebound amid light energy-specific newsflow from over the weekend and after last Friday's indecisive performance, where attention was on a source report that noted OPEC+ is leaning towards resuming oil output hikes from April, but with no decision made. Slovak PM Fico said he has information that the Druzhba pipeline has been fixed after damage in Ukraine, although he believes that supplies to Hungary and Slovakia have become a part of political blackmail. Spot gold took a breather after edging higher in the aftermath of the recent softer-than-expected US inflation data, with price action also contained by the holiday closures across Asia and North America. Copper futures were subdued, with their largest buyer away for more than a week due to the Chinese New Year/Spring Festival holiday. Texas venture-backed startup Hertha Metal vowed mass production of steel with 25% cost savings, which could reduce US reliance on imports. Geopolitics: Middle East US military is preparing for potential operations against Iran that could last for weeks if US President Trump orders an attack and the US fully expects Iran to retaliate, according to sources cited by Reuters. US President Trump told Israeli PM Netanyahu during a meeting in December that he would support Israel striking Iran’s ballistic missile program if the US and Iran are not able to reach a deal, according to CBS. Iran confirmed that indirect talks between the US and Iran will resume in Geneva on Tuesday under the mediation of Oman, while Iranian Foreign Minister Araghchi left for Geneva on Sunday. Iranian diplomat said Iran is open to nuclear deal compromises if the US discusses lifting sanctions, while it was also reported that Iran said potential energy, mining and aircraft deals are on the table in talks with the US. Israel’s cabinet approved the proposal to register West Bank lands as ‘state property’, while Palestinians condemned the ‘de facto annexation’ which Peace Now said likely amounts to a ‘mega land grab’. Geopolitics: Ukraine US President Trump said on Friday that Ukrainian President Zelensky is going to have to get moving and that Russia wants to get a deal. US Secretary of State Rubio said they don’t know if Russia is serious about finding an end to the war in Ukraine and will continue to test it, while it was reported that he met with Ukrainian President Zelensky on security and deepening defence and economic partnerships. Ukrainian drones targeted Russia’s Taman seaport and fuel tanks in the Black Sea region. UK and European allies were reported on Friday to be weighing seizing Russian shadow fleet ships and tightening curbs on Russia's economy. French Foreign Minister Barrot said some G7 nations have expressed a willingness to proceed with a maritime services ban on Russian oil, which they hope to include in the 20th sanctions package that they are actively preparing. Geopolitics: Other European Commission President von der Leyen said that they face the very distinct threat of outside forces trying to weaken their union, while she added that mutual defence is not an optional task for the European Union; it is an obligation within their own treaty, and it is their collective commitment to stand by each other in case of aggression. Pentagon said the US military struck an alleged drug cartel boat in the Caribbean, which killed three people. DB's Jim Reid concludes the overnigt wrap I hope you all had a good weekend. To stay in Winter Olympics mood the family watched "Cool Runnings" last night. I haven't seen it for 32 years. Please don't tell anyone but I had a few tears in my eyes at the end. I blamed it on the hay fever that has now started. There will be a lot of tears out there in markets for other reasons at the moment. Just two weeks ago, the idea of AI-driven disruption still felt like an abstract, almost academic thought experiment—something we could safely revisit once we had clearer evidence of how AI would be deployed and integrated across the economy. Fast forward 14 days, and markets have wiped out well over a trillion dollars of global equity value on the fear that AI could fundamentally reshape business models and compress profitability across a wide range of industries, including software, legal services, IT consulting, wealth management, logistics, insurance, real estate brokerage and commercial real estate. Some of the sell off in “old economy” sectors feels overdone to me. But as I argued in our 2026 World Outlook back in November, the real challenge is that even by the end of this year we still won’t have enough evidence to identify the structural winners and losers with confidence. That leaves plenty of room for investors’ imaginations—both optimistic and pessimistic—to run wild. As such big sentiment swings will continue to be the order of the day. My instinct is that the reaction in things like commercial real estate, for example, has been particularly exaggerated. Markets seem to be extrapolating a scenario in which vast numbers of white collar workers are made redundant almost overnight, leading to a dramatic collapse in office demand. If that view turns out to be correct, we’ll be facing societal challenges far larger than anything currently being priced into equities. While trying to catch a falling knife may be too risky for many, beginning to cushion the descent could be sensible in many old economy sectors. Markets can’t sustain a disruption narrative across multiple sectors for months or quarters without concrete evidence — and that evidence is likely to take much longer to emerge. Fascinating times. As for this week, today is a US holiday but inflation will remain in the spotlight at a global level after Friday's slightly softer US CPI which helped contribute to a decent rates rally to end the week. Prints are due in the US (PCE - Friday), the UK (Wednesday), Canada (Tuesday) and Japan (Friday). Other economic highlights will include the FOMC minutes (Wednesday), Q4 GDP in the US (Friday), as well as the global flash PMIs (Friday). Earnings reports will feature Walmart (Thursday), Nestlé (Thursday) and BHP (today). It's the earnings calm before next week's Nvidia storm. In the US, this holiday shortened week (President's Day today) features a data calendar dominated by releases that were pushed back by last year’s government shutdown. The most consequential updates will land on Friday, when the advance estimate of Q4 GDP arrives alongside December’s personal income and consumption figures—key inputs for shaping expectations for the early part of this year. For markets assessing the underlying pulse of demand heading into 2026, private final sales to domestic purchasers (PFDP) will carry more weight than the headline GDP print. This indicator—closely monitored by Fed Chair Powell—is expected by our economists to slow to 2.0% from 2.9% in Q3, though risks appear tilted upward. One swing factor: Wednesday’s durable goods report, where modest gains outside of transportation could soften the deceleration. On the consumer front, real PCE growth is expected to cool to 2.5% after two quarters of outsized strength but should still signal ample momentum heading into the new year. Friday’s income and spending report will also offer the latest reading on core PCE, the Fed’s preferred inflation gauge. Our economists expect another 0.4% monthly increase for December, lifting the year over year rate to 2.9%. Updated seasonal factors from last week’s CPI release suggest some mild downward pressure on inflation trends in the second half of 2025. Still, January’s CPI data, although softer than we anticipated, do not translate into equivalent relief for core PCE—in fact, our team currently sees another 0.4% gain for January's release (delayed until March 13th). Depending on the strength of medical services, airfare, and portfolio management components in the upcoming PPI report, a 0.5% monthly rise cannot be ruled out, which would push the year over year rate toward 3.1%. So don't get too excited about the softer CPI last week and the huge rates rally. Additional releases this week will help clarify whether recent severe winter weather has disrupted factory sector activity. January industrial production, due Wednesday, should benefit from a jump in utility output, while weather effects may weigh on the Empire State Survey tomorrow and the Philadelphia Fed survey on Thursday. Labor market data will also be in focus, particularly Thursday’s jobless claims, which line up with the survey week for the February employment report. As our economists have pointed out, private nonfarm job gains have averaged 103k over the past three months, slightly above the pace at this point in 2025 and matching the start of 2024. See their latest US employment chartbook here. This week will also feature a dense lineup of Federal Reserve speakers which you can see alongside all the key global data in the day-by-day week ahead calendar at the end as usual. Moving away from the US, inflation will also be in focus in Japan (Friday) and Canada (tomorrow). For the former, our Chief Japan Economist sees the January nationwide CPI showing a slowdown in both core CPI inflation ex. fresh food to 2.1% YoY (+2.4% in December) and core-core CPI inflation ex. fresh food and energy to 2.7% (+2.9%). Also important will be the global flash PMIs due on Friday as a health check on global growth. In Europe, the spotlight will be on UK inflation (Wednesday), with labour market data due tomorrow and retail sales on Friday. Our UK economist expects headline CPI inflation to drop to 3.0% YoY (3.4% in December) and core CPI also landing at 3.0% YoY (3.2% YoY). See more in his full preview here. In terms of key rate decisions, the RBNZ are expected to remain on hold on Wednesday. Finally, the Munich Security Conference wrapped up over the weekend, where key topics included Ukraine, Russia, and the fate of Greenland. And while US Secretary of State Marco Rubio’s speech was nothing like Vice President JD Vance’s at last year’s conference, which triggered a “wake-up” call for European leaders, Rubio reiterated the administration’s view that Europe needed to leave behind its focus on energy policies, trade and mass migration. Recapping last week now, the tech volatility that has dogged markets since the start of the month broadened into a far more indiscriminate sell-off. The trough came on Thursday, marked by a sharp drop in software stocks, but the weakness extended well beyond tech. Companies across wealth management, real estate and financials suffered double digit declines, underscoring how widespread the pullback has become. Market breadth confirmed this shift as the equal weighted S&P 500 fell -1.37% on Thursday, though it managed to finish the week up +0.29% (+1.04% on Friday). Ultimately, the sell-off left the major US indices on the back foot: the S&P 500 slipped -1.39% (+0.05% on Friday), the Nasdaq lost -2.10% (-0.22% on Friday), and the Magnificent 7 slid -3.24% (-1.11% on Friday). Although the AI scare dominated sentiment, a heavy slate of US data also shaped the market narrative. Early in the week, softer prints—including flat December retail sales, a dovish Q4 Employment Cost Index, and slower Q4 growth expectations from the Atlanta Fed—pushed Treasury yields lower across the curve. That picture shifted midweek after a stronger than expected January jobs report, which delivered the largest gain in nonfarm payrolls (+130k vs. +65k expected) since December 2024 and reinforced confidence that the US economy carried solid momentum into 2026. Then on Friday, January CPI came in below expectations, adding another dovish note. Although the data offered mixed signals at times, the overall takeaway was sufficiently dovish for traders to increase the number of expected rate cuts by December 2026 to 63.4bps (+7.7bps on the week). This helped drive the largest weekly drop in the 10 year Treasury yield since August 2025, down -15.8bps (-5.0bps on Friday) to 4.05%. The 2 year yield also moved sharply lower, falling -8.9bps to 3.41% (-4.8bps on Friday), its lowest level since 2022. European markets, meanwhile, delivered a comparatively resilient performance. The STOXX 600 (+0.09%, -0.13% Friday), DAX (+0.78%, +0.25% Friday) and FTSE 100 (+0.74%, +0.42% Friday) all posted modest gains for the week. European sovereign bonds rallied as well, with the 10 year bund yield dropping -8.7bps—its steepest weekly decline since April 2025. That move was outpaced by gilts, which fell -9.8bps (-3.6bps on Friday) despite a sharp early week sell-off triggered by renewed questions surrounding Prime Minister Keir Starmer’s position. Elsewhere, performance was mixed. Brent crude edged down -0.44% (+0.34% on Friday), while gold extended its upward run, rising +1.56% (+2.43% on Friday). Will London’s half term week finally give us a quiet week in 2026? You’d probably have to guess at ‘unlikely’. Tyler Durden Mon, 02/16/2026 - 09:40

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