With prices increasing and unemployment up, Trump has his work cut out for him ahead of November's midterm elections, which could spell trouble for him and his ruling Republicans. A Reuters/Ipsos poll released on Tuesday showed just 33% of U.S. adults approve of how Trump has handled the economy.

Republicans have good reason to worry about their prospects in the 2026 midterm elections after a string of recent defeats. GOP losses in the recent New Jersey and Virginia gubernatorial races, Miami’s mayoral election,

Jim Chalmers has started his second term as treasurer just like the first one ended: trying to frame the budget on his terms, but with one eye on inflation.