Senate Democrats will force a floor vote as soon as Wednesday on a resolution to curtail President Donald Trump's war powers related to Iran, with party leaders pledging to continue introducing such measures for as long as hostilities persist. The move is the latest in a series of Democratic-led efforts to reassert congressional authority over military engagement with Iran. Under the War Powers Resolution, Congress retains the right to compel the executive branch to withdraw forces from unauthorized conflicts, though such resolutions have historically struggled to survive presidential vetoes. By repeatedly forcing votes, Democrats are pursuing a dual strategy: creating a legislative record on war authorization while pressuring Republican senators to publicly align with or distance themselves from the administration's Iran posture. The practical near-term effect depends heavily on whether any Republican senators break ranks to reach a veto-proof majority. Investors and policy watchers with exposure to Middle East risk should track vote tallies closely, as any bipartisan momentum would materially shift the political calculus around U.S. military engagement in the region.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
